RWE AG INH O.N. - Daily - Technical analysis published on 06/02/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
6%
61%
33%
My opinion
Bearish under 39.77 EUR
My targets
37.82 EUR (-2.93%)
36.66 EUR (-5.90%)
My analysis
The strong short-term decline of RWE AG INH O.N. reinforces the current slightly bearish trend. As long as the price remains below 39.77 EUR, you could take advantage of this bearish acceleration. The first bearish objective is located at 37.82 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 36.66 EUR as an objective. Crossing it would then enable sellers to target 36.03 EUR. A return to above 39.77 EUR would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
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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 RWE AG INH O.N. price is 38.96 EUR. The price registered a decrease of -0.33% on the session and was traded between 38.78 EUR and 39.31 EUR over the period. The price is currently at +0.46% from its lowest and -0.89% from its highest.38.78
39.31
38.96
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of RWE AG INH O.N. in Daily shows an overall slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.66 | 37.82 | 38.70 | 38.96 | 39.77 | 40.78 | 41.84 |
| Change (%) | -5.90% | -2.93% | -0.67% | - | +2.08% | +4.67% | +7.39% |
| Change | -2.30 | -1.14 | -0.26 | - | +0.81 | +1.82 | +2.88 |
| Level | Minor | Major | Major | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.17 | 38.56 | 38.83 | 39.22 | 39.49 | 39.88 | 40.15 |
| Camarilla | 38.91 | 38.97 | 39.03 | 39.09 | 39.15 | 39.21 | 39.27 |
| Woodie | 38.10 | 38.53 | 38.76 | 39.19 | 39.42 | 39.85 | 40.08 |
| Fibonacci | 38.56 | 38.82 | 38.97 | 39.22 | 39.48 | 39.63 | 39.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.04 | 36.22 | 37.61 | 39.79 | 41.18 | 43.36 | 44.75 |
| Camarilla | 38.03 | 38.36 | 38.68 | 39.01 | 39.34 | 39.67 | 39.99 |
| Woodie | 33.66 | 36.02 | 37.23 | 39.59 | 40.80 | 43.16 | 44.37 |
| Fibonacci | 36.22 | 37.58 | 38.42 | 39.79 | 41.15 | 41.99 | 43.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.82 | 35.61 | 37.36 | 40.15 | 41.90 | 44.69 | 46.44 |
| Camarilla | 37.87 | 38.29 | 38.70 | 39.12 | 39.54 | 39.95 | 40.37 |
| Woodie | 32.31 | 35.35 | 36.85 | 39.89 | 41.39 | 44.43 | 45.93 |
| Fibonacci | 35.61 | 37.34 | 38.41 | 40.15 | 41.88 | 42.95 | 44.69 |
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): | 32.56 | |
| MACD (12,26,9): | -0.4400 | |
| Directional Movement: | -11.89 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 39.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.35 | |
| Elder Ray (13): | -0.75 | |
| Super Trend (3,10): | 41.12 | |
| Zig ZAG (10): | 38.91 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 14.39 | |
| TEMA (21): | 38.97 | |
| Williams %R (14): | -88.33 | |
| Chande Momentum Oscillator (20): | -2.92 | |
| Repulse (5,40,3): | -2.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 12.82 |
| MA7: | 39.06 | |
| MA20: | 40.70 | |
| MA50: | 40.01 | |
| MA100: | 39.63 | |
| MAexp7: | 39.31 | |
| MAexp20: | 40.08 | |
| MAexp50: | 40.07 | |
| MAexp100: | 39.80 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -4.28% | |
| Price / MA50: | -2.62% | |
| Price / MA100: | -1.69% | |
| Price / MAexp7: | -0.89% | |
| Price / MAexp20: | -2.79% | |
| Price / MAexp50: | -2.77% | |
| Price / MAexp100: | -2.11% |
Quotes :
-
15 min delayed data
-
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:
- EQS-Adhoc: RWE Aktiengesellschaft: RWE expected to close first quarter of 2023 with adjusted EBITDA of €2.8 billion
- RWE and Northland Power choose Havfram Wind to transport turbines for Nordseecluster
- Ryse Energy Raises $15 Million in Growth Capital Round Led by RWE Energy Transition Investments
- Ryse Energy Raises $15 Million in Growth Capital Round Led by RWE Energy Transition Investments
- RWE and Entergy Partner to Define Route to Market for Offshore Wind in the Gulf of Mexico
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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