ELRINGKLINGER AG NA O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ZIL2
ISIN:	DE0007856023

ELRINGKLINGER AG NA O.N. - Daily - Technical analysis published on 02/02/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 7.850 EUR

My targets

9.068 EUR (+6.93%)

9.640 EUR (+13.68%)

My analysis

The bullish trend is currently very strong on ELRINGKLINGER AG NA O.N.. As long as the price remains above the support at 7.850 EUR, you could try to benefit from the boom. The first bullish objective is located at 9.068 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.640 EUR as an objective. Crossing it would then enable buyers to target 11.999 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.

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

8.4

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

ELRINGKLINGER AG NA O.N. rating 8.480 EUR. The price has increased by +7.96% since the last closing with the lowest point at 7.860 EUR and the highest point at 8.480 EUR. The deviation from the price is +7.89% for the low point and 0% for the high point.

7.860

8.480

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ELRINGKLINGER AG NA O.N. chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. 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

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.101	7.850	8.385	8.480	9.068	11.999	13.430
Change (%)	-16.26%	-7.43%	-1.12%	-	+6.93%	+41.50%	+58.37%
Change	-1.379	-0.630	-0.095	-	+0.588	+3.519	+4.950
Level	Intermediate	Major	Intermediate	-	Intermediate	Minor	Minor

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	7.418	7.612	7.733	7.927	8.048	8.242	8.363
Camarilla	7.768	7.797	7.826	7.855	7.884	7.913	7.942
Woodie	7.383	7.594	7.698	7.909	8.013	8.224	8.328
Fibonacci	7.612	7.732	7.806	7.927	8.047	8.121	8.242

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.185	7.400	7.760	7.975	8.335	8.550	8.910
Camarilla	7.962	8.015	8.067	8.120	8.173	8.225	8.278
Woodie	7.258	7.436	7.833	8.011	8.408	8.586	8.983
Fibonacci	7.400	7.620	7.755	7.975	8.195	8.330	8.550

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.055	6.525	7.250	7.720	8.445	8.915	9.640
Camarilla	7.646	7.756	7.866	7.975	8.085	8.194	8.304
Woodie	6.183	6.589	7.378	7.784	8.573	8.979	9.768
Fibonacci	6.525	6.982	7.264	7.720	8.177	8.459	8.915

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):	66.61
MACD (12,26,9):	0.2080
Directional Movement:	15.566
AROON (14):	64.286
DEMA (21):	8.102
Parabolic SAR (0,02-0,02-0,2):	7.604
Elder Ray (13):	0.207
Super Trend (3,10):	7.407
Zig ZAG (10):	8.410
VORTEX (21):	1.0570
Stochastique (14,3,5):	70.00
TEMA (21):	8.184
Williams %R (14):	-3.39
Chande Momentum Oscillator (20):	0.380
Repulse (5,40,3):	7.7930
ROCnROLL:	1
TRIX (15,9):	0.3910
Courbe Coppock:	5.98

MA7:	8.027
MA20:	7.880
MA50:	7.431
MA100:	7.150
MAexp7:	8.049
MAexp20:	7.833
MAexp50:	7.543
MAexp100:	7.414
Price / MA7:	+5.64%
Price / MA20:	+7.61%
Price / MA50:	+14.12%
Price / MA100:	+18.60%
Price / MAexp7:	+5.35%
Price / MAexp20:	+8.26%
Price / MAexp50:	+12.42%
Price / MAexp100:	+14.38%

Quotes : - 15 min delayed data - Germany Stocks

News

Don't forget to follow the news on ELRINGKLINGER AG NA 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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