BRANICKS GROUP AG NA O.N. - 1H - Technical analysis published on 05/15/2024 (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 bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 1.840 EUR
My targets
1.976 EUR (+2.70%)
2.165 EUR (+12.51%)
My analysis
BRANICKS GROUP AG NA O.N. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.840 EUR. The next resistance located at 1.976 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.165 EUR. After this resistance, buyers could then target 3.060 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.8
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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 BRANICKS GROUP AG NA O.N. rating is 1.924 EUR. The price registered an increase of +10.96% on the session and was traded between 1.730 EUR and 1.968 EUR over the period. The price is currently at +11.21% from its lowest and -2.24% from its highest.1.730
1.968
1.924
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BRANICKS GROUP AG NA O.N. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
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 | 1.696 | 1.768 | 1.840 | 1.924 | 3.060 | 3.483 | 4.420 |
| Change (%) | -11.85% | -8.11% | -4.37% | - | +59.04% | +81.03% | +129.73% |
| Change | -0.228 | -0.156 | -0.084 | - | +1.136 | +1.559 | +2.496 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Intermediate |
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 | 1.546 | 1.598 | 1.666 | 1.718 | 1.786 | 1.838 | 1.906 |
| Camarilla | 1.701 | 1.712 | 1.723 | 1.734 | 1.745 | 1.756 | 1.767 |
| Woodie | 1.554 | 1.602 | 1.674 | 1.722 | 1.794 | 1.842 | 1.914 |
| Fibonacci | 1.598 | 1.644 | 1.672 | 1.718 | 1.764 | 1.792 | 1.838 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.376 | 1.488 | 1.576 | 1.688 | 1.776 | 1.888 | 1.976 |
| Camarilla | 1.609 | 1.627 | 1.646 | 1.664 | 1.682 | 1.701 | 1.719 |
| Woodie | 1.364 | 1.482 | 1.564 | 1.682 | 1.764 | 1.882 | 1.964 |
| Fibonacci | 1.488 | 1.564 | 1.612 | 1.688 | 1.764 | 1.812 | 1.888 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.743 | 1.001 | 1.325 | 1.583 | 1.907 | 2.165 | 2.489 |
| Camarilla | 1.490 | 1.543 | 1.597 | 1.650 | 1.703 | 1.757 | 1.810 |
| Woodie | 0.777 | 1.018 | 1.359 | 1.600 | 1.941 | 2.182 | 2.523 |
| Fibonacci | 1.001 | 1.223 | 1.360 | 1.583 | 1.805 | 1.942 | 2.165 |
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): | 78.48 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 39.592 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 1.831 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.736 | |
| Elder Ray (13): | 0.125 | |
| Super Trend (3,10): | 1.773 | |
| Zig ZAG (10): | 1.924 | |
| VORTEX (21): | 1.2470 | |
| Stochastique (14,3,5): | 93.29 | |
| TEMA (21): | 1.877 | |
| Williams %R (14): | -13.84 | |
| Chande Momentum Oscillator (20): | 0.262 | |
| Repulse (5,40,3): | 4.4890 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2790 | |
| Courbe Coppock: | 20.14 |
| MA7: | 1.711 | |
| MA20: | 1.577 | |
| MA50: | 1.354 | |
| MA100: | 1.813 | |
| MAexp7: | 1.851 | |
| MAexp20: | 1.765 | |
| MAexp50: | 1.706 | |
| MAexp100: | 1.654 | |
| Price / MA7: | +12.45% | |
| Price / MA20: | +22.00% | |
| Price / MA50: | +42.10% | |
| Price / MA100: | +6.12% | |
| Price / MAexp7: | +3.94% | |
| Price / MAexp20: | +9.01% | |
| Price / MAexp50: | +12.78% | |
| Price / MAexp100: | +16.32% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The last news published on BRANICKS GROUP AG NA O.N. at the time of the generation of this analysis was as follows:
- EQS-News: Branicks Group AG: Operationally successful in a challenging 2023 financial year
- EQS-News: Branicks Group expands business model to include renewables asset class and cooperates with Encavis Asset Management AG
- EQS-News: Branicks Group AG: Dr. Angela Geerling elected as new Chairwoman of the Supervisory Board
- EQS-News: Branicks Group AG: Clear strategy for sustainable stability of the company
- EQS-Adhoc: Branicks Group AG: Large majority in favour of extension of promissory note loans, extension of bridge financing also secured – change in the chairmanship of the Supervisory Board intended
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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