Londinia Opportunities Analyses - 06/24/2022 (GMT) GRAMMER AG O.N. - Daily

- EUR (-)

- 15 min delayed data - Germany Stocks

Type:	Stocks
Ticker:	GMM
ISIN:	DE0005895403

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Europe Stocks
Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 14.00 EUR

My targets

12.71 EUR (-6.89%)

10.23 EUR (-25.03%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GRAMMER AG O.N. as long as the price remains well below 14.00 EUR. The sellers' bearish objective is set at 12.71 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.23 EUR. In case of crossing, the next objective would be the support located at 2.32 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

GRAMMER AG O.N. rating 13.65 EUR. The price is lower by -1.80% since the last closing with the lowest point at 13.50 EUR and the highest point at 13.65 EUR. The deviation from the price is +1.11% for the low point and 0% for the high point.

13.50

13.65

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GRAMMER AG O.N.:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Journalier chart of GRAMMER AG O.N. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish doji star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	2.32	12.71	13.65	14.00	15.18	17.70
Change (%)	-83.00%	-6.89%	-	+2.56%	+11.21%	+29.67%
Change	-11.33	-0.94	-	+0.35	+1.53	+4.05
Level	Minor	Major	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.17	13.53	13.72	14.08	14.27	14.63	14.82
Camarilla	13.75	13.80	13.85	13.90	13.95	14.00	14.05
Woodie	13.08	13.49	13.63	14.04	14.18	14.59	14.73
Fibonacci	13.53	13.74	13.87	14.08	14.29	14.42	14.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.27	13.73	14.07	14.53	14.87	15.33	15.67
Camarilla	14.18	14.25	14.33	14.40	14.47	14.55	14.62
Woodie	13.20	13.70	14.00	14.50	14.80	15.30	15.60
Fibonacci	13.73	14.04	14.23	14.53	14.84	15.03	15.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.23	11.87	13.03	14.67	15.83	17.47	18.63
Camarilla	13.43	13.69	13.94	14.20	14.46	14.71	14.97
Woodie	10.00	11.75	12.80	14.55	15.60	17.35	18.40
Fibonacci	11.87	12.94	13.60	14.67	15.74	16.40	17.47

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):	33.97
MACD (12,26,9):	-0.3000
Directional Movement:	-15.99
AROON (14):	-78.57
DEMA (21):	14.08
Parabolic SAR (0,02-0,02-0,2):	15.67
Elder Ray (13):	-0.73
Super Trend (3,10):	14.71
Zig ZAG (10):	13.65
VORTEX (21):	0.7600
Stochastique (14,3,5):	2.63
TEMA (21):	14.03
Williams %R (14):	-92.11
Chande Momentum Oscillator (20):	-1.35
Repulse (5,40,3):	-2.6100
ROCnROLL:	2
TRIX (15,9):	-0.1900
Courbe Coppock:	9.58

MA7:	14.12
MA20:	14.56
MA50:	15.01
MA100:	16.09
MAexp7:	14.08
MAexp20:	14.45
MAexp50:	15.03
MAexp100:	16.02
Price / MA7:	-3.33%
Price / MA20:	-6.25%
Price / MA50:	-9.06%
Price / MA100:	-15.16%
Price / MAexp7:	-3.05%
Price / MAexp20:	-5.54%
Price / MAexp50:	-9.18%
Price / MAexp100:	-14.79%

Quotes : - 15 min delayed data - Actions Allemagne

News

Don't forget to follow the news on GRAMMER AG O.N.. At the time of publication of this analysis, the latest news was as follows: