MORPHOSYS AG O.N.
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 05/10/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 19.325 EUR
My targets
20.900 EUR (+4.03%)
22.230 EUR (+10.65%)
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 20.900 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9

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 20.090 EUR. On the day, this instrument lost -0.15% and was between 19.685 EUR and 20.250 EUR. This implies that the price is at +2.06% from its lowest and at -0.79% from its highest.

19.685
20.250
20.090

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.635 16.518 19.325 20.090 20.900 22.230 23.350
Change (%) -32.13% -17.78% -3.81% - +4.03% +10.65% +16.23%
Change -6.455 -3.572 -0.765 - +0.810 +2.140 +3.260
Level Minor Major Major - Intermediate Minor Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.85519.38019.75020.27520.64521.17021.540
Camarilla19.87419.95620.03820.12020.20220.28420.366
Woodie18.77819.34119.67320.23620.56821.13121.463
Fibonacci19.38019.72219.93320.27520.61720.82821.170


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.27716.39318.42719.54321.57722.69324.727
Camarilla19.59419.88320.17120.46020.74921.03821.326
Woodie15.73516.62318.88519.77322.03522.92325.185
Fibonacci16.39317.59718.34019.54320.74721.49022.693


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.22011.56015.31017.65021.40023.74027.490
Camarilla17.38517.94418.50219.06019.61820.17720.735
Woodie9.92511.91316.01518.00322.10524.09328.195
Fibonacci11.56013.88615.32417.65019.97621.41423.740

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): 65.10
MACD (12,26,9): 0.9290
Directional Movement: 15.925
AROON (14): 28.571
DEMA (21): 20.169
Parabolic SAR (0,02-0,02-0,2): 17.940
Elder Ray (13): 0.458
Super Trend (3,10): 17.489
Zig ZAG (10): 20.030
VORTEX (21): 1.1640
Stochastique (14,3,5): 82.56
TEMA (21): 20.576
Williams %R (14): -23.40
Chande Momentum Oscillator (20): 1.045
Repulse (5,40,3): 4.6750
ROCnROLL: 1
TRIX (15,9): 0.8060
Courbe Coppock: 13.05
MA7: 19.797
MA20: 19.202
MA50: 16.846
MA100: 16.553
MAexp7: 19.883
MAexp20: 18.953
MAexp50: 17.762
MAexp100: 17.357
Price / MA7: +1.48%
Price / MA20: +4.62%
Price / MA50: +19.26%
Price / MA100: +21.37%
Price / MAexp7: +1.04%
Price / MAexp20: +6.00%
Price / MAexp50: +13.11%
Price / MAexp100: +15.75%

Quotes : - 15 min delayed data - Germany Stocks

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

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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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