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. - Daily - Technical analysis published on 12/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 11.069 EUR

My targets

9.588 EUR (-6.50%)

8.400 EUR (-18.09%)

My analysis

The basic trend is bearish on NORDEX SE O.N. and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 11.069 EUR. Buyers would then use the next resistance located at 11.997 EUR as an objective. Crossing it would then enable buyers to target 13.093 EUR. If there is a return to below the support located at 9.588 EUR, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 8.400 EUR and 7.373 EUR by extension.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.4

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 10.255 EUR. The price registered an increase of +7.52% on the session and was traded between 9.900 EUR and 10.335 EUR over the period. The price is currently at +3.59% from its lowest and -0.77% from its highest.

9.900

10.335

10.255

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

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:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NORDEX SE O.N. chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.660	7.373	9.588	10.255	10.342	11.069	11.997
Change (%)	-44.81%	-28.10%	-6.50%	-	+0.85%	+7.94%	+16.99%
Change	-4.595	-2.882	-0.667	-	+0.087	+0.814	+1.742
Level	Minor	Major	Major	-	Intermediate	Minor	Minor

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	9.234	9.342	9.440	9.548	9.646	9.754	9.852
Camarilla	9.481	9.500	9.519	9.538	9.557	9.576	9.595
Woodie	9.229	9.340	9.435	9.546	9.641	9.752	9.847
Fibonacci	9.342	9.421	9.469	9.548	9.627	9.675	9.754

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.042	9.466	9.732	10.156	10.422	10.846	11.112
Camarilla	9.808	9.872	9.935	9.998	10.061	10.125	10.188
Woodie	8.963	9.427	9.653	10.117	10.343	10.807	11.033
Fibonacci	9.466	9.730	9.892	10.156	10.420	10.582	10.846

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 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):	51.34
MACD (12,26,9):	-0.1260
Directional Movement:	1.556
AROON (14):	-28.571
DEMA (21):	9.961
Parabolic SAR (0,02-0,02-0,2):	10.535
Elder Ray (13):	0.068
Super Trend (3,10):	10.659
Zig ZAG (10):	10.290
VORTEX (21):	0.8900
Stochastique (14,3,5):	28.89
TEMA (21):	9.928
Williams %R (14):	-25.44
Chande Momentum Oscillator (20):	0.510
Repulse (5,40,3):	1.1040
ROCnROLL:	-1
TRIX (15,9):	-0.1360
Courbe Coppock:	2.92

MA7:	9.971
MA20:	10.100
MA50:	10.239
MA100:	10.822
MAexp7:	9.972
MAexp20:	10.111
MAexp50:	10.345
MAexp100:	10.735
Price / MA7:	+2.85%
Price / MA20:	+1.53%
Price / MA50:	+0.16%
Price / MA100:	-5.24%
Price / MAexp7:	+2.84%
Price / MAexp20:	+1.42%
Price / MAexp50:	-0.87%
Price / MAexp100:	-4.47%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on NORDEX SE O.N. at the time of the analysis were as follows:

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

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