DSM FIRMENICH AG - 1H - Technical analysis published on 10/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 121.31 EUR
My targets
124.03 EUR (+0.51%)
126.22 EUR (+2.28%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DSM FIRMENICH AG as long as the price remains well above 121.31 EUR. The buyers' bullish objective is set at 124.03 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 126.22 EUR. If there is any crossing, the next objective would be the resistance located at 130.48 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DSM FIRMENICH AG rating is 123.40 EUR. The price is lower by -0.20% since the last closing with the lowest point at 123.15 EUR and the highest point at 124.85 EUR. The deviation from the price is +0.20% for the low point and -1.16% for the high point.123.15
124.85
123.40
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DSM FIRMENICH AG in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 118.28 | 121.31 | 123.20 | 123.40 |
| Change (%) | -4.15% | -1.69% | -0.16% | - |
| Change | -5.12 | -2.09 | -0.20 | - |
| Level | Intermediate | Minor | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.53 | 120.42 | 122.03 | 122.92 | 124.53 | 125.42 | 127.03 |
| Camarilla | 122.96 | 123.19 | 123.42 | 123.65 | 123.88 | 124.11 | 124.34 |
| Woodie | 119.90 | 120.60 | 122.40 | 123.10 | 124.90 | 125.60 | 127.40 |
| Fibonacci | 120.42 | 121.37 | 121.96 | 122.92 | 123.87 | 124.46 | 125.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.13 | 113.32 | 117.58 | 119.77 | 124.03 | 126.22 | 130.48 |
| Camarilla | 120.08 | 120.67 | 121.26 | 121.85 | 122.44 | 123.03 | 123.62 |
| Woodie | 112.18 | 113.84 | 118.63 | 120.29 | 125.08 | 126.74 | 131.53 |
| Fibonacci | 113.32 | 115.78 | 117.30 | 119.77 | 122.23 | 123.75 | 126.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.45 | 112.35 | 118.00 | 120.90 | 126.55 | 129.45 | 135.10 |
| Camarilla | 121.30 | 122.08 | 122.87 | 123.65 | 124.43 | 125.22 | 126.00 |
| Woodie | 110.83 | 113.04 | 119.38 | 121.59 | 127.93 | 130.14 | 136.48 |
| Fibonacci | 112.35 | 115.62 | 117.63 | 120.90 | 124.17 | 126.18 | 129.45 |
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): | 66.89 | |
| MACD (12,26,9): | 1.0100 | |
| Directional Movement: | 17.62 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 124.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 123.28 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 122.85 | |
| Zig ZAG (10): | 123.50 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 59.21 | |
| TEMA (21): | 124.36 | |
| Williams %R (14): | -46.55 | |
| Chande Momentum Oscillator (20): | 1.10 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 3.04 |
| MA7: | 120.43 | |
| MA20: | 119.62 | |
| MA50: | 118.18 | |
| MA100: | 111.88 | |
| MAexp7: | 123.69 | |
| MAexp20: | 122.83 | |
| MAexp50: | 121.14 | |
| MAexp100: | 120.13 | |
| Price / MA7: | +2.47% | |
| Price / MA20: | +3.16% | |
| Price / MA50: | +4.42% | |
| Price / MA100: | +10.30% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +1.87% | |
| Price / MAexp100: | +2.72% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on DSM FIRMENICH AG at the time of the analysis were as follows:
- dsm-firmenich concludes new €1.8 billion Revolving Credit Facility
- DSM shareholders can voluntarily transfer their shares to dsm-firmenich before July 2, 2024, 17:45 hours CEST
- dsm-firmenich completes the divestiture of its Jiangshan Vitamin C plant in China
- dsm-firmenich reports full year 2023 results
- dsm-firmenich completes voluntary cash offer for DSM shares
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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