RHEINMETALL AG - Daily - Technical analysis published on 12/29/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 188.30 EUR
My targets
211.48 EUR (+9.66%)
224.00 EUR (+16.15%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RHEINMETALL AG as long as the price remains well above 188.30 EUR. The buyers' bullish objective is set at 211.48 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 224.00 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RHEINMETALL AG rating 192.85 EUR. The price is lower by -0.21% since the last closing and was between 191.00 EUR and 193.65 EUR. This implies that the price is at +0.97% from its lowest and at -0.41% from its highest.191.00
193.65
192.85
Here is a more detailed summary of the historical variations registered by RHEINMETALL AG:
Technical
Technical analysis of RHEINMETALL AG in Daily shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 163.16 | 178.77 | 188.30 | 192.85 | 195.50 | 224.00 |
| Change (%) | -15.40% | -7.30% | -2.36% | - | +1.37% | +16.15% |
| Change | -29.69 | -14.08 | -4.55 | - | +2.65 | +31.15 |
| Level | Minor | Intermediate | Intermediate | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 186.43 | 188.42 | 190.83 | 192.82 | 195.23 | 197.22 | 199.63 |
| Camarilla | 192.04 | 192.44 | 192.85 | 193.25 | 193.65 | 194.06 | 194.46 |
| Woodie | 186.65 | 188.53 | 191.05 | 192.93 | 195.45 | 197.33 | 199.85 |
| Fibonacci | 188.42 | 190.10 | 191.14 | 192.82 | 194.50 | 195.54 | 197.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.03 | 161.32 | 174.03 | 186.32 | 199.03 | 211.32 | 224.03 |
| Camarilla | 179.88 | 182.17 | 184.46 | 186.75 | 189.04 | 191.33 | 193.63 |
| Woodie | 149.25 | 161.43 | 174.25 | 186.43 | 199.25 | 211.43 | 224.25 |
| Fibonacci | 161.32 | 170.87 | 176.77 | 186.32 | 195.87 | 201.77 | 211.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.88 | 135.97 | 165.18 | 182.27 | 211.48 | 228.57 | 257.78 |
| Camarilla | 181.67 | 185.91 | 190.16 | 194.40 | 198.64 | 202.89 | 207.13 |
| Woodie | 124.95 | 139.00 | 171.25 | 185.30 | 217.55 | 231.60 | 263.85 |
| Fibonacci | 135.97 | 153.65 | 164.58 | 182.27 | 199.95 | 210.88 | 228.57 |
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): | 53.58 | |
| MACD (12,26,9): | 2.1300 | |
| Directional Movement: | 0.83 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 194.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 198.01 | |
| Elder Ray (13): | -0.39 | |
| Super Trend (3,10): | 199.88 | |
| Zig ZAG (10): | 192.90 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 57.33 | |
| TEMA (21): | 191.22 | |
| Williams %R (14): | -33.68 | |
| Chande Momentum Oscillator (20): | -4.20 | |
| Repulse (5,40,3): | 2.8100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3300 | |
| Courbe Coppock: | 4.25 |
| MA7: | 189.34 | |
| MA20: | 193.32 | |
| MA50: | 179.89 | |
| MA100: | 168.93 | |
| MAexp7: | 190.42 | |
| MAexp20: | 190.45 | |
| MAexp50: | 182.87 | |
| MAexp100: | 176.55 | |
| Price / MA7: | +1.85% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | +7.20% | |
| Price / MA100: | +14.16% | |
| Price / MAexp7: | +1.28% | |
| Price / MAexp20: | +1.26% | |
| Price / MAexp50: | +5.46% | |
| Price / MAexp100: | +9.23% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on RHEINMETALL AG. At the time of publication of this analysis, the latest news was as follows:
- Sector 5 Digital Supplied 3D Manned Fighting Vehicle Digital Models for American Rheinmetall Vehicles, A Defense, Security and Auto Technology Provider
- EQS-Adhoc: Rheinmetall AG: Rheinmetall takes over Spain’s Expal Systems S.A. / Move brings the Group new ammunition production capacity
- Rheinmetall Dermalog SensorTec GmbH makes its public debut
- American Rheinmetall Vehicles and GM Defense Team to Pursue U.S. Army's Common Tactical Truck Program
- DGAP-Adhoc: Rheinmetall AG: Rheinmetall updates annual sales guidance, earnings guidance confirmed
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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