SMA SOLAR TECHNOL.AG - Daily - Technical analysis published on 02/07/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 57.36 EUR
My targets
47.74 EUR (-4.52%)
41.66 EUR (-16.68%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 57.36 EUR remains possible. It is advisable to trade SMA SOLAR TECHNOL.AG with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 57.36 EUR. The next bearish objective for sellers is set at 47.74 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 41.66 EUR. In case of crossing, the next objective would be the support located at 39.52 EUR. PS: if there is a bullish break in the resistance located at 57.36 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SMA SOLAR TECHNOL.AG rating 50.00 EUR. On the day, this instrument gained +7.02% and was traded between 47.92 EUR and 50.20 EUR over the period. The price is currently at +4.34% from its lowest and -0.40% from its highest.47.92
50.20
50.00
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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
A technical analysis in Daily of this SMA SOLAR TECHNOL.AG chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
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 3
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
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
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.82 | 39.52 | 47.74 | 50.00 | 61.79 | 73.18 | 88.04 |
| Change (%) | -46.36% | -20.96% | -4.52% | - | +23.58% | +46.36% | +76.08% |
| Change | -23.18 | -10.48 | -2.26 | - | +11.79 | +23.18 | +38.04 |
| Level | Major | Major | Major | - | 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 | 44.45 | 44.99 | 45.85 | 46.39 | 47.25 | 47.79 | 48.65 |
| Camarilla | 46.34 | 46.46 | 46.59 | 46.72 | 46.85 | 46.98 | 47.11 |
| Woodie | 44.62 | 45.07 | 46.02 | 46.47 | 47.42 | 47.87 | 48.82 |
| Fibonacci | 44.99 | 45.52 | 45.85 | 46.39 | 46.92 | 47.25 | 47.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.31 | 44.87 | 46.37 | 47.93 | 49.43 | 50.99 | 52.49 |
| Camarilla | 47.02 | 47.30 | 47.58 | 47.86 | 48.14 | 48.42 | 48.70 |
| Woodie | 43.27 | 44.86 | 46.33 | 47.92 | 49.39 | 50.98 | 52.45 |
| Fibonacci | 44.87 | 46.04 | 46.76 | 47.93 | 49.10 | 49.82 | 50.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.96 | 35.58 | 41.66 | 51.28 | 57.36 | 66.98 | 73.06 |
| Camarilla | 43.42 | 44.86 | 46.30 | 47.74 | 49.18 | 50.62 | 52.06 |
| Woodie | 24.19 | 34.70 | 39.89 | 50.40 | 55.59 | 66.10 | 71.29 |
| Fibonacci | 35.58 | 41.58 | 45.28 | 51.28 | 57.28 | 60.98 | 66.98 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.57 | |
| MACD (12,26,9): | -1.8300 | |
| Directional Movement: | -6.00 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 46.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.20 | |
| Elder Ray (13): | 0.45 | |
| Super Trend (3,10): | 52.56 | |
| Zig ZAG (10): | 49.80 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 40.12 | |
| TEMA (21): | 46.58 | |
| Williams %R (14): | -25.90 | |
| Chande Momentum Oscillator (20): | 1.78 | |
| Repulse (5,40,3): | 3.6500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6100 | |
| Courbe Coppock: | 6.57 |
| MA7: | 47.67 | |
| MA20: | 48.55 | |
| MA50: | 53.81 | |
| MA100: | 56.43 | |
| MAexp7: | 48.02 | |
| MAexp20: | 49.29 | |
| MAexp50: | 52.77 | |
| MAexp100: | 58.08 | |
| Price / MA7: | +4.89% | |
| Price / MA20: | +2.99% | |
| Price / MA50: | -7.08% | |
| Price / MA100: | -11.39% | |
| Price / MAexp7: | +4.12% | |
| Price / MAexp20: | +1.44% | |
| Price / MAexp50: | -5.25% | |
| Price / MAexp100: | -13.91% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The last news published on SMA SOLAR TECHNOL.AG at the time of the generation of this analysis was as follows:
- EQS-News: SMA responds to inaccurate and misleading report by NINGI Research
- EQS-News: SMA Group reports strong sales and earnings growth after first nine months of the year
- EQS-Adhoc: SMA Solar Technology AG expects very positive sales and earnings development after nine months and raises guidance range for 2023
- EQS-News: SMA Group continues on growth path: First half year with significant increase in sales and earnings as well as faster profitability improvement in all segments
- EQS-Adhoc: SMA Solar Technology AG expects very positive first half of 2023 and again increases full-year guidance 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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