ADTRAN NETW.SE INH O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ADV
ISIN:	DE0005103006

ADTRAN NETW.SE INH O.N. - Daily - Technical analysis published on 10/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 19.40 EUR

My targets

21.87 EUR (+8.27%)

22.39 EUR (+10.84%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ADTRAN NETW.SE INH O.N. as long as the price remains well above 19.40 EUR. The buyers' bullish objective is set at 21.87 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 22.39 EUR. If there is any crossing, the next objective would be the resistance located at 23.16 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

ADTRAN NETW.SE INH O.N. rating 20.20 EUR. On the day, this instrument gained +0.75% and was between 20.20 EUR and 20.20 EUR. This implies that the price is at 0% from its lowest and at 0% from its highest.

20.20

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ADTRAN NETW.SE INH O.N. in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bearish doji star

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.26	19.40	20.06	20.20	21.87	22.39	23.16
Change (%)	-29.41%	-3.96%	-0.69%	-	+8.27%	+10.84%	+14.65%
Change	-5.94	-0.80	-0.14	-	+1.67	+2.19	+2.96
Level	Major	Minor	Intermediate	-	Minor	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	19.83	19.92	19.98	20.07	20.13	20.22	20.28
Camarilla	20.01	20.02	20.04	20.05	20.06	20.08	20.09
Woodie	19.83	19.91	19.98	20.06	20.13	20.21	20.28
Fibonacci	19.92	19.97	20.01	20.07	20.12	20.16	20.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.67	19.80	19.93	20.06	20.19	20.32	20.45
Camarilla	19.98	20.00	20.03	20.05	20.07	20.10	20.12
Woodie	19.66	19.80	19.92	20.06	20.18	20.32	20.44
Fibonacci	19.80	19.90	19.96	20.06	20.16	20.22	20.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.57	19.72	19.89	20.04	20.21	20.36	20.53
Camarilla	19.96	19.99	20.02	20.05	20.08	20.11	20.14
Woodie	19.57	19.73	19.89	20.05	20.21	20.37	20.53
Fibonacci	19.72	19.85	19.92	20.04	20.17	20.24	20.36

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):	65.51
MACD (12,26,9):	0.0200
Directional Movement:	6.68
AROON (14):	14.29
DEMA (21):	20.08
Parabolic SAR (0,02-0,02-0,2):	19.94
Elder Ray (13):	0.13
Super Trend (3,10):	19.84
Zig ZAG (10):	20.20
VORTEX (21):	0.9800
Stochastique (14,3,5):	68.75
TEMA (21):	20.08
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.15
Repulse (5,40,3):	-0.0700
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.08

MA7:	20.06
MA20:	20.06
MA50:	20.02
MA100:	19.89
MAexp7:	20.08
MAexp20:	20.05
MAexp50:	20.03
MAexp100:	20.11
Price / MA7:	+0.70%
Price / MA20:	+0.70%
Price / MA50:	+0.90%
Price / MA100:	+1.56%
Price / MAexp7:	+0.60%
Price / MAexp20:	+0.75%
Price / MAexp50:	+0.85%
Price / MAexp100:	+0.45%

Quotes : - 15 min delayed data - Germany Stocks

News

Don't forget to follow the news on ADTRAN NETW.SE INH O.N.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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