EVOTEC SEINH O.N. - 1H - Technical analysis published on 08/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 6.262 EUR
My targets
6.873 EUR (+4.22%)
7.353 EUR (+11.50%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EVOTEC SEINH O.N. as long as the price remains well above 6.262 EUR. The buyers' bullish objective is set at 6.873 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.353 EUR. If there is any crossing, the next objective would be the resistance located at 7.440 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 overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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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 EVOTEC SEINH O.N. price is 6.595 EUR. The price registered an increase of +3.13% on the session with the lowest point at 6.360 EUR and the highest point at 6.765 EUR. The deviation from the price is +3.69% for the low point and -2.51% for the high point.6.360
6.765
6.595
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of EVOTEC SEINH O.N. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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, 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 | 3.178 | 5.315 | 6.135 | 6.595 | 6.873 | 7.440 | 8.818 |
| Change (%) | -51.81% | -19.41% | -6.97% | - | +4.22% | +12.81% | +33.71% |
| Change | -3.417 | -1.280 | -0.460 | - | +0.278 | +0.845 | +2.223 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.953 | 6.152 | 6.273 | 6.472 | 6.593 | 6.792 | 6.913 |
| Camarilla | 6.307 | 6.336 | 6.366 | 6.395 | 6.424 | 6.454 | 6.483 |
| Woodie | 5.915 | 6.133 | 6.235 | 6.453 | 6.555 | 6.773 | 6.875 |
| Fibonacci | 6.152 | 6.274 | 6.349 | 6.472 | 6.594 | 6.669 | 6.792 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.083 | 5.282 | 5.573 | 5.772 | 6.063 | 6.262 | 6.553 |
| Camarilla | 5.730 | 5.775 | 5.820 | 5.865 | 5.910 | 5.955 | 6.000 |
| Woodie | 5.130 | 5.305 | 5.620 | 5.795 | 6.110 | 6.285 | 6.600 |
| Fibonacci | 5.282 | 5.469 | 5.585 | 5.772 | 5.959 | 6.075 | 6.262 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.337 | 7.353 | 8.037 | 9.053 | 9.737 | 10.753 | 11.437 |
| Camarilla | 8.253 | 8.408 | 8.564 | 8.720 | 8.876 | 9.032 | 9.188 |
| Woodie | 6.170 | 7.270 | 7.870 | 8.970 | 9.570 | 10.670 | 11.270 |
| Fibonacci | 7.353 | 8.003 | 8.404 | 9.053 | 9.703 | 10.104 | 10.753 |
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): | 58.96 | |
| MACD (12,26,9): | 0.1020 | |
| Directional Movement: | 18.027 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 6.629 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.366 | |
| Elder Ray (13): | 0.093 | |
| Super Trend (3,10): | 6.688 | |
| Zig ZAG (10): | 6.560 | |
| VORTEX (21): | 1.0610 | |
| Stochastique (14,3,5): | 57.12 | |
| TEMA (21): | 6.587 | |
| Williams %R (14): | -49.40 | |
| Chande Momentum Oscillator (20): | 0.030 | |
| Repulse (5,40,3): | -0.3380 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3030 | |
| Courbe Coppock: | 4.24 |
| MA7: | 6.115 | |
| MA20: | 6.180 | |
| MA50: | 7.831 | |
| MA100: | 8.887 | |
| MAexp7: | 6.546 | |
| MAexp20: | 6.472 | |
| MAexp50: | 6.247 | |
| MAexp100: | 6.179 | |
| Price / MA7: | +7.85% | |
| Price / MA20: | +6.72% | |
| Price / MA50: | -15.78% | |
| Price / MA100: | -25.79% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | +1.90% | |
| Price / MAexp50: | +5.57% | |
| Price / MAexp100: | +6.73% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on EVOTEC SEINH O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: Evotec SE reports H1 2024 results: Challenging year; priority reset for sustainable profitable growth gaining momentum, building on core strengths
- Evotec SE Reports H1 2024 Results: Challenging Year; Priority Reset for Sustainable Profitable Growth Gaining Momentum, Building on Core Strengths
- EQS-News: Evotec announces strong progress in strategic protein degradation partnership with Bristol Myers Squibb
- Evotec Announces Strong Progress in Strategic Protein Degradation Partnership with Bristol Myers Squibb
- EQS-News: Evotec announces progress in strategic neuroscience partnership with Bristol Myers Squibb
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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