THYSSENKRUPP AG O.N. - 1H - Technical analysis published on 08/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 3.228 EUR
My targets
2.963 EUR (-3.79%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on THYSSENKRUPP AG O.N. as long as the price remains well below 3.228 EUR. The sellers' bearish objective is set at 2.963 EUR. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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Additional analysis
Quotes
The THYSSENKRUPP AG O.N. rating is 3.080 EUR. The price registered a decrease of -0.23% on the session with the lowest point at 3.067 EUR and the highest point at 3.154 EUR. The deviation from the price is +0.42% for the low point and -2.35% for the high point.3.067
3.154
3.080
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of THYSSENKRUPP AG O.N. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.080 | 3.228 | 3.451 | 3.869 |
| Change (%) | - | +4.81% | +12.05% | +25.62% |
| Change | - | +0.148 | +0.371 | +0.789 |
| Level | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.813 | 2.950 | 3.018 | 3.155 | 3.223 | 3.360 | 3.428 |
| Camarilla | 3.031 | 3.049 | 3.068 | 3.087 | 3.106 | 3.125 | 3.143 |
| Woodie | 2.780 | 2.933 | 2.985 | 3.138 | 3.190 | 3.343 | 3.395 |
| Fibonacci | 2.950 | 3.028 | 3.076 | 3.155 | 3.233 | 3.281 | 3.360 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.963 | 3.096 | 3.235 | 3.368 | 3.507 | 3.640 | 3.779 |
| Camarilla | 3.300 | 3.325 | 3.350 | 3.375 | 3.400 | 3.425 | 3.450 |
| Woodie | 2.967 | 3.098 | 3.239 | 3.370 | 3.511 | 3.642 | 3.783 |
| Fibonacci | 3.096 | 3.200 | 3.264 | 3.368 | 3.472 | 3.536 | 3.640 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.278 | 2.840 | 3.190 | 3.752 | 4.102 | 4.664 | 5.014 |
| Camarilla | 3.288 | 3.372 | 3.455 | 3.539 | 3.623 | 3.706 | 3.790 |
| Woodie | 2.171 | 2.787 | 3.083 | 3.699 | 3.995 | 4.611 | 4.907 |
| Fibonacci | 2.840 | 3.189 | 3.404 | 3.752 | 4.101 | 4.316 | 4.664 |
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): | 30.30 | |
| MACD (12,26,9): | -0.0640 | |
| Directional Movement: | -24.875 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 3.099 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.150 | |
| Elder Ray (13): | -0.063 | |
| Super Trend (3,10): | 3.204 | |
| Zig ZAG (10): | 3.088 | |
| VORTEX (21): | 0.7100 | |
| Stochastique (14,3,5): | 6.01 | |
| TEMA (21): | 3.072 | |
| Williams %R (14): | -92.98 | |
| Chande Momentum Oscillator (20): | -0.074 | |
| Repulse (5,40,3): | -1.3730 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2550 | |
| Courbe Coppock: | 9.84 |
| MA7: | 3.286 | |
| MA20: | 3.488 | |
| MA50: | 3.872 | |
| MA100: | 4.340 | |
| MAexp7: | 3.112 | |
| MAexp20: | 3.180 | |
| MAexp50: | 3.271 | |
| MAexp100: | 3.368 | |
| Price / MA7: | -6.27% | |
| Price / MA20: | -11.70% | |
| Price / MA50: | -20.45% | |
| Price / MA100: | -29.03% | |
| Price / MAexp7: | -1.03% | |
| Price / MAexp20: | -3.14% | |
| Price / MAexp50: | -5.84% | |
| Price / MAexp100: | -8.55% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on THYSSENKRUPP AG O.N. at the time of the analysis were as follows:
- EQS-Adhoc: thyssenkrupp AG: thyssenkrupp AG adjusts outlook for FY 2023/24
- EQS-Adhoc: thyssenkrupp AG: thyssenkrupp and EP Corporate Group enter into strategic partnership
- BWI Group and thyssenkrupp Steering partner in EMB to lead world's chassis-by-wire technology
- TCC Joins Hands with Germany's thyssenkrupp Polysius to Develop Innovative Carbon Capture Technology with Separate Oxyfuel Calciner
-
Look Ahead 22/11/23: Euro zone consumer confidence; US durable goods; Britvic; Sage; ThyssenKrupp
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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