Technical Analysis for 0G77 - Salzgitter AG

Grade Last Price % Change Price Change
F 24.15 -0.12% -0.03
0G77 closed down 0.12 percent on Thursday, March 28, 2024, on 3 percent of normal volume. It ran into resistance at its 50 day moving average. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: May 13
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Extremely Strong Down Down Up

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
200 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Doji - Bearish? Reversal 0.00%
Multiple of Ten Bearish Other 0.00%
Upper Bollinger Band Touch Strength 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -0.12%

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Profile

Salzgitter AG Description

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading. The Steel Processing segment produces various high-grade heavy plates; and manufactures line pipes, HFI-welded tubes, and precision and stainless-steel tubes. The Trading segment operates a European sales network, as well as trading companies and agencies worldwide. The Technology segment engages in the provision of machinery and plants for the filling and packaging of beverages, as well as special machinery engineering for shoe manufacturing and elastomer production. The company also provides IT, facility management, logistics, automotive engineering, and research and development services, as well as supplies raw materials. Salzgitter AG was founded in 1858 and is headquartered in Salzgitter, Germany.


Classification

Keywords: Construction Metals Building Materials Machinery Steel Stainless Steel Facility Management Structural Steel Technology Businesses Stainless Steel Tubes

Is 0G77 a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 41.54
52 Week Low 18.98
Average Volume 3,497
200-Day Moving Average 30.72
50-Day Moving Average 29.12
20-Day Moving Average 24.52
10-Day Moving Average 24.02
Average True Range 9.53
RSI (14) 38.65
ADX 77.73
+DI 0.22
-DI 3.65
Chandelier Exit (Long, 3 ATRs) 6.48
Chandelier Exit (Short, 3 ATRs) 51.78
Upper Bollinger Bands 26.12
Lower Bollinger Band 22.91
Percent B (%b) 0.39
BandWidth 13.09
MACD Line -1.42
MACD Signal Line -1.70
MACD Histogram 0.2791
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 40.52
Resistance 3 (R3) 42.33 38.70 37.79
Resistance 2 (R2) 38.70 34.53 37.79 36.88
Resistance 1 (R1) 31.42 31.95 29.61 29.61 35.97
Pivot Point 27.79 27.79 26.88 26.88 27.79
Support 1 (S1) 20.51 23.62 18.70 18.70 12.33
Support 2 (S2) 16.88 21.04 15.97 11.42
Support 3 (S3) 9.60 16.88 10.51
Support 4 (S4) 7.79