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Daimler AG Technical Analysis - Daimler AG Trading: 2023-04-13
Daimler AG Technical Analysis Summary
Below 67.85
Sell Stop
Above 70.89
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Sell |
Daimler AG Chart Analysis
Daimler AG Technical Analysis
The technical analysis of the Mercedes stock price chart on daily timeframe shows #D-DAI,Daily is consolidating under the 200-day moving average MA(200) which has leveled off. We believe the bearish momentum will resume after the price breaches below the lower boundary of Donchian channel at 67.85. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 70.89. 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 (70.89) without reaching the order (67.85), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Daimler AG
Mercedes stock price closed higher after the company reported higher Q1 sales globally. Will the Mercedes stock price resume advancing?
Mercedes-Benz Group is a Germany-based auto giant which produces luxury cars and vans and sells them globally. Its market capitalization is €73.7 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 5.08 currently, automaker’s revenue (ttm) was €150.02illion, while the Return on Equity (ttm) was 18.55% and the Return on Assets (ttm) at 4.2%. Mercedes said on April 12 worldwide sales increased 3% to 503,500 vehicles, with Europe posting the strongest growth at 8%. Sales in the Mercedes-Benz Vans division grew 12% in the quarter, reaching 98,900 - its best first-quarter result ever. The top-end segment, which includes models such as AMG, Maybach and G-class, also demonstrated solid growth of 18%, reaching 91,800 for the period. EVs were the main growth driver in the quarter, with sales almost doubling to 51,600 units. The stock price edged up 0.67% on the day after the report. Rising sales are bullish for a company’s stock.
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