CON.DE slips to lowest close since August 3rd


Continental AG (CON.DE) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
CON.DE breaks below previous session low
CON.DE falls to lowest close since August 3rd
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

CON.DE finished the week 1.11% higher at 186.50 after losing €2.50 (-1.32%) today. Today's closing price of 186.50 marks the lowest close since August 3rd. Closing below Thursday's low at 186.85, the stock confirms its breakout through the prior session's low having traded €1.50 below it intraday.

Daily chart for CON.DE
Volatility

Friday's trading range was €2.55 (1.36%), that's below last trading month's daily average range of €3.96. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Order Flow

Buying could speed up should prices move above the nearby swing high at 190.05 where further buy stops might get activated. 2,017's low at 180.70 is within reach and we could see further downside momentum should the market break out beyond.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Continental AG
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
52 Week Low TQ Pro Members Only
Price broke through Technical Support S1 TQ Pro Members Only
Bullish Hikkake Pattern TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

CON.DE breaks below prior session low

Aug 17, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

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

Signup
Stocks Top Movers
ETHUSD 313.2627.54 9.64%
BTCUSD 6,552.78258.70 4.11%
NATGAS 2.9440.033 1.13%
GOLD 1,191.810.8 0.91%
CRUDE 65.200.47 0.73%
CAC 5,344.93-4.09 -0.08%
DAX 12,210.55-26.62 -0.22%
USDJPY 110.50-0.40 -0.36%
DXY 95.980-0.555 -0.57%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.81 0.59
0.60%
ACN 10 day candlestick chart for ACN164.89 2.00
1.23%
ADBE 10 day candlestick chart for ADBE245.70 -3.19
-1.28%
AAP 10 day candlestick chart for AAP159.72 0.23
0.14%
AES 10 day candlestick chart for AES13.94 0.07
0.50%
AET 10 day candlestick chart for AET198.86 0.39
0.20%
AFL 10 day candlestick chart for AFL46.76 0.26
0.56%
AMG 10 day candlestick chart for AMG146.59 0.30
0.21%
A 10 day candlestick chart for A64.66 -0.84
-1.28%
ABT 10 day candlestick chart for ABT64.72 0.56
0.87%