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 index has already reached the main uptrend line but did not break through it at the close. The key question in the coming days will be whether it manages to break through this trend line or whether we will see a minor rebound instead. In the case of MOL, it has not yet managed to move above the natural level of 3,906; if it turns down from here, a decline could follow from a lower peak. Richter: The share price is testing the 11,875 zone, which continues to act as a strong resistance level for now. Magyar Telekom: The stock has retested the 2,000 level, so this is where it will be decided whether it can maintain the upward trend or if it will break. AutoWallis: It managed to hold the 150 level, from which it could turn upward again. Rába: The stock has been trading sideways within a consolidation range since last November, with higher swing lows within that range, which could provide a suitable foundation for the formation of a trend-confirming pattern.
The correction phase reached the upward trend line two weeks ago, but has not yet closed below it. A minor pullback is visible along the trend, which could even target the 126,560 level, where the trend line defining the downtrend lies. If it breaks below the 118,750 level at the close, it would open the door for a move below 112,500.
Resistance levels: 128,125; 131,250; 134,375.
Support levels: 118,750; 112,500; 106,250; 100,000.
The price rebounded from the key support level at 3,438 three weeks ago, but so far has only formed a lower high. 3,438 is a key level and also marks the dividing line between the long and short sides. A break below the rising green trendline from a lower high could be a sell signal. Below that, 3,125 is considered strong support.
Resistance levels: 3,906; 4,062; 4,218.
Support levels: 3,438; 3,125; 2,890; 2,812; 2,656; 2,500.
The rally is facing resistance around 11,875 and has not yet managed to break through this level at the close. If it does break through, the support level within the uptrend could be reached, which could drop to around 10,940 within days. The narrowing of the price range could soon lead to a significant move.
Resistance levels: 11,875; 12,188; 12,500.
Support levels: 10,940; 10,625; 10,313; 10,000; 9,688; 9,065; 8,750.
The correction has brought the price back to the 2,000 level, where we can see buying pressure strengthening. This could lead to a minor rally, possibly even up to around 2,125, but there it may run into the downtrend line. However, if it breaks below the 2,000 level, a further decline could follow toward the 1,875 support level or even the previous breakout level around 1,750.
Resistance levels: 2,125; 2,250.
Support levels: 2,000; 1,875; 1,750; 1,688; 1,625; 1,563; 1,500.
The chart is once again moving within a consolidation phase. Since it has not yet reached a new swing low, the pattern is forming higher lows and could signal a trend reversal. In the event of a breakout above 4,380, it could rise by at least two price bands, pointing to a minimum target around 5,625. If it falls below 3,750, we do not see significant downside potential; in that case, it should reverse upward from around 3,438. The main uptrend line runs around 3,125.
Resistance levels: 5,000; 5,625.
Support levels: 3,125; 2,500.
The stock tested the 150 level yesterday, from which a strong rebound can be seen. It cannot close below the 150 level; it must hold this level, otherwise the entire structure built on the uptrend could change. If it can return above 162, a pattern indicating a further uptrend could form.
Resistance levels: 175; 187.5; 200.
Support levels: 150; 137.5.
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