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.
A few days ago, the dollar began a minor correction against its counterparts. To speak of a sustained reversal, we need to see even more well-established reversal patterns. After a long period of stability, signs of a reversal in the forint’s movement have been appearing for a week now; we’re seeing a structural shift against the dollar, while the curve against the euro still has some way to go before a reversal occurs. Against the yen, the dollar has reached the 162.5 level. The EUR/CHF exchange rate is also trending upward, and no pattern indicating a short signal has yet emerged.
Following the new swing low, we are seeing some consolidation, meaning a weakening of the dollar. For now, this movement is merely a correction within the downtrend; a reversal pattern has not yet formed, and further confirmation is needed for more significant upside potential to emerge. The 1.1352 level has become a support level that the pair should not retest if it is to reverse.
Resistance levels: 1.1719; 1.1841; 1.1962; 1.2085; 1.2207; 1.2329; 1.2451.
Support levels: 1,1352; 1.1230.
We are seeing a slight upturn, but this is merely a correction within the downtrend. A break above the thick red trendline would be required to present buying opportunities. For a structural shift to occur, the price would need to rise to 1.3428, while the trendline could break at a minor intermediate level around 1.3300.
Resistance levels: 1.3672; 1.3916; 1.4160.
Support levels: 1.3184; 1.2939; 1.2812; 1.2695.
The series of lower swing highs and lows has not yet changed, but it wouldn’t take much for that to happen. It’s worth keeping an eye on the red downtrend line; until it breaks upward, a structural shift won’t be able to take place. It would need to close above 359.4 for a trend reversal to begin.
Resistance levels: 375; 382,8; 390,6.
Support levels: 351.56; 343.75; 335.9; 328.1.
On this chart, the shift in the downtrend has already taken place. The previous series of lower highs has been broken, as the exchange rate rose above the 312.5 level. A minor correction has already begun; for the reversal to take hold, it is important that the price does not fall to a new swing low. Above 304, long positions can be sought; the downtrend line could be tested around the natural level of 320.1, which could act as a significant resistance level.
Resistance levels: 320.4; 328.1; 343.75; 351.5; 359.38.
Support levels: 304.7, 296; 289.2; 281.25.
The main trend is upward, as indicated by the thin green trendline, which is currently quite far away. 162.5 was an achievable target price, which was reached yesterday. The price has become quite overbought here, and the trend-like movement is taking place at high levels; this is likely no longer the right point for opening additional long positions. Above that, the 165.63 level could come into play as a natural resistance level. Below that, the uptrend is running around 156.25.
Resistance levels: 162.5; 165.63; 168.75.
Support levels: 156.25; 153.125; 151.5; 150.
The upward trend has been continuing since the breakout from the green uptrend line. The first major resistance level was around 0.9277; this has not yet been broken, but there doesn’t seem to be any downside potential either. If the green trendline is broken, a short position could be initiated, but that is not yet on the table. The upward trendline could soon reach the 0.9155 area.
Resistance levels: 0.9277; 0.9399; 0.9521; 0.9644.
Support levels: 0.9155; 0.9033; 0.8911.
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