FUCHS SEVZO NA O.N. - Daily - Technical analysis published on 10/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 34.03 EUR
My targets
31.79 EUR (-2.36%)
30.62 EUR (-5.96%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FUCHS PETROL.SE VZO O.N. as long as the price remains well below 34.03 EUR. The sellers” bearish objective is set at 31.79 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 30.62 EUR. In case of crossing, the next objective would be the support located at 26.75 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
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 FUCHS PETROL.SE VZO O.N. rating is 32.56 EUR. On the day, this instrument gained +1.88% and was traded between 31.72 EUR and 32.64 EUR over the period. The price is currently at +2.65% from its lowest and -0.25% from its highest.31.72
32.64
32.56
Here is a more detailed summary of the historical variations registered by FUCHS PETROL.SE VZO O.N.:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FUCHS PETROL.SE VZO O.N. chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned 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
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.75 | 30.62 | 31.79 | 32.56 | 34.03 | 36.58 | 39.46 |
| Change (%) | -17.84% | -5.96% | -2.36% | - | +4.51% | +12.35% | +21.19% |
| Change | -5.81 | -1.94 | -0.77 | - | +1.47 | +4.02 | +6.90 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.03 | 30.87 | 31.41 | 32.25 | 32.79 | 33.63 | 34.17 |
| Camarilla | 31.58 | 31.71 | 31.83 | 31.96 | 32.09 | 32.21 | 32.34 |
| Woodie | 29.89 | 30.80 | 31.27 | 32.18 | 32.65 | 33.56 | 34.03 |
| Fibonacci | 30.87 | 31.39 | 31.72 | 32.25 | 32.77 | 33.10 | 33.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.93 | 29.73 | 31.13 | 32.93 | 34.33 | 36.13 | 37.53 |
| Camarilla | 31.64 | 31.93 | 32.23 | 32.52 | 32.81 | 33.11 | 33.40 |
| Woodie | 27.72 | 29.63 | 30.92 | 32.83 | 34.12 | 36.03 | 37.32 |
| Fibonacci | 29.73 | 30.96 | 31.71 | 32.93 | 34.16 | 34.91 | 36.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.81 | 29.61 | 32.03 | 33.83 | 36.25 | 38.05 | 40.47 |
| Camarilla | 33.30 | 33.69 | 34.07 | 34.46 | 34.85 | 35.23 | 35.62 |
| Woodie | 28.13 | 29.77 | 32.35 | 33.99 | 36.57 | 38.21 | 40.79 |
| Fibonacci | 29.61 | 31.22 | 32.22 | 33.83 | 35.44 | 36.44 | 38.05 |
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): | 45.55 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -10.80 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 33.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.03 | |
| Elder Ray (13): | -0.87 | |
| Super Trend (3,10): | 35.08 | |
| Zig ZAG (10): | 32.56 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 26.27 | |
| TEMA (21): | 32.79 | |
| Williams %R (14): | -68.90 | |
| Chande Momentum Oscillator (20): | -1.62 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 10.76 |
| MA7: | 32.84 | |
| MA20: | 33.78 | |
| MA50: | 32.81 | |
| MA100: | 34.03 | |
| MAexp7: | 32.73 | |
| MAexp20: | 33.17 | |
| MAexp50: | 33.40 | |
| MAexp100: | 34.25 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | -3.61% | |
| Price / MA50: | -0.76% | |
| Price / MA100: | -4.32% | |
| Price / MAexp7: | -0.52% | |
| Price / MAexp20: | -1.84% | |
| Price / MAexp50: | -2.51% | |
| Price / MAexp100: | -4.93% |
News
Don"t forget to follow the news on FUCHS PETROL.SE VZO O.N.. At the time of publication of this analysis, the latest news was as follows:
- DGAP-News: FUCHS becomes official lubricants partner of the DMG MORI Qualified Products Program (DMQP)
- DGAP-News: FUCHS opens new plant in Izmir, Turkey
- DGAP-News: FUCHS posts slight decrease in sales revenues of 1% and decline in earnings of 19% in the first half of the year - investment initiative will be continued
- DGAP-Adhoc: FUCHS PETROLUB with decline in sales and earnings in the first half of 2019 - Recovery in the second half of 2019 not visible
- DGAP-News: FUCHS generates sales revenues on the level of the previous year in the first quarter - growth initiative results in costs increasing as planned
This member declared not having a position on this financial instrument or a related financial instrument.
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