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 and silver have begun a minor correction; however, no far-reaching conclusions can be drawn from this movement at this time, as there has not yet been a significant change in the trend structure. The price of oil has reached the 87.5 target price, which is a key watershed level; a breakout above this level could result in a shift in the price range. Natural gas broke below the important upward trendline two weeks ago, though no significant selling pressure has been observed so far. Copper has been showing a strong upward trend since the recent long signal. Wheat’s uptrend also remains intact, and there is still some room before reaching the next key resistance level. Corn prices have also broken out of their downtrend, paving the way for a new swing high to form.
The overall trend is still downward, but some buying pressure has emerged in recent days. It hasn’t reached a new low yet, so this correction could even open the door to a move toward the 4,375 level. For a structural shift to occur, it would need to break above 4,218; after that, one could look to buy on dips.
Resistance levels: 4,375; 4,688; 4,843; 4,923; 5,000.
Support levels: 3,906; 3,750.
There has been no change in the main trend yet, but we are seeing a weakening on the selling side. A higher swing high would be needed for a reversal to begin, and this could develop in the coming days. It would need to break above the 62.5 level for a reversal, but if it pulls back, the 50 level could remain within reach. A break above the thin red downtrend line could trigger a trend-like rally.
Resistance levels: 75; 81.25; 87.5; 93.75; 100; 106.25.
Support levels: 56.25; 53.13; 50.
It has reached the expected resistance level of 87.5, thus arriving at the pivotal level; a break above this level could take it back into the previous range (87.5–118.75). If it turns downward, we do not see any significant potential for a decline. If it breaks through, then after a retest, it may be worth looking for better buying opportunities.
Resistance levels: 93.75; 100; 118.75; 125.
Support levels: 81.25; 68.75; 62.5; 59.38; 56.25.; 50.
Since breaking below the 3.125 natural level, the price has merely stabilized but has not yet reversed. A break above the thick red trend line could trigger a new buy signal, but this may take several more weeks.
Resistance levels: 3.906; 4.688; 6.25; 7.04; 7.81.
Support levels: 2.744; 2.344; 1.953.
Since breaking the downtrend, it has been trading above the thin green trendline. There was a strong buying day two days ago, which further reinforces the uptrend. The previous high around 6.64 could also be targeted, but the target price around 7 is considered the truly strong one.
Resistance levels: 6.64; 6.875; ; 7.03; 7.81
Support levels: 5.66; 5.46; 5.27; 4.88; 4.68; 4.49.
Last week, it already broke through the trend line with a strong candlestick, and once it moves above 688, the target price could be around 750. 625 may still be the level it needs to stay above in order to look for long positions.
Resistance levels: 688; 718.
Support levels: 625; 562; 531; 516; 500; 484; 468.
With the trendline broken, the rally is now trending. The previous high could easily be reached as the price tests 484, but the target price could be 500. A close below 437 would be a bad sign.
Resistance levels: 500; 531.2.
Support levels: 406; 390; 375; 343.75.
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