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 is maintaining the long-term uptrend that began a week and a half ago on Friday. A new high could be in the cards within this pattern. MOL: It has broken away from the uptrend but has not yet broken below the 3,750 level. In the absence of a buy signal for now, a wait-and-see approach is recommended. Richter: It, too, has broken out of the uptrend, but selling pressure has not materialized in a concentrated manner, so it has remained above the 11,875 level. A further decline could occur below this support level. Magyar Telekom: The series of higher lows remains intact, and the trend was healthy, so the 2,812 level may be within reach. Opus: An upward correction bounced off the downward trend line but did not reach a new low; it will be a long time before we see meaningful buying opportunities again. 4iG: It is still in a downtrend, but a higher low could signal a reversal—though this would require a few strong days of gains.
The correction ended a week and a half ago, and the rally signaled a buy as it broke the downtrend. It’s worth managing risk using the thin green trendline, which has already surpassed the 131,250 level. As long as the uptrend remains intact, the level around 150,000 could remain a realistic target, based on the trend-confirming pattern that has formed in recent weeks.
Resistance levels: 140,625; 143,750; 150,000.
Support levels: 131,250; 125,000; 118,750; 112,500; 106,250; 100,000.
The stock has broken out of its uptrend, so it has been unable to keep pace with the upward trend. As long as it does not break above the red trend line, buying pressure may remain weak. Even a close above 3,906 could be enough. A breakout above the natural resistance level at 4,062 could open up more significant upside potential. It’s still worth waiting before buying; there has been no signal yet indicating an uptrend.
Resistance levels: 4,375; 4,563; 4,750.
Support levels: 3,750; 3,438.
It has broken out of the upward trend line, but there are no signs of selling pressure yet. The 11,875 level has become a very strong support; it must not be breached significantly to the downside, otherwise it could open up further downside potential.
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.
Following a healthy uptrend, it may reach the next resistance level around 2,812. The series of higher lows has not been broken yet either. As long as the thick green trendline holds, a trend-based decline is unlikely to occur.
Resistance levels: 2,734; 2,813.
Support levels: 2,500; 2,375; 2,250; 2,188; 2,125; 2,000; 1,875.
It broke below the downward trend line at the 437 level two weeks ago. However, the level around 344 could act as support. If it doesn’t hit a new low, a change could be on the horizon—perhaps a reversal pattern. It’s worth keeping an eye on the thin red trend line; as long as it remains intact, it’s not worth forcing a long position, even for the long term.
Resistance levels: 406; 437; 468; 500
Support levels: 375; 343; 313; 281; 250; 218.
The downward trend is still in place, but it hasn't reached a new low yet, which gives some cause for optimism. However, a reversal would require a series of confirmatory up days accompanied by higher trading volume. Until that happens, the possibility of a new low remains.
Resistance levels: 2,500; 3,125; 3,750.
Support levels: 1,875; 1,563; 1,250.
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