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.
Commodities aren’t having a great week right now. Following their previous strong rallies, prices are falling to levels that have signaled a shift even on the long-term charts. Gold and silver prices have hit new swing lows, maintaining the downtrend. They are approaching strong support levels, but that doesn’t necessarily mean buying is a good idea. Oil prices signaled a sell a month ago; since then, we’ve seen a pullback amid a trend-like decline. Natural gas has also been trading sideways in recent days, but this may look more like a consolidation phase. Copper prices, however, have broken below the support level that should have sustained long positions, thereby opening the door to a short trend. Wheat also fell but did not reach a new low, while corn is once again at a new low. It’s still worth waiting for a turnaround in these markets as well.
The retest of the 4,375 level did not change the trend; it was merely a technical correction. Yesterday, it hit a new swing low, which served to reinforce the ongoing downtrend. The steepness of the decline is increasing, so we may soon see another strong low. The next support levels are at 3,906 and 3,750.
Resistance levels: 4,375; 4,688; 4,843; 4,923; 5,000.
Support levels: 3,906; 3,750.
After a minor correction, this one also continued its decline. Due to the new swing low, the downtrend remains intact. As long as the curve stays below the main downward red trendline, going long doesn’t seem like a good idea. Below 62.5, the 50 level is still in play; this could serve as very strong support later on. Without a break of the red downward trendline, it’s unlikely that any significant change will occur.
Resistance levels: 87.5; 93.75; 100; 106.25.
Support levels: 59.38; 56.25; 53.13; 50.
The trend-following movement continued this week. The uptrend broke a month ago with a drop below 93.75. The price reached very strong support around 68.75, where it had already become significantly oversold. An intraday reversal would be needed for any chance of a rally to emerge. The red trendline is now far behind, and even a short-term correction could be substantial. Thus, the range of possible movement is likely to be bounded by 68.75 on the downside and 93.75 on the upside. If the price falls below 68.75, 62.5 could potentially be reached.
Resistance levels: 93.75; 100; 118.75; 125.
Support levels: 68.75; 62.5; 59.38; 56.25.; 50.
Since breaking the downtrend, it has been in an uptrend. The sideways movement of recent weeks may also be a trend-confirming pattern that could lead to further gains. The thick green trendline is intact; it’s worth looking for buying opportunities above it. The first major resistance level is around 4.68, so there is room to move higher. Any oversold conditions could now be entry points for long positions.
Resistance levels: 3.906; 4.688; 6.25; 7.04; 7.81.
Support levels: 2.344; 1.953.
Yesterday, it broke below the 6.15 level, marking a new swing low and confirming the downtrend. As long as the red trendline remains intact, going long doesn't seem like a good idea. The uptrend line is around 5.66, and a test of this level is on the horizon.
Resistance levels: 6.64; 6.875; ; 7.03; 7.81
Support levels: 5.66; 5.46; 5.27; 4.88; 4.68; 4.49.
After a minor correction, it is still moving in a downtrend. 625 is the resistance level, while 562 is the support level. If it stabilizes and consolidates at current price levels, we could see good entry points for long positions later on. If it reaches a new swing low, the opportunity for long positions would be further delayed.
Resistance levels: 625; 656; 688; 718.
Support levels: 562; 531; 516; 500; 484; 468.
After a minor correction, the price is heading toward a new swing low. The gap left open earlier on the upside may be filled. 406 is an important support level; below that, another support level would be around 390. No reversal of the downtrend is visible yet; a trend-like rise may occur once the price moves above the red trendline.
Resistance levels: 500; 531.2.
Support levels: 406; 390; 375; 343.75.
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