COMMERZBANK AG - Daily - Technical analysis published on 03/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
39%
22%
39%
My opinion
Bearish under 10.052 EUR
My targets
9.210 EUR (-5.56%)
8.480 EUR (-13.04%)
My analysis
The strong short-term decrease of COMMERZBANK AG should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 10.052 EUR, a sale could be considered. The first bearish objective is located at 9.210 EUR. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 8.480 EUR. If there is any crossing, the next objective would be support 7.714 EUR. Caution, if there is a return to above 10.052 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.5
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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 COMMERZBANK AG price is 9.752 EUR. The price has increased by +3.11% since the last closing and was traded between 9.510 EUR and 9.796 EUR over the period. The price is currently at +2.54% from its lowest and -0.45% from its highest.9.510
9.796
9.752
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of COMMERZBANK AG indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 7.714 | 8.480 | 9.210 | 9.752 | 10.052 | 10.535 | 11.945 |
| Change (%) | -20.90% | -13.04% | -5.56% | - | +3.08% | +8.03% | +22.49% |
| Change | -2.038 | -1.272 | -0.542 | - | +0.300 | +0.783 | +2.193 |
| Level | Minor | Major | Major | - | Intermediate | 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 | 9.187 | 9.263 | 9.361 | 9.437 | 9.535 | 9.611 | 9.709 |
| Camarilla | 9.410 | 9.426 | 9.442 | 9.458 | 9.474 | 9.490 | 9.506 |
| Woodie | 9.197 | 9.269 | 9.371 | 9.443 | 9.545 | 9.617 | 9.719 |
| Fibonacci | 9.263 | 9.330 | 9.371 | 9.437 | 9.504 | 9.545 | 9.611 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.195 | 7.253 | 8.065 | 9.123 | 9.935 | 10.993 | 11.805 |
| Camarilla | 8.364 | 8.535 | 8.707 | 8.878 | 9.049 | 9.221 | 9.392 |
| Woodie | 6.073 | 7.192 | 7.943 | 9.062 | 9.813 | 10.932 | 11.683 |
| Fibonacci | 7.253 | 7.967 | 8.408 | 9.123 | 9.837 | 10.278 | 10.993 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.463 | 9.134 | 10.329 | 11.000 | 12.195 | 12.866 | 14.061 |
| Camarilla | 11.012 | 11.183 | 11.354 | 11.525 | 11.696 | 11.867 | 12.038 |
| Woodie | 8.726 | 9.265 | 10.592 | 11.131 | 12.458 | 12.997 | 14.324 |
| Fibonacci | 9.134 | 9.847 | 10.287 | 11.000 | 11.713 | 12.153 | 12.866 |
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): | 46.82 | |
| MACD (12,26,9): | -0.3510 | |
| Directional Movement: | -15.978 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 9.522 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.310 | |
| Elder Ray (13): | -0.060 | |
| Super Trend (3,10): | 10.883 | |
| Zig ZAG (10): | 9.774 | |
| VORTEX (21): | 0.8460 | |
| Stochastique (14,3,5): | 36.72 | |
| TEMA (21): | 9.130 | |
| Williams %R (14): | -54.21 | |
| Chande Momentum Oscillator (20): | -0.625 | |
| Repulse (5,40,3): | 2.8870 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4010 | |
| Courbe Coppock: | 30.86 |
| MA7: | 9.408 | |
| MA20: | 10.211 | |
| MA50: | 10.364 | |
| MA100: | 9.432 | |
| MAexp7: | 9.520 | |
| MAexp20: | 9.922 | |
| MAexp50: | 10.034 | |
| MAexp100: | 9.551 | |
| Price / MA7: | +3.66% | |
| Price / MA20: | -4.50% | |
| Price / MA50: | -5.91% | |
| Price / MA100: | +3.39% | |
| Price / MAexp7: | +2.44% | |
| Price / MAexp20: | -1.71% | |
| Price / MAexp50: | -2.81% | |
| Price / MAexp100: | +2.10% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
The last news published on COMMERZBANK AG at the time of the generation of this analysis was as follows:
- COMMERZBANK AG - Pre-stab Rentenbank € 500mn tap due 2030
- COMMERZBANK AG - Post-stab KfW 3.125% € 5bn due 2030
- COMMERZBANK AG - Pre-stabilisation KfW € long 7yr benchmark
- Commerzbank reports highest net profit in more than ten years thanks to strong revenue performance – positive outlook for 2023
- EQS-News: Commerzbank reports highest net profit in more than ten years thanks to strong revenue performance – positive outlook for 2023
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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