FRESENIUS SE+CO.KGAA O.N. - Daily - Technical analysis published on 03/20/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 24.08 EUR
My targets
23.30 EUR (-1.60%)
22.53 EUR (-4.86%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FRESENIUS SE+CO.KGAA O.N. as long as the price remains well below 24.08 EUR. The sellers' bearish objective is set at 23.30 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 22.53 EUR. In case of crossing, the next objective would be the support located at 21.22 EUR.
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
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FRESENIUS SE+CO.KGAA O.N. rating is 23.68 EUR. The price is lower by -0.04% since the last closing and was between 23.29 EUR and 23.78 EUR. This implies that the price is at +1.67% from its lowest and at -0.42% from its highest.23.29
23.78
23.68
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of FRESENIUS SE+CO.KGAA O.N. indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This 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.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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 a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.22 | 22.53 | 23.30 | 23.68 | 24.08 | 24.79 | 25.56 |
| Change (%) | -10.39% | -4.86% | -1.60% | - | +1.69% | +4.69% | +7.94% |
| Change | -2.46 | -1.15 | -0.38 | - | +0.40 | +1.11 | +1.88 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.57 | 22.96 | 23.33 | 23.72 | 24.09 | 24.48 | 24.85 |
| Camarilla | 23.48 | 23.55 | 23.62 | 23.69 | 23.76 | 23.83 | 23.90 |
| Woodie | 22.55 | 22.96 | 23.31 | 23.72 | 24.07 | 24.48 | 24.83 |
| Fibonacci | 22.96 | 23.25 | 23.43 | 23.72 | 24.01 | 24.19 | 24.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.48 | 22.91 | 23.30 | 23.73 | 24.12 | 24.55 | 24.94 |
| Camarilla | 23.47 | 23.54 | 23.62 | 23.69 | 23.77 | 23.84 | 23.92 |
| Woodie | 22.46 | 22.90 | 23.28 | 23.72 | 24.10 | 24.54 | 24.92 |
| Fibonacci | 22.91 | 23.22 | 23.42 | 23.73 | 24.04 | 24.24 | 24.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.74 | 23.27 | 24.65 | 27.18 | 28.56 | 31.09 | 32.47 |
| Camarilla | 24.96 | 25.31 | 25.67 | 26.03 | 26.39 | 26.75 | 27.11 |
| Woodie | 20.17 | 22.98 | 24.08 | 26.89 | 27.99 | 30.80 | 31.90 |
| Fibonacci | 23.27 | 24.76 | 25.69 | 27.18 | 28.67 | 29.60 | 31.09 |
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): | 29.50 | |
| MACD (12,26,9): | -0.9800 | |
| Directional Movement: | -19.62 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 23.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.22 | |
| Elder Ray (13): | -0.79 | |
| Super Trend (3,10): | 25.36 | |
| Zig ZAG (10): | 23.68 | |
| VORTEX (21): | 0.6600 | |
| Stochastique (14,3,5): | 12.74 | |
| TEMA (21): | 23.04 | |
| Williams %R (14): | -85.45 | |
| Chande Momentum Oscillator (20): | -1.27 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5000 | |
| Courbe Coppock: | 20.18 |
| MA7: | 23.77 | |
| MA20: | 25.01 | |
| MA50: | 26.71 | |
| MA100: | 26.11 | |
| MAexp7: | 23.86 | |
| MAexp20: | 24.86 | |
| MAexp50: | 25.86 | |
| MAexp100: | 26.07 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -5.32% | |
| Price / MA50: | -11.34% | |
| Price / MA100: | -9.31% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -4.75% | |
| Price / MAexp50: | -8.43% | |
| Price / MAexp100: | -9.17% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on FRESENIUS SE+CO.KGAA O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-Adhoc: Fresenius SE & Co. KGaA: Outlook 2023 – Fresenius advances with deconsolidation of Fresenius Medical Care by changing its legal form into a German stock corporation (Aktiengesellschaft)
- EQS-Adhoc: Fresenius SE & Co. KGaA: Fresenius SE & Co. KGaA confirms review of deconsolidation of Fresenius Medical Care through change of legal form into a stock corporation
- EQS-Adhoc: Helen Giza is the new CEO of Fresenius Medical Care; Dr. Carla Kriwet leaves the company
- EQS-Adhoc: Challenging macroeconomic environment impact Fresenius Medical Care and Fresenius Group earnings in FY/22; Fresenius SE & Co. KGaA Group guidance revised
- DGAP-Adhoc: Fresenius SE & Co. KGaA: Michael Sen to succeed Stephan Sturm as CEO of Fresenius
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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