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 correction has reached the index level we expected as support, from which significant rebounds may occur in the short term. However, these movements are likely to be temporary, and their sustainability can only be assessed to a limited extent at present. MOL: After testing the 3,438 point level, the curve turned, reaching 3,750, but 3,906 may also be tested. Richter: The share price has undergone a correction in recent days; the 11,875 zone may continue to act as a significant resistance level. Magyar Telekom: A turning point is emerging, with a neckline at 2,125. Accordingly, the short-term target price may still be in the 2,000-point range. AutoWallis: Maintaining the 150 level would be key to curbing further weakness. Rába: Since November last year, the shares have been moving sideways in a consolidation range, which could provide a suitable basis for a trend-reinforcing pattern to develop later.
Since the turnaround, a correction phase has been visible. The decline reached the minimum expected level of 118,750. The upward trend has not yet broken at closing. It is worth following the trend line above, which is already running at the 128,125 level, where it may encounter stronger resistance. Below 118,750, 112,500 is the next support level in case of a trend break.
Resistance levels: 128,125; 131,250; 134,375.
Support levels: 118,750; 112,500; 106,250; 100,000.
The price reversed from the important support level at 3,438. For now, it has reached 3,750, but it could even reach 3,906. This pattern suggests a lower peak, so there is potential on the long side. Below, 3,438 and 3,125 are considered strong support levels.
Resistance levels: 3,906; 4,062; 4,218.
Support levels: 3,438; 3,125; 2,890; 2,812; 2,656; 2,500.
For now, we are seeing a smooth correction downwards from the important resistance level of 11,875. After a long closing signal yesterday, there was a small gap downwards, but this is likely to be filled quickly. The extent of the pullback was probably not yet large enough to provide a better basis for further gains. The next significant support is in the 10,625 zone.
Resistance levels: 11,875; 12,188; 12,500.
Support levels: 10,625; 10,313; 10,000; 9,688; 9,065; 8,750.
The dividend caused the price to jump significantly, breaking out of a correction within the upward trend. With a neckline of 2,125, the movement also formed a single double top pattern. However, only 2,000 comes out of this small formation as an expected value. A break in the trend line could bring about a more significant change.
Resistance levels: 2,125; 2,250.
Support levels: 2,000; 1,875; 1,750; 1,688; 1,625; 1,563; 1,500.
After a significant rise earlier, it has been moving in a consolidation phase for weeks. Despite minor declines, the pattern is forming rising lows and may correspond to a trend reinforcement. In the event of a breakout above 4,380, it could go at least two bands, which points to a minimum target price of around 5,625. If it falls below 3,750, there is no significant downside potential, and the 3,438 level could be tested. The main uptrend line runs around 3,125.
Resistance levels: 5,000; 5,625.
Support levels: 3,125; 2,500.
It broke through the 162.5 support level, and since then, the 150 level has been trying to stop the decline. This could lead to range trading, but the 150 level must hold, otherwise the entire structure built on the rise could change. If it can return above 162, then a pattern indicating an uptrend could continue to develop.
Resistance levels: 175; 187.5; 200.
Support levels: 150; 137.5.
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