CARL ZEISS MEDITEC AG - 1H - Technical analysis published on 10/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
11%
56%
My opinion
Bearish under 78.28 EUR
My targets
76.80 EUR (-0.75%)
76.06 EUR (-1.71%)
My analysis
The bearish basic trend is very strong on CARL ZEISS MEDITEC AG but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 78.28 EUR. Crossing the first support at 76.80 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 76.06 EUR as an objective. Crossing it would then enable sellers to target 68.71 EUR. Caution, a return to above the resistance located at 78.28 EUR would be a sign of a possible consolidation phase of 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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Additional analysis
Quotes
The CARL ZEISS MEDITEC AG price is 77.38 EUR. On the day, this instrument lost -0.03% and was between 76.70 EUR and 77.74 EUR. This implies that the price is at +0.89% from its lowest and at -0.46% from its highest.76.70
77.74
77.38
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
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 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 CARL ZEISS MEDITEC AG in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish 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
On the 18 technical indicators analysed, 6 are bullish, 10 are neutral and 2 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 68.71 | 76.06 | 76.80 | 77.38 | 78.28 | 79.74 | 81.16 |
| Change (%) | -11.20% | -1.71% | -0.75% | - | +1.16% | +3.05% | +4.88% |
| Change | -8.67 | -1.32 | -0.58 | - | +0.90 | +2.36 | +3.78 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 75.67 | 76.43 | 76.91 | 77.67 | 78.15 | 78.91 | 79.39 |
| Camarilla | 77.06 | 77.17 | 77.29 | 77.40 | 77.51 | 77.63 | 77.74 |
| Woodie | 75.54 | 76.36 | 76.78 | 77.60 | 78.02 | 78.84 | 79.26 |
| Fibonacci | 76.43 | 76.90 | 77.19 | 77.67 | 78.14 | 78.43 | 78.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.25 | 72.65 | 74.81 | 78.21 | 80.37 | 83.77 | 85.93 |
| Camarilla | 75.43 | 75.94 | 76.45 | 76.96 | 77.47 | 77.98 | 78.49 |
| Woodie | 68.62 | 72.34 | 74.18 | 77.90 | 79.74 | 83.46 | 85.30 |
| Fibonacci | 72.65 | 74.78 | 76.09 | 78.21 | 80.34 | 81.65 | 83.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.19 | 69.93 | 76.37 | 85.11 | 91.55 | 100.29 | 106.73 |
| Camarilla | 78.65 | 80.04 | 81.43 | 82.82 | 84.21 | 85.60 | 87.00 |
| Woodie | 60.05 | 69.36 | 75.23 | 84.54 | 90.41 | 99.72 | 105.59 |
| Fibonacci | 69.93 | 75.73 | 79.31 | 85.11 | 90.91 | 94.49 | 100.29 |
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): | 49.64 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -4.99 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 77.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 78.35 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 78.60 | |
| Zig ZAG (10): | 77.60 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 42.13 | |
| TEMA (21): | 77.54 | |
| Williams %R (14): | -47.67 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | 1.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.04 |
| MA7: | 77.98 | |
| MA20: | 79.44 | |
| MA50: | 84.49 | |
| MA100: | 93.91 | |
| MAexp7: | 77.44 | |
| MAexp20: | 77.54 | |
| MAexp50: | 77.98 | |
| MAexp100: | 78.73 | |
| Price / MA7: | -0.77% | |
| Price / MA20: | -2.59% | |
| Price / MA50: | -8.42% | |
| Price / MA100: | -17.60% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.77% | |
| Price / MAexp100: | -1.71% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
The latest news and videos published on CARL ZEISS MEDITEC AG at the time of the analysis were as follows:
- EQS-News: Carl Zeiss Meditec achieves further strong revenue growth after nine months of fiscal year 2022/23 with continued high strategic investments
- EQS-News: Carl Zeiss Meditec achieves double-digit growth in first half year of 2022/23 with declining earnings
- EQS-Adhoc: Forecast for fiscal year 2022/23 refined – Targeting widened and reduced range for EBIT margin – Further growth with reduced earnings in first half year of 2022/23
- EQS-News: Carl Zeiss Meditec achieves further revenue growth in Q1 2022/23 – Orders on hand remain high
- EQS-News: Carl Zeiss Meditec remains on growth course in fiscal year 2021/22
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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