PNE AGNA O.N. - Daily - Technical analysis published on 09/30/2024 (GMT)
- 120
- 0
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:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 12.40 EUR
My targets
11.70 EUR (-1.52%)
10.88 EUR (-8.42%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 12.40 EUR remains possible. It is advisable to trade PNE AGNA O.N. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 12.40 EUR. The next bearish objective for sellers is set at 11.70 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.88 EUR. In case of crossing, the next objective would be the support located at 8.82 EUR. PS: if there is a bullish break in the resistance located at 12.40 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1
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Additional analysis
Quotes
The PNE AGNA O.N. rating is 11.88 EUR. The price has increased by +1.02% since the last closing with the lowest point at 11.80 EUR and the highest point at 11.90 EUR. The deviation from the price is +0.68% for the low point and -0.17% for the high point.11.80
11.90
11.88
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of PNE AGNA O.N. in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.82 | 10.88 | 11.70 | 11.88 | 13.10 | 13.44 | 14.11 |
| Change (%) | -25.76% | -8.42% | -1.52% | - | +10.27% | +13.13% | +18.77% |
| Change | -3.06 | -1.00 | -0.18 | - | +1.22 | +1.56 | +2.23 |
| Level | Intermediate | Major | Major | - | Major | Major | Minor |
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 | 10.94 | 11.20 | 11.48 | 11.74 | 12.02 | 12.28 | 12.56 |
| Camarilla | 11.61 | 11.66 | 11.71 | 11.76 | 11.81 | 11.86 | 11.91 |
| Woodie | 10.95 | 11.21 | 11.49 | 11.75 | 12.03 | 12.29 | 12.57 |
| Fibonacci | 11.20 | 11.41 | 11.53 | 11.74 | 11.95 | 12.07 | 12.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.64 | 10.96 | 11.36 | 11.68 | 12.08 | 12.40 | 12.80 |
| Camarilla | 11.56 | 11.63 | 11.69 | 11.76 | 11.83 | 11.89 | 11.96 |
| Woodie | 10.68 | 10.98 | 11.40 | 11.70 | 12.12 | 12.42 | 12.84 |
| Fibonacci | 10.96 | 11.24 | 11.41 | 11.68 | 11.96 | 12.13 | 12.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.35 | 10.01 | 11.47 | 13.13 | 14.59 | 16.25 | 17.71 |
| Camarilla | 12.06 | 12.35 | 12.63 | 12.92 | 13.21 | 13.49 | 13.78 |
| Woodie | 8.24 | 9.96 | 11.36 | 13.08 | 14.48 | 16.20 | 17.60 |
| Fibonacci | 10.01 | 11.21 | 11.94 | 13.13 | 14.33 | 15.06 | 16.25 |
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): | 47.67 | |
| MACD (12,26,9): | -0.2800 | |
| Directional Movement: | -5.40 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 11.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.03 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 12.56 | |
| Zig ZAG (10): | 11.86 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 79.28 | |
| TEMA (21): | 11.47 | |
| Williams %R (14): | -16.22 | |
| Chande Momentum Oscillator (20): | 0.68 | |
| Repulse (5,40,3): | 2.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5000 | |
| Courbe Coppock: | 2.60 |
| MA7: | 11.59 | |
| MA20: | 11.52 | |
| MA50: | 12.84 | |
| MA100: | 13.49 | |
| MAexp7: | 11.67 | |
| MAexp20: | 11.79 | |
| MAexp50: | 12.46 | |
| MAexp100: | 12.97 | |
| Price / MA7: | +2.50% | |
| Price / MA20: | +3.13% | |
| Price / MA50: | -7.48% | |
| Price / MA100: | -11.93% | |
| Price / MAexp7: | +1.80% | |
| Price / MAexp20: | +0.76% | |
| Price / MAexp50: | -4.65% | |
| Price / MAexp100: | -8.40% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on PNE AGNA O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: PNE strengthens its communicative presence through brand integration of WKN GmbH
- EQS-News: Heiko Wuttke appointed new CEO of PNE AG
- EQS-News: PNE AG successful with 24 MW in onshore wind energy tenders
- EQS-News: “From our point of view, the decline in PNE AG's share price is driven by speculation”
- EQS-News: Half-year results: PNE AG confirms guidance for 2024
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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