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 06/28/2023 (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: Bullish

Underlying: Strongly bullish

Technical indicators

11%

44%

My opinion

Bullish above 25.56 EUR

My targets

27.99 EUR (+5.86%)

29.49 EUR (+11.52%)

My analysis

The basic bullish trend is very strong on MORPHOSYS AG O.N. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 25.56 EUR. Crossing the first resistance at 27.99 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 29.49 EUR as an objective. Crossing it would then enable buyers to target 33.24 EUR. Caution, a return to below 25.56 EUR would be a sign of a consolidation phase in 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, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

3.9

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

The MORPHOSYS AG O.N. rating is 26.44 EUR. The price registered an increase of +2.44% on the session with the lowest point at 26.21 EUR and the highest point at 26.44 EUR. The deviation from the price is +0.88% for the low point and 0% for the high point.

26.21

26.44

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of MORPHOSYS AG O.N. in Daily shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by 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 slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami cross

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.33	22.26	25.56	26.44	27.99	33.24	50.22
Change (%)	-26.89%	-15.81%	-3.33%	-	+5.86%	+25.72%	+89.94%
Change	-7.11	-4.18	-0.88	-	+1.55	+6.80	+23.78
Level	Intermediate	Minor	Major	-	Major	Minor	Minor

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	23.93	24.82	25.32	26.21	26.71	27.60	28.10
Camarilla	25.43	25.56	25.68	25.81	25.94	26.07	26.19
Woodie	23.73	24.72	25.12	26.11	26.51	27.50	27.90
Fibonacci	24.82	25.35	25.68	26.21	26.74	27.07	27.60

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.46	25.69	26.57	27.80	28.68	29.91	30.79
Camarilla	26.86	27.05	27.25	27.44	27.63	27.83	28.02
Woodie	24.28	25.60	26.39	27.71	28.50	29.82	30.61
Fibonacci	25.69	26.50	27.00	27.80	28.61	29.11	29.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.82	14.67	19.23	22.08	26.64	29.49	34.05
Camarilla	21.76	22.44	23.12	23.80	24.48	25.16	25.84
Woodie	12.69	15.10	20.10	22.51	27.51	29.92	34.92
Fibonacci	14.67	17.50	19.25	22.08	24.91	26.66	29.49

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.69
MACD (12,26,9):	0.9600
Directional Movement:	12.53
AROON (14):	7.15
DEMA (21):	27.77
Parabolic SAR (0,02-0,02-0,2):	29.18
Elder Ray (13):	-0.37
Super Trend (3,10):	24.66
Zig ZAG (10):	26.34
VORTEX (21):	1.0000
Stochastique (14,3,5):	27.50
TEMA (21):	27.33
Williams %R (14):	-70.51
Chande Momentum Oscillator (20):	-1.56
Repulse (5,40,3):	-6.3200
ROCnROLL:	-1
TRIX (15,9):	0.8100
Courbe Coppock:	4.23

MA7:	26.95
MA20:	26.74
MA50:	23.38
MA100:	19.96
MAexp7:	26.76
MAexp20:	26.24
MAexp50:	23.82
MAexp100:	21.46
Price / MA7:	-1.89%
Price / MA20:	-1.12%
Price / MA50:	+13.09%
Price / MA100:	+32.46%
Price / MAexp7:	-1.20%
Price / MAexp20:	+0.76%
Price / MAexp50:	+11.00%
Price / MAexp100:	+23.21%

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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