FABASOFT AG

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	FAA
ISIN:	AT0000785407

FABASOFT AG - Daily - Technical analysis published on 08/11/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

39%

33%

28%

My opinion

Bullish above 17.74 EUR

My targets

20.19 EUR (+9.14%)

22.01 EUR (+18.97%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade FABASOFT AG with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 17.74 EUR. The buyers' bullish objective is set at 20.19 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 22.01 EUR. If there is any crossing, the next objective would be the resistance located at 27.79 EUR. If there is a bearish break in the support located at 17.74 EUR some indecision would arise.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

1.6

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.

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Additional analysis

Quotes

The FABASOFT AG price is 18.50 EUR. The price registered an increase of +6.63% on the session with the lowest point at 18.20 EUR and the highest point at 18.50 EUR. The deviation from the price is +1.65% for the low point and 0% for the high point.

18.20

18.50

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FABASOFT AG:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of FABASOFT AG in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. 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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

White morning star

Type : Bullish

Timeframe : Daily

Upside gap

Type : Bullish

Timeframe : Daily

Abandoned baby morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.12	17.09	17.74	18.50	18.73	20.19	22.01
Change (%)	-18.27%	-7.62%	-4.11%	-	+1.24%	+9.14%	+18.97%
Change	-3.38	-1.41	-0.76	-	+0.23	+1.69	+3.51
Level	Minor	Intermediate	Minor	-	Intermediate	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	17.27	17.28	17.32	17.33	17.37	17.38	17.42
Camarilla	17.34	17.34	17.35	17.35	17.36	17.36	17.36
Woodie	17.28	17.29	17.33	17.34	17.38	17.39	17.43
Fibonacci	17.28	17.30	17.31	17.33	17.35	17.36	17.38

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.12	16.78	17.37	18.03	18.62	19.28	19.87
Camarilla	17.61	17.72	17.84	17.95	18.07	18.18	18.29
Woodie	16.08	16.76	17.33	18.01	18.58	19.26	19.83
Fibonacci	16.78	17.26	17.56	18.03	18.51	18.81	19.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.35	15.72	17.04	18.41	19.73	21.10	22.42
Camarilla	17.61	17.86	18.10	18.35	18.60	18.84	19.09
Woodie	14.32	15.71	17.01	18.40	19.70	21.09	22.39
Fibonacci	15.72	16.75	17.39	18.41	19.44	20.08	21.10

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):	44.92
MACD (12,26,9):	-0.0900
Directional Movement:	-0.49
AROON (14):	21.43
DEMA (21):	17.71
Parabolic SAR (0,02-0,02-0,2):	19.09
Elder Ray (13):	-0.38
Super Trend (3,10):	16.98
Zig ZAG (10):	17.35
VORTEX (21):	0.8500
Stochastique (14,3,5):	30.63
TEMA (21):	17.62
Williams %R (14):	-37.84
Chande Momentum Oscillator (20):	0.25
Repulse (5,40,3):	-2.6100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.70

MA7:	17.60
MA20:	17.80
MA50:	17.79
MA100:	17.11
MAexp7:	17.73
MAexp20:	17.77
MAexp50:	17.67
MAexp100:	17.70
Price / MA7:	+5.11%
Price / MA20:	+3.93%
Price / MA50:	+3.99%
Price / MA100:	+8.12%
Price / MAexp7:	+4.34%
Price / MAexp20:	+4.11%
Price / MAexp50:	+4.70%
Price / MAexp100:	+4.52%

Quotes : - 15 min delayed data - Germany Stocks

News

Don't forget to follow the news on FABASOFT AG. At the time of publication of this analysis, the latest news was as follows:

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

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