NORDEX SE O.N. - 1H - Technical analysis published on 11/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
0
10
5.5
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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:
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
S3
S2
S1
R1
R2
R3
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 :
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15 min delayed data
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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:
- EQS-News: Nordex Group achieves order intake of over 2.2 gigawatts in the third quarter of 2023
- EQS-News: Nordex SE: Nordex Group receives another order from Spain for 45 MW
- EQS-News: Nordex SE: Nordex Group receives two orders for 135 MW in Italy
- EQS-News: Nordex SE: Nordex Group receives order from Romania for almost 30 MW
- EQS-News: Nordex SE: Nordex Group receives order from Ibereólica for approx. 60 MW in Spain
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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