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 strengthening of the dollar has slowed down, begun to stabilize, and may even turn upward again. The EURUSD exchange rate must rise within days, otherwise the trend may break. It has fallen too low against the pound, so only a break in the downward trend can bring about change here. Against the yen, the path to the 150 level remains open. The forint remains strong, so a level of around 300 against the dollar is a realistic possibility. In EURHUF, the exchange rate could reach the 375 target zone, but there are no clear signs of a reversal yet. The Swiss franc continues to strengthen against the euro.
The upward trend line is still alive, buyers managed to catch the fall yesterday, but as the ideal trend is approaching, it needs to start moving up in order to maintain the long search opportunity. We should see an upward day within a day or two. In this case, it would only be open upwards. The 1.1780 level should not be broken.
Resistance levels: 1.2085; 1.2207; 1.2329; 1.2451; 1.2573; 1.2695.
Support levels: 1.1719; 1.1597; 1.1475; 1,1352; 1.1230.
The strengthening of the dollar and the weakening of the pound also contributed to reaching a new swing low and breaking the upward trend. The 1.3472 level may be tested and could even be a turning point. It is worth following the red downward trend line. Until it breaks, a more serious upward wave is unlikely to start. The trend line could only break above the 1.3672 level, in which case there could be room for upward movement, with 1.3916 and 1.4160 also being realistic scenarios.
Resistance levels: 1.3916; 1.4160.
Support levels: 1.3184; 1.2939; 1.2812; 1.2695.
Still in a downward trend, but above 375. We cannot yet know whether the local bottom has already been reached, but the 375 zone should theoretically function as a strong support. The price continues to move in a downward trend, and it may take a long time for the exchange rate to approach the downward trend line. Trading against the forint still does not seem like a good idea. The downward trend line is currently at 386.7, which is the dividing line between long and short positions. A reversal signal is therefore still awaited.
Resistance levels: 390.6; 406.25; 410.1; 414.06.
Support levels: 378.9; 375.
The exchange rate broke through the 328.4 level, but has not yet been able to retest it. Strong support is provided by the 312.5 and 304.8 levels, which could be realistic target prices. No pattern or signal indicating a buy has yet emerged.
Resistance levels: 343.75; 351.5; 359.38.
Support levels: 312.5; 304.3.
After the trend break, the exchange rate retested the downward trend line, from which it turned decisively. It stuck around the 153.13 level, which further reinforces the validity of the existing downward trend. The only significant support is in the 150 zone, which could represent a strong technical stop and a potential buying level. Later on, a break through the red downward trend line could give a technical signal pointing to a trend-like rise, but it is still too early to talk about this.
Resistance levels: 156.25; 159.38; 162.5.
Support levels: 151.5; 150.
It has been on a downward trend since the break. The 0.9277 level has become a strong resistance. It is still reasonable to follow the red downward trend line; as long as the exchange rate remains below this level, a significant reversal is unlikely. The 0.9033 level could be the next target.
Resistance levels: 0.9399; 0.9521; 0.9644.
Support levels: 0.9033; 0.8911.
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