GRENKE AG NA O.N. - Daily - Technical analysis published on 08/23/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 26.01 EUR
My targets
22.39 EUR (-9.50%)
19.46 EUR (-21.34%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GRENKE AG NA O.N.. As long as you are under the resistance located at 26.01 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 22.39 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 19.46 EUR as an objective. Crossing it would then enable sellers to target 5.71 EUR. If the resistance 26.01 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.5
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Additional analysis
Quotes
The GRENKE AG NA O.N. price is 24.74 EUR. The price registered an increase of +3.00% on the session with the lowest point at 23.82 EUR and the highest point at 24.74 EUR. The deviation from the price is +3.86% for the low point and 0% for the high point.23.82
24.74
24.74
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GRENKE AG NA O.N. in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.71 | 22.39 | 24.74 | 24.76 | 26.01 | 26.90 |
| Change (%) | -76.92% | -9.50% | - | +0.08% | +5.13% | +8.73% |
| Change | -19.03 | -2.35 | - | +0.02 | +1.27 | +2.16 |
| Level | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.41 | 22.83 | 23.43 | 23.85 | 24.45 | 24.87 | 25.47 |
| Camarilla | 23.74 | 23.83 | 23.93 | 24.02 | 24.11 | 24.21 | 24.30 |
| Woodie | 22.49 | 22.88 | 23.51 | 23.90 | 24.53 | 24.92 | 25.55 |
| Fibonacci | 22.83 | 23.22 | 23.46 | 23.85 | 24.24 | 24.48 | 24.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.07 | 22.15 | 22.73 | 23.81 | 24.39 | 25.47 | 26.05 |
| Camarilla | 22.84 | 23.00 | 23.15 | 23.30 | 23.45 | 23.60 | 23.76 |
| Woodie | 20.81 | 22.03 | 22.47 | 23.69 | 24.13 | 25.35 | 25.79 |
| Fibonacci | 22.15 | 22.79 | 23.18 | 23.81 | 24.45 | 24.84 | 25.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.46 | 20.84 | 23.22 | 24.60 | 26.98 | 28.36 | 30.74 |
| Camarilla | 24.57 | 24.91 | 25.26 | 25.60 | 25.95 | 26.29 | 26.63 |
| Woodie | 19.96 | 21.09 | 23.72 | 24.85 | 27.48 | 28.61 | 31.24 |
| Fibonacci | 20.84 | 22.28 | 23.16 | 24.60 | 26.04 | 26.92 | 28.36 |
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): | 49.46 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -2.88 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 24.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.17 | |
| Elder Ray (13): | -0.34 | |
| Super Trend (3,10): | 26.33 | |
| Zig ZAG (10): | 24.74 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 19.21 | |
| TEMA (21): | 24.29 | |
| Williams %R (14): | -63.05 | |
| Chande Momentum Oscillator (20): | -1.94 | |
| Repulse (5,40,3): | 4.3600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 11.69 |
| MA7: | 24.17 | |
| MA20: | 25.18 | |
| MA50: | 24.59 | |
| MA100: | 25.00 | |
| MAexp7: | 24.36 | |
| MAexp20: | 24.76 | |
| MAexp50: | 24.90 | |
| MAexp100: | 25.39 | |
| Price / MA7: | +2.36% | |
| Price / MA20: | -1.75% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | -1.04% | |
| Price / MAexp7: | +1.56% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.64% | |
| Price / MAexp100: | -2.56% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on GRENKE AG NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- DGAP-News: GRENKE AG: GRENKE increases Consolidated Group net profit again in the second quarter of 2022
- DGAP-News: GRENKE AG: S&P affirms BBB+/Negative/A-2 rating for GRENKE AG
- DGAP-News: GRENKE accelerates growth: Another strong increase in new leasing business
- DGAP-News: GRENKE AG: EUR 20 million in additional development loans for small and medium-sized enterprises – NRW.BANK and GRENKE BANK AG launch tenth global loan
- DGAP-News: GRENKE AG: 2022 virtual ordinary Annual General Meeting of GRENKE AG resolves dividend and appoints new Supervisory Board members
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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