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Erste Group Bank AG

Check the daily chart of Erste Group Bank AG. The closing price of 2023-05-30 was L151.00 per share.

Erste Group Bank AG Daily Candlestick Chart

Technicals of Erste Group Bank AG

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Erste Group Bank AG Daily Moving Averages ChartErste Group Bank AG Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Erste Group Bank AG:

  • The Moving Average Convergence/Divergence (MACD) is -1.515. The Moving Average Convergence/Divergence (MACD) below zero is a bearish sign. -1
  • The MACD is lower than the signal line. This is a bearish indication. -1
Erste Group Bank AG Daily Moving Average Convergence/Divergence (MACD) ChartErste Group Bank AG Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Erste Group Bank AG:

  • The ADX is 22.908. Absent or Weak Trend. -1
  • The ADX is declining, there is no upcoming trend indication. -1
  • The +DI is lower than the -DI. The current trend is down. -2
Erste Group Bank AG Daily Directional Movement Index (DMI) ChartErste Group Bank AG Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • Erste Group Bank AG Daily Parabolic SAR ChartErste Group Bank AG Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    Erste Group Bank AG Daily Relative Strength Index (RSI) ChartErste Group Bank AG Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    Erste Group Bank AG Daily Stochastic Oscillator ChartErste Group Bank AG Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Erste Group Bank AG Daily Commodity Channel Index (CCI) ChartErste Group Bank AG Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Erste Group Bank AG Daily Chande Momentum Oscillator (CMO) ChartErste Group Bank AG Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Erste Group Bank AG Daily Williams %R ChartErste Group Bank AG Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Erste Group Bank AG Daily Bollinger Bands ChartErste Group Bank AG Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Erste Group Bank AG Daily Average True Range (ATR) ChartErste Group Bank AG Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Erste Group Bank AG Daily On-Balance Volume (OBV) ChartErste Group Bank AG Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Erste Group Bank AG Daily Money Flow Index (MFI) ChartErste Group Bank AG Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Erste Group Bank AG.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-05-17MFI20 crossover to upside
    2023-05-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
    2023-05-19MFI20 crossover to downside
    2023-05-22SAR SHORT ENTRY LONG CLOSEprice crossed sar to downside
    2023-05-23ATR LONG ENTRY SHORT CLOSE
    2023-05-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside

    5.2. Technical Score

    Let's check the technical score of Erste Group Bank AG based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5040.417
    Ma 20Greater thanMa 50155.565
    Ma 50Greater thanMa 100154.669
    Ma 100Greater thanMa 200161.842
    OpenGreater thanClose151.500
    Total3/5 (60.0%)

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