DSM FIRMENICH AG - 1H - Technical analysis published on 10/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 113.57 EUR
My targets
112.05 EUR (-0.75%)
108.27 EUR (-4.10%)
My analysis
DSM FIRMENICH AG is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 113.57 EUR. The next support located at 112.05 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 108.27 EUR. Below this support, sellers could then target 104.41 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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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 112.90 EUR. On the day, this instrument lost -0.44% and was between 112.45 EUR and 113.50 EUR. This implies that the price is at +0.40% from its lowest and at -0.53% from its highest.112.45
113.50
112.90
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
A technical analysis in 1H of this DSM FIRMENICH AG chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 104.41 | 108.27 | 112.05 | 112.90 | 113.57 | 115.71 | 118.09 |
| Change (%) | -7.52% | -4.10% | -0.75% | - | +0.59% | +2.49% | +4.60% |
| Change | -8.49 | -4.63 | -0.85 | - | +0.67 | +2.81 | +5.19 |
| Level | Minor | Minor | Intermediate | - | Intermediate | 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 | 110.08 | 111.47 | 112.43 | 113.82 | 114.78 | 116.17 | 117.13 |
| Camarilla | 112.75 | 112.97 | 113.19 | 113.40 | 113.62 | 113.83 | 114.05 |
| Woodie | 109.88 | 111.36 | 112.23 | 113.71 | 114.58 | 116.06 | 116.93 |
| Fibonacci | 111.47 | 112.36 | 112.92 | 113.82 | 114.71 | 115.27 | 116.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.38 | 108.72 | 111.73 | 115.07 | 118.08 | 121.42 | 124.43 |
| Camarilla | 113.00 | 113.59 | 114.17 | 114.75 | 115.33 | 115.91 | 116.50 |
| Woodie | 105.23 | 108.64 | 111.58 | 114.99 | 117.93 | 121.34 | 124.28 |
| Fibonacci | 108.72 | 111.14 | 112.64 | 115.07 | 117.49 | 118.99 | 121.42 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.69 | |
| MACD (12,26,9): | -0.4400 | |
| Directional Movement: | -16.42 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 113.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.11 | |
| Elder Ray (13): | -0.49 | |
| Super Trend (3,10): | 114.27 | |
| Zig ZAG (10): | 112.85 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 9.62 | |
| TEMA (21): | 112.89 | |
| Williams %R (14): | -89.29 | |
| Chande Momentum Oscillator (20): | -2.10 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.33 |
| MA7: | 113.97 | |
| MA20: | 115.55 | |
| MA50: | 118.15 | |
| MA100: | 114.30 | |
| MAexp7: | 113.09 | |
| MAexp20: | 113.71 | |
| MAexp50: | 114.23 | |
| MAexp100: | 114.84 | |
| Price / MA7: | -0.94% | |
| Price / MA20: | -2.29% | |
| Price / MA50: | -4.44% | |
| Price / MA100: | -1.22% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.71% | |
| Price / MAexp50: | -1.16% | |
| Price / MAexp100: | -1.69% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on DSM FIRMENICH AG at the time of the generation of this analysis was 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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