WIRECARD AG - 1H - Technical analysis published on 10/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
WIRECARD AG Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 0.7589 EUR
My targets
0.6441 EUR (-7.73%)
0.6200 EUR (-11.19%)
My analysis
The bearish trend is currently very strong for WIRECARD AG. As long as the price remains below the resistance at 0.7589 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.6441 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.6200 EUR as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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 Vincent Launay.
Additional analysis
Quotes
The WIRECARD AG price is 0.6981 EUR. The price is lower by -0.11% since the last closing and was traded between 0.6850 EUR and 0.7350 EUR over the period. The price is currently at +1.91% from its lowest and -5.02% from its highest.0.6850
0.7350
0.6981
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this WIRECARD AG chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.6200 | 0.6981 | 0.6995 | 0.7600 | 0.9014 |
| Change (%) | -11.19% | - | +0.20% | +8.87% | +29.12% |
| Change | -0.0781 | - | +0.0014 | +0.0619 | +0.2033 |
| Level | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6461 | 0.6631 | 0.6810 | 0.6980 | 0.7159 | 0.7329 | 0.7508 |
| Camarilla | 0.6893 | 0.6925 | 0.6957 | 0.6989 | 0.7021 | 0.7053 | 0.7085 |
| Woodie | 0.6466 | 0.6633 | 0.6815 | 0.6982 | 0.7164 | 0.7331 | 0.7513 |
| Fibonacci | 0.6631 | 0.6764 | 0.6847 | 0.6980 | 0.7113 | 0.7196 | 0.7329 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5693 | 0.6441 | 0.6841 | 0.7589 | 0.7989 | 0.8737 | 0.9137 |
| Camarilla | 0.6924 | 0.7030 | 0.7135 | 0.7240 | 0.7345 | 0.7451 | 0.7556 |
| Woodie | 0.5518 | 0.6354 | 0.6666 | 0.7502 | 0.7814 | 0.8650 | 0.8962 |
| Fibonacci | 0.6441 | 0.6880 | 0.7151 | 0.7589 | 0.8028 | 0.8299 | 0.8737 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.4972 | 0.0469 | 0.4117 | 0.9558 | 1.3206 | 1.8647 | 2.2295 |
| Camarilla | 0.5265 | 0.6098 | 0.6931 | 0.7764 | 0.8597 | 0.9430 | 1.0264 |
| Woodie | -0.5870 | 0.0021 | 0.3220 | 0.9110 | 1.2309 | 1.8199 | 2.1398 |
| Fibonacci | 0.0469 | 0.3941 | 0.6086 | 0.9558 | 1.3030 | 1.5175 | 1.8647 |
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): | 44.27 | |
| MACD (12,26,9): | -0.0048 | |
| Directional Movement: | -5.5047 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.6996 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6995 | |
| Elder Ray (13): | -0.0074 | |
| Super Trend (3,10): | 0.7329 | |
| Zig ZAG (10): | 0.6975 | |
| VORTEX (21): | 0.9560 | |
| Stochastique (14,3,5): | 36.87 | |
| TEMA (21): | 0.7061 | |
| Williams %R (14): | -70.00 | |
| Chande Momentum Oscillator (20): | 0.0050 | |
| Repulse (5,40,3): | -1.2440 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1549 | |
| Courbe Coppock: | 3.34 |
| MA7: | 0.7354 | |
| MA20: | 0.7935 | |
| MA50: | 1.1086 | |
| MA100: | 19.9899 | |
| MAexp7: | 0.7110 | |
| MAexp20: | 0.7091 | |
| MAexp50: | 0.7282 | |
| MAexp100: | 0.7574 | |
| Price / MA7: | -5.07% | |
| Price / MA20: | -12.02% | |
| Price / MA50: | -37.03% | |
| Price / MA100: | -96.51% | |
| Price / MAexp7: | -1.81% | |
| Price / MAexp20: | -1.55% | |
| Price / MAexp50: | -4.13% | |
| Price / MAexp100: | -7.83% |
Quotes :
2020-10-08 15:23:50
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15 min delayed data
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Germany Stocks
News
Don"t forget to follow the news on WIRECARD AG. At the time of publication of this analysis, the latest news was as follows:
- DGAP-News: Opening of the insolvency proceedings of Wirecard AG
- DGAP-Adhoc: Wirecard AG: Termination employment contract Dr. Markus Braun
- DGAP-News: Wirecard AG informs customers and partners about current business operations
- DGAP-News: Wirecard AG: Company statement regarding filing for insolvency
- DGAP-Adhoc: Wirecard AG: Application for opening of insolvency proceedings
This member declared not having a position on this financial instrument or a related financial instrument.
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