CONTINENTAL AG O.N. - 1H - Technical analysis published on 09/03/2024 (GMT)
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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
78%
11%
11%
My opinion
Bullish above 61.30 EUR
My targets
62.84 EUR (+1.98%)
63.74 EUR (+3.44%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CONTINENTAL AG O.N. as long as the price remains well above 61.30 EUR. The buyers' bullish objective is set at 62.84 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 63.74 EUR. If there is any crossing, the next objective would be the resistance located at 68.39 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
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CONTINENTAL AG O.N. rating 61.62 EUR. On the day, this instrument gained +0.88% with the lowest point at 60.80 EUR and the highest point at 61.66 EUR. The deviation from the price is +1.35% for the low point and -0.06% for the high point.60.80
61.66
61.62
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 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CONTINENTAL AG O.N. chart shows a strongly bullish trend. 89.29% 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 58.94 | 60.09 | 61.30 | 61.62 | 62.84 | 63.74 | 68.39 |
| Change (%) | -4.35% | -2.48% | -0.52% | - | +1.98% | +3.44% | +10.99% |
| Change | -2.68 | -1.53 | -0.32 | - | +1.22 | +2.12 | +6.77 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 58.87 | 59.49 | 60.29 | 60.91 | 61.71 | 62.33 | 63.13 |
| Camarilla | 60.69 | 60.82 | 60.95 | 61.08 | 61.21 | 61.34 | 61.47 |
| Woodie | 58.95 | 59.54 | 60.37 | 60.96 | 61.79 | 62.38 | 63.21 |
| Fibonacci | 59.49 | 60.04 | 60.37 | 60.91 | 61.46 | 61.79 | 62.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.93 | 57.67 | 59.37 | 61.11 | 62.81 | 64.55 | 66.25 |
| Camarilla | 60.13 | 60.45 | 60.77 | 61.08 | 61.40 | 61.71 | 62.03 |
| Woodie | 55.92 | 57.66 | 59.36 | 61.10 | 62.80 | 64.54 | 66.24 |
| Fibonacci | 57.67 | 58.98 | 59.79 | 61.11 | 62.42 | 63.23 | 64.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.73 | 47.11 | 54.09 | 58.47 | 65.45 | 69.83 | 76.81 |
| Camarilla | 57.96 | 59.00 | 60.04 | 61.08 | 62.12 | 63.16 | 64.20 |
| Woodie | 44.04 | 47.76 | 55.40 | 59.12 | 66.76 | 70.48 | 78.12 |
| Fibonacci | 47.11 | 51.45 | 54.13 | 58.47 | 62.81 | 65.49 | 69.83 |
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): | 59.19 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 3.21 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 61.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 60.62 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 60.55 | |
| Zig ZAG (10): | 61.58 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 89.04 | |
| TEMA (21): | 61.39 | |
| Williams %R (14): | -2.60 | |
| Chande Momentum Oscillator (20): | 0.92 | |
| Repulse (5,40,3): | 0.6500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.15 |
| MA7: | 61.03 | |
| MA20: | 59.75 | |
| MA50: | 57.92 | |
| MA100: | 59.15 | |
| MAexp7: | 61.40 | |
| MAexp20: | 61.25 | |
| MAexp50: | 61.04 | |
| MAexp100: | 60.50 | |
| Price / MA7: | +0.97% | |
| Price / MA20: | +3.13% | |
| Price / MA50: | +6.39% | |
| Price / MA100: | +4.18% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +0.95% | |
| Price / MAexp100: | +1.85% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on CONTINENTAL AG O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: Continental AG: Continental Significantly Increases Earnings in Second Quarter
- EQS-News: Continental AG: Continental to Evaluate Making Automotive an Independent Company and to Prepare Spin-off
- EQS-Adhoc: Continental AG: Continental evaluates spin-off of Automotive group sector and prepares implementation
- EQS-News: Continental AG: After a Weak Start: Continental Confirms Its Full-year Outlook
- EQS-Adhoc: Continental AG: Continental Releases Preliminary Figures for First Quarter 2024 – Sales and Adjusted EBIT Margin as well as Adjusted Free Cash Flow Below Market Expectation
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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