COMMERZBANK AG

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CBK
ISIN:	DE000CBK1001

COMMERZBANK AG - 1H - Technical analysis published on 09/29/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 10.570 EUR

My targets

11.236 EUR (+3.99%)

11.691 EUR (+8.20%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COMMERZBANK AG as long as the price remains well above 10.570 EUR. The buyers' bullish objective is set at 11.236 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.691 EUR. If there is any crossing, the next objective would be the resistance located at 12.160 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

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.

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 10.805 EUR. The price has increased by +11.23% since the last closing and was traded between 10.125 EUR and 10.845 EUR over the period. The price is currently at +6.72% from its lowest and -0.37% from its highest.

10.125

10.845

10.805

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of COMMERZBANK AG 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.175	10.324	10.570	10.805	11.236	11.691	12.160
Change (%)	-5.83%	-4.45%	-2.17%	-	+3.99%	+8.20%	+12.54%
Change	-0.630	-0.481	-0.235	-	+0.431	+0.886	+1.355
Level	Intermediate	Major	Minor	-	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	9.311	9.405	9.559	9.653	9.807	9.901	10.055
Camarilla	9.646	9.669	9.691	9.714	9.737	9.760	9.782
Woodie	9.342	9.420	9.590	9.668	9.838	9.916	10.086
Fibonacci	9.405	9.499	9.558	9.653	9.747	9.806	9.901

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.754	9.142	9.399	9.787	10.044	10.432	10.689
Camarilla	9.479	9.538	9.597	9.656	9.715	9.774	9.833
Woodie	8.689	9.109	9.334	9.754	9.979	10.399	10.624
Fibonacci	9.142	9.388	9.541	9.787	10.033	10.186	10.432

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.353	9.061	9.605	10.313	10.857	11.565	12.109
Camarilla	9.806	9.921	10.035	10.150	10.265	10.380	10.494
Woodie	8.272	9.020	9.524	10.272	10.776	11.524	12.028
Fibonacci	9.061	9.539	9.834	10.313	10.791	11.086	11.565

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	86.22
MACD (12,26,9):	0.2430
Directional Movement:	51.348
AROON (14):	64.285
DEMA (21):	10.228
Parabolic SAR (0,02-0,02-0,2):	9.773
Elder Ray (13):	0.649
Super Trend (3,10):	10.325
Zig ZAG (10):	10.770
VORTEX (21):	1.3050
Stochastique (14,3,5):	93.92
TEMA (21):	10.478
Williams %R (14):	-3.35
Chande Momentum Oscillator (20):	1.257
Repulse (5,40,3):	2.7170
ROCnROLL:	1
TRIX (15,9):	0.1280
Courbe Coppock:	15.37

MA7:	9.857
MA20:	9.734
MA50:	10.127
MA100:	10.102
MAexp7:	10.394
MAexp20:	9.982
MAexp50:	9.821
MAexp100:	9.790
Price / MA7:	+9.62%
Price / MA20:	+11.00%
Price / MA50:	+6.69%
Price / MA100:	+6.96%
Price / MAexp7:	+3.95%
Price / MAexp20:	+8.24%
Price / MAexp50:	+10.02%
Price / MAexp100:	+10.37%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on COMMERZBANK AG at the time of the analysis were as follows:

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

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