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%

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

9.1

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.

This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:

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.

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:

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:

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:

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:

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:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	27.962	28.318	28.717	29.073	29.472	29.828	30.227
Camarilla	28.907	28.977	29.046	29.115	29.184	29.253	29.323
Woodie	27.983	28.329	28.738	29.084	29.493	29.839	30.248
Fibonacci	28.318	28.607	28.785	29.073	29.362	29.540	29.828

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.515	25.510	27.085	28.080	29.655	30.650	32.225
Camarilla	27.953	28.189	28.424	28.660	28.896	29.131	29.367
Woodie	24.805	25.655	27.375	28.225	29.945	30.795	32.515
Fibonacci	25.510	26.492	27.098	28.080	29.062	29.668	30.650

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.122	23.218	25.542	27.638	29.962	32.058	34.382
Camarilla	26.650	27.055	27.460	27.865	28.270	28.675	29.081
Woodie	21.235	23.275	25.655	27.695	30.075	32.115	34.495
Fibonacci	23.218	24.907	25.950	27.638	29.327	30.370	32.058

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

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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