BRANICKS GROUP AG NA O.N. - 1H - Technical analysis published on 10/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
22%
22%
My opinion
Bearish under 3.622 EUR
My targets
3.475 EUR (-2.39%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BRANICKS GROUP AG NA O.N. as long as the price remains well below 3.622 EUR. The sellers' bearish objective is set at 3.475 EUR. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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Additional analysis
Quotes
BRANICKS GROUP AG NA O.N. rating 3.560 EUR. The price registered an increase of +1.71% on the session and was between 3.500 EUR and 3.580 EUR. This implies that the price is at +1.71% from its lowest and at -0.56% from its highest.3.500
3.580
3.560
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 BRANICKS GROUP AG NA O.N. in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.475 | 3.560 | 3.622 | 3.919 | 4.100 |
| Change (%) | -2.39% | - | +1.74% | +10.08% | +15.17% |
| Change | -0.085 | - | +0.062 | +0.359 | +0.540 |
| Level | Major | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.252 | 3.353 | 3.427 | 3.528 | 3.602 | 3.703 | 3.777 |
| Camarilla | 3.452 | 3.468 | 3.484 | 3.500 | 3.516 | 3.532 | 3.548 |
| Woodie | 3.238 | 3.346 | 3.413 | 3.521 | 3.588 | 3.696 | 3.763 |
| Fibonacci | 3.353 | 3.420 | 3.462 | 3.528 | 3.595 | 3.637 | 3.703 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.798 | 3.172 | 3.403 | 3.777 | 4.008 | 4.382 | 4.613 |
| Camarilla | 3.469 | 3.524 | 3.580 | 3.635 | 3.691 | 3.746 | 3.801 |
| Woodie | 2.728 | 3.136 | 3.333 | 3.741 | 3.938 | 4.346 | 4.543 |
| Fibonacci | 3.172 | 3.403 | 3.546 | 3.777 | 4.008 | 4.151 | 4.382 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.885 | 3.295 | 3.605 | 4.015 | 4.325 | 4.735 | 5.045 |
| Camarilla | 3.717 | 3.783 | 3.849 | 3.915 | 3.981 | 4.047 | 4.113 |
| Woodie | 2.835 | 3.270 | 3.555 | 3.990 | 4.275 | 4.710 | 4.995 |
| Fibonacci | 3.295 | 3.570 | 3.740 | 4.015 | 4.290 | 4.460 | 4.735 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.03 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -9.776 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 3.522 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.575 | |
| Elder Ray (13): | -0.008 | |
| Super Trend (3,10): | 3.627 | |
| Zig ZAG (10): | 3.560 | |
| VORTEX (21): | 0.8550 | |
| Stochastique (14,3,5): | 62.86 | |
| TEMA (21): | 3.529 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.020 | |
| Repulse (5,40,3): | 0.8890 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2130 | |
| Courbe Coppock: | 2.03 |
| MA7: | 3.674 | |
| MA20: | 3.770 | |
| MA50: | 4.069 | |
| MA100: | 4.474 | |
| MAexp7: | 3.558 | |
| MAexp20: | 3.582 | |
| MAexp50: | 3.663 | |
| MAexp100: | 3.734 | |
| Price / MA7: | -3.10% | |
| Price / MA20: | -5.57% | |
| Price / MA50: | -12.51% | |
| Price / MA100: | -20.43% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.61% | |
| Price / MAexp50: | -2.81% | |
| Price / MAexp100: | -4.66% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on BRANICKS GROUP AG NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: Start of a new era: DIC Asset AG is now Branicks Group AG
- EQS-News: DIC Asset AG moves into its “Office of the Future” in Frankfurt's “Global Tower”
- 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
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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