Heidelberger Druckmaschinen Aktie | ISIN:DE0007314007 | WKN:731400
With the small consolidation around the smooth Euro mark, the Stochastic Indicator used for analysis has now issued a buy signal. The Rsi indicator has also turned in the oversold territory. Also, the much-noticed Macd could now have a floor. Great caution is required concerning trend indicators. This is because they indicate a very long-term, strong downward trend. To be able to see a further rise in the exchange rate, the smooth mark of one euro should now be defended. In the course of further increases, buy signals will be further issued.
The daily chart of Heidelberger Druckmaschinen stock (12 months):
Now the indicators used in detail:
○ The Moving averages: 38-day line (bearish) | 100-day line (bearish) | 200-day line (bearish) We are in a strong downtrend. This is because the price is below all the important moving averages. Besides, the 200-day line is falling. That’s why you have to be very careful here on the long side.
○ The Donchian-Channel: Upper-Band (bearish) | Lower-Band (bearish) The channel with period 30 currently shows a downward trend. Because both the upper band and the lower band are falling, this is to be evaluated as bearish.
p>○ The Macd indicator: (Below zero – bearish) It is below the zero line and the signal line is below the trigger line. Therefore this is to be judged as bearish.
○ The Rsi Indicator: (Oversold) This indicator is in the oversold territory. In this respect, a buy signal can be issued in the next few days. For this, the Rsi must leave the zone below 30 upwards.
○ The Stochastic Indicator: (buy-signal) This oscillator is within the neutral zone again. But it has triggered a buy-signal in the last few days.