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.
Following a minor correction, the BUX index has resumed its upward trajectory. As long as this trend remains intact, a sustained, trend-like correction is unlikely. MOL: The share price rebounded from the HUF 3,125 level and may be forming a head-and-shoulders pattern with a neckline at HUF 2,890. A break below this neckline could indicate a potential decline toward approximately HUF 2,656. Richter: The chart continues to present a weak technical outlook. Should the price fall below HUF 9,690, the long-term upward trend may come under pressure, potentially opening the way for further downside. Magyar Telekom: Although the current decline lacks strong momentum, buying interest remains subdued. A more attractive entry point is still anticipated. AutoWallis: The stock has moved lower from a narrowing range, yet the HUF 150 level continues to hold. The outlook remains unfavorable; a more compelling buying opportunity may emerge near HUF 137.
The index broke through the small red trend line of the corrective phase, reviving the upward wave and targeting the next resistance level. Downward, a break through the 106,250 level would still be necessary for a reversal pattern to form – this may come into play later – but currently, the 112,500 level awaits testing.
Resistance levels: 112,500; 115,563.
Support levels: 93,750; 90,625; 87,500.
The share price turned down from the 3,125 level a week and a half ago, but the upward trend remains intact. In the coming period, movement between 2,890 and 3,125 is likely. As the movement is not trending, there are currently no trading signals. However, a break below 2,890 would activate a head-and-shoulders pattern, which could result in a natural level around 2,656.
Resistance levels: 3,125; 3,282; 3,438; 3,625.
Support levels: 2,890; 2,812; 2,656; 2,500.
The price has not yet been able to break through the natural support level of 9,690, so there has been no further decline. However, the possibility remains, as the curve is strongly attached to this support level. The next horizontal support levels below 9,690 points are at 9,375, 9,065, and 8,750 points. There are currently no buy signals, and the stock is not overbought, so the aforementioned levels appear to be achievable.
Resistance levels: 10,625; 10,940; 11,250.
Support levels: 9,375; 9,065; 8,750.
The price continues to be characterized by declining peaks and troughs, so the candle that could bring a significant shift is still waiting to appear. Strong support is found at 1,625, while a move above the red downward trend line could trigger another upward wave. However, based on current activity, there does not appear to be much chance of a major shift. Relative strength can only be expected above 1,780.
Resistance levels: 2,000; 2,062; 2,125.
Support levels: 1,750; 1,625; 1,563; 1,500.
The share price has deviated from its upward trend, but has not fallen below 150 at closing. There are no buy signals at present, but there is no momentum for a fall either. An oversold situation could bring a halt and a long entry opportunity, which could become realistic around 137. As long as the thick red trend line drawn from above remains in place, it is worth waiting for a long opening signal.
Resistance levels: 165.5; 175; 187.5.
Support levels: 150; 137.5.
The price broke the upward trend line, which opened up further room for downward movement. There is minor support at the 469 level, but in the short term, it is not impossible that the price could reach the 437 level. Based on current patterns, the downward movement is likely to continue for the time being.
Resistance levels: 625; 656.
Support levels: 468; 437; 406.
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