NORDEX SE O.N. - 1H - Technical analysis published on 12/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 10.342 EUR
My targets
9.831 EUR (-1.47%)
9.588 EUR (-3.91%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NORDEX SE O.N. as long as the price remains well below 10.342 EUR. The sellers' bearish objective is set at 9.831 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.588 EUR. In case of crossing, the next objective would be the support located at 7.373 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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Additional analysis
Quotes
The NORDEX SE O.N. price is 9.978 EUR. The price is lower by -0.22% since the last closing with the lowest point at 9.900 EUR and the highest point at 10.070 EUR. The deviation from the price is +0.79% for the low point and -0.91% for the high point.9.900
10.070
9.978
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
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
A technical analysis in 1H of this NORDEX SE O.N. chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.373 | 9.588 | 9.831 | 9.978 | 9.993 | 10.342 | 10.648 |
| Change (%) | -26.11% | -3.91% | -1.47% | - | +0.15% | +3.65% | +6.71% |
| Change | -2.605 | -0.390 | -0.147 | - | +0.015 | +0.364 | +0.670 |
| Level | Major | Major | Minor | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.483 | 9.707 | 9.853 | 10.077 | 10.223 | 10.447 | 10.593 |
| Camarilla | 9.898 | 9.932 | 9.966 | 10.000 | 10.034 | 10.068 | 10.102 |
| Woodie | 9.445 | 9.688 | 9.815 | 10.058 | 10.185 | 10.428 | 10.555 |
| Fibonacci | 9.707 | 9.848 | 9.935 | 10.077 | 10.218 | 10.305 | 10.447 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.933 | 9.272 | 9.793 | 10.132 | 10.653 | 10.992 | 11.513 |
| Camarilla | 10.079 | 10.157 | 10.236 | 10.315 | 10.394 | 10.473 | 10.552 |
| Woodie | 9.025 | 9.318 | 9.885 | 10.178 | 10.745 | 11.038 | 11.605 |
| Fibonacci | 9.272 | 9.600 | 9.803 | 10.132 | 10.460 | 10.663 | 10.992 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.353 | 8.400 | 9.282 | 10.329 | 11.211 | 12.258 | 13.140 |
| Camarilla | 9.635 | 9.811 | 9.988 | 10.165 | 10.342 | 10.519 | 10.696 |
| Woodie | 7.272 | 8.359 | 9.201 | 10.288 | 11.130 | 12.217 | 13.059 |
| Fibonacci | 8.400 | 9.137 | 9.592 | 10.329 | 11.066 | 11.521 | 12.258 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.28 | |
| MACD (12,26,9): | -0.0940 | |
| Directional Movement: | -26.389 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 10.084 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.292 | |
| Elder Ray (13): | -0.144 | |
| Super Trend (3,10): | 10.303 | |
| Zig ZAG (10): | 10.010 | |
| VORTEX (21): | 0.7630 | |
| Stochastique (14,3,5): | 11.44 | |
| TEMA (21): | 9.973 | |
| Williams %R (14): | -85.00 | |
| Chande Momentum Oscillator (20): | -0.436 | |
| Repulse (5,40,3): | -0.6990 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0820 | |
| Courbe Coppock: | 7.84 |
| MA7: | 10.226 | |
| MA20: | 10.294 | |
| MA50: | 10.287 | |
| MA100: | 10.946 | |
| MAexp7: | 10.027 | |
| MAexp20: | 10.187 | |
| MAexp50: | 10.232 | |
| MAexp100: | 10.228 | |
| Price / MA7: | -2.43% | |
| Price / MA20: | -3.07% | |
| Price / MA50: | -3.00% | |
| Price / MA100: | -8.84% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -2.05% | |
| Price / MAexp50: | -2.48% | |
| Price / MAexp100: | -2.44% |
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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