HOCHTIEF AG

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	HOT
ISIN:	DE0006070006

HOCHTIEF AG - Daily - Technical analysis published on 06/09/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 74.55 EUR

My targets

85.25 EUR (+5.77%)

99.13 EUR (+22.99%)

My analysis

The bullish trend is currently very strong on HOCHTIEF AG. As long as the price remains above the support at 74.55 EUR, you could try to benefit from the boom. The first bullish objective is located at 85.25 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 99.13 EUR as an objective. Crossing it would then enable buyers to target 110.95 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

8.2

Comment on the analysis

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.

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Additional analysis

Quotes

HOCHTIEF AG rating 80.60 EUR. The price is lower by -0.12% since the last closing and was between 80.25 EUR and 80.80 EUR. This implies that the price is at +0.44% from its lowest and at -0.25% from its highest.

80.25

80.80

80.60

Here is a more detailed summary of the historical variations registered by HOCHTIEF AG:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of HOCHTIEF AG indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	56.89	67.81	74.55	80.60	81.43	99.13	110.95
Change (%)	-29.42%	-15.87%	-7.51%	-	+1.03%	+22.99%	+37.66%
Change	-23.71	-12.79	-6.05	-	+0.83	+18.53	+30.35
Level	Major	Major	Intermediate	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.22	79.93	80.32	81.03	81.42	82.13	82.52
Camarilla	80.40	80.50	80.60	80.70	80.80	80.90	81.00
Woodie	79.05	79.85	80.15	80.95	81.25	82.05	82.35
Fibonacci	79.93	80.35	80.61	81.03	81.45	81.71	82.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.38	76.42	78.23	79.27	81.08	82.12	83.93
Camarilla	79.27	79.53	79.79	80.05	80.31	80.57	80.83
Woodie	75.78	76.61	78.63	79.46	81.48	82.31	84.33
Fibonacci	76.42	77.51	78.18	79.27	80.36	81.03	82.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.50	71.70	74.75	76.95	80.00	82.20	85.25
Camarilla	76.36	76.84	77.32	77.80	78.28	78.76	79.24
Woodie	69.93	71.91	75.18	77.16	80.43	82.41	85.68
Fibonacci	71.70	73.71	74.95	76.95	78.96	80.20	82.20

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):	69.39
MACD (12,26,9):	1.3900
Directional Movement:	15.06
AROON (14):	71.43
DEMA (21):	80.22
Parabolic SAR (0,02-0,02-0,2):	78.47
Elder Ray (13):	1.33
Super Trend (3,10):	76.96
Zig ZAG (10):	80.50
VORTEX (21):	1.1100
Stochastique (14,3,5):	85.96
TEMA (21):	80.41
Williams %R (14):	-18.94
Chande Momentum Oscillator (20):	4.65
Repulse (5,40,3):	-0.1900
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	10.99

MA7:	80.29
MA20:	77.81
MA50:	76.81
MA100:	68.72
MAexp7:	80.02
MAexp20:	78.48
MAexp50:	75.44
MAexp100:	70.05
Price / MA7:	+0.39%
Price / MA20:	+3.59%
Price / MA50:	+4.93%
Price / MA100:	+17.29%
Price / MAexp7:	+0.72%
Price / MAexp20:	+2.70%
Price / MAexp50:	+6.84%
Price / MAexp100:	+15.06%

Quotes : - 15 min delayed data - Germany Stocks

News

The last news published on HOCHTIEF AG at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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