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.
With calmer trading, there were no significant movements last week. The index is still in a slight correction phase. Both the extent of the decline and the time frame of the correction do not seem long enough to look for new longs with good return potential. MOL: The first support level can be expected around 3,438, but only 3,125 can be considered a buying opportunity. Richter: There is strong support around 10,625, while 11,875 could be strong resistance. Magyar Telekom: There is still room for correction towards 1,875 if it remains below 2,000. AutoWallis seems to be stabilizing above 162.5, while Opus's breakout from the narrowing was short-lived, quickly returning above important levels.
Since the turnaround two weeks ago, a correction phase has been underway. Currently, the market can only expect minor increases, below the red trend line. Strong support around 118,750 and 121,875 would be expected to be tested in the first round. Below that, the breakout level of 112,500 could come into play. Above that, stronger resistance could be found around 131,250.
Resistance levels: 131,250; 134,375.
Support levels: 118,750; 112,500; 106,250; 100,000.
The price continued to fall and almost reached the important support level at 3,438, which lies halfway through the upward phase. This level could halt the decline. Once the jagged steep red downtrend line is broken, a minor upward wave may follow. If it continues to fall, the only really strong support is around 3,125, but this level may 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.
It is still trading below the important resistance level of 11,875, but it is possible that it will attempt a breakout. However, the indicators no longer support further long positions and are definitely pointing to a correction. It may be worth looking for further long positions only after a correction. Strong support can only be found 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 high, it began to correct, then tested the 2,000 level from below. A break in the thin green trend line could bring a stronger correction. It could fall back to the middle of the last upward phase, which could mean testing the 1,875 level.
Resistance levels: 2,062; 2,125.
Support levels: 1,875; 1,750; 1,688; 1,625; 1,563; 1,500.
The breakout from the narrowing range brought another spike above the 468 level. It quickly closed back above 531, which is a good sign for long-side trading. 592 and 625 could be the targets for another rise.
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, which halted the decline. This level must be maintained in order to be able to look for buying opportunities later on. A rise above 175 could bring a new peak, around 187. Below that, 150 could be a support level, but if it falls to that level, a range movement is the most likely scenario.
Resistance levels: 175; 187.5; 200.
Support levels: 150; 137.5.
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