LANXESS AG

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	LXS
ISIN:	DE0005470405

LANXESS AG - 1H - Technical analysis published on 07/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 24.97 EUR

My targets

26.70 EUR (+2.69%)

28.81 EUR (+10.81%)

My analysis

LANXESS AG is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 24.97 EUR. The next resistance located at 26.70 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 28.81 EUR. After this resistance, buyers could then target 30.77 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

Comment on the analysis

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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Additional analysis

Quotes

The LANXESS AG price is 26.00 EUR. On the day, this instrument gained +16.33% and was traded between 22.27 EUR and 27.29 EUR over the period. The price is currently at +16.75% from its lowest and -4.73% from its highest.

22.27

27.29

26.00

Here is a more detailed summary of the historical variations registered by LANXESS AG:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of LANXESS AG indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.23	24.18	24.97	26.00	26.70	28.81	30.77
Change (%)	-10.65%	-7.00%	-3.96%	-	+2.69%	+10.81%	+18.35%
Change	-2.77	-1.82	-1.03	-	+0.70	+2.81	+4.77
Level	Minor	Minor	Intermediate	-	Minor	Intermediate	Intermediate

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	21.67	21.91	22.13	22.37	22.59	22.83	23.05
Camarilla	22.22	22.27	22.31	22.35	22.39	22.43	22.48
Woodie	21.66	21.91	22.12	22.37	22.58	22.83	23.04
Fibonacci	21.91	22.09	22.19	22.37	22.55	22.65	22.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.36	21.24	22.12	23.00	23.88	24.76	25.64
Camarilla	22.53	22.69	22.85	23.01	23.17	23.33	23.49
Woodie	20.37	21.24	22.13	23.00	23.89	24.76	25.65
Fibonacci	21.24	21.91	22.32	23.00	23.67	24.08	24.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.35	19.35	21.17	23.17	24.99	26.99	28.81
Camarilla	21.93	22.28	22.63	22.98	23.33	23.68	24.03
Woodie	17.25	19.31	21.07	23.13	24.89	26.95	28.71
Fibonacci	19.35	20.81	21.71	23.17	24.63	25.53	26.99

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):	83.64
MACD (12,26,9):	0.7700
Directional Movement:	50.99
AROON (14):	57.14
DEMA (21):	24.55
Parabolic SAR (0,02-0,02-0,2):	23.40
Elder Ray (13):	1.81
Super Trend (3,10):	24.45
Zig ZAG (10):	26.00
VORTEX (21):	1.3400
Stochastique (14,3,5):	75.10
TEMA (21):	25.28
Williams %R (14):	-25.10
Chande Momentum Oscillator (20):	3.79
Repulse (5,40,3):	2.8200
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	21.29

MA7:	23.17
MA20:	23.07
MA50:	24.03
MA100:	24.85
MAexp7:	25.00
MAexp20:	23.75
MAexp50:	23.20
MAexp100:	23.07
Price / MA7:	+12.21%
Price / MA20:	+12.70%
Price / MA50:	+8.20%
Price / MA100:	+4.63%
Price / MAexp7:	+4.00%
Price / MAexp20:	+9.47%
Price / MAexp50:	+12.07%
Price / MAexp100:	+12.70%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on LANXESS AG at the time of the analysis were as follows:

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

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