STROEER SE + CO. KGAA

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SAX
ISIN:	DE0007493991

STROEER SE + CO. KGAA - 1H - Technical analysis published on 04/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 57.15 EUR

My targets

59.05 EUR (+1.29%)

62.93 EUR (+7.94%)

My analysis

The basic bullish trend is very strong on STROEER SE + CO. KGAA but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 57.15 EUR. Crossing the first resistance at 59.05 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 62.93 EUR as an objective. Crossing it would then enable buyers to target 71.51 EUR. Caution, a return to below 57.15 EUR would be a sign of a consolidation phase in the short-term basic trend. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.1

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

STROEER SE + CO. KGAA rating 58.30 EUR. The price registered a decrease of -0.43% on the session and was traded between 58.00 EUR and 58.35 EUR over the period. The price is currently at +0.52% from its lowest and -0.09% from its highest.

58.00

58.35

58.30

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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 horizontal support

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	55.91	57.15	58.18	58.30	59.05	62.93	71.51
Change (%)	-4.10%	-1.97%	-0.21%	-	+1.29%	+7.94%	+22.66%
Change	-2.39	-1.15	-0.12	-	+0.75	+4.63	+13.21
Level	Intermediate	Minor	Major	-	Minor	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	55.97	56.68	57.62	58.33	59.27	59.98	60.92
Camarilla	58.10	58.25	58.40	58.55	58.70	58.85	59.00
Woodie	56.08	56.74	57.73	58.39	59.38	60.04	61.03
Fibonacci	56.68	57.31	57.70	58.33	58.96	59.35	59.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.00	53.40	55.55	56.95	59.10	60.50	62.65
Camarilla	56.72	57.05	57.38	57.70	58.03	58.35	58.68
Woodie	52.38	53.59	55.93	57.14	59.48	60.69	63.03
Fibonacci	53.40	54.76	55.59	56.95	58.31	59.14	60.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.82	49.03	52.72	54.93	58.62	60.83	64.52
Camarilla	54.78	55.32	55.86	56.40	56.94	57.48	58.02
Woodie	47.55	49.40	53.45	55.30	59.35	61.20	65.25
Fibonacci	49.03	51.29	52.68	54.93	57.19	58.58	60.83

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):	52.24
MACD (12,26,9):	0.2400
Directional Movement:	-7.76
AROON (14):	42.86
DEMA (21):	58.62
Parabolic SAR (0,02-0,02-0,2):	57.24
Elder Ray (13):	-0.10
Super Trend (3,10):	57.63
Zig ZAG (10):	58.30
VORTEX (21):	1.0200
Stochastique (14,3,5):	67.96
TEMA (21):	58.64
Williams %R (14):	-40.54
Chande Momentum Oscillator (20):	0.55
Repulse (5,40,3):	-0.0100
ROCnROLL:	-1
TRIX (15,9):	0.0600
Courbe Coppock:	4.04

MA7:	57.88
MA20:	56.49
MA50:	54.50
MA100:	53.76
MAexp7:	58.49
MAexp20:	58.30
MAexp50:	57.81
MAexp100:	57.16
Price / MA7:	+0.73%
Price / MA20:	+3.20%
Price / MA50:	+6.97%
Price / MA100:	+8.44%
Price / MAexp7:	-0.32%
Price / MAexp20:	-0%
Price / MAexp50:	+0.85%
Price / MAexp100:	+1.99%

Quotes : - 15 min delayed data - Germany Stocks

News

The last news published on STROEER SE + CO. KGAA at the time of the generation of this analysis was as follows:

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

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