NORDEX SE O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NDX1
ISIN:	DE000A0D6554

NORDEX SE O.N. - 1H - Technical analysis published on 11/10/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 10.463 EUR

My targets

10.965 EUR (+1.67%)

11.100 EUR (+2.92%)

My analysis

The basic bullish trend is very strong on NORDEX SE O.N. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 10.463 EUR. Crossing the first resistance at 10.965 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 11.100 EUR as an objective. Crossing it would then enable buyers to target 11.997 EUR. Caution, a return to below 10.463 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The NORDEX SE O.N. rating is 10.785 EUR. The price is lower by -1.24% since the last closing and was traded between 10.650 EUR and 10.885 EUR over the period. The price is currently at +1.27% from its lowest and -0.92% from its highest.

10.650

10.885

10.785

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

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NORDEX SE O.N. chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

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:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.323	10.463	10.745	10.785	10.965	11.100	11.997
Change (%)	-4.28%	-2.99%	-0.37%	-	+1.67%	+2.92%	+11.24%
Change	-0.462	-0.322	-0.040	-	+0.180	+0.315	+1.212
Level	Major	Intermediate	Intermediate	-	Minor	Major	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	10.088	10.277	10.598	10.787	11.108	11.297	11.618
Camarilla	10.780	10.827	10.873	10.920	10.967	11.014	11.060
Woodie	10.155	10.310	10.665	10.820	11.175	11.330	11.685
Fibonacci	10.277	10.472	10.592	10.787	10.982	11.102	11.297

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.130	8.788	9.649	10.307	11.168	11.826	12.687
Camarilla	10.092	10.232	10.371	10.510	10.649	10.789	10.928
Woodie	8.232	8.839	9.751	10.358	11.270	11.877	12.789
Fibonacci	8.788	9.368	9.727	10.307	10.887	11.246	11.826

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.241	7.785	8.856	10.400	11.471	13.015	14.086
Camarilla	9.207	9.447	9.686	9.926	10.166	10.405	10.645
Woodie	6.004	7.667	8.619	10.282	11.234	12.897	13.849
Fibonacci	7.785	8.784	9.401	10.400	11.399	12.016	13.015

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):	52.36
MACD (12,26,9):	0.0440
Directional Movement:	0.210
AROON (14):	42.857
DEMA (21):	10.831
Parabolic SAR (0,02-0,02-0,2):	10.944
Elder Ray (13):	-0.013
Super Trend (3,10):	10.409
Zig ZAG (10):	10.790
VORTEX (21):	0.9270
Stochastique (14,3,5):	59.66
TEMA (21):	10.797
Williams %R (14):	-35.71
Chande Momentum Oscillator (20):	0.030
Repulse (5,40,3):	0.6830
ROCnROLL:	1
TRIX (15,9):	0.0840
Courbe Coppock:	1.02

MA7:	10.551
MA20:	10.182
MA50:	10.681
MA100:	11.227
MAexp7:	10.778
MAexp20:	10.764
MAexp50:	10.628
MAexp100:	10.464
Price / MA7:	+2.22%
Price / MA20:	+5.92%
Price / MA50:	+0.97%
Price / MA100:	-3.94%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.20%
Price / MAexp50:	+1.48%
Price / MAexp100:	+3.07%

Quotes : - 15 min delayed data - Germany Stocks

News

Don't forget to follow the news on NORDEX SE O.N.. At the time of publication of this analysis, the latest news was as follows:

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

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