BECHTLE AG O.N. - Daily - Technical analysis published on 07/04/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 43.22 EUR
My targets
41.10 EUR (-2.33%)
35.52 EUR (-15.59%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BECHTLE AG O.N. as long as the price remains well below 43.22 EUR. The sellers' bearish objective is set at 41.10 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 35.52 EUR. In case of crossing, the next objective would be the support located at 32.11 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BECHTLE AG O.N. price is 42.08 EUR. The price is lower by -0.05% since the last closing and was traded between 41.96 EUR and 42.26 EUR over the period. The price is currently at +0.29% from its lowest and -0.43% from its highest.41.96
42.26
42.08
A study of price movements over other periods shows the following variations:
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 BECHTLE AG O.N. in Daily shows a overall strongly bearish trend. 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.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 32.11 | 35.52 | 41.10 | 42.08 | 43.22 | 44.33 | 47.51 |
Change (%) | -23.69% | -15.59% | -2.33% | - | +2.71% | +5.35% | +12.90% |
Change | -9.97 | -6.56 | -0.98 | - | +1.14 | +2.25 | +5.43 |
Level | Major | Minor | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 41.07 | 41.49 | 41.79 | 42.21 | 42.51 | 42.93 | 43.23 |
Camarilla | 41.90 | 41.97 | 42.03 | 42.10 | 42.17 | 42.23 | 42.30 |
Woodie | 41.02 | 41.46 | 41.74 | 42.18 | 42.46 | 42.90 | 43.18 |
Fibonacci | 41.49 | 41.76 | 41.93 | 42.21 | 42.48 | 42.65 | 42.93 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 41.15 | 42.31 | 43.13 | 44.29 | 45.11 | 46.27 | 47.09 |
Camarilla | 43.40 | 43.58 | 43.76 | 43.94 | 44.12 | 44.30 | 44.49 |
Woodie | 40.97 | 42.23 | 42.95 | 44.21 | 44.93 | 46.19 | 46.91 |
Fibonacci | 42.31 | 43.07 | 43.54 | 44.29 | 45.05 | 45.52 | 46.27 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 38.56 | 41.02 | 42.48 | 44.94 | 46.40 | 48.86 | 50.32 |
Camarilla | 42.86 | 43.22 | 43.58 | 43.94 | 44.30 | 44.66 | 45.02 |
Woodie | 38.06 | 40.77 | 41.98 | 44.69 | 45.90 | 48.61 | 49.82 |
Fibonacci | 41.02 | 42.52 | 43.44 | 44.94 | 46.44 | 47.36 | 48.86 |
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): | 34.51 | |
MACD (12,26,9): | -0.9600 | |
Directional Movement: | -18.08 | |
AROON (14): | -42.86 | |
DEMA (21): | 42.90 | |
Parabolic SAR (0,02-0,02-0,2): | 44.85 | |
Elder Ray (13): | -1.32 | |
Super Trend (3,10): | 45.02 | |
Zig ZAG (10): | 42.08 | |
VORTEX (21): | 0.8600 | |
Stochastique (14,3,5): | 25.96 | |
TEMA (21): | 42.34 | |
Williams %R (14): | -72.22 | |
Chande Momentum Oscillator (20): | -2.30 | |
Repulse (5,40,3): | -0.5000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.2000 | |
Courbe Coppock: | 10.83 |
MA7: | 42.94 | |
MA20: | 44.46 | |
MA50: | 45.31 | |
MA100: | 46.69 | |
MAexp7: | 42.78 | |
MAexp20: | 44.04 | |
MAexp50: | 45.19 | |
MAexp100: | 45.76 | |
Price / MA7: | -2.00% | |
Price / MA20: | -5.35% | |
Price / MA50: | -7.13% | |
Price / MA100: | -9.87% | |
Price / MAexp7: | -1.64% | |
Price / MAexp20: | -4.45% | |
Price / MAexp50: | -6.88% | |
Price / MAexp100: | -8.04% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
The latest news and videos published on BECHTLE AG O.N. at the time of the analysis were as follows:
- EQS-News: Bechtle Affirms Forecast for the Year As a Whole
- EQS-News: Bechtle Stays Locked on to Success: Revenue, Earnings and Cash Flow Increase
- EQS-News: Bechtle continues successful streak in 2023
- EQS-Adhoc: Bechtle AG: Bechtle AG successfully places €300 million convertible bonds
- EQS-Adhoc: Bechtle AG: Bechtle AG launches offering of up to €300 million convertible bonds
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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