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 12/11/2023 (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: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

17%

My opinion

Bullish above 26.57 EUR

My targets

30.02 EUR (+6.45%)

31.56 EUR (+11.91%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on MORPHOSYS AG O.N. as long as the price remains well above 26.57 EUR. The buyers' bullish objective is set at 30.02 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 31.56 EUR. If there is any crossing, the next objective would be the resistance located at 33.24 EUR.

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

5.5

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. price is 28.20 EUR. On the day, this instrument gained +13.76% and was traded between 26.89 EUR and 28.55 EUR over the period. The price is currently at +4.87% from its lowest and -1.23% from its highest.

26.89

28.55

28.20

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 Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of MORPHOSYS AG O.N. in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

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 : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.68	26.57	27.97	28.20	30.02	31.56	33.24
Change (%)	-19.57%	-5.78%	-0.82%	-	+6.45%	+11.91%	+17.87%
Change	-5.52	-1.63	-0.23	-	+1.82	+3.36	+5.04
Level	Major	Intermediate	Major	-	Intermediate	Major	Intermediate

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
Standard	22.60	23.27	24.03	24.70	25.46	26.13	26.89
Camarilla	24.40	24.53	24.66	24.79	24.92	25.05	25.18
Woodie	22.65	23.29	24.08	24.72	25.51	26.15	26.94
Fibonacci	23.27	23.82	24.15	24.70	25.25	25.58	26.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.94	21.34	23.07	25.47	27.20	29.60	31.33
Camarilla	23.65	24.03	24.41	24.79	25.17	25.55	25.93
Woodie	18.60	21.17	22.73	25.30	26.86	29.43	30.99
Fibonacci	21.34	22.92	23.90	25.47	27.05	28.03	29.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-2.75	5.89	15.12	23.76	32.99	41.63	50.86
Camarilla	19.45	21.08	22.72	24.36	26.00	27.64	29.27
Woodie	-2.45	6.04	15.43	23.91	33.30	41.78	51.17
Fibonacci	5.89	12.71	16.93	23.76	30.58	34.80	41.63

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):	61.04
MACD (12,26,9):	0.1100
Directional Movement:	15.45
AROON (14):	100.00
DEMA (21):	23.95
Parabolic SAR (0,02-0,02-0,2):	19.90
Elder Ray (13):	3.30
Super Trend (3,10):	21.05
Zig ZAG (10):	28.29
VORTEX (21):	0.9800
Stochastique (14,3,5):	84.90
TEMA (21):	24.91
Williams %R (14):	-0.62
Chande Momentum Oscillator (20):	11.89
Repulse (5,40,3):	6.0700
ROCnROLL:	1
TRIX (15,9):	-0.5700
Courbe Coppock:	52.40

MA7:	25.82
MA20:	22.47
MA50:	25.20
MA100:	26.73
MAexp7:	25.47
MAexp20:	24.26
MAexp50:	25.13
MAexp100:	25.50
Price / MA7:	+9.22%
Price / MA20:	+25.50%
Price / MA50:	+11.90%
Price / MA100:	+5.50%
Price / MAexp7:	+10.72%
Price / MAexp20:	+16.24%
Price / MAexp50:	+12.22%
Price / MAexp100:	+10.59%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on MORPHOSYS AG O.N. at the time of the analysis were as follows:

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

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