MORPHOSYS AG O.N.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MOR
ISIN:	DE0006632003

MORPHOSYS AG O.N. - 1H - Technical analysis published on 02/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

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MORPHOSYS AG O.N. Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 56.98 EUR

My targets

70.20 EUR (+7.14%)

86.72 EUR (+32.36%)

My analysis

The bullish trend is currently very strong on MORPHOSYS AG O.N.. As long as the price remains above the support at 56.98 EUR, you could try to benefit from the boom. The first bullish objective is located at 70.20 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 86.72 EUR as an objective. Crossing it would then enable buyers to target 101.02 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

8.8

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 65.52 EUR. The price has increased by +14.15% since the last closing and was between 65.26 EUR and 66.58 EUR. This implies that the price is at +0.40% from its lowest and at -1.59% from its highest.

65.26

66.58

65.52

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

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

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

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of MORPHOSYS AG O.N. in 1H shows a strongly overall 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 strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	40.95	44.44	54.96	65.52	70.20	86.72	101.02
Change (%)	-37.50%	-32.17%	-16.12%	-	+7.14%	+32.36%	+54.18%
Change	-24.57	-21.08	-10.56	-	+4.68	+21.20	+35.50
Level	Intermediate	Intermediate	Intermediate	-	Minor	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	26.82	33.37	45.39	51.94	63.96	70.51	82.53
Camarilla	52.29	54.00	55.70	57.40	59.10	60.81	62.51
Woodie	29.55	34.74	48.12	53.31	66.69	71.88	85.26
Fibonacci	33.37	40.47	44.85	51.94	59.04	63.42	70.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.80	35.59	38.87	41.66	44.94	47.73	51.01
Camarilla	40.49	41.05	41.60	42.16	42.72	43.27	43.83
Woodie	33.06	35.71	39.13	41.78	45.20	47.85	51.27
Fibonacci	35.59	37.91	39.34	41.66	43.98	45.41	47.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.54	24.63	32.02	37.11	44.50	49.59	56.98
Camarilla	35.97	37.11	38.26	39.40	40.54	41.69	42.83
Woodie	20.68	25.21	33.16	37.69	45.64	50.17	58.12
Fibonacci	24.63	29.40	32.35	37.11	41.88	44.83	49.59

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):	89.19
MACD (12,26,9):	5.6100
Directional Movement:	59.71
AROON (14):	50.00
DEMA (21):	56.05
Parabolic SAR (0,02-0,02-0,2):	42.70
Elder Ray (13):	12.37
Super Trend (3,10):	57.51
Zig ZAG (10):	65.54
VORTEX (21):	1.3300
Stochastique (14,3,5):	96.22
TEMA (21):	60.30
Williams %R (14):	-4.13
Chande Momentum Oscillator (20):	23.34
Repulse (5,40,3):	6.6200
ROCnROLL:	1
TRIX (15,9):	0.9300
Courbe Coppock:	66.82

MA7:	46.33
MA20:	39.17
MA50:	33.58
MA100:	29.97
MAexp7:	58.36
MAexp20:	49.92
MAexp50:	44.47
MAexp100:	41.15
Price / MA7:	+41.42%
Price / MA20:	+67.27%
Price / MA50:	+95.12%
Price / MA100:	+118.62%
Price / MAexp7:	+12.27%
Price / MAexp20:	+31.25%
Price / MAexp50:	+47.34%
Price / MAexp100:	+59.22%

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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