VARTA AG O.N. - 1H - Technical analysis published on 08/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 2.663 EUR
My targets
1.480 EUR (-23.63%)
1.453 EUR (-25.01%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VARTA AG O.N. as long as the price remains well below 2.663 EUR. The sellers' bearish objective is set at 1.480 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.453 EUR. In case of crossing, the next objective would be the support located at 0.760 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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Additional analysis
Quotes
VARTA AG O.N. rating 1.938 EUR. The price registered an increase of +5.33% on the session and was between 1.770 EUR and 1.941 EUR. This implies that the price is at +9.49% from its lowest and at -0.15% from its highest.1.770
1.941
1.938
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this VARTA AG O.N. chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.760 | 1.480 | 1.938 | 1.939 | 2.889 | 4.198 |
| Change (%) | -60.78% | -23.63% | - | +0.05% | +49.07% | +116.62% |
| Change | -1.178 | -0.458 | - | +0.001 | +0.951 | +2.260 |
| Level | Intermediate | Intermediate | - | Minor | 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 | 0.963 | 1.283 | 1.561 | 1.881 | 2.159 | 2.479 | 2.757 |
| Camarilla | 1.676 | 1.730 | 1.785 | 1.840 | 1.895 | 1.950 | 2.005 |
| Woodie | 0.943 | 1.273 | 1.541 | 1.871 | 2.139 | 2.469 | 2.737 |
| Fibonacci | 1.283 | 1.511 | 1.652 | 1.881 | 2.109 | 2.250 | 2.479 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.045 | 1.453 | 2.663 | 4.071 | 5.281 | 6.689 | 7.899 |
| Camarilla | 3.152 | 3.392 | 3.632 | 3.872 | 4.112 | 4.352 | 4.592 |
| Woodie | -0.055 | 1.404 | 2.563 | 4.022 | 5.181 | 6.640 | 7.799 |
| Fibonacci | 1.453 | 2.453 | 3.071 | 4.071 | 5.071 | 5.689 | 6.689 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -11.941 | -5.265 | -1.591 | 5.085 | 8.759 | 15.435 | 19.109 |
| Camarilla | -0.762 | 0.187 | 1.135 | 2.084 | 3.033 | 3.982 | 4.930 |
| Woodie | -13.441 | -6.016 | -3.091 | 4.335 | 7.259 | 14.685 | 17.609 |
| Fibonacci | -5.265 | -1.312 | 1.131 | 5.085 | 9.038 | 11.481 | 15.435 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.61 | |
| MACD (12,26,9): | -0.3900 | |
| Directional Movement: | -20.906 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 1.687 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.150 | |
| Elder Ray (13): | -0.157 | |
| Super Trend (3,10): | 2.510 | |
| Zig ZAG (10): | 1.899 | |
| VORTEX (21): | 0.9530 | |
| Stochastique (14,3,5): | 38.52 | |
| TEMA (21): | 1.560 | |
| Williams %R (14): | -50.17 | |
| Chande Momentum Oscillator (20): | -0.047 | |
| Repulse (5,40,3): | 9.7640 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -2.1770 | |
| Courbe Coppock: | 28.51 |
| MA7: | 3.195 | |
| MA20: | 2.590 | |
| MA50: | 6.333 | |
| MA100: | 8.574 | |
| MAexp7: | 1.889 | |
| MAexp20: | 2.214 | |
| MAexp50: | 2.734 | |
| MAexp100: | 3.006 | |
| Price / MA7: | -39.34% | |
| Price / MA20: | -25.17% | |
| Price / MA50: | -69.40% | |
| Price / MA100: | -77.40% | |
| Price / MAexp7: | +2.59% | |
| Price / MAexp20: | -12.47% | |
| Price / MAexp50: | -29.11% | |
| Price / MAexp100: | -35.53% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on VARTA AG O.N. at the time of the analysis were as follows:
- EQS-News: VARTA AG reaches agreement with financial creditors and strategic investors on a restructuring plan and creates the basis for a sustainable business perspective
- EQS-Adhoc: VARTA AG: VARTA AG announces commercial agreement on restructuring concept
- EQS-Adhoc: VARTA AG: VARTA AG announces financial reorganization with StaRUG proceedings
- EQS-Adhoc: VARTA AG: VARTA AG in talks with Porsche about investment in V4Drive business
- EQS-Adhoc: VARTA AG: VARTA AG adjusts revenue forecast for 2024 due to further slowdown in the energy storage market
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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