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TKA.DE dominated by bears dragging the market lower throughout the day

Technical Analysis Report for TKA.DE - Apr 16, 2018 [1 min read]
TKA.DE dominated by bears dragging the market lower throughout the day
TKA.DE breaks below 50-day moving average
TKA.DE ends the day on a bearish note closing near the low of the day
TKA.DE finds buyers again around 22.18
TKA.DE closes within previous day's range after lackluster session
TQ Sentiment
Technical Forecast:

TKA.DE finished Monday at 22.18 losing €0.16 (-0.72%) on low volume. The bears were in full control today, moving the market lower throughout the whole session. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for TKA.DE

Monday's trading range was €0.35 (1.56%), that's below last trading month's daily average range of €0.45. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Price Action

Even with a strong opening the market closed below the prior day's open and close, forming a bearish Engulfing Candle.


Prices are trading close to the key resistance level at 22.41. After having been unable to move lower than 22.17 in the previous session, the share found buyers again around the same price level today at 22.18.


The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. ThyssenKrupp broke below the 50-day moving average at 22.19 today for the first time since February 6th.

Order Flow

Selling could speed up should prices move below the close-by swing low at 21.72 where further sell stops might get triggered.


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

Report Market Conditions
Bearish Break through SMA 50 TQ Pro Members Only
Low close to previous low TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
Decisive Down Move TQ Pro Members Only
Bearish Engulfing Candle TQ Pro Members Only
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Find out what happened when ThyssenKrupp AG traded like this in the past. See the odds for each technical pattern with expected gain and loss.


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