NORDEX SE O.N. - Daily - Technical analysis published on 01/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 10.140 EUR
My targets
8.560 EUR (-8.61%)
7.373 EUR (-21.28%)
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 10.140 EUR. The sellers' bearish objective is set at 8.560 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.373 EUR. In case of crossing, the next objective would be the support located at 2.652 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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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 9.366 EUR. The price has increased by +2.16% since the last closing with the lowest point at 9.212 EUR and the highest point at 9.396 EUR. The deviation from the price is +1.67% for the low point and -0.32% for the high point.9.212
9.396
9.366
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NORDEX SE O.N.:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NORDEX SE O.N. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% 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.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
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 support of channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.652 | 7.373 | 9.366 | 9.502 | 10.530 | 11.997 |
| Change (%) | -71.68% | -21.28% | - | +1.45% | +12.43% | +28.09% |
| Change | -6.714 | -1.993 | - | +0.136 | +1.164 | +2.631 |
| Level | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.179 | 8.579 | 8.873 | 9.273 | 9.567 | 9.967 | 10.261 |
| Camarilla | 8.977 | 9.041 | 9.104 | 9.168 | 9.232 | 9.295 | 9.359 |
| Woodie | 8.127 | 8.553 | 8.821 | 9.247 | 9.515 | 9.941 | 10.209 |
| Fibonacci | 8.579 | 8.844 | 9.008 | 9.273 | 9.538 | 9.702 | 9.967 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.713 | 9.151 | 9.600 | 10.038 | 10.487 | 10.925 | 11.374 |
| Camarilla | 9.806 | 9.887 | 9.969 | 10.050 | 10.131 | 10.213 | 10.294 |
| Woodie | 8.720 | 9.154 | 9.607 | 10.041 | 10.494 | 10.928 | 11.381 |
| Fibonacci | 9.151 | 9.490 | 9.699 | 10.038 | 10.377 | 10.586 | 10.925 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.560 | 9.000 | 9.700 | 10.140 | 10.840 | 11.280 | 11.980 |
| Camarilla | 10.087 | 10.191 | 10.296 | 10.400 | 10.505 | 10.609 | 10.714 |
| Woodie | 8.690 | 9.065 | 9.830 | 10.205 | 10.970 | 11.345 | 12.110 |
| Fibonacci | 9.000 | 9.436 | 9.705 | 10.140 | 10.576 | 10.845 | 11.280 |
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): | 40.34 | |
| MACD (12,26,9): | -0.1330 | |
| Directional Movement: | -14.393 | |
| AROON (14): | -71.428 | |
| DEMA (21): | 9.733 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.572 | |
| Elder Ray (13): | -0.513 | |
| Super Trend (3,10): | 10.495 | |
| Zig ZAG (10): | 9.382 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 15.06 | |
| TEMA (21): | 9.671 | |
| Williams %R (14): | -79.86 | |
| Chande Momentum Oscillator (20): | -1.145 | |
| Repulse (5,40,3): | -5.7950 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 5.63 |
| MA7: | 9.827 | |
| MA20: | 9.935 | |
| MA50: | 10.133 | |
| MA100: | 10.429 | |
| MAexp7: | 9.685 | |
| MAexp20: | 9.885 | |
| MAexp50: | 10.091 | |
| MAexp100: | 10.457 | |
| Price / MA7: | -4.69% | |
| Price / MA20: | -5.73% | |
| Price / MA50: | -7.57% | |
| Price / MA100: | -10.19% | |
| Price / MAexp7: | -3.29% | |
| Price / MAexp20: | -5.25% | |
| Price / MAexp50: | -7.18% | |
| Price / MAexp100: | -10.43% |
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 7.4 GW in the fiscal year 2023
- EQS-News: Nordex Group scores highly in Germany for 2023 in terms of incoming orders and auction rounds
- EQS-News: Nordex Group receives orders for 122 MW from Denker & Wulf AG in Germany
- EQS-News: Nordex Group receives orders for 197 MW from UKA in Germany
- EQS-News: Nordex Group receives orders from the UK for approx. 150 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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