SGL CARBON SE O.N. - Daily - Technical analysis published on 02/13/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 4.406 EUR
My targets
3.917 EUR (-6.73%)
3.650 EUR (-13.10%)
My analysis
The bearish trend is currently very strong for SGL CARBON SE O.N.. As long as the price remains below the resistance at 4.406 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.917 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.650 EUR as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SGL CARBON SE O.N. rating 4.200 EUR. The price registered a decrease of -1.82% on the session and was traded between 4.174 EUR and 4.336 EUR over the period. The price is currently at +0.62% from its lowest and -3.14% from its highest.4.174
4.336
4.200
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SGL CARBON SE O.N. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 3.650 | 4.157 | 4.200 | 4.814 | 5.990 | 6.570 |
Change (%) | -13.10% | -1.02% | - | +14.62% | +42.62% | +56.43% |
Change | -0.550 | -0.043 | - | +0.614 | +1.790 | +2.370 |
Level | Major | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.157 | 4.207 | 4.243 | 4.293 | 4.329 | 4.379 | 4.415 |
Camarilla | 4.254 | 4.262 | 4.270 | 4.278 | 4.286 | 4.294 | 4.302 |
Woodie | 4.149 | 4.204 | 4.235 | 4.290 | 4.321 | 4.376 | 4.407 |
Fibonacci | 4.207 | 4.240 | 4.261 | 4.293 | 4.326 | 4.347 | 4.379 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.495 | 3.713 | 3.917 | 4.135 | 4.339 | 4.557 | 4.761 |
Camarilla | 4.006 | 4.045 | 4.083 | 4.122 | 4.161 | 4.199 | 4.238 |
Woodie | 3.489 | 3.710 | 3.911 | 4.132 | 4.333 | 4.554 | 4.755 |
Fibonacci | 3.713 | 3.874 | 3.974 | 4.135 | 4.296 | 4.396 | 4.557 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.471 | 3.241 | 3.636 | 4.406 | 4.801 | 5.571 | 5.966 |
Camarilla | 3.712 | 3.818 | 3.925 | 4.032 | 4.139 | 4.246 | 4.352 |
Woodie | 2.285 | 3.147 | 3.450 | 4.312 | 4.615 | 5.477 | 5.780 |
Fibonacci | 3.241 | 3.686 | 3.961 | 4.406 | 4.851 | 5.126 | 5.571 |
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): | 43.67 | |
MACD (12,26,9): | -0.1010 | |
Directional Movement: | -4.940 | |
AROON (14): | -42.857 | |
DEMA (21): | 4.155 | |
Parabolic SAR (0,02-0,02-0,2): | 3.938 | |
Elder Ray (13): | 0.017 | |
Super Trend (3,10): | 4.533 | |
Zig ZAG (10): | 4.206 | |
VORTEX (21): | 0.8580 | |
Stochastique (14,3,5): | 51.10 | |
TEMA (21): | 4.116 | |
Williams %R (14): | -44.58 | |
Chande Momentum Oscillator (20): | -0.102 | |
Repulse (5,40,3): | -3.2960 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.3700 | |
Courbe Coppock: | 10.71 |
MA7: | 4.200 | |
MA20: | 4.286 | |
MA50: | 4.505 | |
MA100: | 4.486 | |
MAexp7: | 4.205 | |
MAexp20: | 4.290 | |
MAexp50: | 4.433 | |
MAexp100: | 4.654 | |
Price / MA7: | -0% | |
Price / MA20: | -2.01% | |
Price / MA50: | -6.77% | |
Price / MA100: | -6.38% | |
Price / MAexp7: | -0.12% | |
Price / MAexp20: | -2.10% | |
Price / MAexp50: | -5.26% | |
Price / MAexp100: | -9.76% |
News
The last news published on SGL CARBON SE O.N. at the time of the generation of this analysis was as follows:
- DGAP-Adhoc: SGL CARBON SE: Dr. Torsten Derr to become new Chief Executive Officer of SGL Carbon SE
- DGAP-Adhoc: SGL CARBON SE: In the context of preparations for the new five-year plan, a guidance adjustment for CFM and the Group as well as an impairment charge for CFM become necessary and a first outlook for 2020 becomes apparent
- DGAP-Adhoc: SGL CARBON SE: Following the analysis of the actual results of the business unit Composites - Fibers & Materials (CFM) in July 2019, SGL Carbon SE is correcting its guidance. Chief Executive Officer Dr. Jürgen Köhler has resigned effective August 31, 2019
- DGAP-AGM: SGL Carbon SE: Announcement of the Convening of the General Meeting in Wiesbaden on 10.05.2019 according to article 121 AktG (German Stock Companies Act) with the objective of Europe-wide distribution
- DGAP-Adhoc: SGL CARBON SE: SGL Carbon SE passes resolution on new five-year plan
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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