MORPHOSYS AG O.N. - 1H - Technical analysis published on 08/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
MORPHOSYS AG O.N. Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 27.99 EUR
My targets
28.63 EUR (+1.31%)
29.14 EUR (+3.11%)
My analysis
MORPHOSYS AG O.N. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 27.99 EUR. The next resistance located at 28.63 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 29.14 EUR. After this resistance, buyers could then target 29.94 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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This analysis was given by Londinia.
Additional analysis
Quotes
The MORPHOSYS AG O.N. rating is 28.26 EUR. The price registered an increase of +0.28% on the session and was traded between 28.12 EUR and 29.02 EUR over the period. The price is currently at +0.50% from its lowest and -2.62% from its highest.28.12
29.02
28.26
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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:
Technical
A technical analysis in 1H 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 probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.59 | 27.30 | 27.99 | 28.26 | 28.63 | 29.14 | 29.94 |
| Change (%) | -5.91% | -3.40% | -0.96% | - | +1.31% | +3.11% | +5.94% |
| Change | -1.67 | -0.96 | -0.27 | - | +0.37 | +0.88 | +1.68 |
| Level | Major | Intermediate | Minor | - | 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 | 26.39 | 26.85 | 27.52 | 27.98 | 28.65 | 29.11 | 29.78 |
| Camarilla | 27.87 | 27.97 | 28.08 | 28.18 | 28.28 | 28.39 | 28.49 |
| Woodie | 26.49 | 26.90 | 27.62 | 28.03 | 28.75 | 29.16 | 29.88 |
| Fibonacci | 26.85 | 27.29 | 27.55 | 27.98 | 28.42 | 28.68 | 29.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.57 | 25.58 | 26.58 | 27.59 | 28.59 | 29.60 | 30.60 |
| Camarilla | 27.02 | 27.20 | 27.39 | 27.57 | 27.75 | 27.94 | 28.12 |
| Woodie | 24.56 | 25.58 | 26.57 | 27.59 | 28.58 | 29.60 | 30.59 |
| Fibonacci | 25.58 | 26.35 | 26.83 | 27.59 | 28.36 | 28.84 | 29.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.43 | 21.96 | 24.27 | 27.80 | 30.11 | 33.64 | 35.95 |
| Camarilla | 24.96 | 25.50 | 26.04 | 26.57 | 27.11 | 27.64 | 28.18 |
| Woodie | 17.81 | 21.66 | 23.65 | 27.50 | 29.49 | 33.34 | 35.33 |
| Fibonacci | 21.96 | 24.19 | 25.57 | 27.80 | 30.03 | 31.41 | 33.64 |
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): | 59.46 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 12.43 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 28.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.85 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 27.49 | |
| Zig ZAG (10): | 28.46 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 66.65 | |
| TEMA (21): | 28.62 | |
| Williams %R (14): | -34.78 | |
| Chande Momentum Oscillator (20): | 0.70 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 5.92 |
| MA7: | 27.73 | |
| MA20: | 28.27 | |
| MA50: | 27.65 | |
| MA100: | 23.79 | |
| MAexp7: | 28.43 | |
| MAexp20: | 28.13 | |
| MAexp50: | 27.83 | |
| MAexp100: | 27.77 | |
| Price / MA7: | +1.91% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | +2.21% | |
| Price / MA100: | +18.79% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +1.55% | |
| Price / MAexp100: | +1.76% |
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:
- EQS-News: MorphoSys AG Reports Second Quarter and First Half 2023 Financial Results
- EQS-News: Invitation to MorphoSys’ Second Quarter and First Half 2023 Financial Results Conference Call on August 10, 2023
- EQS-News: MorphoSys to Host Virtual Investor Call with Key Opinion Leaders Focused on Pelabresib on June 21, 2023
- EQS-News: MorphoSys AG Reports Outcome of Annual General Meeting 2023
- EQS-News: MorphoSys Highlights Potential of Its Mid- to Late-Stage Oncology Pipeline at 2023 ASCO and EHA Annual Meetings
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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