HOCHTIEF AG - Daily - Technical analysis published on 07/24/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 77.22 EUR
My targets
81.43 EUR (+1.98%)
88.45 EUR (+10.77%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HOCHTIEF AG as long as the price remains well above 77.22 EUR. The buyers' bullish objective is set at 81.43 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 88.45 EUR. If there is any crossing, the next objective would be the resistance located at 99.45 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HOCHTIEF AG price is 79.85 EUR. The price registered a decrease of -0.13% on the session with the lowest point at 79.30 EUR and the highest point at 80.35 EUR. The deviation from the price is +0.69% for the low point and -0.62% for the high point.79.30
80.35
79.85
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of HOCHTIEF AG indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 67.81 | 74.55 | 77.22 | 79.85 | 81.43 | 99.45 | 110.95 |
| Change (%) | -15.08% | -6.64% | -3.29% | - | +1.98% | +24.55% | +38.95% |
| Change | -12.04 | -5.30 | -2.63 | - | +1.58 | +19.60 | +31.10 |
| Level | Major | Minor | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.83 | 78.72 | 79.33 | 80.22 | 80.83 | 81.72 | 82.33 |
| Camarilla | 79.54 | 79.68 | 79.81 | 79.95 | 80.09 | 80.23 | 80.36 |
| Woodie | 77.70 | 78.65 | 79.20 | 80.15 | 80.70 | 81.65 | 82.20 |
| Fibonacci | 78.72 | 79.29 | 79.64 | 80.22 | 80.79 | 81.14 | 81.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.78 | 76.32 | 78.13 | 79.67 | 81.48 | 83.02 | 84.83 |
| Camarilla | 79.03 | 79.34 | 79.64 | 79.95 | 80.26 | 80.56 | 80.87 |
| Woodie | 74.93 | 76.39 | 78.28 | 79.74 | 81.63 | 83.09 | 84.98 |
| Fibonacci | 76.32 | 77.60 | 78.39 | 79.67 | 80.95 | 81.74 | 83.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.60 | 73.90 | 76.55 | 79.85 | 82.50 | 85.80 | 88.45 |
| Camarilla | 77.56 | 78.11 | 78.66 | 79.20 | 79.75 | 80.29 | 80.84 |
| Woodie | 70.28 | 73.74 | 76.23 | 79.69 | 82.18 | 85.64 | 88.13 |
| Fibonacci | 73.90 | 76.17 | 77.58 | 79.85 | 82.12 | 83.53 | 85.80 |
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): | 53.73 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 2.98 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 79.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.62 | |
| Elder Ray (13): | 0.39 | |
| Super Trend (3,10): | 81.30 | |
| Zig ZAG (10): | 79.80 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 82.73 | |
| TEMA (21): | 79.52 | |
| Williams %R (14): | -25.45 | |
| Chande Momentum Oscillator (20): | 1.65 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.27 |
| MA7: | 79.55 | |
| MA20: | 79.02 | |
| MA50: | 78.87 | |
| MA100: | 75.79 | |
| MAexp7: | 79.69 | |
| MAexp20: | 79.31 | |
| MAexp50: | 78.22 | |
| MAexp100: | 74.35 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +1.05% | |
| Price / MA50: | +1.24% | |
| Price / MA100: | +5.36% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.68% | |
| Price / MAexp50: | +2.08% | |
| Price / MAexp100: | +7.40% |
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:
- DGAP-Adhoc: HOCHTIEF Aktiengesellschaft decides on subscription price for capital increase against cash contribution with exclusion of subscription rights
- DGAP-Adhoc: HOCHTIEF Aktiengesellschaft decides on capital increase against cash contribution with exclusion of subscription rights, backstopped by shareholder ACS
- DGAP-Adhoc: HOCHTIEF Aktiengesellschaft: HOCHTIEF approves submission of the unconditional and final off-market takeover offer to the outstanding shareholders of CIMIC by HOCHTIEF Australia
- DGAP-Adhoc: HOCHTIEF Aktiengesellschaft: HOCHTIEF decides to conduct a share buy-back program
- DGAP-Adhoc: HOCHTIEF Aktiengesellschaft: Arbitration decision having an extraordinary one-off impact of around EUR 195 million on the nominal net profit
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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