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 05/02/2023 (GMT)

Londinia

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Timeframe : Daily
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MORPHOSYS AG O.N. Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 19.325 EUR

My targets

20.890 EUR (+6.23%)

22.230 EUR (+13.04%)

My analysis

The bullish trend is currently very strong on MORPHOSYS AG O.N.. As long as the price remains above the support at 19.325 EUR, you could try to benefit from the boom. The first bullish objective is located at 20.890 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 22.230 EUR as an objective. Crossing it would then enable buyers to target 23.350 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 19.665 EUR. On the day, this instrument gained +3.17% with the lowest point at 19.180 EUR and the highest point at 19.960 EUR. The deviation from the price is +2.53% for the low point and -1.48% for the high point.

19.180

19.960

19.665

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MORPHOSYS AG O.N. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.635	16.518	19.325	19.665	20.890	22.230	23.350
Change (%)	-30.66%	-16.00%	-1.73%	-	+6.23%	+13.04%	+18.74%
Change	-6.030	-3.147	-0.340	-	+1.225	+2.565	+3.685
Level	Minor	Major	Major	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.872	18.183	18.622	18.933	19.372	19.683	20.122
Camarilla	18.854	18.923	18.991	19.060	19.129	19.198	19.266
Woodie	17.935	18.215	18.685	18.965	19.435	19.715	20.185
Fibonacci	18.183	18.470	18.647	18.933	19.220	19.397	19.683

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.837	17.653	18.357	19.173	19.877	20.693	21.397
Camarilla	18.642	18.781	18.921	19.060	19.199	19.339	19.478
Woodie	16.780	17.625	18.300	19.145	19.820	20.665	21.340
Fibonacci	17.653	18.234	18.593	19.173	19.754	20.113	20.693

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.220	11.560	15.310	17.650	21.400	23.740	27.490
Camarilla	17.385	17.944	18.502	19.060	19.618	20.177	20.735
Woodie	9.925	11.913	16.015	18.003	22.105	24.093	28.195
Fibonacci	11.560	13.886	15.324	17.650	19.976	21.414	23.740

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):	68.74
MACD (12,26,9):	0.9370
Directional Movement:	19.714
AROON (14):	64.286
DEMA (21):	19.327
Parabolic SAR (0,02-0,02-0,2):	18.495
Elder Ray (13):	0.884
Super Trend (3,10):	17.099
Zig ZAG (10):	19.665
VORTEX (21):	1.2060
Stochastique (14,3,5):	77.78
TEMA (21):	19.963
Williams %R (14):	-11.75
Chande Momentum Oscillator (20):	0.955
Repulse (5,40,3):	4.5420
ROCnROLL:	1
TRIX (15,9):	0.7910
Courbe Coppock:	32.63

MA7:	19.207
MA20:	17.996
MA50:	16.597
MA100:	16.293
MAexp7:	19.136
MAexp20:	18.169
MAexp50:	17.196
MAexp100:	17.036
Price / MA7:	+2.38%
Price / MA20:	+9.27%
Price / MA50:	+18.49%
Price / MA100:	+20.70%
Price / MAexp7:	+2.76%
Price / MAexp20:	+8.23%
Price / MAexp50:	+14.36%
Price / MAexp100:	+15.43%

Quotes : - 15 min delayed data - Germany Stocks

News

The last news published on MORPHOSYS AG O.N. at the time of the generation of this analysis was as follows:

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

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