Londinia Opportunities Analyses - 05/03/2024 (GMT) KLOECKNER + CO SE NA O.N. - 1H
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EUR
(-)
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15 min delayed data - Germany Stocks
| Type: | Stocks |
| Ticker: | KCO |
| ISIN: | DE000KC01000 |
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 6.62 EUR
My targets
6.72 EUR (+0.90%)
7.00 EUR (+5.11%)
My analysis
KLOECKNER + CO SE NA O.N. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.62 EUR. The next resistance located at 6.72 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.00 EUR. After this resistance, buyers could then target 7.08 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
KLOECKNER + CO SE NA O.N. rating 6.66 EUR. The price has increased by +0.91% since the last closing and was traded between 6.57 EUR and 6.72 EUR over the period. The price is currently at +1.37% from its lowest and -0.89% from its highest.6.57
6.72
6.66
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of KLOECKNER + CO SE NA O.N. in 1H shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.40 | 6.52 | 6.62 | 6.66 | 6.72 | 7.00 | 7.08 |
| Change (%) | -3.90% | -2.10% | -0.60% | - | +0.90% | +5.11% | +6.31% |
| Change | -0.26 | -0.14 | -0.04 | - | +0.06 | +0.34 | +0.42 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | 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 | 6.48 | 6.51 | 6.56 | 6.59 | 6.64 | 6.67 | 6.72 |
| Camarilla | 6.58 | 6.59 | 6.59 | 6.60 | 6.61 | 6.62 | 6.62 |
| Woodie | 6.48 | 6.52 | 6.56 | 6.60 | 6.64 | 6.68 | 6.72 |
| Fibonacci | 6.51 | 6.54 | 6.56 | 6.59 | 6.62 | 6.64 | 6.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.03 | 6.16 | 6.35 | 6.48 | 6.67 | 6.80 | 6.99 |
| Camarilla | 6.46 | 6.49 | 6.52 | 6.55 | 6.58 | 6.61 | 6.64 |
| Woodie | 6.07 | 6.18 | 6.39 | 6.50 | 6.71 | 6.82 | 7.03 |
| Fibonacci | 6.16 | 6.28 | 6.35 | 6.48 | 6.60 | 6.67 | 6.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.46 | 5.87 | 6.26 | 6.67 | 7.06 | 7.47 | 7.86 |
| Camarilla | 6.43 | 6.50 | 6.58 | 6.65 | 6.72 | 6.80 | 6.87 |
| Woodie | 5.45 | 5.87 | 6.25 | 6.67 | 7.05 | 7.47 | 7.85 |
| Fibonacci | 5.87 | 6.18 | 6.36 | 6.67 | 6.98 | 7.16 | 7.47 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.76 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 15.40 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 6.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.57 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 6.70 | |
| Zig ZAG (10): | 6.66 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 78.43 | |
| TEMA (21): | 6.64 | |
| Williams %R (14): | -35.29 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.65 |
| MA7: | 6.57 | |
| MA20: | 6.62 | |
| MA50: | 6.61 | |
| MA100: | 6.66 | |
| MAexp7: | 6.64 | |
| MAexp20: | 6.62 | |
| MAexp50: | 6.59 | |
| MAexp100: | 6.58 | |
| Price / MA7: | +1.37% | |
| Price / MA20: | +0.60% | |
| Price / MA50: | +0.76% | |
| Price / MA100: | -0% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +1.06% | |
| Price / MAexp100: | +1.22% |
Quotes :
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15 min delayed data
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Actions Allemagne
News
The latest news and videos published on KLOECKNER + CO SE NA O.N. at the time of the analysis were as follows:
- EQS-News: Klöckner & Co presents solid operating income for 2023 and strengthens focus on attractive business areas and core markets
- EQS-News: Klöckner & Co successfully completes the sale of four European country organizations
- EQS-News: Changes to the Supervisory Board of Klöckner & Co SE
- EQS-News: Klöckner & Co becomes GEA’s first supplier of CO₂-reduced stainless steel
- EQS-News: Klöckner & Co intends to sell four European country organizations to strengthen focus on higher value-added business and streamline portfolio