ELRINGKLINGER AG NA O.N. - Daily - Technical analysis published on 02/02/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 7.850 EUR
My targets
9.068 EUR (+6.93%)
9.640 EUR (+13.68%)
My analysis
The bullish trend is currently very strong on ELRINGKLINGER AG NA O.N.. As long as the price remains above the support at 7.850 EUR, you could try to benefit from the boom. The first bullish objective is located at 9.068 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.640 EUR as an objective. Crossing it would then enable buyers to target 11.999 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
ELRINGKLINGER AG NA O.N. rating 8.480 EUR. The price has increased by +7.96% since the last closing with the lowest point at 7.860 EUR and the highest point at 8.480 EUR. The deviation from the price is +7.89% for the low point and 0% for the high point.7.860
8.480
8.480
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ELRINGKLINGER AG NA O.N. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 7.101 | 7.850 | 8.385 | 8.480 | 9.068 | 11.999 | 13.430 |
Change (%) | -16.26% | -7.43% | -1.12% | - | +6.93% | +41.50% | +58.37% |
Change | -1.379 | -0.630 | -0.095 | - | +0.588 | +3.519 | +4.950 |
Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.418 | 7.612 | 7.733 | 7.927 | 8.048 | 8.242 | 8.363 |
Camarilla | 7.768 | 7.797 | 7.826 | 7.855 | 7.884 | 7.913 | 7.942 |
Woodie | 7.383 | 7.594 | 7.698 | 7.909 | 8.013 | 8.224 | 8.328 |
Fibonacci | 7.612 | 7.732 | 7.806 | 7.927 | 8.047 | 8.121 | 8.242 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.185 | 7.400 | 7.760 | 7.975 | 8.335 | 8.550 | 8.910 |
Camarilla | 7.962 | 8.015 | 8.067 | 8.120 | 8.173 | 8.225 | 8.278 |
Woodie | 7.258 | 7.436 | 7.833 | 8.011 | 8.408 | 8.586 | 8.983 |
Fibonacci | 7.400 | 7.620 | 7.755 | 7.975 | 8.195 | 8.330 | 8.550 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6.055 | 6.525 | 7.250 | 7.720 | 8.445 | 8.915 | 9.640 |
Camarilla | 7.646 | 7.756 | 7.866 | 7.975 | 8.085 | 8.194 | 8.304 |
Woodie | 6.183 | 6.589 | 7.378 | 7.784 | 8.573 | 8.979 | 9.768 |
Fibonacci | 6.525 | 6.982 | 7.264 | 7.720 | 8.177 | 8.459 | 8.915 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 66.61 | |
MACD (12,26,9): | 0.2080 | |
Directional Movement: | 15.566 | |
AROON (14): | 64.286 | |
DEMA (21): | 8.102 | |
Parabolic SAR (0,02-0,02-0,2): | 7.604 | |
Elder Ray (13): | 0.207 | |
Super Trend (3,10): | 7.407 | |
Zig ZAG (10): | 8.410 | |
VORTEX (21): | 1.0570 | |
Stochastique (14,3,5): | 70.00 | |
TEMA (21): | 8.184 | |
Williams %R (14): | -3.39 | |
Chande Momentum Oscillator (20): | 0.380 | |
Repulse (5,40,3): | 7.7930 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.3910 | |
Courbe Coppock: | 5.98 |
MA7: | 8.027 | |
MA20: | 7.880 | |
MA50: | 7.431 | |
MA100: | 7.150 | |
MAexp7: | 8.049 | |
MAexp20: | 7.833 | |
MAexp50: | 7.543 | |
MAexp100: | 7.414 | |
Price / MA7: | +5.64% | |
Price / MA20: | +7.61% | |
Price / MA50: | +14.12% | |
Price / MA100: | +18.60% | |
Price / MAexp7: | +5.35% | |
Price / MAexp20: | +8.26% | |
Price / MAexp50: | +12.42% | |
Price / MAexp100: | +14.38% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on ELRINGKLINGER AG NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: EKPO to develop and supply fuel cell stacks for a European OEM
- EQS-News: ElringKlinger: 'Shielding Technology' business unit to be renamed 'Metal Forming & Assembly Technology'
- EQS-News: ElringKlinger sees revenue surge to record level in third quarter of 2022
- EQS-News: EKPO has received an order from a major European OEM to develop and supply bipolar plates
- DGAP-News: EKPO and Suzhou SND Government sign a joint investment and funding agreement to deliver on EKPO’s “Go-to-market” strategy in China
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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