DWS GROUP GMBH+CO.KGAA ON - Daily - Technical analysis published on 12/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 30.213 EUR
My targets
31.456 EUR (+2.45%)
32.252 EUR (+5.04%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on DWS GROUP GMBH+CO.KGAA ON as long as the price remains well above 30.213 EUR. The buyers” bullish objective is set at 31.456 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.252 EUR. If there is any crossing, the next objective would be the resistance located at 33.140 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
3.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DWS GROUP GMBH+CO.KGAA ON price is 30.705 EUR. The price has increased by +0.38% since the last closing and was between 30.505 EUR and 31.085 EUR. This implies that the price is at +0.66% from its lowest and at -1.22% from its highest.30.505
31.085
30.705
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:
Technical
Technical analysis of this Daily chart of DWS GROUP GMBH+CO.KGAA ON indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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 channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.398 | 28.942 | 30.213 | 30.705 | 31.456 | 32.252 | 33.140 |
| Change (%) | -14.03% | -5.74% | -1.60% | - | +2.45% | +5.04% | +7.93% |
| Change | -4.307 | -1.763 | -0.492 | - | +0.751 | +1.547 | +2.435 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.778 | 30.027 | 30.308 | 30.557 | 30.838 | 31.087 | 31.368 |
| Camarilla | 30.444 | 30.493 | 30.541 | 30.590 | 30.639 | 30.687 | 30.736 |
| Woodie | 29.795 | 30.035 | 30.325 | 30.565 | 30.855 | 31.095 | 31.385 |
| Fibonacci | 30.027 | 30.229 | 30.354 | 30.557 | 30.759 | 30.884 | 31.087 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.775 | 29.470 | 30.195 | 30.890 | 31.615 | 32.310 | 33.035 |
| Camarilla | 30.530 | 30.660 | 30.790 | 30.920 | 31.050 | 31.180 | 31.311 |
| Woodie | 28.790 | 29.478 | 30.210 | 30.898 | 31.630 | 32.318 | 33.050 |
| Fibonacci | 29.470 | 30.012 | 30.348 | 30.890 | 31.432 | 31.768 | 32.310 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.587 | 27.793 | 29.327 | 30.533 | 32.067 | 33.273 | 34.807 |
| Camarilla | 30.107 | 30.358 | 30.609 | 30.860 | 31.111 | 31.362 | 31.614 |
| Woodie | 26.750 | 27.875 | 29.490 | 30.615 | 32.230 | 33.355 | 34.970 |
| Fibonacci | 27.793 | 28.840 | 29.487 | 30.533 | 31.580 | 32.227 | 33.273 |
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): | 53.88 | |
| MACD (12,26,9): | 0.2630 | |
| Directional Movement: | -0.738 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 31.007 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.648 | |
| Elder Ray (13): | 0.125 | |
| Super Trend (3,10): | 29.379 | |
| Zig ZAG (10): | 30.675 | |
| VORTEX (21): | 1.0280 | |
| Stochastique (14,3,5): | 50.61 | |
| TEMA (21): | 30.764 | |
| Williams %R (14): | -42.17 | |
| Chande Momentum Oscillator (20): | -0.800 | |
| Repulse (5,40,3): | -0.9330 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 2.29 |
| MA7: | 30.667 | |
| MA20: | 30.885 | |
| MA50: | 29.500 | |
| MA100: | 28.532 | |
| MAexp7: | 30.667 | |
| MAexp20: | 30.566 | |
| MAexp50: | 29.812 | |
| MAexp100: | 29.251 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | +4.08% | |
| Price / MA100: | +7.62% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +3.00% | |
| Price / MAexp100: | +4.97% |
News
Don"t forget to follow the news on DWS GROUP GMBH+CO.KGAA ON. At the time of publication of this analysis, the latest news was as follows:
- DGAP-News: DWS Q3: Third Consecutive Quarter of Net New Assets Marks Flow Turnaround - Cost-Income Ratio Well on Track for Full-Year Target
- DGAP-News: DWS Q2: Continued Positive Flow Momentum - Cost-Income Ratio on Track for Full-Year Target
- DGAP-News: DWS Q1: Positive Net Flows and Further Accelerated Cost Reductions
- DGAP-News: DWS Q4: Costs down as full year guidance exceeded - challenging market conditions impact revenues and profits
- DGAP-Adhoc: DWS Group GmbH & Co. KGaA: Asoka Wöhrmann appointed new CEO of DWS as Nicolas Moreau resigns
This member declared not having a position on this financial instrument or a related financial instrument.
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