BASF SE NA O.N. - 1H - Technical analysis published on 10/20/2023 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 42.437 EUR
My targets
40.480 EUR (-1.88%)
37.606 EUR (-8.84%)
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 42.437 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 40.480 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 37.606 EUR as an objective. Crossing it would then enable sellers to target 30.253 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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Additional analysis
Quotes
The BASF SE NA O.N. rating is 41.255 EUR. The price registered a decrease of -0.42% on the session with the lowest point at 40.970 EUR and the highest point at 41.310 EUR. The deviation from the price is +0.70% for the low point and -0.13% for the high point.40.970
41.310
41.255
Here is a more detailed summary of the historical variations registered by BASF SE NA O.N.:
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 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 is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 30.253 | 37.606 | 40.480 | 41.255 | 41.380 | 42.437 | 43.397 |
| Change (%) | -26.67% | -8.84% | -1.88% | - | +0.30% | +2.87% | +5.19% |
| Change | -11.002 | -3.649 | -0.775 | - | +0.125 | +1.182 | +2.142 |
| Level | Major | Major | Minor | - | Major | Major | Major |
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 | 40.400 | 40.800 | 41.115 | 41.515 | 41.830 | 42.230 | 42.545 |
| Camarilla | 41.233 | 41.299 | 41.365 | 41.430 | 41.496 | 41.561 | 41.627 |
| Woodie | 40.358 | 40.779 | 41.073 | 41.494 | 41.788 | 42.209 | 42.503 |
| Fibonacci | 40.800 | 41.073 | 41.242 | 41.515 | 41.788 | 41.957 | 42.230 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.167 | 39.323 | 40.682 | 41.838 | 43.197 | 44.353 | 45.712 |
| Camarilla | 41.348 | 41.579 | 41.810 | 42.040 | 42.271 | 42.501 | 42.732 |
| Woodie | 38.268 | 39.374 | 40.783 | 41.889 | 43.298 | 44.404 | 45.813 |
| Fibonacci | 39.323 | 40.284 | 40.878 | 41.838 | 42.799 | 43.393 | 44.353 |
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): | 34.51 | |
| MACD (12,26,9): | -0.2240 | |
| Directional Movement: | -25.182 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 41.457 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.981 | |
| Elder Ray (13): | -0.493 | |
| Super Trend (3,10): | 41.933 | |
| Zig ZAG (10): | 41.300 | |
| VORTEX (21): | 0.8610 | |
| Stochastique (14,3,5): | 21.71 | |
| TEMA (21): | 41.321 | |
| Williams %R (14): | -77.73 | |
| Chande Momentum Oscillator (20): | -0.660 | |
| Repulse (5,40,3): | 0.1760 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0630 | |
| Courbe Coppock: | 3.18 |
| MA7: | 41.955 | |
| MA20: | 42.041 | |
| MA50: | 44.079 | |
| MA100: | 44.992 | |
| MAexp7: | 41.474 | |
| MAexp20: | 41.727 | |
| MAexp50: | 41.961 | |
| MAexp100: | 42.128 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | -1.87% | |
| Price / MA50: | -6.41% | |
| Price / MA100: | -8.31% | |
| Price / MAexp7: | -0.53% | |
| Price / MAexp20: | -1.13% | |
| Price / MAexp50: | -1.68% | |
| Price / MAexp100: | -2.07% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on BASF SE NA O.N. at the time of the analysis were as follows:
- eschbach and BASF to Present a Case for Asset Utilization at AVEVA WORLD 2023
- OMP Elevates BASF Petrochemical Business to Higher Levels of Supply Chain Planning Performance
- BASF executive Kristen Pforr inducted into Women in Manufacturing Hall of Fame
- Cheniere and BASF Sign Long-Term LNG Sale and Purchase Agreement
- EQS-Adhoc: BASF SE: BASF Group achieves Q2 2023 EBIT before special items in line with analyst consensus and adjusts 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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