BAYER AG NA O.N.
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. - 1H - Technical analysis published on 09/27/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 29.321 EUR
My targets
30.650 EUR (+2.70%)
32.260 EUR (+8.09%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BAYER AG NA O.N. as long as the price remains well above 29.321 EUR. The buyers' bullish objective is set at 30.650 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.260 EUR. If there is any crossing, the next objective would be the resistance located at 36.207 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
0
10
9.1

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 chookich. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BAYER AG NA O.N. rating is 29.845 EUR. The price has increased by +2.51% since the last closing with the lowest point at 29.200 EUR and the highest point at 30.140 EUR. The deviation from the price is +2.21% for the low point and -0.98% for the high point.

29.200
30.140
29.845

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BAYER AG NA O.N.:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of BAYER AG NA O.N. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 27.600 28.613 29.321 29.845 29.890 32.260 36.207
Change (%) -7.52% -4.13% -1.76% - +0.15% +8.09% +21.32%
Change -2.245 -1.232 -0.524 - +0.045 +2.415 +6.362
Level Intermediate Intermediate Major - Minor Minor Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard27.96228.31828.71729.07329.47229.82830.227
Camarilla28.90728.97729.04629.11529.18429.25329.323
Woodie27.98328.32928.73829.08429.49329.83930.248
Fibonacci28.31828.60728.78529.07329.36229.54029.828


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.51525.51027.08528.08029.65530.65032.225
Camarilla27.95328.18928.42428.66028.89629.13129.367
Woodie24.80525.65527.37528.22529.94530.79532.515
Fibonacci25.51026.49227.09828.08029.06229.66830.650


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.12223.21825.54227.63829.96232.05834.382
Camarilla26.65027.05527.46027.86528.27028.67529.081
Woodie21.23523.27525.65527.69530.07532.11534.495
Fibonacci23.21824.90725.95027.63829.32730.37032.058

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): 71.72
MACD (12,26,9): 0.2110
Directional Movement: 33.736
AROON (14): 85.714
DEMA (21): 29.435
Parabolic SAR (0,02-0,02-0,2): 28.918
Elder Ray (13): 0.711
Super Trend (3,10): 29.214
Zig ZAG (10): 29.955
VORTEX (21): 1.1610
Stochastique (14,3,5): 79.89
TEMA (21): 29.510
Williams %R (14): -15.13
Chande Momentum Oscillator (20): 1.085
Repulse (5,40,3): 1.1140
ROCnROLL: 1
TRIX (15,9): 0.0570
Courbe Coppock: 3.47
MA7: 28.988
MA20: 28.188
MA50: 27.606
MA100: 27.394
MAexp7: 29.468
MAexp20: 29.189
MAexp50: 28.858
MAexp100: 28.505
Price / MA7: +2.96%
Price / MA20: +5.88%
Price / MA50: +8.11%
Price / MA100: +8.95%
Price / MAexp7: +1.28%
Price / MAexp20: +2.25%
Price / MAexp50: +3.42%
Price / MAexp100: +4.70%

Quotes : - 15 min delayed data - Germany Stocks

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

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