SALZGITTER AG O.N. - Daily - Technical analysis published on 11/12/2019 (GMT)
- 279
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 17.100 EUR
My targets
19.005 EUR (+2.23%)
23.583 EUR (+26.86%)
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 17.100 EUR. The buyers” bullish objective is set at 19.005 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.583 EUR. If there is any crossing, the next objective would be the resistance located at 25.460 EUR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.9
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SALZGITTER AG O.N. rating is 18.590 EUR. The price has increased by +1.64% since the last closing with the lowest point at 18.290 EUR and the highest point at 18.690 EUR. The deviation from the price is +1.64% for the low point and -0.54% for the high point.18.290
18.690
18.590
Here is a more detailed summary of the historical variations registered by SALZGITTER AG O.N.:
Technical
Technical analysis of this Daily chart of SALZGITTER AG O.N. indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 14.965 | 17.100 | 18.590 | 19.005 | 23.583 | 25.460 |
| Change (%) | -19.50% | -8.02% | - | +2.23% | +26.86% | +36.96% |
| Change | -3.625 | -1.490 | - | +0.415 | +4.993 | +6.870 |
| Level | Major | Intermediate | - | Minor | Minor | 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 | 17.495 | 17.770 | 18.030 | 18.305 | 18.565 | 18.840 | 19.100 |
| Camarilla | 18.143 | 18.192 | 18.241 | 18.290 | 18.339 | 18.388 | 18.437 |
| Woodie | 17.488 | 17.766 | 18.023 | 18.301 | 18.558 | 18.836 | 19.093 |
| Fibonacci | 17.770 | 17.974 | 18.101 | 18.305 | 18.509 | 18.636 | 18.840 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.213 | 16.712 | 17.633 | 18.132 | 19.053 | 19.552 | 20.473 |
| Camarilla | 18.165 | 18.295 | 18.425 | 18.555 | 18.685 | 18.815 | 18.946 |
| Woodie | 16.425 | 16.818 | 17.845 | 18.238 | 19.265 | 19.658 | 20.685 |
| Fibonacci | 16.712 | 17.254 | 17.589 | 18.132 | 18.674 | 19.009 | 19.552 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.223 | 12.677 | 14.453 | 15.907 | 17.683 | 19.137 | 20.913 |
| Camarilla | 15.342 | 15.638 | 15.934 | 16.230 | 16.526 | 16.822 | 17.118 |
| Woodie | 11.385 | 12.758 | 14.615 | 15.988 | 17.845 | 19.218 | 21.075 |
| Fibonacci | 12.677 | 13.911 | 14.673 | 15.907 | 17.141 | 17.903 | 19.137 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.78 | |
| MACD (12,26,9): | 0.6220 | |
| Directional Movement: | 13.902 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 18.050 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.687 | |
| Elder Ray (13): | 0.762 | |
| Super Trend (3,10): | 16.395 | |
| Zig ZAG (10): | 18.595 | |
| VORTEX (21): | 1.1860 | |
| Stochastique (14,3,5): | 93.80 | |
| TEMA (21): | 18.679 | |
| Williams %R (14): | -3.83 | |
| Chande Momentum Oscillator (20): | 2.145 | |
| Repulse (5,40,3): | 3.9420 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3670 | |
| Courbe Coppock: | 24.39 |
| MA7: | 18.366 | |
| MA20: | 17.096 | |
| MA50: | 16.760 | |
| MA100: | 18.130 | |
| MAexp7: | 18.184 | |
| MAexp20: | 17.364 | |
| MAexp50: | 17.175 | |
| MAexp100: | 18.550 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | +8.74% | |
| Price / MA50: | +10.92% | |
| Price / MA100: | +2.54% | |
| Price / MAexp7: | +2.23% | |
| Price / MAexp20: | +7.06% | |
| Price / MAexp50: | +8.24% | |
| Price / MAexp100: | +0.22% |
News
Don"t forget to follow the news on SALZGITTER AG O.N.. At the time of publication of this analysis, the latest news was as follows:
- DGAP-Adhoc: Salzgitter AG: Salzgitter Group delivers positive nine-month result
- DGAP-Adhoc: Salzgitter AG: Salzgitter Group adjusts its earnings forecast for the financial year 2019 due to risk provisioning
- DGAP-News: Salzgitter AG: Salzgitter Group generates a pre-tax profit of EUR 145 million in the first half year
- DGAP-News: Salzgitter AG: Salzgitter AG builds new hot dip galvanizing line
- DGAP-Adhoc: Salzgitter AG: Medium-term shortfall in CO2 allowances has been compensated for the most part at the subsidiaries of the Salzgitter Group; current market value of allowances purchased exceeds figure accounted for in the balance sheet by around EUR 300 m
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis SALZGITTER AG O.N. - Daily