BAY.MOTOREN WERKE AG ST

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BMW
ISIN:	DE0005190003

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%

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

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 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

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

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

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 : - 15 min delayed data - 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:

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

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