APRIL SALE: Save over 60% on our Pro Plans!

BAYN.DE runs into sellers again around 99.49

Technical Analysis Report for BAYN.DE - Apr 16, 2018 [< 1 min read]
BAYN.DE breaks key support level
BAYN.DE runs into sellers again around 99.49
BAYN.DE breaks below previous session low
TQ Sentiment
Technical Forecast:

BAYN.DE finished Monday at 97.98 losing €0.67 (-0.68%). Closing below Friday's low at 98.13, the market confirms its breakout through the previous session's low having traded €0.56 below it intraday.

Daily chart for BAYN.DE

Monday's trading range was €1.92 (1.93%), that's slightly above last trading month's daily average range of €1.75. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.

Price Action

In spite of a strong opening Bayer closed below the prior day's open and close, forming a bearish Engulfing Candle.


Breaking below the key support level at 98.38 today, it is now likely to act as resistance going forward. After having been unable to move above 99.54 in the previous session, the share ran into sellers again around the same price level today, failing to move higher than 99.49.


Though the stock is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying might speed up should prices move above the close-by swing high at 99.54 where further buy stops could get activated. Selling might accelerate should prices move below the nearby swing low at 96.50 where further sell stops could get triggered.


Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bearish sentiment for the next trading day.

Report Market Conditions
Price broke through Technical Support S1 TQ Pro Members Only
High close to previous High TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Bearish Engulfing Candle TQ Pro Members Only
Close to Swing High TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Bayer AG traded like this in the past. See the odds for each technical pattern with expected gain and loss.


Stocks Top Movers

USDJPY 109.430.61 0.56%
NKY 22,319.61104.29 0.47%
DXY 90.9550.415 0.46%
CRUDE 68.010.29 0.43%
INDU 24,083.8359.70 0.25%
GBPUSD 1.3932-0.0045 -0.32%
TBOND 141.750-0.594 -0.42%
GOLD 1,324.4-7.8 -0.59%
EURUSD 1.2161-0.0072 -0.59%
FTSE 7,379.32-46.08 -0.62%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.