MORPHOSYS AG O.N.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MOR
ISIN:	DE0006632003

MORPHOSYS AG O.N. - Daily - Technical analysis published on 11/17/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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MORPHOSYS AG O.N. Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 16.587 EUR

My targets

14.232 EUR (-4.07%)

10.263 EUR (-30.82%)

My analysis

The bearish trend is currently very strong for MORPHOSYS AG O.N.. As long as the price remains below the resistance at 16.587 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 14.232 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.263 EUR as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.8

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.

This analysis was given by Londinia.

Additional analysis

Quotes

MORPHOSYS AG O.N. rating 14.835 EUR. The price has increased by +3.02% since the last closing with the lowest point at 14.375 EUR and the highest point at 15.220 EUR. The deviation from the price is +3.20% for the low point and -2.53% for the high point.

14.375

15.220

14.835

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

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:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly

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

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this Daily chart of MORPHOSYS AG 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.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	14.835	16.587	18.641	20.415
Change (%)	-	+11.81%	+25.66%	+37.61%
Change	-	+1.752	+3.806	+5.580
Level	-	Major	Intermediate	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	13.187	13.543	13.972	14.328	14.757	15.113	15.542
Camarilla	14.184	14.256	14.328	14.400	14.472	14.544	14.616
Woodie	13.223	13.561	14.008	14.346	14.793	15.131	15.578
Fibonacci	13.543	13.843	14.029	14.328	14.628	14.814	15.113

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.177	18.213	19.557	20.593	21.937	22.973	24.317
Camarilla	20.246	20.464	20.682	20.900	21.118	21.336	21.555
Woodie	17.330	18.290	19.710	20.670	22.090	23.050	24.470
Fibonacci	18.213	19.123	19.684	20.593	21.503	22.064	22.973

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.263	14.232	16.693	20.662	23.123	27.092	29.553
Camarilla	17.387	17.976	18.566	19.155	19.744	20.334	20.923
Woodie	9.510	13.855	15.940	20.285	22.370	26.715	28.800
Fibonacci	14.232	16.688	18.205	20.662	23.118	24.635	27.092

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):	30.58
MACD (12,26,9):	-1.2120
Directional Movement:	-19.011
AROON (14):	-21.428
DEMA (21):	17.070
Parabolic SAR (0,02-0,02-0,2):	21.175
Elder Ray (13):	-2.847
Super Trend (3,10):	18.782
Zig ZAG (10):	14.825
VORTEX (21):	0.8260
Stochastique (14,3,5):	8.37
TEMA (21):	15.989
Williams %R (14):	-88.03
Chande Momentum Oscillator (20):	-4.895
Repulse (5,40,3):	-0.5280
ROCnROLL:	2
TRIX (15,9):	-0.3740
Courbe Coppock:	29.56

MA7:	17.196
MA20:	18.841
MA50:	19.706
MA100:	20.191
MAexp7:	16.440
MAexp20:	18.357
MAexp50:	19.342
MAexp100:	20.110
Price / MA7:	-13.73%
Price / MA20:	-21.26%
Price / MA50:	-24.72%
Price / MA100:	-26.53%
Price / MAexp7:	-9.76%
Price / MAexp20:	-19.19%
Price / MAexp50:	-23.30%
Price / MAexp100:	-26.23%

Quotes : - 15 min delayed data - Germany Stocks

News

Don't forget to follow the news on MORPHOSYS AG O.N.. At the time of publication of this analysis, the latest news was as follows:

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

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