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GRENKE AG NA O.N.
GRENKE AG NA O.N.
528.50 EUR (+0.05%)
03/31/2025 - 10:22 Open 15 min delayed data - Germany Stocks
Open: 529.50
Change: +0.25
Volume: 6,982
Low: 525.50
High: 531.25
High / Low range: 5.75
Type: Stocks
Ticker: GLJ
ISIN: DE000A161N30

GRENKE AG NA O.N. - 1H - Technical analysis published on 09/27/2023 (GMT)

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  • 09/27/2023 - 11:25
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  • Timeframe : 1H
  • - Analysis generated on 09/27/2023 - 11:25
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 22.05 EUR
My targets
20.78 EUR (-2.88%)
18.47 EUR (-13.71%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 22.05 EUR remains possible. It is advisable to trade GRENKE AG NA O.N. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 22.05 EUR. The next bearish objective for sellers is set at 20.78 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 18.47 EUR. In case of crossing, the next objective would be the support located at 18.04 EUR. PS: if there is a bullish break in the resistance located at 22.05 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.3

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Daily Weekly

Additional analysis

Quotes

GRENKE AG NA O.N. rating 21.40 EUR. The price registered an increase of +4.14% on the session and was between 20.65 EUR and 21.40 EUR. This implies that the price is at +3.63% from its lowest and at 0% from its highest.

20.65
21.40
21.40

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GRENKE AG NA O.N.:
Created with Raphaël 2.3.0-37.5-25-12.5012.5January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GRENKE AG NA O.N. chart shows a bearish trend. 75.00% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 5.62 18.04 21.40 22.05 23.16 23.70
Change (%) -73.74% -15.70% - +3.04% +8.22% +10.75%
Change -15.78 -3.36 - +0.65 +1.76 +2.30
Level Minor Major - Intermediate Major Minor



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
Standard18.9519.6520.1020.8021.2521.9522.40
Camarilla20.2320.3420.4520.5520.6620.7620.87
Woodie18.8319.5919.9820.7421.1321.8922.28
Fibonacci19.6520.0920.3620.8021.2421.5121.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.7821.4221.9322.5723.0823.7224.23
Camarilla22.1322.2422.3522.4522.5622.6622.77
Woodie20.7321.3921.8822.5423.0323.6924.18
Fibonacci21.4221.8622.1322.5723.0123.2823.72


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.4720.7322.1224.3825.7728.0329.42
Camarilla22.5022.8323.1723.5023.8424.1724.50
Woodie18.0320.5121.6824.1625.3327.8128.98
Fibonacci20.7322.1322.9924.3825.7826.6428.03

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
Created with Raphaël 2.3.0Buy11
Moving averages
Created with Raphaël 2.3.0Sell21

RSI (14): 49.70
MACD (12,26,9): -0.2800
Directional Movement: -0.08
AROON (14): -57.14
DEMA (21): 20.86
Parabolic SAR (0,02-0,02-0,2): 20.42
Elder Ray (13): 0.27
Super Trend (3,10): 20.70
Zig ZAG (10): 21.40
VORTEX (21): 0.7400
Stochastique (14,3,5): 70.43
TEMA (21): 20.87
Williams %R (14): -8.70
Chande Momentum Oscillator (20): 0.15
Repulse (5,40,3): 1.0000
ROCnROLL: -1
TRIX (15,9): -0.2400
Courbe Coppock: 5.36
MA7: 22.01
MA20: 22.80
MA50: 23.90
MA100: 25.84
MAexp7: 21.10
MAexp20: 21.27
MAexp50: 21.80
MAexp100: 22.30
Price / MA7: -2.77%
Price / MA20: -6.14%
Price / MA50: -10.46%
Price / MA100: -17.18%
Price / MAexp7: +1.42%
Price / MAexp20: +0.61%
Price / MAexp50: -1.83%
Price / MAexp100: -4.04%

Quotes : 09/27/2023 - 11:02 - 15 min delayed data - 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:

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

About author

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