STROEER SE + CO. KGAA - 1H - Technical analysis published on 11/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 50.98 EUR
My targets
55.40 EUR (+5.12%)
58.18 EUR (+10.40%)
My analysis
The bullish trend is currently very strong on STROEER SE + CO. KGAA. As long as the price remains above the support at 50.98 EUR, you could try to benefit from the boom. The first bullish objective is located at 55.40 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 58.18 EUR as an objective. Crossing it would then enable buyers to target 62.69 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
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STROEER SE + CO. KGAA rating is 52.70 EUR. On the day, this instrument gained +1.06% with the lowest point at 52.10 EUR and the highest point at 52.70 EUR. The deviation from the price is +1.15% for the low point and 0% for the high point.52.10
52.70
52.70
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 1H chart of STROEER SE + CO. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 49.22 | 50.98 | 52.45 | 52.70 | 58.18 | 62.69 | 71.51 |
| Change (%) | -6.60% | -3.26% | -0.47% | - | +10.40% | +18.96% | +35.69% |
| Change | -3.48 | -1.72 | -0.25 | - | +5.48 | +9.99 | +18.81 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.83 | 51.32 | 51.73 | 52.22 | 52.63 | 53.12 | 53.53 |
| Camarilla | 51.90 | 51.99 | 52.07 | 52.15 | 52.23 | 52.32 | 52.40 |
| Woodie | 50.80 | 51.30 | 51.70 | 52.20 | 52.60 | 53.10 | 53.50 |
| Fibonacci | 51.32 | 51.66 | 51.87 | 52.22 | 52.56 | 52.77 | 53.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.27 | 48.35 | 49.98 | 51.06 | 52.69 | 53.77 | 55.40 |
| Camarilla | 50.86 | 51.10 | 51.35 | 51.60 | 51.85 | 52.10 | 52.35 |
| Woodie | 47.54 | 48.49 | 50.25 | 51.20 | 52.96 | 53.91 | 55.67 |
| Fibonacci | 48.35 | 49.39 | 50.03 | 51.06 | 52.10 | 52.74 | 53.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.01 | 39.87 | 41.55 | 43.41 | 45.09 | 46.95 | 48.63 |
| Camarilla | 42.27 | 42.59 | 42.92 | 43.24 | 43.57 | 43.89 | 44.21 |
| Woodie | 37.93 | 39.83 | 41.47 | 43.37 | 45.01 | 46.91 | 48.55 |
| Fibonacci | 39.87 | 41.22 | 42.05 | 43.41 | 44.76 | 45.59 | 46.95 |
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): | 61.85 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 12.02 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 52.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 51.85 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 52.80 | |
| Zig ZAG (10): | 52.70 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 76.59 | |
| TEMA (21): | 52.35 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.60 | |
| Repulse (5,40,3): | 1.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.68 |
| MA7: | 52.18 | |
| MA20: | 48.59 | |
| MA50: | 45.34 | |
| MA100: | 44.23 | |
| MAexp7: | 52.45 | |
| MAexp20: | 52.38 | |
| MAexp50: | 52.07 | |
| MAexp100: | 50.95 | |
| Price / MA7: | +1.00% | |
| Price / MA20: | +8.46% | |
| Price / MA50: | +16.23% | |
| Price / MA100: | +19.15% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +1.21% | |
| Price / MAexp100: | +3.43% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on STROEER SE + CO. KGAA. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: Ströer SE & Co. KGaA: Notification pursuant to section 49 (1) sentence 1 no. 2 WpHG (resolution on the retirement of treasury shares and reduction of share capital)
- EQS-Adhoc: Ströer SE & Co. KGaA: Ströer decides to amend its capital allocation strategy and approves initial share buyback of up to EUR 50m
- DGAP-Adhoc: Ströer SE & Co. KGaA: After an excellent first quarter in 2020, Ströer is optimally prepared for the coronavirus crisis - effects on revenue and earnings expected for fiscal year 2020
- DGAP-Adhoc: Ströer SE & Co. KGaA: Board of management and supervisory board propose dividend of EUR 2.00 (prior year: EUR 1.30). Increase in dividend payout to between 50% and 75% (previously 25% to 50%).
- DGAP-News: Ströer SE & Co. KGaA: Ströer continues on a successful course in the third quarter and expects more profitable growth in 2018
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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