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.
Gold is consolidating; a pattern for a significant move could form soon. Silver looks slightly better, but it has become overbought. The price of oil is narrowing within a wide range, which could set the stage for a more substantial move. The price of natural gas has broken the downtrend; buying opportunities may be found during dips. Copper has reached the target level; a minor correction may be coming. Wheat and corn also continued their upward trends.
The curve is moving within a narrow range, without any clear trend. Here, too, it may be worth preparing for a stronger move. It is worth waiting for the day when a trend-like move begins, because the current series of higher swing lows and lower swing highs could set the stage for a significant move. The red trend line also acts as strong resistance, hovering around 5,000.
Resistance levels: 4,843; 4,923; 5,000; 5,312; 5,625; 5,938; 6,250.
Support levels: 4,375; 4,218; 4,062; 3,750.
Since it has reached a new swing high above 81.25 and the movement is trending, the uptrend is dominant. It also reached 87.5, where it became overbought, but it could still go higher. For risk management, using the thick green trend line is recommended. Strong support can only be expected around 62.5 and 50 on the downside.
Resistance levels: 93.75; 100; 106.25; 112.5; 121.88; 125; 128.12; 131.25.
Support levels: 62.5; 59.38; 50.
The price fluctuates within a wide range. The bottom of the range was around 81.25, while the top was around 118.75. It will need to break out of this range. The price range has begun to narrow, which could set the stage for a significant move. If it manages to break above the 118.75 level for the fourth time, a massive breakout could follow, because in that case—based on the very long-term picture—the 150 and 175 levels should also be included among the target levels. We are waiting for the candlestick that could mark the first day of a trend-like movement.
Resistance levels: 118.75; 125; 137.5; 150; 175.
Support levels: 87.5; 75; 68.75; 62.5; 59.38; 56.25.; 50.
The downward trend broke two weeks ago, and the price closed above 2.744, triggering a mild uptrend. The first major resistance level is around 4.68, so there is room for further gains. Any oversold conditions could now present opportunities to go long.
Resistance levels: 3.906; 4.688; 6.25; 7.04; 7.81.
Support levels: 2.344; 1.953.
Since the previous high has been reached within the trend-confirming pattern, opening a new long position at current prices is not advisable. If a correction occurs, the level around 6.25 could provide solid support. It is advisable to manage risk by exiting the position if the green upward trendline is broken.
Resistance levels: 6.63; 7.03; 7.81
Support levels: 6.25; 5.85; 5.66; 5.46; 5.27; 4.88; 4.68; 4.49.
Another high above the uptrend line confirms the long-term trend. As long as it remains above the uptrend line, a trend-based decline is not on the horizon. The 688 level acts as resistance, while 625 serves as support. Therefore, the thick green trend line should be used to manage the potential risk.
Resistance levels: 688; 718.
Support levels: 625; 594; 562; 531; 516; 500; 484; 468.
It is still trading above the uptrend line, but with waning momentum, meaning it may face strong resistance around 484 or 500. On the downside, the 453 level is an important support; it must not close below this level under any circumstances, as doing so could alter the structure.
Resistance levels: 500; 531.2.
Support levels: 453; 437; 422; 406; 390; 375; 343.75.
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