Londinia Opportunities Analyses - 11/18/2024 (GMT) RHEINMETALL - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	1RHM
ISIN:	DE0007030009

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 576.8 EUR

My targets

594.2 EUR (+1.71%)

610.0 EUR (+4.42%)

My analysis

RHEINMETALL 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 576.8 EUR. The next resistance located at 594.2 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 610.0 EUR. After this resistance, buyers could then target 633.0 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, 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

8.2

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Additional analysis

Quotes

The RHEINMETALL price is 584.2 EUR. The price registered an increase of +1.00% on the session and was traded between 580.0 EUR and 586.8 EUR over the period. The price is currently at +0.72% from its lowest and -0.44% from its highest.

580.0

586.8

584.2

Here is a more detailed summary of the historical variations registered by RHEINMETALL:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this RHEINMETALL chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	536.8	552.3	576.8	584.2
Change (%)	-8.11%	-5.46%	-1.27%	-
Change	-47.4	-31.9	-7.4	-
Level	Minor	Minor	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	539.6	550.8	564.6	575.8	589.6	600.8	614.6
Camarilla	571.5	573.8	576.1	578.4	580.7	583.0	585.3
Woodie	540.9	551.5	565.9	576.5	590.9	601.5	615.9
Fibonacci	550.8	560.4	566.3	575.8	585.4	591.3	600.8

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	516.6	532.4	555.4	571.2	594.2	610.0	633.0
Camarilla	567.7	571.3	574.8	578.4	582.0	585.5	589.1
Woodie	520.2	534.2	559.0	573.0	597.8	611.8	636.6
Fibonacci	532.4	547.2	556.4	571.2	586.0	595.2	610.0

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	359.5	410.8	441.4	492.7	523.3	574.6	605.2
Camarilla	449.5	457.0	464.5	472.0	479.5	487.0	494.5
Woodie	349.2	405.6	431.1	487.5	513.0	569.4	594.9
Fibonacci	410.8	442.1	461.4	492.7	524.0	543.3	574.6

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):	61.90
MACD (12,26,9):	5.0000
Directional Movement:	12.9
AROON (14):	14.3
DEMA (21):	583.3
Parabolic SAR (0,02-0,02-0,2):	576.4
Elder Ray (13):	3.9
Super Trend (3,10):	569.0
Zig ZAG (10):	584.2
VORTEX (21):	1.1000
Stochastique (14,3,5):	90.40
TEMA (21):	582.6
Williams %R (14):	-11.20
Chande Momentum Oscillator (20):	18.6
Repulse (5,40,3):	1.3000
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	4.60

MA7:	569.1
MA20:	517.7
MA50:	505.1
MA100:	509.3
MAexp7:	581.6
MAexp20:	576.7
MAexp50:	564.0
MAexp100:	544.4
Price / MA7:	+2.65%
Price / MA20:	+12.85%
Price / MA50:	+15.66%
Price / MA100:	+14.71%
Price / MAexp7:	+0.45%
Price / MAexp20:	+1.30%
Price / MAexp50:	+3.58%
Price / MAexp100:	+7.31%

Quotes : - 15 min delayed data - Actions Italie