DSM FIRMENICH AG - Daily - Technical analysis published on 10/24/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
56%
22%
My opinion
Bearish under 120.00 EUR
My targets
108.27 EUR (-5.52%)
98.36 EUR (-14.17%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for DSM FIRMENICH AG as long as the price remains well below 120.00 EUR. The sellers' bearish objective is set at 108.27 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 98.36 EUR. If there is any crossing, the next objective would be the support located at 90.03 EUR.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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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 price is 114.60 EUR. On the day, this instrument lost -0.56% and was between 113.75 EUR and 115.30 EUR. This implies that the price is at +0.75% from its lowest and at -0.61% from its highest.113.75
115.30
114.60
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DSM FIRMENICH AG indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are 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
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 90.03 | 98.36 | 108.27 | 114.60 | 116.00 | 120.00 | 123.65 |
| Change (%) | -21.44% | -14.17% | -5.52% | - | +1.22% | +4.71% | +7.90% |
| Change | -24.57 | -16.24 | -6.33 | - | +1.40 | +5.40 | +9.05 |
| Level | Minor | Major | Minor | - | Major | Intermediate | 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 | 111.90 | 112.65 | 113.95 | 114.70 | 116.00 | 116.75 | 118.05 |
| Camarilla | 114.69 | 114.87 | 115.06 | 115.25 | 115.44 | 115.63 | 115.81 |
| Woodie | 112.18 | 112.79 | 114.23 | 114.84 | 116.28 | 116.89 | 118.33 |
| Fibonacci | 112.65 | 113.43 | 113.92 | 114.70 | 115.48 | 115.97 | 116.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.60 | 112.10 | 115.10 | 116.60 | 119.60 | 121.10 | 124.10 |
| Camarilla | 116.86 | 117.28 | 117.69 | 118.10 | 118.51 | 118.93 | 119.34 |
| Woodie | 111.35 | 112.48 | 115.85 | 116.98 | 120.35 | 121.48 | 124.85 |
| Fibonacci | 112.10 | 113.82 | 114.88 | 116.60 | 118.32 | 119.38 | 121.10 |
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): | 43.01 | |
| MACD (12,26,9): | -0.9300 | |
| Directional Movement: | -1.19 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 115.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 118.20 | |
| Elder Ray (13): | -1.50 | |
| Super Trend (3,10): | 121.89 | |
| Zig ZAG (10): | 114.65 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 20.52 | |
| TEMA (21): | 114.51 | |
| Williams %R (14): | -79.83 | |
| Chande Momentum Oscillator (20): | -2.15 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 5.96 |
| MA7: | 115.56 | |
| MA20: | 117.24 | |
| MA50: | 118.42 | |
| MA100: | 113.71 | |
| MAexp7: | 115.43 | |
| MAexp20: | 116.57 | |
| MAexp50: | 116.71 | |
| MAexp100: | 113.77 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -2.25% | |
| Price / MA50: | -3.23% | |
| Price / MA100: | +0.78% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -1.69% | |
| Price / MAexp50: | -1.81% | |
| Price / MAexp100: | +0.73% |
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 completes the sale of yeast extract business to Lesaffre
- 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
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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