NORDEX SE O.N. - 1H - Technical analysis published on 02/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 14.185 EUR
My targets
14.460 EUR (+1.15%)
14.602 EUR (+2.15%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NORDEX SE O.N. as long as the price remains well above 14.185 EUR. The buyers' bullish objective is set at 14.460 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14.602 EUR. If there is any crossing, the next objective would be the resistance located at 14.840 EUR.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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Additional analysis
Quotes
The NORDEX SE O.N. rating is 14.295 EUR. The price registered an increase of +2.33% on the session and was traded between 14.020 EUR and 14.310 EUR over the period. The price is currently at +1.96% from its lowest and -0.10% from its highest.14.020
14.310
14.295
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.460 | 13.625 | 14.185 | 14.295 | 14.460 | 14.602 | 14.840 |
| Change (%) | -5.84% | -4.69% | -0.77% | - | +1.15% | +2.15% | +3.81% |
| Change | -0.835 | -0.670 | -0.110 | - | +0.165 | +0.307 | +0.545 |
| Level | Minor | Major | Minor | - | Major | 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 | 12.835 | 13.180 | 13.575 | 13.920 | 14.315 | 14.660 | 15.055 |
| Camarilla | 13.767 | 13.834 | 13.902 | 13.970 | 14.038 | 14.106 | 14.174 |
| Woodie | 12.860 | 13.193 | 13.600 | 13.933 | 14.340 | 14.673 | 15.080 |
| Fibonacci | 13.180 | 13.463 | 13.637 | 13.920 | 14.203 | 14.377 | 14.660 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.187 | 12.738 | 13.362 | 13.913 | 14.537 | 15.088 | 15.712 |
| Camarilla | 13.662 | 13.770 | 13.877 | 13.985 | 14.093 | 14.200 | 14.308 |
| Woodie | 12.223 | 12.756 | 13.398 | 13.931 | 14.573 | 15.106 | 15.748 |
| Fibonacci | 12.738 | 13.187 | 13.465 | 13.913 | 14.362 | 14.640 | 15.088 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.002 | 11.283 | 12.587 | 13.868 | 15.172 | 16.453 | 17.757 |
| Camarilla | 13.179 | 13.416 | 13.653 | 13.890 | 14.127 | 14.364 | 14.601 |
| Woodie | 10.013 | 11.289 | 12.598 | 13.874 | 15.183 | 16.459 | 17.768 |
| Fibonacci | 11.283 | 12.271 | 12.881 | 13.868 | 14.856 | 15.466 | 16.453 |
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): | 59.95 | |
| MACD (12,26,9): | 0.0830 | |
| Directional Movement: | 4.030 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 14.102 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.683 | |
| Elder Ray (13): | 0.153 | |
| Super Trend (3,10): | 13.740 | |
| Zig ZAG (10): | 14.210 | |
| VORTEX (21): | 1.0940 | |
| Stochastique (14,3,5): | 83.85 | |
| TEMA (21): | 14.186 | |
| Williams %R (14): | -6.83 | |
| Chande Momentum Oscillator (20): | 0.540 | |
| Repulse (5,40,3): | 0.2980 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0480 | |
| Courbe Coppock: | 6.42 |
| MA7: | 13.976 | |
| MA20: | 14.213 | |
| MA50: | 13.356 | |
| MA100: | 11.470 | |
| MAexp7: | 14.131 | |
| MAexp20: | 14.013 | |
| MAexp50: | 13.967 | |
| MAexp100: | 13.998 | |
| Price / MA7: | +2.28% | |
| Price / MA20: | +0.58% | |
| Price / MA50: | +7.03% | |
| Price / MA100: | +24.63% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | +2.01% | |
| Price / MAexp50: | +2.35% | |
| Price / MAexp100: | +2.12% |
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: Enefit Green awards Nordex Group order for 255 MW in Estonia
- Enefit Green signed a contract with Nordex for the supply and maintenance of wind turbines
- Enefit Green signed a contract with Nordex for the supply and maintenance of wind turbines
- EQS-News: Nordex SE: Nordex Group supplied almost one third of newly commissioned onshore wind power capacity in Germany in 2022
- EQS-News: Nordex Group generates order intake of 6.3 GW in the fiscal year 2022
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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