CON Technical Analysis - CONTINENTAL AG

Technical Rating and Analysis

Taking everything into account, CON scores 2 out of 10 in our technical rating. Although CON is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month CON has a been trading in the 71.50 - 77.56 range, which is quite wide. It is currently trading near the lows of this range.

When comparing the yearly performance of all stocks, we notice that CON is one of the better performing stocks in the market, outperforming 74% of all stocks.

CON is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CON is lagging the market slightly.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

CON is part of the Automobile Components industry. There are 28 other stocks in this industry, CON did better than 59% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CON has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 71.79, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

65.40

79.16

2 important support areas can be observed.

A support zone ranging from 70.98 to 71.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @66.06 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 73.56 to 74.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 76.92 to 78.38. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for CON.DE is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CON.DE is down.
ChartMill Relative Strength	74.91	POSITIVE	CON.DE has a high relative strength, it outperformed 74.91% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CON.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CON.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CON.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	38.86	NEUTRAL	The RSI value for CON.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.32	NEGATIVE	The MACD value suggests CON.DE has a negative trend.
Stochastics (14,3)	8.05	OVERSOLD	The low Stochastics value suggests CON.DE may be oversold.
Average True Range in percent/ATR (20)	2.09	MEDIUM VOLATILITY	The ATR as a percentage value for CON.DE suggests some volalility.
Average Directional Index/ADX (14)	10.93	NEGATIVE	The low ADX value for CON.DE suggests a weak or negative trend.