Technical analysis: Will the Thyssenkrupp stock price continue advancing?

Dmitry Lukashov IFC Markets

ThyssenKrupp technical analysis summary

Buy Stop: Above 9.46.

Stop Loss: Below 8.73.

Indicator	Signal
RSI	Neutral
MACD	Buy
Donchian Channel	Buy
MA(200)	Sell
Fractals	Neutral
Parabolic SAR	Buy

ThyssenKrupp chart analysis

The technical analysis of the Thyssenkrupp stock price chart on daily timeframe shows #D-TKA, Daily is testing the 200-day moving average MA(200) and the support line. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 9.46. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 8.73. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (8.73) without reaching the order (9.46), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - ThyssenKrupp

Thyssenkrupp stock price closed virtually flat after positive quarterly report. Will the Thyssenkrupp stock price continue advancing?

Thyssenkrupp AG is a German industrial conglomerate which builds automotive equipment and marine systems, manufactures industrial components and systems. Its market capitalization is €5.3 billion. The stock is trading at forward P/E ratio of 8.9 currently and the revenue for the trailing twelve months was €34.0 billion, while the Return on Equity (ttm) was -0.18%. Thyssenkrupp reported yesterday that operating profit rose nearly fivefold in the October-December period, its first quarter, with earnings of its two biggest divisions - steel and materials trading - buoyed by significantly higher steel prices. Higher profits are bullish for stock price. At the same time Thyssenkrupp's automotive technology unit suffers from ongoing shortage of semiconductors, causing operating profit to fall by two thirds in the period. Stock price closed down on the day. Ongoing bottlenecks in the supply chain are a downside risk for the Thyssenkrupp stock price.

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Author

Dmitry Lukashov

IFC Markets

Dimtry Lukashov is the senior analyst of IFC Markets. He started his professional career in the financial market as a trader interested in stocks and obligations.

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