LANXESS AG - 1H - Technical analysis published on 08/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 23.75 EUR
My targets
24.47 EUR (+2.04%)
24.97 EUR (+4.13%)
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 23.75 EUR. The next resistance located at 24.47 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 24.97 EUR. After this resistance, buyers could then target 26.00 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
The LANXESS AG rating is 23.98 EUR. On the day, this instrument gained +2.70% and was between 23.44 EUR and 24.08 EUR. This implies that the price is at +2.30% from its lowest and at -0.42% from its highest.23.44
24.08
23.98
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of LANXESS AG indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
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:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.54 | 22.84 | 23.75 | 23.98 | 24.47 | 24.97 | 26.00 |
| Change (%) | -10.18% | -4.75% | -0.96% | - | +2.04% | +4.13% | +8.42% |
| Change | -2.44 | -1.14 | -0.23 | - | +0.49 | +0.99 | +2.02 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.28 | 22.52 | 22.93 | 23.17 | 23.58 | 23.82 | 24.23 |
| Camarilla | 23.17 | 23.23 | 23.29 | 23.35 | 23.41 | 23.47 | 23.53 |
| Woodie | 22.38 | 22.56 | 23.03 | 23.21 | 23.68 | 23.86 | 24.33 |
| Fibonacci | 22.52 | 22.77 | 22.92 | 23.17 | 23.42 | 23.57 | 23.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.23 | 20.12 | 21.59 | 22.48 | 23.95 | 24.84 | 26.31 |
| Camarilla | 22.42 | 22.64 | 22.85 | 23.07 | 23.29 | 23.50 | 23.72 |
| Woodie | 19.53 | 20.27 | 21.89 | 22.63 | 24.25 | 24.99 | 26.61 |
| Fibonacci | 20.12 | 21.02 | 21.58 | 22.48 | 23.38 | 23.94 | 24.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.58 | 19.35 | 21.76 | 24.53 | 26.94 | 29.71 | 32.12 |
| Camarilla | 22.76 | 23.23 | 23.71 | 24.18 | 24.66 | 25.13 | 25.61 |
| Woodie | 16.41 | 19.26 | 21.59 | 24.44 | 26.77 | 29.62 | 31.95 |
| Fibonacci | 19.35 | 21.33 | 22.55 | 24.53 | 26.51 | 27.73 | 29.71 |
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): | 77.76 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 36.14 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 23.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.27 | |
| Elder Ray (13): | 0.60 | |
| Super Trend (3,10): | 23.42 | |
| Zig ZAG (10): | 24.07 | |
| VORTEX (21): | 1.3900 | |
| Stochastique (14,3,5): | 97.00 | |
| TEMA (21): | 23.85 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1.19 | |
| Repulse (5,40,3): | 1.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 7.73 |
| MA7: | 22.89 | |
| MA20: | 23.58 | |
| MA50: | 23.23 | |
| MA100: | 24.71 | |
| MAexp7: | 23.67 | |
| MAexp20: | 23.24 | |
| MAexp50: | 22.88 | |
| MAexp100: | 22.90 | |
| Price / MA7: | +4.76% | |
| Price / MA20: | +1.70% | |
| Price / MA50: | +3.23% | |
| Price / MA100: | -2.95% | |
| Price / MAexp7: | +1.31% | |
| Price / MAexp20: | +3.18% | |
| Price / MAexp50: | +4.81% | |
| Price / MAexp100: | +4.72% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on LANXESS AG at the time of the analysis were as follows:
- EQS-Adhoc: LANXESS Aktiengesellschaft: EBITDA pre exceptionals for second quarter 2024 significantly above market expectations
- 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
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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