BRANICKS GROUP AG NA O.N. - Daily - Technical analysis published on 08/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 4.602 EUR
My targets
4.180 EUR (-7.42%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DIC ASSET AG NA O.N.. As long as you are under the resistance located at 4.602 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4.180 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 4.602 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DIC ASSET AG NA O.N. price is 4.515 EUR. The price registered an increase of +2.73% on the session and was between 4.430 EUR and 4.555 EUR. This implies that the price is at +1.92% from its lowest and at -0.88% from its highest.4.430
4.555
4.515
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DIC ASSET AG NA O.N. chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.180 | 4.515 | 4.602 | 5.610 | 6.547 |
| Change (%) | -7.42% | - | +1.93% | +24.25% | +45.01% |
| Change | -0.335 | - | +0.087 | +1.095 | +2.032 |
| Level | Major | - | Minor | Minor | Intermediate |
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 | 4.177 | 4.248 | 4.322 | 4.393 | 4.467 | 4.538 | 4.612 |
| Camarilla | 4.355 | 4.368 | 4.382 | 4.395 | 4.408 | 4.422 | 4.435 |
| Woodie | 4.178 | 4.249 | 4.323 | 4.394 | 4.468 | 4.539 | 4.613 |
| Fibonacci | 4.248 | 4.304 | 4.338 | 4.393 | 4.449 | 4.483 | 4.538 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.672 | 3.898 | 4.092 | 4.318 | 4.512 | 4.738 | 4.932 |
| Camarilla | 4.170 | 4.208 | 4.247 | 4.285 | 4.324 | 4.362 | 4.401 |
| Woodie | 3.655 | 3.890 | 4.075 | 4.310 | 4.495 | 4.730 | 4.915 |
| Fibonacci | 3.898 | 4.059 | 4.158 | 4.318 | 4.479 | 4.578 | 4.738 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.830 | 3.585 | 4.030 | 4.785 | 5.230 | 5.985 | 6.430 |
| Camarilla | 4.145 | 4.255 | 4.365 | 4.475 | 4.585 | 4.695 | 4.805 |
| Woodie | 2.675 | 3.508 | 3.875 | 4.708 | 5.075 | 5.908 | 6.275 |
| Fibonacci | 3.585 | 4.043 | 4.327 | 4.785 | 5.243 | 5.527 | 5.985 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.53 | |
| MACD (12,26,9): | -0.1660 | |
| Directional Movement: | -4.040 | |
| AROON (14): | -42.858 | |
| DEMA (21): | 4.253 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.132 | |
| Elder Ray (13): | 0.075 | |
| Super Trend (3,10): | 4.690 | |
| Zig ZAG (10): | 4.515 | |
| VORTEX (21): | 0.9580 | |
| Stochastique (14,3,5): | 50.11 | |
| TEMA (21): | 4.305 | |
| Williams %R (14): | -28.44 | |
| Chande Momentum Oscillator (20): | -0.070 | |
| Repulse (5,40,3): | 2.3950 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5990 | |
| Courbe Coppock: | 8.64 |
| MA7: | 4.319 | |
| MA20: | 4.443 | |
| MA50: | 4.899 | |
| MA100: | 5.834 | |
| MAexp7: | 4.385 | |
| MAexp20: | 4.496 | |
| MAexp50: | 4.946 | |
| MAexp100: | 5.685 | |
| Price / MA7: | +4.54% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | -7.84% | |
| Price / MA100: | -22.61% | |
| Price / MAexp7: | +2.96% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | -8.71% | |
| Price / MAexp100: | -20.58% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on DIC ASSET AG NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: DIC Asset AG completes lettings in Baden-Württemberg and Bavaria
- EQS-News: DIC Asset AG: First half of 2023 influenced by the geopolitical environment – “Performance 2024” action plan to strengthen the company
- EQS-News: DIC Asset AG lets “Pressecafé” inside the “Pressehaus am Alex” to Berlin-based restaurant operator
- EQS-News: DIC Asset AG secures long-term rental income for logistics real estate fund
- EQS-News: DIC Asset AG – The “Performance 2024” action plan producing first results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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