In recent years, artificial intelligence has become one of the most important topics in the technology sector. While much of the attention is focused on model developers and companies providing infrastructure, the long-term winners in this technology may also emerge on the application side. The interactive media segment is particularly interesting from this perspective, as the business models of companies operating in this field rely heavily on monetizing user attention and producing digital content. In the second part of our industry analysis series, we review current trends and potential catalysts affecting search engines and social media platforms.
European stock markets are currently outperforming their U.S. counterparts, and thanks to the gains of the past few days, our screenings have identified a number of interesting stocks. Among these, we have highlighted stocks that have recently shown signs of a structural turnaround, while strengthening buying pressure is also supporting the positive technical picture. One such company is Germany’s Nemetschek, a leading provider of construction and architectural design software. The other is the Dutch firm Wolters Kluwer, which offers professional information, software, and specialized database solutions. For both stocks, the search for long entry opportunities may have begun.
The dollar continues to move sideways and consolidate against its major currency pairs. Exchange rates have stalled at levels that still leave open the possibility of further dollar strength. The forint’s earlier strengthening trend against several currencies stalled, followed by a correction phase. The USD/JPY exchange rate reached the 162.5 level, which has halted the rise for now. At the same time, the exchange rate remains near its peak, and the trend is pointing upward, so the possibility of a new peak cannot be ruled out. The EUR/CHF exchange rate is also trading below a significant resistance level. For now, this is preventing further gains, but based on the technical picture, the likelihood that the exchange rate will break through this level and continue its upward movement is increasing.
The price is consolidating below the downtrend line. Until it breaks through the 1.1475 level, a bullish trend won’t be able to take off. A reversal pattern hasn’t formed yet; further confirmation is needed for significant upside potential to emerge. The 1.1352 area has become a support level that should not be broken if the pair is to form a reversal pattern.
Resistance levels: 1.1719; 1.1841; 1.1962; 1.2085; 1.2207; 1.2329; 1.2451.
Support levels: 1,1352; 1.1230.
This is the second time the exchange rate has tested the natural level of 1.3428 since the downtrend was broken. If this level is broken, the price could test the resistance at 1.3672. If it does not close back below the 1.33 level, there could be an opportunity for a new swing high and further gains.
Resistance levels: 1.3672; 1.3916; 1.4160.
Support levels: 1.3184; 1.2939; 1.2812; 1.2695.
The downtrend has been broken; a correction phase may be on the horizon. The retest has also occurred, with the price touching 355, opening the way for a mild upward move. Strong resistance is found at the 367.1 and 375 levels. These could be target levels; at this point, no patterns are visible beyond them.
Resistance levels: 375; 382,8; 390,6.
Support levels: 351.56; 343.75; 335.9; 328.1.
We are in the aftermath of a structural shift, which has resulted in a long wave. We are seeing a series of rising swing lows and highs. The downtrend line could be tested around the natural level of 320.1; this could be the first significant resistance level. For now, given the trend-like rise, the resistance is likely to be tested around 320.
Resistance levels: 320.4; 328.1; 343.75; 351.5; 359.38.
Support levels: 304.7, 296; 289.2; 281.25.
The main trend is upward, as indicated by the thin green trendline, which is currently quite far away. 162.5 was a target price that the price has fully reached, which would suggest further gains, but it may only be worth initiating a buy position during pullbacks. Despite the pullback, it is not yet clear that a decline is imminent, and there are no signs of a trend reversal pattern at all. Above 162.5, the 165.63 level could act as a natural resistance level. On the downside, the uptrend runs around 156.25.
Resistance levels: 162.5; 165.63; 168.75.
Support levels: 156.25; 153.125; 151.5; 150.
The rising exchange rate has retested the first major resistance level at 0.9277. The upward trendline is also pushing the price higher from below; sooner or later, the resistance must be broken. As long as the thin green trendline remains intact, it’s worth favoring long positions.
Resistance levels: 0.9277; 0.9399; 0.9521; 0.9644.
Support levels: 0.9155; 0.9033; 0.8911.
OTP Global Markets offers a broad range of services in the field of local and international money and capital markets.
Read morePersonal care and expertise with OTP Private Banking, along with the knowledge, security, and innovations of a multinational banking group.
Read more
