BRANICKS GROUP AG NA O.N. - 1H - Technical analysis published on 08/16/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 4.464 EUR
My targets
4.244 EUR (-1.87%)
4.180 EUR (-3.35%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DIC ASSET AG NA O.N. as long as the price remains well below 4.464 EUR. The next bearish objective for sellers is set at 4.244 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.180 EUR. If there is any crossing, the next objective would be the support located at 4.125 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.4
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Additional analysis
Quotes
DIC ASSET AG NA O.N. rating 4.325 EUR. The price is lower by -0.12% since the last closing and was traded between 4.285 EUR and 4.325 EUR over the period. The price is currently at +0.93% from its lowest and 0% from its highest.4.285
4.325
4.325
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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
Technical
Technical analysis of DIC ASSET AG NA O.N. in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
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 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.125 | 4.180 | 4.244 | 4.325 | 4.342 | 4.464 | 4.602 |
| Change (%) | -4.62% | -3.35% | -1.87% | - | +0.39% | +3.21% | +6.40% |
| Change | -0.200 | -0.145 | -0.081 | - | +0.017 | +0.139 | +0.277 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.068 | 4.157 | 4.243 | 4.332 | 4.418 | 4.507 | 4.593 |
| Camarilla | 4.282 | 4.298 | 4.314 | 4.330 | 4.346 | 4.362 | 4.378 |
| Woodie | 4.068 | 4.156 | 4.243 | 4.331 | 4.418 | 4.506 | 4.593 |
| Fibonacci | 4.157 | 4.224 | 4.265 | 4.332 | 4.399 | 4.440 | 4.507 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.830 | 4.025 | 4.210 | 4.405 | 4.590 | 4.785 | 4.970 |
| Camarilla | 4.291 | 4.325 | 4.360 | 4.395 | 4.430 | 4.465 | 4.500 |
| Woodie | 3.825 | 4.023 | 4.205 | 4.403 | 4.585 | 4.783 | 4.965 |
| Fibonacci | 4.025 | 4.170 | 4.260 | 4.405 | 4.550 | 4.640 | 4.785 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.830 | 3.585 | 4.030 | 4.785 | 5.230 | 5.985 | 6.430 |
| Camarilla | 4.145 | 4.255 | 4.365 | 4.475 | 4.585 | 4.695 | 4.805 |
| Woodie | 2.675 | 3.508 | 3.875 | 4.708 | 5.075 | 5.908 | 6.275 |
| Fibonacci | 3.585 | 4.043 | 4.327 | 4.785 | 5.243 | 5.527 | 5.985 |
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): | 47.52 | |
| MACD (12,26,9): | -0.0250 | |
| Directional Movement: | -3.175 | |
| AROON (14): | -14.286 | |
| DEMA (21): | 4.296 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.257 | |
| Elder Ray (13): | 0.003 | |
| Super Trend (3,10): | 4.397 | |
| Zig ZAG (10): | 4.325 | |
| VORTEX (21): | 0.8560 | |
| Stochastique (14,3,5): | 50.16 | |
| TEMA (21): | 4.283 | |
| Williams %R (14): | -23.81 | |
| Chande Momentum Oscillator (20): | 0.055 | |
| Repulse (5,40,3): | 0.2210 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1030 | |
| Courbe Coppock: | 1.97 |
| MA7: | 4.382 | |
| MA20: | 4.413 | |
| MA50: | 4.815 | |
| MA100: | 5.670 | |
| MAexp7: | 4.311 | |
| MAexp20: | 4.330 | |
| MAexp50: | 4.357 | |
| MAexp100: | 4.379 | |
| Price / MA7: | -1.30% | |
| Price / MA20: | -1.99% | |
| Price / MA50: | -10.18% | |
| Price / MA100: | -23.72% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.73% | |
| Price / MAexp100: | -1.23% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on DIC ASSET AG NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: DIC Asset AG completes lettings in Baden-Württemberg and Bavaria
- EQS-News: DIC Asset AG: First half of 2023 influenced by the geopolitical environment – “Performance 2024” action plan to strengthen the company
- EQS-News: DIC Asset AG lets “Pressecafé” inside the “Pressehaus am Alex” to Berlin-based restaurant operator
- EQS-News: DIC Asset AG secures long-term rental income for logistics real estate fund
- EQS-News: DIC Asset AG – The “Performance 2024” action plan producing first results
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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