BASF SE NA O.N. - 1H - Technical analysis published on 09/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 51.350 EUR
My targets
49.970 EUR (-1.28%)
46.838 EUR (-7.47%)
My analysis
The bearish trend is currently very strong for BASF SE NA O.N.. As long as the price remains below the resistance at 51.350 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 49.970 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 46.838 EUR as an objective. Crossing it would then enable sellers to target 43.660 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BASF SE NA O.N. price is 50.620 EUR. The price is lower by -6.59% since the last closing with the lowest point at 50.310 EUR and the highest point at 53.590 EUR. The deviation from the price is +0.62% for the low point and -5.54% for the high point.50.310
53.590
50.620
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BASF SE NA O.N. chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish 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.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 43.660 | 46.838 | 49.970 | 50.620 | 51.350 | 52.650 | 53.610 |
| Change (%) | -13.75% | -7.47% | -1.28% | - | +1.44% | +4.01% | +5.91% |
| Change | -6.960 | -3.782 | -0.650 | - | +0.730 | +2.030 | +2.990 |
| Level | Major | Major | Minor | - | Minor | 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 | 51.990 | 53.090 | 53.640 | 54.740 | 55.290 | 56.390 | 56.940 |
| Camarilla | 53.736 | 53.888 | 54.039 | 54.190 | 54.341 | 54.493 | 54.644 |
| Woodie | 51.715 | 52.953 | 53.365 | 54.603 | 55.015 | 56.253 | 56.665 |
| Fibonacci | 53.090 | 53.720 | 54.110 | 54.740 | 55.370 | 55.760 | 56.390 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.623 | 52.797 | 53.493 | 54.667 | 55.363 | 56.537 | 57.233 |
| Camarilla | 53.676 | 53.847 | 54.019 | 54.190 | 54.361 | 54.533 | 54.704 |
| Woodie | 51.385 | 52.678 | 53.255 | 54.548 | 55.125 | 56.418 | 56.995 |
| Fibonacci | 52.797 | 53.511 | 53.952 | 54.667 | 55.381 | 55.822 | 56.537 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.490 | 44.040 | 47.550 | 50.100 | 53.610 | 56.160 | 59.670 |
| Camarilla | 49.394 | 49.949 | 50.505 | 51.060 | 51.616 | 52.171 | 52.727 |
| Woodie | 41.970 | 44.280 | 48.030 | 50.340 | 54.090 | 56.400 | 60.150 |
| Fibonacci | 44.040 | 46.355 | 47.785 | 50.100 | 52.415 | 53.845 | 56.160 |
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): | 17.00 | |
| MACD (12,26,9): | -1.0200 | |
| Directional Movement: | -36.114 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 51.631 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.318 | |
| Elder Ray (13): | -1.667 | |
| Super Trend (3,10): | 52.209 | |
| Zig ZAG (10): | 50.620 | |
| VORTEX (21): | 0.6890 | |
| Stochastique (14,3,5): | 5.51 | |
| TEMA (21): | 50.879 | |
| Williams %R (14): | -93.80 | |
| Chande Momentum Oscillator (20): | -4.140 | |
| Repulse (5,40,3): | -1.4070 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1810 | |
| Courbe Coppock: | 12.76 |
| MA7: | 54.290 | |
| MA20: | 53.023 | |
| MA50: | 51.554 | |
| MA100: | 50.529 | |
| MAexp7: | 51.482 | |
| MAexp20: | 52.808 | |
| MAexp50: | 53.742 | |
| MAexp100: | 53.754 | |
| Price / MA7: | -6.76% | |
| Price / MA20: | -4.53% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | +0.18% | |
| Price / MAexp7: | -1.67% | |
| Price / MAexp20: | -4.14% | |
| Price / MAexp50: | -5.81% | |
| Price / MAexp100: | -5.83% |
Quotes :
2020-09-21 15:34:59
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15 min delayed data
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Germany Stocks
News
The last news published on BASF SE NA O.N. at the time of the generation of this analysis was as follows:
- BASF sponsors Emerging Leaders Program at GreenBiz’s Circularity 20 online event
- BASF named to Diversity Best Practices Inclusion Index
- BASF partners with The Estée Lauder Companies and Solidaridad to provide COVID-19 support to sustainable palm farmers in Indonesia
- DGAP-Adhoc: BASF SE: BASF Group: operating result in the second quarter of 2020 above market expectations; net income below market expectations due to impairment of shareholding in Wintershall Dea, mainly from oil and gas prices
- BASF ranks 14 on list of DiversityInc Top 50 Companies
This member declared not having a position on this financial instrument or a related financial instrument.
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