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BMW Technical Analysis - BMW Trading: 2022-11-04
Bayerische Motoren Werke AG Technical Analysis Summary
Below 75.02
Sell Stop
Above 81.05
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Sell |
Bayerische Motoren Werke AG Chart Analysis
Bayerische Motoren Werke AG Technical Analysis
The technical analysis of the BMW stock price chart on daily timeframe shows #S-MS, Daily is retracing down after rebounding to three-month high above the 200-period moving average MA(200) three days ago. MA(200) is declining. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 75.02. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper boundary of Donchian channel at 81.05. After placing the order, the stop loss is to be moved every day to the next fractal high, 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 (81.05) without reaching the order (75.02), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Bayerische Motoren Werke AG
BMW stock price fell despite a rise in quarterly revenue and earnings. Will the BMW stock price continue retreating?
BMW reported higher than expected quarterly revenue and earnings yesterday: Q3 revenue jumped 35.3% to 37.18 billion euros and pretax profit rose to 4.1 billion euros beating analysts’ average forecasts by 5.2% and 20.6% respectively. Finance chief Nicolas Peter said BMW expected the positive momentum to continue into next year but added rising inflation and interest rates would likely weigh on orders. The German automotive giant expects slightly lower 2022 sales than in 2021 while sales of fully electric vehicles should double. BMW shares closed down 4.66% on the day to 76.5 euros after the report.
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