VARTA AG O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	VAR1
ISIN:	DE000A0TGJ55

VARTA AG O.N. - Daily - Technical analysis published on 08/11/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

50%

28%

22%

My opinion

Bullish above 20.582 EUR

My targets

22.026 EUR (+4.29%)

25.370 EUR (+20.12%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade VARTA AG O.N. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 20.582 EUR. The buyers' bullish objective is set at 22.026 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.370 EUR. If there is any crossing, the next objective would be the resistance located at 27.791 EUR. If there is a bearish break in the support located at 20.582 EUR some indecision would arise.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

2.5

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 VARTA AG O.N. rating is 21.120 EUR. The price registered an increase of +9.71% on the session with the lowest point at 19.605 EUR and the highest point at 21.750 EUR. The deviation from the price is +7.73% for the low point and -2.90% for the high point.

19.605

21.750

21.120

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by VARTA AG O.N.:

Technical

Technical analysis of VARTA AG O.N. in Daily shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 4 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	14.035	18.908	21.120	22.026	25.370	27.791
Change (%)	-33.55%	-10.47%	-	+4.29%	+20.12%	+31.59%
Change	-7.085	-2.212	-	+0.906	+4.250	+6.671
Level	Major	Intermediate	-	Intermediate	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.973	18.337	18.793	19.157	19.613	19.977	20.433
Camarilla	19.025	19.100	19.175	19.250	19.325	19.400	19.476
Woodie	18.020	18.360	18.840	19.180	19.660	20.000	20.480
Fibonacci	18.337	18.650	18.843	19.157	19.470	19.663	19.977

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.888	18.017	18.653	19.782	20.418	21.547	22.183
Camarilla	18.805	18.966	19.128	19.290	19.452	19.614	19.775
Woodie	16.643	17.894	18.408	19.659	20.173	21.424	21.938
Fibonacci	18.017	18.691	19.107	19.782	20.456	20.872	21.547

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.758	15.357	17.983	20.582	23.208	25.807	28.433
Camarilla	19.173	19.652	20.131	20.610	21.089	21.568	22.047
Woodie	12.773	15.364	17.998	20.589	23.223	25.814	28.448
Fibonacci	15.357	17.353	18.586	20.582	22.578	23.811	25.807

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):	57.58
MACD (12,26,9):	-0.1080
Directional Movement:	7.764
AROON (14):	-71.428
DEMA (21):	20.099
Parabolic SAR (0,02-0,02-0,2):	18.215
Elder Ray (13):	0.710
Super Trend (3,10):	21.269
Zig ZAG (10):	21.220
VORTEX (21):	0.8880
Stochastique (14,3,5):	29.20
TEMA (21):	19.663
Williams %R (14):	-37.06
Chande Momentum Oscillator (20):	-0.090
Repulse (5,40,3):	8.3780
ROCnROLL:	1
TRIX (15,9):	0.1310
Courbe Coppock:	22.04

MA7:	19.371
MA20:	20.723
MA50:	19.199
MA100:	20.333
MAexp7:	19.795
MAexp20:	20.054
MAexp50:	19.978
MAexp100:	21.480
Price / MA7:	+9.03%
Price / MA20:	+1.92%
Price / MA50:	+10.01%
Price / MA100:	+3.87%
Price / MAexp7:	+6.69%
Price / MAexp20:	+5.32%
Price / MAexp50:	+5.72%
Price / MAexp100:	-1.68%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on VARTA AG O.N. 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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