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.
Two weeks ago, domestic stocks began to show signs of a downturn, which culminated in a general decline at the end of last week. The declines may continue this week, and after significant increases, there may be plenty of room for corrections. MOL: The first support level can be expected around 3438, but only 3125 can be considered a buying opportunity. Richter: There is strong support around 10,625, while 11,875 may be strong resistance. Magyar Telekom: There is still room for correction towards 1875. Among smaller stocks, AutoWallis turned around and retested the breakout level, which it must hold to remain a buy. Opus broke out of its narrowing range, putting it on a downward trajectory in the short term.
Following the strong reversal pattern seen two weeks ago, the correction has begun. Concentrated selling began last Friday. It is not worth looking for buying opportunities at the moment, as strong support can only be found much lower down. Strong support around 118,750 and 121,875 would be tested in the first round. Below that, the breakout level of 112,500 could come into play.
Resistance levels: 131,250; 134,375.
Support levels: 118,750; 112,500; 106,250; 100,000.
The price decline continued, and halfway through the last upward phase, at 3438, it may encounter support that could halt the decline. Another small upward wave is unlikely to reach a new peak in the coming days. The only really strong support is lower, around 3125, but this level could be a buying opportunity in itself.
Resistance levels: 3,906; 4,062; 4,218.
Support levels: 3,438; 3,125; 2,890; 2,812; 2,656; 2,500.
11,875 could be an important resistance level, which it has not been able to break through so far, and due to overbought conditions, the trend is already beginning to stall, so further longs would only come after a correction. Strong support would only be expected around 10,625.
Resistance levels: 11,875; 12,188; 12,500.
Support levels: 10,625; 10,313; 10,000; 9,688; 9,065; 8,750.
After reaching a new peak, it left behind several days of strong selling, from which it was unable to recover, so further selling can be expected. It may even fall back to the middle of the last upward phase, which could mean testing the 1875 level.
Resistance levels: 2,062; 2,125.
Support levels: 1,875; 1,750; 1,688; 1,625; 1,563; 1,500.
The narrowing reached the end of the formation, from which yesterday's day broke off. It closed below 531, so half of the decline was decided. A strong dip may also come around 468.
Resistance levels: 592; 625; 650.
Support levels: 531; 500; 468.
We have seen a retest in recent days, which brought the price down to the important support level of 162.5. This level must be maintained in order to be able to look for buying opportunities later on. Further down, 150 could be a support level, but if the price falls to this level, a sideways movement is the most likely scenario.
Resistance levels: 175; 187.5; 200.
Support levels: 150; 137.5.
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