CTS EVENTIM KGAA - Daily - Technical analysis published on 10/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 51.45 EUR
My targets
53.21 EUR (+3.01%)
54.71 EUR (+5.93%)
My analysis
The bullish trend is currently very strong on CTS EVENTIM KGAA. As long as the price remains above the support at 51.45 EUR, you could try to benefit from the boom. The first bullish objective is located at 53.21 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 54.71 EUR as an objective. Crossing it would then enable buyers to target 57.73 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CTS EVENTIM KGAA rating is 51.65 EUR. On the day, this instrument gained +0.49% and was between 51.35 EUR and 52.20 EUR. This implies that the price is at +0.58% from its lowest and at -1.05% from its highest.51.35
52.20
51.65
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CTS EVENTIM KGAA indicates that the overall trend is strongly bullish. 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 46.14 | 48.00 | 51.45 | 51.65 |
| Change (%) | -10.67% | -7.07% | -0.39% | - |
| Change | -5.51 | -3.65 | -0.20 | - |
| Level | 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 | 50.33 | 50.77 | 51.08 | 51.52 | 51.83 | 52.27 | 52.58 |
| Camarilla | 51.19 | 51.26 | 51.33 | 51.40 | 51.47 | 51.54 | 51.61 |
| Woodie | 50.28 | 50.74 | 51.03 | 51.49 | 51.78 | 52.24 | 52.53 |
| Fibonacci | 50.77 | 51.05 | 51.23 | 51.52 | 51.80 | 51.98 | 52.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.63 | 48.92 | 50.28 | 51.57 | 52.93 | 54.22 | 55.58 |
| Camarilla | 50.92 | 51.16 | 51.41 | 51.65 | 51.89 | 52.14 | 52.38 |
| Woodie | 47.68 | 48.94 | 50.33 | 51.59 | 52.98 | 54.24 | 55.63 |
| Fibonacci | 48.92 | 49.93 | 50.55 | 51.57 | 52.58 | 53.20 | 54.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.17 | 45.67 | 48.69 | 50.19 | 53.21 | 54.71 | 57.73 |
| Camarilla | 50.46 | 50.87 | 51.29 | 51.70 | 52.11 | 52.53 | 52.94 |
| Woodie | 44.92 | 46.05 | 49.44 | 50.57 | 53.96 | 55.09 | 58.48 |
| Fibonacci | 45.67 | 47.40 | 48.47 | 50.19 | 51.92 | 52.99 | 54.71 |
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): | 61.36 | |
| MACD (12,26,9): | 0.8200 | |
| Directional Movement: | 13.91 | |
| AROON (14): | 28.58 | |
| DEMA (21): | 51.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.02 | |
| Elder Ray (13): | 0.87 | |
| Super Trend (3,10): | 48.62 | |
| Zig ZAG (10): | 51.65 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 68.62 | |
| TEMA (21): | 51.57 | |
| Williams %R (14): | -30.08 | |
| Chande Momentum Oscillator (20): | 1.89 | |
| Repulse (5,40,3): | -1.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 9.08 |
| MA7: | 51.47 | |
| MA20: | 50.18 | |
| MA50: | 48.90 | |
| MA100: | 45.39 | |
| MAexp7: | 51.32 | |
| MAexp20: | 50.50 | |
| MAexp50: | 48.78 | |
| MAexp100: | 46.54 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | +2.93% | |
| Price / MA50: | +5.62% | |
| Price / MA100: | +13.79% | |
| Price / MAexp7: | +0.64% | |
| Price / MAexp20: | +2.28% | |
| Price / MAexp50: | +5.88% | |
| Price / MAexp100: | +10.98% |
News
The latest news and videos published on CTS EVENTIM KGAA at the time of the analysis were as follows:
- DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM enters Russian Live Entertainment market with acquisition of Talent Concert International
- DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM accelerates revenue and earnings growth in second quarter
- DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM and Fnac Darty start exclusive negotiations on strategic ticketing partnership in France
- DGAP-Adhoc: CTS Eventim AG & Co. KGaA: CTS EVENTIM AG & Co. KGaA and Fnac Darty S.A. start exclusive negotiations on strategic ticketing partnership in France
- DGAP-Adhoc: CTS Eventim AG & Co. KGaA: CTS EVENTIM AG & Co. KGaA reviews Federal Ministry of Transport and Digital Infrastructure's termination of operator contract to levy infrastructure charge
This member declared not having a position on this financial instrument or a related financial instrument.
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