BASF SE NA O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BAS
ISIN:	DE000BASF111

BASF SE NA O.N. - Daily - Technical analysis published on 10/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 43.397 EUR

My targets

41.380 EUR (-2.12%)

37.606 EUR (-11.04%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BASF SE NA O.N. as long as the price remains well below 43.397 EUR. The sellers' bearish objective is set at 41.380 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 37.606 EUR. In case of crossing, the next objective would be the support located at 30.253 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.3

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

BASF SE NA O.N. rating 42.275 EUR. The price has increased by +3.26% since the last closing and was traded between 41.245 EUR and 42.410 EUR over the period. The price is currently at +2.50% from its lowest and -0.32% from its highest.

41.245

42.410

42.275

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BASF SE NA O.N. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% 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.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

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

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.253	37.606	41.380	42.275	43.397	47.719	49.364
Change (%)	-28.44%	-11.04%	-2.12%	-	+2.65%	+12.88%	+16.77%
Change	-12.022	-4.669	-0.895	-	+1.122	+5.444	+7.089
Level	Major	Major	Minor	-	Major	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	39.653	40.067	40.503	40.917	41.353	41.767	42.203
Camarilla	40.706	40.784	40.862	40.940	41.018	41.096	41.174
Woodie	39.665	40.073	40.515	40.923	41.365	41.773	42.215
Fibonacci	40.067	40.391	40.592	40.917	41.241	41.442	41.767

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.700	39.950	40.885	42.135	43.070	44.320	45.255
Camarilla	41.219	41.419	41.620	41.820	42.020	42.221	42.421
Woodie	38.543	39.871	40.728	42.056	42.913	44.241	45.098
Fibonacci	39.950	40.785	41.300	42.135	42.970	43.485	44.320

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.658	38.117	40.533	43.992	46.408	49.867	52.283
Camarilla	41.334	41.873	42.412	42.950	43.489	44.027	44.566
Woodie	34.138	37.856	40.013	43.731	45.888	49.606	51.763
Fibonacci	38.117	40.361	41.747	43.992	46.236	47.622	49.867

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):	43.83
MACD (12,26,9):	-1.0140
Directional Movement:	-10.323
AROON (14):	-92.857
DEMA (21):	41.597
Parabolic SAR (0,02-0,02-0,2):	40.480
Elder Ray (13):	-0.534
Super Trend (3,10):	43.736
Zig ZAG (10):	42.375
VORTEX (21):	0.7430
Stochastique (14,3,5):	20.81
TEMA (21):	41.168
Williams %R (14):	-60.02
Chande Momentum Oscillator (20):	-0.685
Repulse (5,40,3):	3.5640
ROCnROLL:	-1
TRIX (15,9):	-0.3140
Courbe Coppock:	13.08

MA7:	41.701
MA20:	43.161
MA50:	44.881
MA100:	45.311
MAexp7:	41.885
MAexp20:	42.897
MAexp50:	44.243
MAexp100:	44.939
Price / MA7:	+1.38%
Price / MA20:	-2.05%
Price / MA50:	-5.81%
Price / MA100:	-6.70%
Price / MAexp7:	+0.93%
Price / MAexp20:	-1.45%
Price / MAexp50:	-4.45%
Price / MAexp100:	-5.93%

Quotes : - 15 min delayed data - 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:

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

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