GRENKE AG NA O.N. - Daily - Technical analysis published on 09/14/2022 (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
61%
0%
39%
My opinion
Bearish under 26.01 EUR
My targets
23.26 EUR (-3.96%)
22.39 EUR (-7.56%)
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 23.26 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 22.39 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, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GRENKE AG NA O.N. price is 24.22 EUR. On the day, this instrument lost -0.49% with the lowest point at 23.86 EUR and the highest point at 24.78 EUR. The deviation from the price is +1.51% for the low point and -2.26% for the high point.23.86
24.78
24.22
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GRENKE AG NA O.N. indicates that the overall trend is bearish. 64.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
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 resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.71 | 22.39 | 23.26 | 24.22 | 24.41 | 26.01 | 26.91 |
| Change (%) | -76.42% | -7.56% | -3.96% | - | +0.78% | +7.39% | +11.11% |
| Change | -18.51 | -1.83 | -0.96 | - | +0.19 | +1.79 | +2.69 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.35 | 23.83 | 24.09 | 24.57 | 24.83 | 25.31 | 25.57 |
| Camarilla | 24.14 | 24.20 | 24.27 | 24.34 | 24.41 | 24.48 | 24.54 |
| Woodie | 23.23 | 23.78 | 23.97 | 24.52 | 24.71 | 25.26 | 25.45 |
| Fibonacci | 23.83 | 24.12 | 24.29 | 24.57 | 24.86 | 25.03 | 25.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.24 | 22.90 | 23.30 | 23.96 | 24.36 | 25.02 | 25.42 |
| Camarilla | 23.41 | 23.51 | 23.60 | 23.70 | 23.80 | 23.89 | 23.99 |
| Woodie | 22.11 | 22.84 | 23.17 | 23.90 | 24.23 | 24.96 | 25.29 |
| Fibonacci | 22.90 | 23.31 | 23.56 | 23.96 | 24.37 | 24.62 | 25.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.31 | 20.77 | 22.37 | 24.83 | 26.43 | 28.89 | 30.49 |
| Camarilla | 22.84 | 23.22 | 23.59 | 23.96 | 24.33 | 24.70 | 25.08 |
| Woodie | 17.87 | 20.56 | 21.93 | 24.62 | 25.99 | 28.68 | 30.05 |
| Fibonacci | 20.77 | 22.32 | 23.28 | 24.83 | 26.38 | 27.34 | 28.89 |
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): | 51.06 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | 3.33 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 24.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.52 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 26.07 | |
| Zig ZAG (10): | 24.40 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 69.09 | |
| TEMA (21): | 24.05 | |
| Williams %R (14): | -36.67 | |
| Chande Momentum Oscillator (20): | 0.98 | |
| Repulse (5,40,3): | -0.8400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 1.40 |
| MA7: | 24.11 | |
| MA20: | 24.02 | |
| MA50: | 24.63 | |
| MA100: | 24.82 | |
| MAexp7: | 24.16 | |
| MAexp20: | 24.22 | |
| MAexp50: | 24.49 | |
| MAexp100: | 25.01 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | -1.66% | |
| Price / MA100: | -2.42% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -1.10% | |
| Price / MAexp100: | -3.16% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The last news published on GRENKE AG NA O.N. at the time of the generation of this analysis 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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