TRATON SE INH O.N. - 1H - Technical analysis published on 09/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
89%
6%
My opinion
Bearish under 19.28 EUR
My targets
18.19 EUR (-1.83%)
16.83 EUR (-9.17%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TRATON SE INH O.N. as long as the price remains well below 19.28 EUR. The sellers' bearish objective is set at 18.19 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.83 EUR. In case of crossing, the next objective would be the support located at 15.84 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.8
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Additional analysis
Quotes
The TRATON SE INH O.N. price is 18.53 EUR. On the day, this instrument lost -0.11% with the lowest point at 18.51 EUR and the highest point at 18.57 EUR. The deviation from the price is +0.11% for the low point and -0.22% for the high point.18.51
18.57
18.53
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
Here is a more detailed summary of the historical variations registered by TRATON SE INH O.N.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TRATON SE INH 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.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
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 | 15.84 | 16.83 | 18.19 | 18.53 | 18.54 | 19.28 | 19.46 |
| Change (%) | -14.52% | -9.17% | -1.83% | - | +0.05% | +4.05% | +5.02% |
| Change | -2.69 | -1.70 | -0.34 | - | +0.01 | +0.75 | +0.93 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | 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 | 18.07 | 18.30 | 18.43 | 18.66 | 18.79 | 19.02 | 19.15 |
| Camarilla | 18.45 | 18.48 | 18.52 | 18.55 | 18.58 | 18.62 | 18.65 |
| Woodie | 18.01 | 18.28 | 18.37 | 18.64 | 18.73 | 19.00 | 19.09 |
| Fibonacci | 18.30 | 18.44 | 18.53 | 18.66 | 18.80 | 18.89 | 19.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.50 | 18.02 | 18.41 | 18.93 | 19.32 | 19.84 | 20.23 |
| Camarilla | 18.54 | 18.62 | 18.71 | 18.79 | 18.87 | 18.96 | 19.04 |
| Woodie | 17.43 | 17.99 | 18.34 | 18.90 | 19.25 | 19.81 | 20.16 |
| Fibonacci | 18.02 | 18.37 | 18.59 | 18.93 | 19.28 | 19.50 | 19.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.45 | 17.56 | 18.27 | 19.38 | 20.09 | 21.20 | 21.91 |
| Camarilla | 18.49 | 18.66 | 18.82 | 18.99 | 19.16 | 19.32 | 19.49 |
| Woodie | 16.26 | 17.46 | 18.08 | 19.28 | 19.90 | 21.10 | 21.72 |
| Fibonacci | 17.56 | 18.25 | 18.68 | 19.38 | 20.07 | 20.50 | 21.20 |
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): | 37.12 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -16.50 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 18.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.88 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 18.91 | |
| Zig ZAG (10): | 18.51 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 11.90 | |
| TEMA (21): | 18.59 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.39 | |
| Repulse (5,40,3): | -0.8100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.32 |
| MA7: | 18.78 | |
| MA20: | 18.95 | |
| MA50: | 19.33 | |
| MA100: | 19.29 | |
| MAexp7: | 18.61 | |
| MAexp20: | 18.70 | |
| MAexp50: | 18.81 | |
| MAexp100: | 18.94 | |
| Price / MA7: | -1.33% | |
| Price / MA20: | -2.22% | |
| Price / MA50: | -4.14% | |
| Price / MA100: | -3.94% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | -1.49% | |
| Price / MAexp100: | -2.16% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on TRATON SE INH O.N. at the time of the analysis were as follows:
- EQS-News: TRATON GROUP posts strong increase in unit sales, sales revenue, and operating return on sales in the first half of 2023
- EQS-Adhoc: TRATON SE announces preliminary 3M 2023 results
- DGAP-Adhoc: TRATON SE: Disposal of business activities in Russia
- DGAP-Adhoc: TRATON SE: Chairman leaves the Executive Board of TRATON SE
- DGAP-Adhoc: TRATON SE: TRATON SE announces preliminary results for the first half of 2021
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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