SALZGITTER AG O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SZG
ISIN:	DE0006202005

SALZGITTER AG O.N. - 1H - Technical analysis published on 04/10/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 25.40 EUR

My targets

26.07 EUR (+0.03%)

26.74 EUR (+2.61%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SALZGITTER AG O.N. as long as the price remains well above 25.40 EUR. The buyers' bullish objective is set at 26.07 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.74 EUR. If there is any crossing, the next objective would be the resistance located at 29.33 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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.

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Additional analysis

Quotes

The SALZGITTER AG O.N. rating is 26.06 EUR. The price registered an increase of +3.83% on the session and was traded between 25.40 EUR and 26.64 EUR over the period. The price is currently at +2.60% from its lowest and -2.18% from its highest.

25.40

26.64

26.06

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SALZGITTER AG O.N.:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SALZGITTER AG O.N. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.98	24.99	25.40	26.06	26.15	29.33	31.50
Change (%)	-7.98%	-4.11%	-2.53%	-	+0.35%	+12.55%	+20.87%
Change	-2.08	-1.07	-0.66	-	+0.09	+3.27	+5.44
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.73	24.13	24.61	25.01	25.49	25.89	26.37
Camarilla	24.86	24.94	25.02	25.10	25.18	25.26	25.34
Woodie	23.78	24.15	24.66	25.03	25.54	25.91	26.42
Fibonacci	24.13	24.46	24.67	25.01	25.34	25.55	25.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.53	23.23	23.71	24.41	24.89	25.59	26.07
Camarilla	23.86	23.96	24.07	24.18	24.29	24.40	24.51
Woodie	22.41	23.18	23.59	24.36	24.77	25.54	25.95
Fibonacci	23.23	23.68	23.96	24.41	24.86	25.14	25.59

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.10	21.76	22.98	23.64	24.86	25.52	26.74
Camarilla	23.68	23.86	24.03	24.20	24.37	24.55	24.72
Woodie	21.38	21.90	23.26	23.78	25.14	25.66	27.02
Fibonacci	21.76	22.48	22.92	23.64	24.36	24.80	25.52

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):	65.88
MACD (12,26,9):	0.4100
Directional Movement:	28.26
AROON (14):	85.71
DEMA (21):	25.87
Parabolic SAR (0,02-0,02-0,2):	25.51
Elder Ray (13):	0.38
Super Trend (3,10):	25.52
Zig ZAG (10):	26.06
VORTEX (21):	1.2100
Stochastique (14,3,5):	77.72
TEMA (21):	26.13
Williams %R (14):	-27.36
Chande Momentum Oscillator (20):	1.08
Repulse (5,40,3):	0.1900
ROCnROLL:	1
TRIX (15,9):	0.1600
Courbe Coppock:	10.71

MA7:	24.83
MA20:	24.07
MA50:	24.45
MA100:	25.77
MAexp7:	25.91
MAexp20:	25.39
MAexp50:	24.91
MAexp100:	24.50
Price / MA7:	+4.95%
Price / MA20:	+8.27%
Price / MA50:	+6.58%
Price / MA100:	+1.13%
Price / MAexp7:	+0.58%
Price / MAexp20:	+2.64%
Price / MAexp50:	+4.62%
Price / MAexp100:	+6.37%

Quotes : - 15 min delayed data - Germany Stocks

News

The last news published on SALZGITTER AG O.N. at the time of the generation of this analysis was as follows:

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

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