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 begun to break below the main uptrend line. If it falls below the 118,750-point level, a more significant correction could unfold. MOL: The share price has already risen above the natural support level of 3,906, but has not yet reached a new high—though this remains a possibility. Richter: The price is still fluctuating around the 11,875 zone, which is currently keeping further upside potential in check. Magyar Telekom: A lower high is likely to form, but a significant decline is only expected if the 2,000 level is broken. Opus: The loss of the 500-forint support level has opened the door to a move toward 375. A minor corrective rally began near this level. Rába: The stock has been trading sideways within a wide range since last November. It could bounce back up from the bottom of the range, which could later provide a solid foundation for the formation of a trend-confirming pattern.
The price closed below the key upward trend line. It has been unable to break above 125,000 in recent days, which is a sign of a weak retest and suggests that further downside movement is more likely. 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.
Since the stock price has nearly reached its previous high and may test the 4,062 level, we haven’t seen a reversal pattern yet. There is also an upward gap; if it fills this gap, a change could be on the horizon. 3,438 is an important support level, and it also marks the dividing line between the long and short sides. Above the rising green trend line, a new high is even possible.
Resistance levels: 3,906; 4,062; 4,218.
Support levels: 3,438; 3,125; 2,890; 2,812; 2,656; 2,500.
It has still not managed to overcome the resistance level around 11,875 with high volume and a breakout. If it does break below this level, the support level within the uptrend could be reached, which could drop to around 10,940 within days. There is a chance of a trend-like move soon.
Resistance levels: 12,188; 12,500.
Support levels: 10,940; 10,625; 10,313; 10,000; 9,688; 9,065; 8,750.
The correction brought the price back down to the 2,000 level, from which a minor rally followed, but this move likely signals a lower high. The descending trendline is currently the key level to watch; a new long position should only be entered above it. However, if the price breaks below the 2,000 level, a further decline could occur toward the 1,875 support level or even down to 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.
It hit the bottom of the trading range yesterday, where some buying pressure emerged. Since the price curve is still above the uptrend line, 3,125 could serve as a solid support level, and the price may turn upward toward the previous range high. Of course, if it closes below 3,125, the bullish outlook will need to be reassessed.
Resistance levels: 5,000; 5,625.
Support levels: 3,125; 2,500.
Breaking below 500 paved the way for a significant correction. A drop to around 375 was expected. However, the trend reversed below that level, so an upward correction may follow. The 500 level, however, has turned into resistance due to the break. A break of the red downtrend line could bring a more significant trend reversal and an uptrend, but that is not currently on the cards.
Resistance levels: 500; 531; 563.
Support levels: 375; 344; 313.
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