TAG IMMOBILIEN AG - Daily - Technical analysis published on 11/25/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 6.877 EUR
My targets
5.735 EUR (-6.44%)
5.103 EUR (-16.75%)
My analysis
TAG IMMOBILIEN AG is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.877 EUR. The next support located at 5.735 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.103 EUR. Below this support, sellers could then target 0.895 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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Additional analysis
Quotes
TAG IMMOBILIEN AG rating 6.130 EUR. On the day, this instrument gained +2.51% and was traded between 5.920 EUR and 6.220 EUR over the period. The price is currently at +3.55% from its lowest and -1.45% from its highest.5.920
6.220
6.130
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on TAG IMMOBILIEN AG were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of TAG IMMOBILIEN AG indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.895 | 5.735 | 6.130 | 7.673 | 11.270 | 14.586 |
| Change (%) | -85.40% | -6.44% | - | +25.17% | +83.85% | +137.94% |
| Change | -5.235 | -0.395 | - | +1.543 | +5.140 | +8.456 |
| Level | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.453 | 5.667 | 5.823 | 6.037 | 6.193 | 6.407 | 6.563 |
| Camarilla | 5.878 | 5.912 | 5.946 | 5.980 | 6.014 | 6.048 | 6.082 |
| Woodie | 5.425 | 5.653 | 5.795 | 6.023 | 6.165 | 6.393 | 6.535 |
| Fibonacci | 5.667 | 5.808 | 5.895 | 6.037 | 6.178 | 6.265 | 6.407 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.242 | 6.558 | 6.817 | 7.133 | 7.392 | 7.708 | 7.967 |
| Camarilla | 6.917 | 6.970 | 7.022 | 7.075 | 7.128 | 7.180 | 7.233 |
| Woodie | 6.213 | 6.544 | 6.788 | 7.119 | 7.363 | 7.694 | 7.938 |
| Fibonacci | 6.558 | 6.778 | 6.914 | 7.133 | 7.353 | 7.489 | 7.708 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.088 | 3.862 | 5.103 | 6.877 | 8.118 | 9.892 | 11.133 |
| Camarilla | 5.516 | 5.792 | 6.069 | 6.345 | 6.621 | 6.898 | 7.174 |
| Woodie | 1.823 | 3.729 | 4.838 | 6.744 | 7.853 | 9.759 | 10.868 |
| Fibonacci | 3.862 | 5.013 | 5.725 | 6.877 | 8.028 | 8.740 | 9.892 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.07 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -10.634 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 6.271 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.274 | |
| Elder Ray (13): | -0.373 | |
| Super Trend (3,10): | 7.078 | |
| Zig ZAG (10): | 6.140 | |
| VORTEX (21): | 0.9110 | |
| Stochastique (14,3,5): | 21.69 | |
| TEMA (21): | 6.365 | |
| Williams %R (14): | -70.43 | |
| Chande Momentum Oscillator (20): | -0.330 | |
| Repulse (5,40,3): | -2.1790 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 1.57 |
| MA7: | 6.374 | |
| MA20: | 6.522 | |
| MA50: | 6.978 | |
| MA100: | 8.304 | |
| MAexp7: | 6.288 | |
| MAexp20: | 6.536 | |
| MAexp50: | 7.161 | |
| MAexp100: | 8.823 | |
| Price / MA7: | -3.83% | |
| Price / MA20: | -6.01% | |
| Price / MA50: | -12.15% | |
| Price / MA100: | -26.18% | |
| Price / MAexp7: | -2.51% | |
| Price / MAexp20: | -6.21% | |
| Price / MAexp50: | -14.40% | |
| Price / MAexp100: | -30.52% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on TAG IMMOBILIEN AG. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: Strong operational business performance in 9M 2022; extensive refinancing measures completed; dividend for 2022 to be suspended to strengthen capital and financing base
- EQS-Adhoc: TAG Immobilien AG: Suspension of the dividend for FY 2022 planned to further strengthen the capital and financing base
- DGAP-News: TAG Immobilien AG: Strong operating business performance in the second quarter of 2022 for TAG Immobilien AG across all metrics. LTV reduced below 45% through capital increase in July 2022
- DGAP-News: TAG Immobilien AG announces successful completion of capital increase
- DGAP-News: TAG Immobilien AG announces results of subscription offer
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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