GEA GROUP AG - 1H - Technical analysis published on 09/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 35.56 EUR
My targets
32.63 EUR (-6.16%)
30.90 EUR (-11.13%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GEA GROUP AG as long as the price remains well below 35.56 EUR. The sellers' bearish objective is set at 32.63 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 30.90 EUR. In case of crossing, the next objective would be the support located at 25.31 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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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 GEA GROUP AG price is 34.77 EUR. The price registered a decrease of -0.03% on the session with the lowest point at 34.52 EUR and the highest point at 34.96 EUR. The deviation from the price is +0.72% for the low point and -0.54% for the high point.34.52
34.96
34.77
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 1H chart of GEA GROUP AG indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 13.86 | 25.31 | 30.90 | 34.77 | 34.80 | 35.56 | 36.13 |
| Change (%) | -60.14% | -27.21% | -11.13% | - | +0.09% | +2.27% | +3.91% |
| Change | -20.91 | -9.46 | -3.87 | - | +0.03 | +0.79 | +1.36 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 34.32 | 34.49 | 34.64 | 34.81 | 34.96 | 35.13 | 35.28 |
| Camarilla | 34.69 | 34.72 | 34.75 | 34.78 | 34.81 | 34.84 | 34.87 |
| Woodie | 34.30 | 34.49 | 34.62 | 34.81 | 34.94 | 35.13 | 35.26 |
| Fibonacci | 34.49 | 34.62 | 34.69 | 34.81 | 34.94 | 35.01 | 35.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.63 | 33.68 | 34.52 | 35.57 | 36.41 | 37.46 | 38.30 |
| Camarilla | 34.83 | 35.00 | 35.18 | 35.35 | 35.52 | 35.70 | 35.87 |
| Woodie | 32.52 | 33.63 | 34.41 | 35.52 | 36.30 | 37.41 | 38.19 |
| Fibonacci | 33.68 | 34.41 | 34.85 | 35.57 | 36.30 | 36.74 | 37.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.31 | 32.57 | 34.48 | 36.74 | 38.65 | 40.91 | 42.82 |
| Camarilla | 35.25 | 35.64 | 36.02 | 36.40 | 36.78 | 37.17 | 37.55 |
| Woodie | 30.15 | 32.48 | 34.32 | 36.65 | 38.49 | 40.82 | 42.66 |
| Fibonacci | 32.57 | 34.16 | 35.14 | 36.74 | 38.33 | 39.31 | 40.91 |
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): | 42.16 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -7.89 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 34.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.82 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 35.09 | |
| Zig ZAG (10): | 34.77 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 44.68 | |
| TEMA (21): | 34.70 | |
| Williams %R (14): | -44.68 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.06 |
| MA7: | 35.11 | |
| MA20: | 35.86 | |
| MA50: | 36.49 | |
| MA100: | 37.61 | |
| MAexp7: | 34.74 | |
| MAexp20: | 34.83 | |
| MAexp50: | 35.08 | |
| MAexp100: | 35.40 | |
| Price / MA7: | -0.97% | |
| Price / MA20: | -3.04% | |
| Price / MA50: | -4.71% | |
| Price / MA100: | -7.55% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.88% | |
| Price / MAexp100: | -1.78% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
The last news published on GEA GROUP AG at the time of the generation of this analysis was as follows:
- EQS-News: GEA Supervisory Board appoints Bernd Brinker as interim CFO
- Carbon Capture: GEA solutions pave the way for decarbonizing the cement industry
- EQS-News: Andreas Renschler succeeds Jörg Kampmeyer on the Supervisory Board of GEA Group AG
- GEA partners with Unilever to improve sustainability on dairy farms
- EQS-News: GEA continues positive performance in second quarter of 2023 and makes major strides toward achieving its sutainability targets
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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