Will the Thyssenkrupp share price continue to rise?

ThyssenKrupp Technical Analysis Summary

Stop buying: Above 9.46.

Stop Loss: Below 8.73.

Indicator Signal
IRS Neutral
MACD To buy
Donchian Channel To buy
MA(200) To sell
Fractals Neutral
Parabolic SAR To buy

ThyssenKrupp chart analysis

Technical analysis of Thyssenkrupp stock price chart on daily timeframe shows #D-TKA, Daily tests 200-day moving average MA (200) and support line. We believe the bullish momentum will continue after prices break above the upper boundary of the Donchian channel at 9.46. This level can be used as an entry point to place a pending buy order. The stop loss can be placed below 8.73. After placing the order, the stop loss should be moved daily to the next fractal low, following the signals from the parabolic indicator. Thus, we modify the expected profit/loss ratio to the break-even point. If the price reaches the stop loss level (8.73) without reaching the order (9.46), we recommend to cancel the order: the market has undergone internal changes which have not been taken into account.

Fundamental Stock Analysis – ThyssenKrupp

Thyssenkrupp share price closed almost flat after a positive quarterly report. Will the Thyssenkrupp share price continue to rise?

Thyssenkrupp AG is a German industrial conglomerate that builds automotive equipment and marine systems, manufactures industrial components and systems. Its market capitalization is 5.3 billion euros. The stock is currently trading at a forward P/E ratio of 8.9 and trailing twelve month revenue was €34.0 billion, while return on equity (ttm) was -0.18%. Thyssenkrupp announced yesterday that operating profit rose almost fivefold in the October-December period, its first quarter, with profits from its two largest divisions – steel and materials trading – supported by prices of significantly higher steel. Higher earnings are bullish for the stock price. At the same time, Thyssenkrupp’s automotive technology unit is suffering from a continued shortage of semiconductors, causing operating profit to fall by two-thirds in the period. The stock price closed the day. Persistent bottlenecks in the supply chain pose a downside risk to the Thyssenkrupp share price.


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Karen J. Nelson