LANXESS AG - 1H - Technical analysis published on 05/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 25.00 EUR
My targets
23.78 EUR (-3.95%)
22.83 EUR (-7.79%)
My analysis
The bearish trend is currently very strong for LANXESS AG. As long as the price remains below the resistance at 25.00 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 23.78 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 22.83 EUR as an objective. Crossing it would then enable sellers to target 21.63 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.5
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Additional analysis
Quotes
The LANXESS AG rating is 24.76 EUR. The price is lower by -0.60% since the last closing and was traded between 24.63 EUR and 25.07 EUR over the period. The price is currently at +0.53% from its lowest and -1.24% from its highest.24.63
25.07
24.76
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LANXESS AG in 1H shows a overall strongly bearish trend. 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, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.56 | 21.63 | 22.83 | 24.76 | 25.00 | 26.32 | 26.69 |
| Change (%) | -16.96% | -12.64% | -7.79% | - | +0.97% | +6.30% | +7.79% |
| Change | -4.20 | -3.13 | -1.93 | - | +0.24 | +1.56 | +1.93 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.93 | 24.41 | 24.66 | 25.14 | 25.39 | 25.87 | 26.12 |
| Camarilla | 24.71 | 24.78 | 24.84 | 24.91 | 24.98 | 25.04 | 25.11 |
| Woodie | 23.82 | 24.35 | 24.55 | 25.08 | 25.28 | 25.81 | 26.01 |
| Fibonacci | 24.41 | 24.69 | 24.86 | 25.14 | 25.42 | 25.59 | 25.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.76 | 23.78 | 24.59 | 25.61 | 26.42 | 27.44 | 28.25 |
| Camarilla | 24.89 | 25.06 | 25.22 | 25.39 | 25.56 | 25.73 | 25.89 |
| Woodie | 22.65 | 23.73 | 24.48 | 25.56 | 26.31 | 27.39 | 28.14 |
| Fibonacci | 23.78 | 24.48 | 24.91 | 25.61 | 26.31 | 26.74 | 27.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.79 | 22.84 | 24.69 | 26.74 | 28.59 | 30.64 | 32.49 |
| Camarilla | 25.46 | 25.82 | 26.17 | 26.53 | 26.89 | 27.25 | 27.60 |
| Woodie | 20.68 | 22.79 | 24.58 | 26.69 | 28.48 | 30.59 | 32.38 |
| Fibonacci | 22.84 | 24.33 | 25.25 | 26.74 | 28.23 | 29.15 | 30.64 |
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): | 27.83 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -11.19 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 24.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.06 | |
| Elder Ray (13): | -0.26 | |
| Super Trend (3,10): | 25.29 | |
| Zig ZAG (10): | 24.80 | |
| VORTEX (21): | 0.6900 | |
| Stochastique (14,3,5): | 10.24 | |
| TEMA (21): | 24.72 | |
| Williams %R (14): | -81.32 | |
| Chande Momentum Oscillator (20): | -0.48 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 5.57 |
| MA7: | 25.21 | |
| MA20: | 26.45 | |
| MA50: | 26.32 | |
| MA100: | 25.68 | |
| MAexp7: | 24.85 | |
| MAexp20: | 25.07 | |
| MAexp50: | 25.31 | |
| MAexp100: | 25.67 | |
| Price / MA7: | -1.79% | |
| Price / MA20: | -6.39% | |
| Price / MA50: | -5.93% | |
| Price / MA100: | -3.58% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -2.17% | |
| Price / MAexp100: | -3.54% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
Don't forget to follow the news on LANXESS AG. At the time of publication of this analysis, the latest news was as follows:
- EQS-Adhoc: LANXESS Aktiengesellschaft: Impairment of goodwill and adjustment of at-equity book value of minority interest in Envalior
- EQS-Adhoc: LANXESS Aktiengesellschaft: LANXESS adjusts expectations for FY 2023; Board of Management proposes dividend reduction
- EQS-Adhoc: LANXESS Aktiengesellschaft: Results for Q2 and FY 2023 estimated below market expectations
- LANXESS Selects Emerson for Advanced Automation Technology
- DGAP-Adhoc: LANXESS Aktiengesellschaft: LANXESS and Advent establish a leading global joint venture for high-performance plastics
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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