EVONIK INDUSTRIES NA O.N. - Daily - Technical analysis published on 09/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 23.35 EUR
My targets
21.66 EUR (-1.72%)
My analysis
EVONIK INDUSTRIES NA O.N. 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 23.35 EUR. The next support located at 21.66 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. 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
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EVONIK INDUSTRIES NA O.N. price is 22.04 EUR. On the day, this instrument lost -1.39% and was traded between 22.04 EUR and 22.45 EUR over the period. The price is currently at 0% from its lowest and -1.83% from its highest.22.04
22.45
22.04
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EVONIK INDUSTRIES NA O.N.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EVONIK INDUSTRIES NA O.N. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 21.66 | 22.04 | 23.35 | 23.94 | 24.92 |
| Change (%) | -1.72% | - | +5.94% | +8.62% | +13.07% |
| Change | -0.38 | - | +1.31 | +1.90 | +2.88 |
| Level | Major | - | Intermediate | Major | Minor |
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 | 21.19 | 21.66 | 22.01 | 22.48 | 22.83 | 23.30 | 23.65 |
| Camarilla | 22.12 | 22.20 | 22.28 | 22.35 | 22.43 | 22.50 | 22.58 |
| Woodie | 21.12 | 21.63 | 21.94 | 22.45 | 22.76 | 23.27 | 23.58 |
| Fibonacci | 21.66 | 21.98 | 22.17 | 22.48 | 22.80 | 22.99 | 23.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.80 | 21.78 | 22.40 | 23.38 | 24.00 | 24.98 | 25.60 |
| Camarilla | 22.57 | 22.72 | 22.86 | 23.01 | 23.16 | 23.30 | 23.45 |
| Woodie | 20.61 | 21.69 | 22.21 | 23.29 | 23.81 | 24.89 | 25.41 |
| Fibonacci | 21.78 | 22.40 | 22.77 | 23.38 | 24.00 | 24.37 | 24.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.58 | 18.81 | 20.99 | 23.22 | 25.40 | 27.63 | 29.81 |
| Camarilla | 21.97 | 22.37 | 22.78 | 23.18 | 23.58 | 23.99 | 24.39 |
| Woodie | 16.57 | 18.80 | 20.98 | 23.21 | 25.39 | 27.62 | 29.80 |
| Fibonacci | 18.81 | 20.49 | 21.53 | 23.22 | 24.90 | 25.94 | 27.63 |
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): | 34.51 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -16.20 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 22.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.10 | |
| Elder Ray (13): | -0.83 | |
| Super Trend (3,10): | 23.79 | |
| Zig ZAG (10): | 22.04 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 8.09 | |
| TEMA (21): | 23.05 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -1.44 | |
| Repulse (5,40,3): | -5.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.35 |
| MA7: | 22.97 | |
| MA20: | 23.29 | |
| MA50: | 23.57 | |
| MA100: | 24.17 | |
| MAexp7: | 22.84 | |
| MAexp20: | 23.14 | |
| MAexp50: | 23.48 | |
| MAexp100: | 23.87 | |
| Price / MA7: | -4.05% | |
| Price / MA20: | -5.37% | |
| Price / MA50: | -6.49% | |
| Price / MA100: | -8.81% | |
| Price / MAexp7: | -3.50% | |
| Price / MAexp20: | -4.75% | |
| Price / MAexp50: | -6.13% | |
| Price / MAexp100: | -7.67% |
News
Don"t forget to follow the news on EVONIK INDUSTRIES NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- DGAP-News: Evonik Industries AG: Evonik sticks to full-year outlook despite cooling economy
- DGAP-News: Evonik Industries AG: Evonik made a solid start to 2019
- DGAP-News: Evonik Industries AG: Evonik more robust as strategy takes effect
- DGAP-News: Evonik Industries AG: Evonik agrees to sell its Methacrylates business to Advent International for EUR3 billion
- DGAP-Adhoc: Evonik Industries AG: Evonik agrees to sell its Methacrylates business to Advent International for EUR3 billion
This member declared not having a position on this financial instrument or a related financial instrument.
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