BRANICKS GROUP AG NA O.N. - Daily - Technical analysis published on 10/06/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 8.52 EUR
My targets
6.90 EUR (-7.63%)
5.74 EUR (-23.20%)
My analysis
DIC ASSET AG NA O.N. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 8.52 EUR. The next support located at 6.90 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.74 EUR. Below this support, sellers could then target 5.09 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.5
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Additional analysis
Quotes
DIC ASSET AG NA O.N. rating 7.47 EUR. The price is lower by -0.13% since the last closing and was between 7.45 EUR and 7.64 EUR. This implies that the price is at +0.27% from its lowest and at -2.23% from its highest.7.45
7.64
7.47
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Daily of this DIC ASSET AG NA O.N. chart shows a sharp bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.09 | 6.90 | 7.47 | 8.56 | 10.85 | 11.61 |
| Change (%) | -31.86% | -7.63% | - | +14.59% | +45.25% | +55.42% |
| Change | -2.38 | -0.57 | - | +1.09 | +3.38 | +4.14 |
| Level | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.84 | 7.11 | 7.30 | 7.57 | 7.76 | 8.03 | 8.22 |
| Camarilla | 7.35 | 7.40 | 7.44 | 7.48 | 7.52 | 7.56 | 7.61 |
| Woodie | 6.79 | 7.09 | 7.25 | 7.55 | 7.71 | 8.01 | 8.17 |
| Fibonacci | 7.11 | 7.29 | 7.40 | 7.57 | 7.75 | 7.86 | 8.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.45 | 6.98 | 7.37 | 7.90 | 8.29 | 8.82 | 9.21 |
| Camarilla | 7.52 | 7.60 | 7.69 | 7.77 | 7.85 | 7.94 | 8.02 |
| Woodie | 6.39 | 6.95 | 7.31 | 7.87 | 8.23 | 8.79 | 9.15 |
| Fibonacci | 6.98 | 7.33 | 7.55 | 7.90 | 8.25 | 8.47 | 8.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.97 | 5.74 | 6.75 | 8.52 | 9.53 | 11.30 | 12.31 |
| Camarilla | 7.01 | 7.26 | 7.52 | 7.77 | 8.03 | 8.28 | 8.54 |
| Woodie | 3.60 | 5.55 | 6.38 | 8.33 | 9.16 | 11.11 | 11.94 |
| Fibonacci | 5.74 | 6.80 | 7.46 | 8.52 | 9.58 | 10.24 | 11.30 |
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): | 20.25 | |
| MACD (12,26,9): | -0.7000 | |
| Directional Movement: | -32.58 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 7.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.02 | |
| Elder Ray (13): | -0.54 | |
| Super Trend (3,10): | 8.46 | |
| Zig ZAG (10): | 7.47 | |
| VORTEX (21): | 0.6000 | |
| Stochastique (14,3,5): | 7.81 | |
| TEMA (21): | 7.29 | |
| Williams %R (14): | -96.00 | |
| Chande Momentum Oscillator (20): | -1.48 | |
| Repulse (5,40,3): | -6.7200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9600 | |
| Courbe Coppock: | 37.69 |
| MA7: | 7.68 | |
| MA20: | 8.60 | |
| MA50: | 9.85 | |
| MA100: | 10.67 | |
| MAexp7: | 7.74 | |
| MAexp20: | 8.45 | |
| MAexp50: | 9.47 | |
| MAexp100: | 10.51 | |
| Price / MA7: | -2.73% | |
| Price / MA20: | -13.14% | |
| Price / MA50: | -24.16% | |
| Price / MA100: | -29.99% | |
| Price / MAexp7: | -3.49% | |
| Price / MAexp20: | -11.60% | |
| Price / MAexp50: | -21.12% | |
| Price / MAexp100: | -28.92% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on DIC ASSET AG NA O.N. at the time of the analysis were as follows:
- EQS-News: DIC Asset AG creates shopping experience with feel-good factor: “TO HUUS” shopping centre in Mönchengladbach-Rheydt
- EQS-News: DIC Asset AG renews leases for about 11,000 sqm of retail space at “Neustadt Centrum” in Halle
- DGAP-News: DIC Asset AG takes double gold at this year’s EPRA award
- DGAP-News: DIC Asset AG: “Uptown Tower” and “Campus C” meet Green Building standard
- DGAP-News: DIC Asset AG: Start of construction for “innovation parc”
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…
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