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 upward trend has stalled in recent days, but this should be viewed merely as consolidation, which could provide the index with an opportunity for further gains. MOL: The target price of 4,375 has been reached, but the stock has pulled back from that level for now. We still have to wait for a trend reversal. Richter: Above the 11,875 level, the 13,125 area was expected. Magyar Telekom: It continued to rise above 2,125; even 2,500 could be within reach. Opus: The series of lower highs and lower lows continued. 4iG: The decline reached the previous breakout level, but it is still worth waiting for a trend reversal.
Following the rapid rise to a new high, we are seeing a minor consolidation around 137,500. This pattern could confirm the trend, so the target price remains unchanged; a breakout above 125,000 could point toward the 150,000 level. The rising trend line can be used for risk management. As long as it does not break, the trend may remain bullish.
Resistance levels: 143,750; 150,000.
Support levels: 125,000; 118,750; 112,500; 106,250; 100,000.
The rally lost momentum and filled the gap, but it remained above the trend line. On the downside, the 3,750 level is considered strong support, while the 4,375 level is seen as resistance. A break below the rising trend line would be required for a decline, but that is not yet the case. However, a lower high could signal a reversal pattern.
Resistance levels: 4,375; 4,563; 4,750.
Support levels: 4,062; 3,750; 3,438.
Once the resistance level around 11,875 was breached, a move toward the 13,125 area was expected. The trend remains upward, and prices could rise even higher. A slight divergence has appeared, suggesting that the rally may be losing momentum. Aside from the slight overbought condition, no other patterns indicating a reversal have emerged.
Resistance levels: 13,125; 13,438; 13,750.
Support levels: 11,875; 10,940; 10,625; 10,313; 10,000; 9,688; 9,065; 8,750.
After a brief consolidation, the stock resumed its upward trend. It will soon be worth looking for signs of a long position; the 2,500 level is expected to be the next resistance level. The 2,188 level may have become a strong support level.
Resistance levels: 2,438; 2,500.
Support levels: 2,188; 2,125; 2,000; 1,875.
The decline has reached the level from which the previous rise began. The level around 1,875 may be a support level that has halted the decline, but it has not yet formed a reversal pattern. A break of the red trend line would be required for a more significant change in the downtrend. Currently, we would need to see a higher low in the structure of the lows and highs for a change to occur.
Resistance levels: 3,125; 3,750; 4,375; 5,000; 5,625.
Support levels: 1,875; 1,250; 625.
Despite significant volatility within the downtrend, a reversal pattern has not yet formed. After last week’s rebound from the zone below 300, the price has turned lower again. If it hits a new low, the downtrend will remain intact; if it can reverse from higher levels, it could get a chance for an upward reversal. We likely haven’t seen the bottom yet, which could be signaled by a day of record trading volume.
Resistance levels: 438; 500; 531; 563.
Support levels: 250; 219; 188; 156.
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