NORDEX SE O.N. - 1H - Technical analysis published on 11/29/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
39%
39%
22%
My opinion
Bearish under 12.180 EUR
My targets
11.322 EUR (-4.74%)
10.762 EUR (-9.45%)
My analysis
The strong short-term decline in NORDEX SE O.N. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 12.180 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 11.322 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.762 EUR as an objective. Crossing it would then enable sellers to target 9.894 EUR. Be careful, a return to above 12.180 EUR could jeopardize the reversal.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NORDEX SE O.N. rating 11.885 EUR. The price is lower by -0.08% since the last closing and was between 11.705 EUR and 11.935 EUR. This implies that the price is at +1.54% from its lowest and at -0.42% from its highest.11.705
11.935
11.885
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:
Technical
A technical analysis in 1H of this NORDEX SE O.N. chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
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 support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.762 | 11.322 | 11.850 | 11.885 | 12.180 | 12.555 | 14.038 |
| Change (%) | -9.45% | -4.74% | -0.29% | - | +2.48% | +5.64% | +18.12% |
| Change | -1.123 | -0.563 | -0.035 | - | +0.295 | +0.670 | +2.153 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 11.307 | 11.538 | 11.717 | 11.948 | 12.127 | 12.358 | 12.537 |
| Camarilla | 11.782 | 11.820 | 11.857 | 11.895 | 11.933 | 11.970 | 12.008 |
| Woodie | 11.280 | 11.525 | 11.690 | 11.935 | 12.100 | 12.345 | 12.510 |
| Fibonacci | 11.538 | 11.695 | 11.792 | 11.948 | 12.105 | 12.202 | 12.358 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.422 | 10.948 | 11.477 | 12.003 | 12.532 | 13.058 | 13.587 |
| Camarilla | 11.715 | 11.812 | 11.908 | 12.005 | 12.102 | 12.198 | 12.295 |
| Woodie | 10.423 | 10.949 | 11.478 | 12.004 | 12.533 | 13.059 | 13.588 |
| Fibonacci | 10.948 | 11.351 | 11.600 | 12.003 | 12.406 | 12.655 | 13.058 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.650 | 6.442 | 7.950 | 8.742 | 10.250 | 11.042 | 12.550 |
| Camarilla | 8.826 | 9.036 | 9.247 | 9.458 | 9.669 | 9.880 | 10.091 |
| Woodie | 6.008 | 6.621 | 8.308 | 8.921 | 10.608 | 11.221 | 12.908 |
| Fibonacci | 6.442 | 7.321 | 7.863 | 8.742 | 9.621 | 10.163 | 11.042 |
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): | 48.21 | |
| MACD (12,26,9): | -0.0560 | |
| Directional Movement: | -0.973 | |
| AROON (14): | -71.428 | |
| DEMA (21): | 11.874 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.046 | |
| Elder Ray (13): | -0.061 | |
| Super Trend (3,10): | 12.068 | |
| Zig ZAG (10): | 11.920 | |
| VORTEX (21): | 0.7730 | |
| Stochastique (14,3,5): | 20.40 | |
| TEMA (21): | 11.786 | |
| Williams %R (14): | -54.74 | |
| Chande Momentum Oscillator (20): | -0.085 | |
| Repulse (5,40,3): | 1.3670 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0520 | |
| Courbe Coppock: | 2.74 |
| MA7: | 11.966 | |
| MA20: | 10.998 | |
| MA50: | 9.535 | |
| MA100: | 9.559 | |
| MAexp7: | 11.860 | |
| MAexp20: | 11.932 | |
| MAexp50: | 11.892 | |
| MAexp100: | 11.555 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | +8.07% | |
| Price / MA50: | +24.65% | |
| Price / MA100: | +24.33% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +2.86% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on NORDEX SE O.N. at the time of the analysis were as follows:
- EQS-News: Nordex SE: Nordex Group to supply VSB Group turbines for 41.6 MW wind farm in Poland
- EQS-News: Nordex SE: Nordex Group receives orders for 43 MW from Belgium
- EQS-News: Nordex SE: Nordex Group receives 35 MW order from Poland
- EQS-News: Nordex SE: Nordex Group achieves sales of EUR 3.9bn along with solid order intake
- EQS-News: Nordex SE: Nordex Group wins 48 MW order in Poland
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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