RWE AG INH O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	RWE
ISIN:	DE0007037129

RWE AG INH O.N. - 1H - Technical analysis published on 04/05/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 30.88 EUR

My targets

31.54 EUR (+1.09%)

31.83 EUR (+2.02%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on RWE AG INH O.N.. This is a positive signal for buyers. As long as the price remains above 30.88 EUR, a purchase could be considered. The first bullish objective is located at 31.54 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 31.83 EUR as an objective. Crossing it would then enable buyers to target 32.07 EUR. In the event of a return below 30.88 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

Comment on the analysis

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.

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Additional analysis

Quotes

RWE AG INH O.N. rating 31.20 EUR. On the day, this instrument gained +0.13% and was traded between 30.81 EUR and 31.56 EUR over the period. The price is currently at +1.27% from its lowest and -1.14% from its highest.

30.81

31.56

31.20

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of RWE AG INH O.N. indicates that the overall trend is bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.08	30.41	30.88	31.20	31.29	31.54	31.83
Change (%)	-3.59%	-2.53%	-1.03%	-	+0.29%	+1.09%	+2.02%
Change	-1.12	-0.79	-0.32	-	+0.09	+0.34	+0.63
Level	Minor	Major	Intermediate	-	Intermediate	Major	Minor

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	29.87	30.21	30.68	31.02	31.49	31.83	32.30
Camarilla	30.94	31.01	31.09	31.16	31.23	31.31	31.38
Woodie	29.95	30.24	30.76	31.05	31.57	31.86	32.38
Fibonacci	30.21	30.52	30.71	31.02	31.33	31.52	31.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.00	30.44	30.95	31.39	31.90	32.34	32.85
Camarilla	31.20	31.29	31.37	31.46	31.55	31.63	31.72
Woodie	30.04	30.46	30.99	31.41	31.94	32.36	32.89
Fibonacci	30.44	30.80	31.03	31.39	31.75	31.98	32.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.23	28.65	30.06	31.48	32.89	34.31	35.72
Camarilla	30.68	30.94	31.20	31.46	31.72	31.98	32.24
Woodie	27.22	28.65	30.05	31.48	32.88	34.31	35.71
Fibonacci	28.65	29.73	30.40	31.48	32.56	33.23	34.31

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):	57.33
MACD (12,26,9):	0.0400
Directional Movement:	20.20
AROON (14):	85.72
DEMA (21):	31.01
Parabolic SAR (0,02-0,02-0,2):	30.81
Elder Ray (13):	0.25
Super Trend (3,10):	30.63
Zig ZAG (10):	31.20
VORTEX (21):	1.0000
Stochastique (14,3,5):	78.62
TEMA (21):	31.10
Williams %R (14):	-30.16
Chande Momentum Oscillator (20):	0.73
Repulse (5,40,3):	0.5600
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	3.06

MA7:	31.10
MA20:	31.19
MA50:	31.88
MA100:	35.66
MAexp7:	31.12
MAexp20:	31.00
MAexp50:	31.04
MAexp100:	31.10
Price / MA7:	+0.32%
Price / MA20:	+0.03%
Price / MA50:	-2.13%
Price / MA100:	-12.51%
Price / MAexp7:	+0.26%
Price / MAexp20:	+0.65%
Price / MAexp50:	+0.52%
Price / MAexp100:	+0.32%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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