Volkswagen AG: technical analysis
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 82.90 |
| Take Profit | 70.00 |
| Stop Loss | 86.00 |
| Key Levels | 65.00, 70.00, 82.90, 86.00, 89.30, 90.00, 104.60 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 89.30 |
| Take Profit | 104.60 |
| Stop Loss | 85.00 |
| Key Levels | 65.00, 70.00, 82.90, 86.00, 89.30, 90.00, 104.60 |
Shares of Volkswagen AG, a German automobile corporation, are moving within the framework of an intensifying downward correction trend at 86.00.
On the daily chart, the price is falling in a downward channel with dynamic boundaries of 90.00–65.00.
On the four-hour chart, despite the quotes being in the range, the potential for a continuation of the negative dynamics remains high, and the asset may break the year’s low of 82.90 soon. There are currently almost no obstacles on the way down, and the only support level is the 68.00 channel support line, which the asset can reach immediately after renewing the year’s low.
Technical indicators reinforce the sell signal: the fast EMAs of the Alligator indicator are below the signal line, expanding the range of fluctuations, and the AO histogram forms downward bars below the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 82.90, with the target at 70.00. Stop loss is 86.00. Implementation period: 7 days or more.
Long positions may be opened after the price grows and consolidates above 89.30, with the target at 104.60 and stop loss 85.00.
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