OEWA Technical Analysis - VERBUND AG

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to OEWA. In the past year, OEWA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

84% of all other stocks performed better in the past year than OEWA.

OEWA is part of the Electric Utilities industry. There are 17 other stocks in this industry, of which 93% are performing better than OEWA.

Warning: OEWA has an average volume of 1188 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month OEWA has a been trading in the 63.40 - 68.70 range, which is quite wide. It is currently trading near the high of this range.

Prices have been consolidating recently, this may present a good entry opportunity.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

OEWA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OEWA is lagging the market slightly.

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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

Although the technical rating is bad, OEWA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 66.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OEWA in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

62.17

77.62

3 important support areas can be observed.

A support zone ranging from 66.08 to 66.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 64.00 to 64.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @62.80 from a horizontal line in the weekly time frame.

We can see 4 important resistance areas.

A resistance zone ranging from 67.14 to 69.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 72.25 to 72.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @73.80 from a horizontal line in the weekly time frame.
Resistance @76.85 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for OEWA.DE is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for OEWA.DE is up.
ChartMill Relative Strength	16.79	NEGATIVE	OEWA.DE has a low relative strength, it was outperformed by 83.21% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of OEWA.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of OEWA.DE is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of OEWA.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.88	NEUTRAL	The RSI value for OEWA.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.28	POSITIVE	The MACD value suggests OEWA.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	82.08	OVERBOUGHT	The high Stochastics value suggests OEWA.DE may be overbought.
Average True Range in percent/ATR (20)	2.16	MEDIUM VOLATILITY	The ATR as a percentage value for OEWA.DE suggests some volalility.
Average Directional Index/ADX (14)	13.31	NEGATIVE	The low ADX value for OEWA.DE suggests a weak or negative trend.