Londinia Opportunities Analyses - 05/06/2024 (GMT) BRENNTAG SE NA O.N. - 1H
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EUR
(-)
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15 min delayed data - Germany Stocks
| Type: | Stocks |
| Ticker: | BNR |
| ISIN: | DE000A1DAHH0 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 75.08 EUR
My targets
76.42 EUR (+0.90%)
76.86 EUR (+1.48%)
My analysis
The bullish trend is currently very strong on BRENNTAG SE NA O.N.. As long as the price remains above the support at 75.08 EUR, you could try to benefit from the boom. The first bullish objective is located at 76.42 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 76.86 EUR as an objective. Crossing it would then enable buyers to target 77.76 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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Additional analysis
Quotes
The BRENNTAG SE NA O.N. price is 75.74 EUR. On the day, this instrument gained +0.32% and was traded between 75.40 EUR and 75.74 EUR over the period. The price is currently at +0.45% from its lowest and 0% from its highest.75.40
75.74
75.74
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BRENNTAG SE NA O.N. in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 73.98 | 74.37 | 75.08 | 75.74 | 75.90 | 76.42 | 76.86 |
| Change (%) | -2.32% | -1.81% | -0.87% | - | +0.21% | +0.90% | +1.48% |
| Change | -1.76 | -1.37 | -0.66 | - | +0.16 | +0.68 | +1.12 |
| Level | Intermediate | Minor | Minor | - | Major | 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 | 73.77 | 74.51 | 75.01 | 75.75 | 76.25 | 76.99 | 77.49 |
| Camarilla | 75.16 | 75.27 | 75.39 | 75.50 | 75.61 | 75.73 | 75.84 |
| Woodie | 73.64 | 74.45 | 74.88 | 75.69 | 76.12 | 76.93 | 77.36 |
| Fibonacci | 74.51 | 74.99 | 75.28 | 75.75 | 76.23 | 76.52 | 76.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.27 | 73.31 | 74.41 | 75.45 | 76.55 | 77.59 | 78.69 |
| Camarilla | 74.91 | 75.11 | 75.30 | 75.50 | 75.70 | 75.89 | 76.09 |
| Woodie | 72.29 | 73.33 | 74.43 | 75.47 | 76.57 | 77.61 | 78.71 |
| Fibonacci | 73.31 | 74.13 | 74.64 | 75.45 | 76.27 | 76.78 | 77.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.31 | 71.65 | 73.25 | 75.59 | 77.19 | 79.53 | 81.13 |
| Camarilla | 73.78 | 74.14 | 74.50 | 74.86 | 75.22 | 75.58 | 75.94 |
| Woodie | 68.95 | 71.47 | 72.89 | 75.41 | 76.83 | 79.35 | 80.77 |
| Fibonacci | 71.65 | 73.15 | 74.08 | 75.59 | 77.09 | 78.02 | 79.53 |
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): | 59.41 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | 14.17 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 75.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.35 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 75.05 | |
| Zig ZAG (10): | 75.74 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 48.74 | |
| TEMA (21): | 75.74 | |
| Williams %R (14): | -48.10 | |
| Chande Momentum Oscillator (20): | 0.70 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.20 |
| MA7: | 75.28 | |
| MA20: | 75.52 | |
| MA50: | 78.48 | |
| MA100: | 79.80 | |
| MAexp7: | 75.60 | |
| MAexp20: | 75.40 | |
| MAexp50: | 75.26 | |
| MAexp100: | 75.35 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | -3.49% | |
| Price / MA100: | -5.09% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.52% |
Quotes :
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15 min delayed data
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Actions Allemagne
News
Don't forget to follow the news on BRENNTAG SE NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- USALCO Completes Acquisition of Brenntag Southwest's Coagulant Manufacturing Business
- PrimeStone Capital LLP: Letter to Brenntag Shareholders
- PrimeStone Capital LLP: Letter to the Supervisory Board of Brenntag SE
- PrimeStone Capital - Letter to Brenntag Shareholders
- EQS-Adhoc: Brenntag SE resolves on share buyback program with a total volume of up to EUR 750 million