BAYER AG NA O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BAYN
ISIN:	DE000BAY0017

BAYER AG NA O.N. - Daily - Technical analysis published on 03/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bullish

Technical indicators

44%

22%

33%

My opinion

Bullish above 55.48 EUR

My targets

58.04 EUR (+1.81%)

60.34 EUR (+5.84%)

My analysis

With a bullish background trend, the price of BAYER AG NA O.N. is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 55.48 EUR. A bullish break in the resistance located at 58.04 EUR would boost the bullish momentum and fuel the basic trend. Then the price could move towards 60.34 EUR. Then 62.49 EUR by extension. It would be safer to wait for a bullish break in the resistance located at 58.04 EUR before allowing yourself to re trade long positions (at purchase) on BAYER AG NA O.N.. PS: if there is a bearish break in the support located at 55.48 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

1.8

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

The BAYER AG NA O.N. price is 57.01 EUR. The price is lower by -0.30% since the last closing with the lowest point at 56.76 EUR and the highest point at 57.53 EUR. The deviation from the price is +0.44% for the low point and -0.90% for the high point.

56.76

57.53

57.01

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BAYER AG NA O.N. in Daily shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

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 resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	48.33	51.06	55.48	57.01	58.04	60.34	62.49
Change (%)	-15.23%	-10.44%	-2.68%	-	+1.81%	+5.84%	+9.61%
Change	-8.68	-5.95	-1.53	-	+1.03	+3.33	+5.48
Level	Major	Minor	Major	-	Major	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	55.53	55.95	56.56	56.98	57.59	58.01	58.62
Camarilla	56.90	56.99	57.09	57.18	57.27	57.37	57.46
Woodie	55.64	56.00	56.67	57.03	57.70	58.06	58.73
Fibonacci	55.95	56.34	56.58	56.98	57.37	57.61	58.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.20	53.69	54.75	56.24	57.30	58.79	59.85
Camarilla	55.11	55.34	55.58	55.81	56.04	56.28	56.51
Woodie	51.99	53.58	54.54	56.13	57.09	58.68	59.64
Fibonacci	53.69	54.66	55.27	56.24	57.21	57.82	58.79

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.31	48.86	52.57	59.12	62.83	69.38	73.09
Camarilla	53.47	54.41	55.35	56.29	57.23	58.17	59.11
Woodie	40.90	48.15	51.16	58.41	61.42	68.67	71.68
Fibonacci	48.86	52.78	55.20	59.12	63.04	65.46	69.38

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	48.93
MACD (12,26,9):	-0.3200
Directional Movement:	-0.70
AROON (14):	-57.14
DEMA (21):	56.78
Parabolic SAR (0,02-0,02-0,2):	54.89
Elder Ray (13):	0.29
Super Trend (3,10):	59.97
Zig ZAG (10):	56.94
VORTEX (21):	0.9500
Stochastique (14,3,5):	47.16
TEMA (21):	56.06
Williams %R (14):	-46.91
Chande Momentum Oscillator (20):	-0.68
Repulse (5,40,3):	-0.6100
ROCnROLL:	1
TRIX (15,9):	-0.0600
Courbe Coppock:	3.79

MA7:	56.39
MA20:	57.20
MA50:	57.57
MA100:	54.82
MAexp7:	56.65
MAexp20:	57.08
MAexp50:	56.68
MAexp100:	55.73
Price / MA7:	+1.10%
Price / MA20:	-0.33%
Price / MA50:	-0.97%
Price / MA100:	+3.99%
Price / MAexp7:	+0.64%
Price / MAexp20:	-0.12%
Price / MAexp50:	+0.58%
Price / MAexp100:	+2.30%

Quotes : - 15 min delayed data - Germany Stocks

News

Don't forget to follow the news on BAYER AG NA O.N.. At the time of publication of this analysis, the latest news was as follows:

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

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