NORDEX SE O.N. - 1H - Technical analysis published on 11/30/2023 (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:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 9.841 EUR
My targets
10.342 EUR (+2.60%)
10.644 EUR (+5.60%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NORDEX SE O.N. as long as the price remains well above 9.841 EUR. The buyers' bullish objective is set at 10.342 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.644 EUR. If there is any crossing, the next objective would be the resistance located at 11.100 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 10.342 EUR. On this resistance, against the trend traders who would like to go short on NORDEX SE O.N. with a bearish signal from their trading strategy, should not hesitate to act.
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
3
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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 10.080 EUR. The price has increased by +1.74% since the last closing and was between 9.826 EUR and 10.140 EUR. This implies that the price is at +2.58% from its lowest and at -0.59% from its highest.9.826
10.140
10.080
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NORDEX SE O.N. in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.373 | 9.588 | 9.841 | 10.080 | 10.342 | 10.644 | 11.100 |
| Change (%) | -26.86% | -4.88% | -2.37% | - | +2.60% | +5.60% | +10.12% |
| Change | -2.707 | -0.492 | -0.239 | - | +0.262 | +0.564 | +1.020 |
| Level | Major | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.389 | 9.587 | 9.748 | 9.946 | 10.107 | 10.305 | 10.466 |
| Camarilla | 9.809 | 9.842 | 9.875 | 9.908 | 9.941 | 9.974 | 10.007 |
| Woodie | 9.370 | 9.578 | 9.729 | 9.937 | 10.088 | 10.296 | 10.447 |
| Fibonacci | 9.587 | 9.725 | 9.809 | 9.946 | 10.084 | 10.168 | 10.305 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.836 | 9.336 | 9.645 | 10.145 | 10.454 | 10.954 | 11.263 |
| Camarilla | 9.732 | 9.806 | 9.880 | 9.954 | 10.028 | 10.102 | 10.177 |
| Woodie | 8.741 | 9.288 | 9.550 | 10.097 | 10.359 | 10.906 | 11.168 |
| Fibonacci | 9.336 | 9.645 | 9.836 | 10.145 | 10.454 | 10.645 | 10.954 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.23 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 3.820 | |
| AROON (14): | 7.143 | |
| DEMA (21): | 9.998 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.734 | |
| Elder Ray (13): | 0.064 | |
| Super Trend (3,10): | 9.729 | |
| Zig ZAG (10): | 10.080 | |
| VORTEX (21): | 1.1510 | |
| Stochastique (14,3,5): | 80.93 | |
| TEMA (21): | 10.056 | |
| Williams %R (14): | -18.11 | |
| Chande Momentum Oscillator (20): | 0.020 | |
| Repulse (5,40,3): | 0.7180 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0180 | |
| Courbe Coppock: | 3.94 |
| MA7: | 9.985 | |
| MA20: | 10.400 | |
| MA50: | 10.430 | |
| MA100: | 11.081 | |
| MAexp7: | 10.023 | |
| MAexp20: | 9.970 | |
| MAexp50: | 10.005 | |
| MAexp100: | 10.136 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | -3.08% | |
| Price / MA50: | -3.36% | |
| Price / MA100: | -9.03% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.10% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | -0.55% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
The last news published on NORDEX SE O.N. at the time of the generation of this analysis was as follows:
- EQS-News: Nordex Group receives order from bioconstruct for 41 MW in Germany
- EQS-News: 56 MW from Croatia: Nordex Group receives order for N163/6.X turbines
- EQS-News: Nordex Group achieves positive EBITDA in the third quarter and confirms the guidance
- 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
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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