RWE AG INH O.N. - Daily - Technical analysis published on 02/21/2023 (GMT)
- 201
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
33%
33%
33%
My opinion
Neutral between 38.64 EUR and 41.71 EUR
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on RWE AG INH O.N.. It is difficult to advise a trading direction under these conditions. The first support is located at 38.64 EUR. The first resistance is located at 41.71 EUR. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RWE AG INH O.N. price is 40.44 EUR. On the day, this instrument gained +2.25% with the lowest point at 39.43 EUR and the highest point at 40.46 EUR. The deviation from the price is +2.56% for the low point and -0.05% for the high point.39.43
40.46
40.44
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
Here is a more detailed summary of the historical variations registered by RWE AG INH O.N.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of RWE AG INH O.N. indicates that the overall trend is slightly bearish. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
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:
Near support of triangle
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35.08 | 36.81 | 38.64 | 40.44 | 40.97 | 41.71 | 42.75 |
| Change (%) | -13.25% | -8.98% | -4.45% | - | +1.31% | +3.14% | +5.71% |
| Change | -5.36 | -3.63 | -1.80 | - | +0.53 | +1.27 | +2.31 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
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 | 38.72 | 38.99 | 39.27 | 39.54 | 39.82 | 40.09 | 40.37 |
| Camarilla | 39.40 | 39.45 | 39.50 | 39.55 | 39.60 | 39.65 | 39.70 |
| Woodie | 38.73 | 38.99 | 39.28 | 39.54 | 39.83 | 40.09 | 40.38 |
| Fibonacci | 38.99 | 39.20 | 39.33 | 39.54 | 39.75 | 39.88 | 40.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.45 | 38.11 | 38.82 | 39.48 | 40.19 | 40.85 | 41.56 |
| Camarilla | 39.14 | 39.27 | 39.39 | 39.52 | 39.65 | 39.77 | 39.90 |
| Woodie | 37.47 | 38.12 | 38.84 | 39.49 | 40.21 | 40.86 | 41.58 |
| Fibonacci | 38.11 | 38.64 | 38.96 | 39.48 | 40.01 | 40.33 | 40.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.58 | 35.33 | 38.06 | 40.81 | 43.54 | 46.29 | 49.02 |
| Camarilla | 39.29 | 39.80 | 40.30 | 40.80 | 41.30 | 41.81 | 42.31 |
| Woodie | 32.58 | 35.33 | 38.06 | 40.81 | 43.54 | 46.29 | 49.02 |
| Fibonacci | 35.33 | 37.42 | 38.71 | 40.81 | 42.90 | 44.19 | 46.29 |
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): | 49.20 | |
| MACD (12,26,9): | -0.4000 | |
| Directional Movement: | -1.30 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 39.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.97 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 41.56 | |
| Zig ZAG (10): | 40.25 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 37.89 | |
| TEMA (21): | 39.42 | |
| Williams %R (14): | -42.00 | |
| Chande Momentum Oscillator (20): | -0.23 | |
| Repulse (5,40,3): | 2.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 7.18 |
| MA7: | 39.55 | |
| MA20: | 40.41 | |
| MA50: | 40.85 | |
| MA100: | 40.36 | |
| MAexp7: | 39.77 | |
| MAexp20: | 40.18 | |
| MAexp50: | 40.56 | |
| MAexp100: | 40.48 | |
| Price / MA7: | +2.25% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | -1.00% | |
| Price / MA100: | +0.20% | |
| Price / MAexp7: | +1.68% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.10% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The last news published on RWE AG INH O.N. at the time of the generation of this analysis was as follows:
- RWE, LOTTE CHEMICAL Corporation and Mitsubishi Corporation enter into a Joint Study Agreement to develop a clean ammonia project in Port of Corpus Christi in Texas, USA
- EQS-Adhoc: RWE Aktiengesellschaft: Preliminary earnings for fiscal 2022 exceed outlook
- PlumCare RWE partners with Lifebit on Greece's newborn genomic sequencing program, BeginNGS
- PlumCare RWE partners with Lifebit on Greece's newborn genomic sequencing program, BeginNGS
- Sempra Infrastructure Announces Sale and Purchase Agreement with RWE for Port Arthur LNG
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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