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 market remains in a mild uptrend; no pattern has yet emerged that could trigger a significant change. MOL: After hitting a new swing low, it has reaffirmed its short-term downtrend. In the absence of a buy signal for now, a wait-and-see approach is recommended. Richter: It broke out of its uptrend earlier; the 11,565 support level has held so far. A higher low could signal a reversal. Magyar Telekom: We saw the first significant correction last week. Its uptrend could also be broken soon. Opus: It is still in a downtrend; it’s worth waiting before buying. 4iG: It is also in a downtrend; only a higher low could trigger a reversal, but this would require a few days of strong volume on the upside.
The upward trend is not over yet; for now, the index is holding above the main thin green uptrend line. The 140,625 resistance level has held firm in recent days. It is advisable to manage risk using the thin green trend line, which is approaching the natural support level of 134,375.
Resistance levels: 140,625; 143,750; 150,000.
Support levels: 134,375; 131,250; 125,000.
The stock broke out of its uptrend nearly three weeks ago. In recent days, however, it hit a new swing low, which reinforces the ongoing downtrend. As long as it doesn’t break above the red trendline, buying pressure may remain weak. Even a close above 3,906 could be enough to trigger a rally. It’s still worth waiting before buying; a signal to open a long position hasn’t come yet.
Resistance levels: 4,375; 4,563; 4,750.
Support levels: 3,750; 3,438.
A minor rise has not yet changed the fact that the overall trend is still downward within the correction phase. However, if it does not reach a new low in the coming days, even a higher swing low could help trigger a reversal. The 11,565 level has provided support from below in recent days, becoming a very strong support level; this level must not be breached again, otherwise the downtrend may continue.
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.
For the first time in a long while, we’ve seen a more significant correction; this downward move could set the stage for a stronger correction phase to begin after the price hits the next lower swing high. A break below the thick green uptrend line would also contribute to the decline.
Resistance levels: 2,734; 2,813.
Support levels: 2,500; 2,375; 2,250.
The downward trend is still intact, and there are no signs of a change yet. A break below the 344 level could push the price back down toward the previous low. If it doesn’t reach a new low, a change could occur—possibly a reversal pattern. It’s worth keeping an eye on the thin red trendline; as long as it remains intact, it’s not worth looking for an entry on the long side.
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—it has only approached it. A reversal, however, would require 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: 1,563; 1,250.
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