BORUSSIA DORTMUND - Daily - Technical analysis published on 11/29/2023 (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 : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 3.545 EUR
My targets
4.187 EUR (+9.46%)
4.637 EUR (+21.23%)
My analysis
The strong short-term increase in BORUSSIA DORTMUND calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 3.545 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4.187 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.637 EUR as an objective. Crossing it would then enable buyers to target 4.959 EUR. Caution, a return under 3.545 EUR could jeopardize the reversal.
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
0
10
2.3
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Additional analysis
Quotes
BORUSSIA DORTMUND rating 3.825 EUR. On the day, this instrument gained +7.44% and was between 3.760 EUR and 3.860 EUR. This implies that the price is at +1.73% from its lowest and at -0.91% from its highest.3.760
3.860
3.825
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
Here is a more detailed summary of the historical variations registered by BORUSSIA DORTMUND:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BORUSSIA DORTMUND indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. 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 : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 3.278 | 3.545 | 3.825 | 3.857 | 4.187 | 4.637 |
| Change (%) | -55.66% | -14.30% | -7.32% | - | +0.84% | +9.46% | +21.23% |
| Change | -2.129 | -0.547 | -0.280 | - | +0.032 | +0.362 | +0.812 |
| Level | Minor | Major | Intermediate | - | 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 | 3.387 | 3.473 | 3.517 | 3.603 | 3.647 | 3.733 | 3.777 |
| Camarilla | 3.524 | 3.536 | 3.548 | 3.560 | 3.572 | 3.584 | 3.596 |
| Woodie | 3.365 | 3.463 | 3.495 | 3.593 | 3.625 | 3.723 | 3.755 |
| Fibonacci | 3.473 | 3.523 | 3.554 | 3.603 | 3.653 | 3.684 | 3.733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.487 | 3.533 | 3.577 | 3.623 | 3.667 | 3.713 | 3.757 |
| Camarilla | 3.595 | 3.604 | 3.612 | 3.620 | 3.628 | 3.637 | 3.645 |
| Woodie | 3.485 | 3.533 | 3.575 | 3.623 | 3.665 | 3.713 | 3.755 |
| Fibonacci | 3.533 | 3.568 | 3.589 | 3.623 | 3.658 | 3.679 | 3.713 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.958 | 3.227 | 3.473 | 3.742 | 3.988 | 4.257 | 4.503 |
| Camarilla | 3.578 | 3.626 | 3.673 | 3.720 | 3.767 | 3.814 | 3.862 |
| Woodie | 2.948 | 3.221 | 3.463 | 3.736 | 3.978 | 4.251 | 4.493 |
| Fibonacci | 3.227 | 3.423 | 3.545 | 3.742 | 3.938 | 4.060 | 4.257 |
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): | 59.12 | |
| MACD (12,26,9): | -0.0270 | |
| Directional Movement: | 2.984 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 3.638 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.560 | |
| Elder Ray (13): | 0.139 | |
| Super Trend (3,10): | 3.888 | |
| Zig ZAG (10): | 3.840 | |
| VORTEX (21): | 0.9040 | |
| Stochastique (14,3,5): | 41.16 | |
| TEMA (21): | 3.667 | |
| Williams %R (14): | -6.67 | |
| Chande Momentum Oscillator (20): | 0.210 | |
| Repulse (5,40,3): | 0.0490 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1410 | |
| Courbe Coppock: | 6.38 |
| MA7: | 3.647 | |
| MA20: | 3.700 | |
| MA50: | 3.741 | |
| MA100: | 4.021 | |
| MAexp7: | 3.671 | |
| MAexp20: | 3.681 | |
| MAexp50: | 3.785 | |
| MAexp100: | 3.935 | |
| Price / MA7: | +4.88% | |
| Price / MA20: | +3.38% | |
| Price / MA50: | +2.25% | |
| Price / MA100: | -4.87% | |
| Price / MAexp7: | +4.20% | |
| Price / MAexp20: | +3.91% | |
| Price / MAexp50: | +1.06% | |
| Price / MAexp100: | -2.80% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on BORUSSIA DORTMUND. At the time of publication of this analysis, the latest news was as follows:
- EQS-Adhoc: Borussia Dortmund reports preliminary figures for the first quarter (Q1) of the 2023/2024 financial year
- Borussia Dortmund Reports Preliminary Figures for the First Quarter (Q1) of the 2023/2024 Financial Year
- EQS-Adhoc: Borussia Dortmund publishes preliminary figures for the 2022/2023 financial year
- EQS-News: annual press conference – preliminary results fiscal year 2022/2023
- Borussia Dortmund Publishes Preliminary Figures for the 2022/2023 Financial Year
This member declared not having a position on this financial instrument or a related financial instrument.
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