FREENET AG NA O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	FNTN
ISIN:	DE000A0Z2ZZ5

FREENET AG NA O.N. - Daily - Technical analysis published on 10/09/2023 (GMT)

176
0
10/09/2023 - 07:20
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Timeframe : Daily
- Analysis generated on 10/09/2023 - 07:20
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 21.46 EUR

My targets

23.50 EUR (+4.35%)

24.64 EUR (+9.41%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade FREENET AG NA O.N. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 21.46 EUR. The buyers' bullish objective is set at 23.50 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.64 EUR. If there is any crossing, the next objective would be the resistance located at 26.78 EUR. If there is a bearish break in the support located at 21.46 EUR some indecision would arise.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.3

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

FREENET AG NA O.N. rating 22.52 EUR. The price has increased by +0.00% since the last closing and was between 22.46 EUR and 22.52 EUR. This implies that the price is at +0.27% from its lowest and at 0% from its highest.

22.46

22.52

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this FREENET AG NA O.N. chart shows a 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. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

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 resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.53	20.81	21.46	22.52	22.78	23.50	24.64
Change (%)	-17.72%	-7.59%	-4.71%	-	+1.15%	+4.35%	+9.41%
Change	-3.99	-1.71	-1.06	-	+0.26	+0.98	+2.12
Level	Major	Major	Major	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.05	22.19	22.35	22.49	22.65	22.79	22.95
Camarilla	22.44	22.47	22.49	22.52	22.55	22.58	22.60
Woodie	22.07	22.20	22.37	22.50	22.67	22.80	22.97
Fibonacci	22.19	22.30	22.37	22.49	22.60	22.67	22.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.32	21.60	22.06	22.34	22.80	23.08	23.54
Camarilla	22.32	22.38	22.45	22.52	22.59	22.66	22.72
Woodie	21.41	21.65	22.15	22.39	22.89	23.13	23.63
Fibonacci	21.60	21.88	22.06	22.34	22.62	22.80	23.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.15	20.83	21.51	22.19	22.87	23.55	24.23
Camarilla	21.81	21.93	22.06	22.18	22.31	22.43	22.55
Woodie	20.14	20.83	21.50	22.19	22.86	23.55	24.22
Fibonacci	20.83	21.35	21.67	22.19	22.71	23.03	23.55

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	56.93
MACD (12,26,9):	0.0500
Directional Movement:	4.61
AROON (14):	-35.71
DEMA (21):	22.27
Parabolic SAR (0,02-0,02-0,2):	21.52
Elder Ray (13):	0.24
Super Trend (3,10):	22.63
Zig ZAG (10):	22.52
VORTEX (21):	1.0000
Stochastique (14,3,5):	60.98
TEMA (21):	22.31
Williams %R (14):	-25.37
Chande Momentum Oscillator (20):	-0.26
Repulse (5,40,3):	1.6200
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	2.23

MA7:	22.24
MA20:	22.29
MA50:	21.96
MA100:	22.48
MAexp7:	22.28
MAexp20:	22.21
MAexp50:	22.21
MAexp100:	22.26
Price / MA7:	+1.26%
Price / MA20:	+1.03%
Price / MA50:	+2.55%
Price / MA100:	+0.18%
Price / MAexp7:	+1.08%
Price / MAexp20:	+1.40%
Price / MAexp50:	+1.40%
Price / MAexp100:	+1.17%

Quotes : 10/09/2023 - 07:04 - 15 min delayed data - Germany Stocks

News

The latest news and videos published on FREENET AG NA O.N. at the time of the analysis were as follows:

08/03/2023 - 16:04 EQS-News: freenet impresses in the 1st half of 2023: EBITDA, free cash flow and subscribers significantly above prior year
05/17/2023 - 12:32 EQS-News: freenet AG: Annual General Meeting resolves dividend of EUR 1.68 per share (previous year: EUR 1.57)
05/03/2023 - 16:00 EQS-News: freenet AG: freenet starts the 2023 financial year with a significant increase in EBITDA
03/24/2023 - 12:30 EQS-News: freenet confirms 2022 preliminary results, dividend proposal of 1.68 euros and 2023 guidance
02/22/2023 - 17:00 EQS-News: freenet AG: freenet continues to impress in financial year 2022 and proposes a dividend of 1.68 euros per share

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

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