BAY.MOTOREN WERKE AG ST - 1H - Technical analysis published on 09/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 80.03 EUR
My targets
82.52 EUR (+2.26%)
84.28 EUR (+4.44%)
My analysis
BAY.MOTOREN WERKE AG ST is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 80.03 EUR. The next resistance located at 82.52 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 84.28 EUR. After this resistance, buyers could then target 86.97 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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
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Additional analysis
Quotes
The BAY.MOTOREN WERKE AG ST price is 80.70 EUR. The price registered an increase of +2.75% on the session and was between 78.66 EUR and 80.70 EUR. This implies that the price is at +2.59% from its lowest and at 0% from its highest.78.66
80.70
80.70
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BAY.MOTOREN WERKE AG ST in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 77.36 | 78.71 | 80.03 | 80.70 | 82.52 | 84.28 | 86.97 |
| Change (%) | -4.14% | -2.47% | -0.83% | - | +2.26% | +4.44% | +7.77% |
| Change | -3.34 | -1.99 | -0.67 | - | +1.82 | +3.58 | +6.27 |
| Level | Major | Major | Minor | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.29 | 76.15 | 77.35 | 78.21 | 79.41 | 80.27 | 81.47 |
| Camarilla | 77.97 | 78.16 | 78.35 | 78.54 | 78.73 | 78.92 | 79.11 |
| Woodie | 75.45 | 76.24 | 77.51 | 78.30 | 79.57 | 80.36 | 81.63 |
| Fibonacci | 76.15 | 76.94 | 77.43 | 78.21 | 79.00 | 79.49 | 80.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.58 | 69.52 | 71.58 | 74.52 | 76.58 | 79.52 | 81.58 |
| Camarilla | 72.27 | 72.72 | 73.18 | 73.64 | 74.10 | 74.56 | 75.02 |
| Woodie | 66.14 | 69.30 | 71.14 | 74.30 | 76.14 | 79.30 | 81.14 |
| Fibonacci | 69.52 | 71.43 | 72.61 | 74.52 | 76.43 | 77.61 | 79.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.10 | 74.54 | 79.18 | 82.62 | 87.26 | 90.70 | 95.34 |
| Camarilla | 81.60 | 82.34 | 83.08 | 83.82 | 84.56 | 85.30 | 86.04 |
| Woodie | 71.70 | 74.84 | 79.78 | 82.92 | 87.86 | 91.00 | 95.94 |
| Fibonacci | 74.54 | 77.63 | 79.53 | 82.62 | 85.71 | 87.61 | 90.70 |
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): | 73.62 | |
| MACD (12,26,9): | 0.8500 | |
| Directional Movement: | 30.95 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 79.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 77.71 | |
| Elder Ray (13): | 1.71 | |
| Super Trend (3,10): | 78.34 | |
| Zig ZAG (10): | 80.44 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 93.66 | |
| TEMA (21): | 79.53 | |
| Williams %R (14): | -4.05 | |
| Chande Momentum Oscillator (20): | 4.54 | |
| Repulse (5,40,3): | 1.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 6.04 |
| MA7: | 76.83 | |
| MA20: | 76.21 | |
| MA50: | 80.65 | |
| MA100: | 85.80 | |
| MAexp7: | 79.21 | |
| MAexp20: | 78.20 | |
| MAexp50: | 76.95 | |
| MAexp100: | 76.41 | |
| Price / MA7: | +5.04% | |
| Price / MA20: | +5.89% | |
| Price / MA50: | +0.06% | |
| Price / MA100: | -5.94% | |
| Price / MAexp7: | +1.88% | |
| Price / MAexp20: | +3.20% | |
| Price / MAexp50: | +4.87% | |
| Price / MAexp100: | +5.61% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on BAY.MOTOREN WERKE AG ST. At the time of publication of this analysis, the latest news was as follows:
- BMW, Ford and Honda Begin Operations of Vehicle-Grid Integration Joint Venture ChargeScape; Name Joseph Vellone CEO
- Keegan Bradley Claims Victory at BMW Championship
- Infinix Launches All-New NOTE 40 Series Racing Edition In Partnership with BMW Group Designworks in Saudi Arabia
- BMW of North America, LLC and World Woman Foundation Return for 2024 'World Woman Hour’ at the Grammy Museum in Los Angeles
- Innoviz to Showcase All-New BMW i7 and Volkswagen ID. Buzz at CES Booth; LiDAR Capabilities Will Be Demonstrated
This member declared not having a position on this financial instrument or a related financial instrument.
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