VARTA AG O.N. - Daily - Technical analysis published on 10/16/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
61%
17%
22%
My opinion
Bullish above 2.377 EUR
My targets
4.433 EUR (+17.91%)
5.100 EUR (+35.64%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for VARTA AG O.N. as long as the price remains well above 2.377 EUR. The buyers' bullish objective is set at 4.433 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.100 EUR. If there is any crossing, the next objective would be the resistance located at 7.600 EUR.
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
2.9
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Additional analysis
Quotes
The VARTA AG O.N. price is 3.760 EUR. The price registered an increase of +12.85% on the session with the lowest point at 3.500 EUR and the highest point at 3.764 EUR. The deviation from the price is +7.43% for the low point and -0.11% for the high point.3.500
3.764
3.760
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VARTA AG O.N.:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of VARTA AG O.N. indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.480 | 3.760 | 5.100 | 7.600 | 10.824 |
| Change (%) | -60.64% | - | +35.64% | +102.13% | +187.87% |
| Change | -2.280 | - | +1.340 | +3.840 | +7.064 |
| Level | Major | - | Minor | Minor | 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 | 0.737 | 1.899 | 2.615 | 3.777 | 4.493 | 5.655 | 6.371 |
| Camarilla | 2.816 | 2.988 | 3.160 | 3.332 | 3.504 | 3.676 | 3.849 |
| Woodie | 0.515 | 1.788 | 2.393 | 3.666 | 4.271 | 5.544 | 6.149 |
| Fibonacci | 1.899 | 2.616 | 3.059 | 3.777 | 4.494 | 4.937 | 5.655 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -3.433 | -1.017 | 2.017 | 4.433 | 7.467 | 9.883 | 12.917 |
| Camarilla | 3.551 | 4.051 | 4.550 | 5.050 | 5.550 | 6.049 | 6.549 |
| Woodie | -3.125 | -0.863 | 2.325 | 4.588 | 7.775 | 10.038 | 13.225 |
| Fibonacci | -1.017 | 1.065 | 2.351 | 4.433 | 6.515 | 7.801 | 9.883 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.631 | 0.926 | 1.213 | 1.508 | 1.795 | 2.090 | 2.377 |
| Camarilla | 1.340 | 1.393 | 1.447 | 1.500 | 1.553 | 1.607 | 1.660 |
| Woodie | 0.627 | 0.924 | 1.209 | 1.506 | 1.791 | 2.088 | 2.373 |
| Fibonacci | 0.926 | 1.148 | 1.286 | 1.508 | 1.730 | 1.868 | 2.090 |
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): | 57.89 | |
| MACD (12,26,9): | 0.5730 | |
| Directional Movement: | 19.604 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 3.361 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.985 | |
| Elder Ray (13): | 0.426 | |
| Super Trend (3,10): | 6.066 | |
| Zig ZAG (10): | 3.550 | |
| VORTEX (21): | 1.0510 | |
| Stochastique (14,3,5): | 51.16 | |
| TEMA (21): | 4.212 | |
| Williams %R (14): | -58.88 | |
| Chande Momentum Oscillator (20): | 2.130 | |
| Repulse (5,40,3): | -28.3910 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.1530 | |
| Courbe Coppock: | 307.97 |
| MA7: | 3.958 | |
| MA20: | 2.336 | |
| MA50: | 2.218 | |
| MA100: | 4.979 | |
| MAexp7: | 3.731 | |
| MAexp20: | 2.785 | |
| MAexp50: | 2.965 | |
| MAexp100: | 4.933 | |
| Price / MA7: | -5.00% | |
| Price / MA20: | +60.96% | |
| Price / MA50: | +69.52% | |
| Price / MA100: | -24.48% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | +35.01% | |
| Price / MAexp50: | +26.81% | |
| Price / MAexp100: | -23.78% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on VARTA AG O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-Adhoc: VARTA AG: VARTA AG reduces revenue forecast for the current fiscal year due to further slowdown in the energy storage market and lower revenue planned for Lithium-Ion Large Cells in 2024
- EQS-Adhoc: VARTA AG: VARTA AG signs agreement with Porsche regarding investment in business unit for large-format lithium-ion cells
- EQS-Adhoc: VARTA AG: VARTA AG concludes material agreements as part of the restructuring concept and secures short-term bridge financing
- EQS-Adhoc: VARTA AG: VARTA AG announces an amendment to the restructuring concept and commercial agreement on bridge financing
- 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
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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