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METRO AG ST O.N.
METRO AG ST O.N.
- EUR (-)
- 15 min delayed data - Germany Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: B4B
ISIN: DE000BFB0019

METRO AG ST O.N. - 1H - Technical analysis published on 02/20/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5.135 EUR
My targets
5.434 EUR (+2.53%)
5.841 EUR (+10.21%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for METRO AG ST O.N. as long as the price remains well above 5.135 EUR. The buyers' bullish objective is set at 5.434 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.841 EUR. If there is any crossing, the next objective would be the resistance located at 6.203 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 5.434 EUR. On this resistance, against the trend traders who would like to go short on METRO AG ST O.N. with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.2

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.

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Daily Weekly

Additional analysis

Quotes

The METRO AG ST O.N. price is 5.300 EUR. On the day, this instrument gained +5.79% and was between 4.988 EUR and 5.330 EUR. This implies that the price is at +6.26% from its lowest and at -0.56% from its highest.

4.988
5.330
5.300

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 results:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


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 1H of this METRO AG ST O.N. chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 4.956 5.300 5.434 5.841 6.203
Change (%) -6.49% - +2.53% +10.21% +17.04%
Change -0.344 - +0.134 +0.541 +0.903
Level Intermediate - Minor Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.8774.9234.9675.0135.0575.1035.147
Camarilla4.9854.9945.0025.0105.0185.0275.035
Woodie4.8754.9234.9655.0135.0555.1035.145
Fibonacci4.9234.9584.9795.0135.0485.0695.103


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.3474.6514.8315.1355.3155.6195.799
Camarilla4.8774.9214.9665.0105.0545.0995.143
Woodie4.2844.6204.7685.1045.2525.5885.736
Fibonacci4.6514.8364.9505.1355.3205.4345.619


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.7475.9586.1076.3186.4676.6786.827
Camarilla6.1566.1896.2226.2556.2886.3216.354
Woodie5.7155.9436.0756.3036.4356.6636.795
Fibonacci5.9586.0966.1816.3186.4566.5416.678

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): 69.28
MACD (12,26,9): 0.0140
Directional Movement: 31.692
AROON (14): 57.143
DEMA (21): 5.082
Parabolic SAR (0,02-0,02-0,2): 4.986
Elder Ray (13): 0.194
Super Trend (3,10): 5.118
Zig ZAG (10): 5.270
VORTEX (21): 1.2500
Stochastique (14,3,5): 95.24
TEMA (21): 5.161
Williams %R (14): -14.29
Chande Momentum Oscillator (20): 0.260
Repulse (5,40,3): 3.6850
ROCnROLL: 1
TRIX (15,9): -0.0730
Courbe Coppock: 4.76
MA7: 5.156
MA20: 5.813
MA50: 6.072
MA100: 6.139
MAexp7: 5.149
MAexp20: 5.086
MAexp50: 5.184
MAexp100: 5.430
Price / MA7: +2.79%
Price / MA20: -8.83%
Price / MA50: -12.71%
Price / MA100: -13.67%
Price / MAexp7: +2.93%
Price / MAexp20: +4.21%
Price / MAexp50: +2.24%
Price / MAexp100: -2.39%

Quotes : - 15 min delayed data - Germany Stocks

News


Don't forget to follow the news on METRO AG ST O.N.. At the time of publication of this analysis, the latest news was as follows:

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

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