SGL CARBON SE O.N. - 1H - Technical analysis published on 06/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 7.15 EUR
My targets
6.78 EUR (-2.35%)
6.52 EUR (-6.05%)
My analysis
The bearish trend is currently very strong for SGL CARBON SE O.N.. As long as the price remains below the resistance at 7.15 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.78 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.52 EUR as an objective. Crossing it would then enable sellers to target 6.25 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1
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Additional analysis
Quotes
SGL CARBON SE O.N. rating 6.94 EUR. The price is lower by -0.29% since the last closing and was traded between 6.91 EUR and 7.18 EUR over the period. The price is currently at +0.43% from its lowest and -3.34% from its highest.6.91
7.18
6.94
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SGL CARBON SE O.N. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.77 | 6.25 | 6.52 | 6.94 | 6.95 | 7.15 | 7.34 |
| Change (%) | -16.86% | -9.94% | -6.05% | - | +0.14% | +3.03% | +5.76% |
| Change | -1.17 | -0.69 | -0.42 | - | +0.01 | +0.21 | +0.40 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.77 | 6.87 | 6.91 | 7.01 | 7.05 | 7.15 | 7.19 |
| Camarilla | 6.92 | 6.93 | 6.95 | 6.96 | 6.97 | 6.99 | 7.00 |
| Woodie | 6.75 | 6.86 | 6.89 | 7.00 | 7.03 | 7.14 | 7.17 |
| Fibonacci | 6.87 | 6.92 | 6.95 | 7.01 | 7.06 | 7.09 | 7.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.51 | 6.78 | 6.94 | 7.21 | 7.37 | 7.64 | 7.80 |
| Camarilla | 6.99 | 7.03 | 7.07 | 7.11 | 7.15 | 7.19 | 7.23 |
| Woodie | 6.47 | 6.75 | 6.90 | 7.18 | 7.33 | 7.61 | 7.76 |
| Fibonacci | 6.78 | 6.94 | 7.04 | 7.21 | 7.37 | 7.47 | 7.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.18 | 6.42 | 6.74 | 6.98 | 7.30 | 7.54 | 7.86 |
| Camarilla | 6.90 | 6.95 | 7.00 | 7.05 | 7.10 | 7.15 | 7.20 |
| Woodie | 6.21 | 6.44 | 6.77 | 7.00 | 7.33 | 7.56 | 7.89 |
| Fibonacci | 6.42 | 6.64 | 6.77 | 6.98 | 7.20 | 7.33 | 7.54 |
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): | 38.01 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -3.27 | |
| AROON (14): | 0 | |
| DEMA (21): | 6.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.12 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 7.13 | |
| Zig ZAG (10): | 6.94 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 28.40 | |
| TEMA (21): | 6.97 | |
| Williams %R (14): | -88.89 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | -0.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 3.35 |
| MA7: | 7.16 | |
| MA20: | 7.16 | |
| MA50: | 7.05 | |
| MA100: | 6.68 | |
| MAexp7: | 7.00 | |
| MAexp20: | 7.06 | |
| MAexp50: | 7.14 | |
| MAexp100: | 7.17 | |
| Price / MA7: | -3.07% | |
| Price / MA20: | -3.07% | |
| Price / MA50: | -1.56% | |
| Price / MA100: | +3.89% | |
| Price / MAexp7: | -0.86% | |
| Price / MAexp20: | -1.70% | |
| Price / MAexp50: | -2.80% | |
| Price / MAexp100: | -3.21% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The last news published on SGL CARBON SE O.N. at the time of the generation of this analysis was as follows:
- EQS-News: SGL Carbon: Focus on global growth trends pays off
- EQS-AGM: SGL Carbon SE: Announcement of the Convening of the General Meeting in www.sglcarbon.com/hauptversammlung on 23.05.2024 according to article 121 AktG (German Stock Companies Act) with the objective of Europe-wide distribution
- EQS-News: SGL Carbon achieves annual targets for 2023 and invests more in growth markets
- EQS-News: SGL Carbon CEO Dr. Torsten Derr will not extend his contract
- EQS-Adhoc: SGL CARBON SE: CEO Dr. Torsten Derr will not extend his contract
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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