BASF SE NA O.N.
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. - 1H - Technical analysis published on 10/20/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

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:
15 min. Daily Weekly

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

Central Records

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:

Central Indicators

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard40.40040.80041.11541.51541.83042.23042.545
Camarilla41.23341.29941.36541.43041.49641.56141.627
Woodie40.35840.77941.07341.49441.78842.20942.503
Fibonacci40.80041.07341.24241.51541.78841.95742.230


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard38.16739.32340.68241.83843.19744.35345.712
Camarilla41.34841.57941.81042.04042.27142.50142.732
Woodie38.26839.37440.78341.88943.29844.40445.813
Fibonacci39.32340.28440.87841.83842.79943.39344.353


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard34.65838.11740.53343.99246.40849.86752.283
Camarilla41.33441.87342.41242.95043.48944.02744.566
Woodie34.13837.85640.01343.73145.88849.60651.763
Fibonacci38.11740.36141.74743.99246.23647.62249.867

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 : - 15 min delayed data - Germany Stocks

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

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