JUNGHEINRICH AG O.N.VZO - 1H - Technical analysis published on 10/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 27.44 EUR
My targets
28.31 EUR (+1.47%)
28.82 EUR (+3.30%)
My analysis
The current short-term bullish acceleration on JUNGHEINRICH AG O.N.VZO should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 27.44 EUR. Short-term buyers will use the resistance located at 28.31 EUR as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 28.82 EUR. Crossing this resistance would then open the door for buyers to target 29.15 EUR. Caution, if there is a return to under 27.44 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JUNGHEINRICH AG O.N.VZO price is 27.90 EUR. The price registered a decrease of -0.22% on the session and was between 27.62 EUR and 28.04 EUR. This implies that the price is at +1.01% from its lowest and at -0.50% from its highest.27.62
28.04
27.90
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
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 JUNGHEINRICH AG O.N.VZO indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | R1 | Price | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 23.05 | 27.13 | 27.44 | 27.90 | 27.90 | 28.31 | 28.82 |
Change (%) | -17.38% | -2.76% | -1.65% | 0% | - | +1.47% | +3.30% |
Change | -4.85 | -0.77 | -0.46 | 0 | - | +0.41 | +0.92 |
Level | Minor | Major | Minor | Major | - | Intermediate | 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 | 27.06 | 27.24 | 27.60 | 27.78 | 28.14 | 28.32 | 28.68 |
Camarilla | 27.81 | 27.86 | 27.91 | 27.96 | 28.01 | 28.06 | 28.11 |
Woodie | 27.15 | 27.29 | 27.69 | 27.83 | 28.23 | 28.37 | 28.77 |
Fibonacci | 27.24 | 27.45 | 27.57 | 27.78 | 27.99 | 28.11 | 28.32 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 24.16 | 25.64 | 26.66 | 28.14 | 29.16 | 30.64 | 31.66 |
Camarilla | 26.99 | 27.22 | 27.45 | 27.68 | 27.91 | 28.14 | 28.37 |
Woodie | 23.93 | 25.53 | 26.43 | 28.03 | 28.93 | 30.53 | 31.43 |
Fibonacci | 25.64 | 26.60 | 27.19 | 28.14 | 29.10 | 29.69 | 30.64 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.89 | 25.33 | 26.85 | 29.29 | 30.81 | 33.25 | 34.77 |
Camarilla | 27.29 | 27.65 | 28.02 | 28.38 | 28.74 | 29.11 | 29.47 |
Woodie | 22.44 | 25.10 | 26.40 | 29.06 | 30.36 | 33.02 | 34.32 |
Fibonacci | 25.33 | 26.84 | 27.77 | 29.29 | 30.80 | 31.73 | 33.25 |
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): | 56.61 | |
MACD (12,26,9): | 0.0500 | |
Directional Movement: | -0.16 | |
AROON (14): | 78.57 | |
DEMA (21): | 27.74 | |
Parabolic SAR (0,02-0,02-0,2): | 27.42 | |
Elder Ray (13): | 0.19 | |
Super Trend (3,10): | 27.31 | |
Zig ZAG (10): | 27.92 | |
VORTEX (21): | 1.0500 | |
Stochastique (14,3,5): | 91.11 | |
TEMA (21): | 27.88 | |
Williams %R (14): | -13.33 | |
Chande Momentum Oscillator (20): | 0.60 | |
Repulse (5,40,3): | 1.1200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 3.09 |
MA7: | 27.79 | |
MA20: | 28.32 | |
MA50: | 29.66 | |
MA100: | 30.96 | |
MAexp7: | 27.83 | |
MAexp20: | 27.71 | |
MAexp50: | 27.81 | |
MAexp100: | 28.09 | |
Price / MA7: | +0.40% | |
Price / MA20: | -1.48% | |
Price / MA50: | -5.93% | |
Price / MA100: | -9.88% | |
Price / MAexp7: | +0.25% | |
Price / MAexp20: | +0.69% | |
Price / MAexp50: | +0.32% | |
Price / MAexp100: | -0.68% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on JUNGHEINRICH AG O.N.VZO. At the time of publication of this analysis, the latest news was as follows:
- EQS-Adhoc: Jungheinrich AG: Jungheinrich raises forecast for 2023 and publishes preliminary figures as of 31 March 2023
- EQS-Adhoc: Jungheinrich AG: Jungheinrich AG to acquire Storage Solutions group to add strategic foothold in fast-growing U.S. warehouse automation market
- EQS-Adhoc: Jungheinrich AG: Change in the Supervisory Board of Jungheinrich AG
- EQS-Adhoc: Jungheinrich AG: Jungheinrich substantiates forecast for 2022
- DGAP-Adhoc: Jungheinrich AG: Jungheinrich forecast for 2022 financial year below market expectations due to economic uncertainty
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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