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BASF

BASF - An Investment pick with more than 70% ROI.The stock has been in an up trend. It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now. It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe. One may also consider this for a swing opportunity , RSI intact in all time frames. Weekly price action shows, that the stock has broken out of falling channel, retested and reversed Consolidated for 7 weeks. Weekly RSI took support at 60 and bounced. Looks ready for a swing. SL - Previous week low at 3155. Target 1 - all time high, 3880.
NSE:BASFLong
by Rugminik
5
BASF N (BAS.de) bearish scenario:The technical figure Triangle can be found in the daily chart of the German company BASF SE (BAS.de). BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. The Triangle broke through the support line on 29/11/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 6 days towards 46.36 EUR. Your stop-loss order, according to experts, should be placed at 49.96 EUR if you decide to enter this position. German chemicals giant BASF said it would downsize permanently in Europe, kindling concerns that persistently high energy prices could lead to a deindustrialization of the continent. The company will slash costs in Europe by 500 million euros, or $501 million, annually up to 2024, focusing on cost savings in non-production units in its operating, service and R&D divisions as well as in its corporate headquarters. The company said that in the first nine months this year, gas costs at its European sites were about €2.2 billion higher than a year earlier. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:BASShort
by legacyFXofficial
BASF SE (BAS.de) bullish scenario:The technical figure Triangle can be found in the daily chart in the German company BASF SE (BAS.de). BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. The Triangle broke through the resistance line on 03/09/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 20 days towards 45.93 EUR. Your stop-loss order, according to experts, should be placed at 40.21 EUR if you decide to enter this position. BASF stock should be very attractive to investors, given its recent performance. In a macroenvironment where costs are eating into the bottom line of every company, the firm managed to buck the trend. Sales reached 23 billion Euros in Q2, increasing by 16.3%. Net income increased by an even greater 26.3%, reaching 2.1 billion Euros. The strong quarterly results led BASF to increase sales guidance to between 86 to 89 billion Euros for 2022. CEO Martin Brudermuller succinctly summarized the situation, “Despite the continued high raw materials and energy prices, we again achieved strong earnings in the second quarter.” Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:BASLong
by legacyFXofficial
BASF SE (BAS.de) bullish scenario:The technical figure Triangle can be found in the German company BASF SE (BAS.de) at daily chart. BASF SE is a German multinational chemical company and the largest chemical producer in the world. The Triangle has broken through the resistance line on 27/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 8 days towards 53.32 EUR. Your stop loss order according to experts should be placed at 48.62 EUR if you decide to enter this position. German chemical group BASF (BAS.DE) warned it could be hit by the fallout from Russia's invasion of Ukraine and counter measures in China to curb rising coronavirus infections. However, the world's biggest petrochemical firm's margins jumped as it benefitted from passing soaring raw material costs to industrial customers. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:BASLong
by legacyFXofficial
BASF this is what I expect from such a companyMy advisor Marketmiracle generated a purchase signal on BASF at a price of 69.16 with a target price of 72.95 or with a potential profit of 5.48% Effectively the last business results have been beyond the expectations and from the diagram it is clear as the title, after to have tried a sudden climb of fact has been collided with of the technical resistances that have rejected it. Now seems back the time of collection and, considering also the market sentiment that has returned slightly positive (0.02) we should start to see an increase in prices definitely up to the price of 72.95 indicated by the advisor but perhaps even beyond. It might therefore be interesting to start taking positions on BASF and then assess whether to close at that level or let go of positions for a more consistent climb. This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
XETR:BASLong
by MarketMiracleAdvisor
65% trade planned - BASF share price analysisHello dear readers, Today I would like to look at the dividend share BASF Chart-technical assessment - BASF is building a bottom and thus a trend reversal. - Crossing the trend line and the last high are the first important steps. - Within the next weeks/months, I expect the share price to initially approach the sell zone and then to undergo a strong correction to the buy zone. - The subsequent rally should complete the bottoming and approach the target zone in a strong impulse movement. The plan - I do not want to start a short trade - If the price approaches the buy zone, I would like to establish a long position here. - The buy zone, just like the target zone, must be precisely adjusted later on. For this, a trend reversal towards the buy zone must first take place and the corresponding last high must be established. - So far it is only a loose plan, updates of the idea will continue to be published by me here. If you want to support my work I would be happy about a Like & Follow 🙏 Many greetings & success! Chartdigger
XETR:BASLong
by CRV_Trader
BASF - MY ASSUMPTION:WOLFE WAVE, SUPPORT, SHORT->LONG,DIVERGENCEHI BIG PLAYERS, on this BASF chart I want present you my assumption for a developing Wolfe Wave pattern. Currently BASF is fighting against court decisions. This is why I think, the next 3 months it will be a shortsetup. After this, BASF will touch the support line. It is close to develop a bullish Wolfe Wave pattern and start a huge rising up movement. Furthermore, I guess that the reason for the ascent will be the the development of a remedy against the Corona Virus. In the last published WHO meeting it was talked that a remedy will be developed in 3-5 months. This would make my prediction possible, because the touching of the support line and the Wolfe Wave pattern would be final in 3-5 months. In addition, the RSI is building a divergence to the price. Kind regards NXT2017
XETR:BAS
by NXT2017
Chemical Industry Collapse - BASF Is The BellweatherMacro German industry in freefall - ESI Lower & PMIs lower. Consumer confidence lower, the chemical industry relies heavily on consumer products. China PMIs lower again. Micro 60% of sales are based in China/Europe new orders slowing "In China, the world’s largest automotive market, the decrease was more than twice as high, at around 13%." Profit warning 30% revision. The strategy has been to move into Asian markets but they are all contracting. If the share price is higher than December 2018 and Germany is going into recession, how is the current price justified? "Basf predicts a slower year For 2019, we expect the global economy to continue to grow at a slightly slower pace than in the previous year. "
XETR:BASShort
by UnknownUnicorn764329
1
BASF - update (last Oct. 22nd)okay guys. this an update from october the 22nd (). now we have finish the impulse for the first and we can look for an update. in this chart we have a bar construction like a trendchange. it's important to know how it works. let us look the chart. we have two lines. one is red and one is blue. is the redline the first triggerpoint, so we look at the price at 89,2 €. normally should there the trendchange starting. the stopp loss is at 97 and we going out from this trade at 91€!!! IMPORTANT!!! let us watch the blue line. is the blue line the first triggerpoint at a price at 85,6 so we take a call with a stopploss by 80€ and going out from this trade at 84€. also IMPORTANT!!! in the chart we have a green and red full color rectangle. the green rectangle is the finish point for the guys whose token a call at 69€ or lower. the red rectangle is the stopploss or the NO RETURN POINT! is the price below this this rectangle is the price going down to neverland ;)i hope u understand and what i mean. for the last. if the price at 97 € i'll give an update! good trades!
FWB:BAS
by MrThomas
BASF, tentative break of downtrendThe recent break to the upside of a descending triangle channel looks promising, however to confirm a movement to the upside a break of the RSI descending trendline is needed. In fact, a short term bullish divergence can be seen forming in the RSI (green arrow), which if carried through could indicate the onset of a reversal. The price has found a strong long term support level at around 63.68, which has brought it to test resistance at the 50 day moving average (violet curve), also a confluence level at the 0.618 fibo trend retracement and 0.236 retracement from the June of last year's high. The current price action seems to have established a upward trending channel which in case of a break of the 50 day EMA could see it testing the 200 day EMA at around 85 for resistance. On the flip side, a break of the current channel below 75.80 could signal that price isn't ready for a continued recovery and will likely see it fall back to ~ 73. The long term trend is still bullish above the February 2016 significant low at 63.68.
OTC:BASFYLong
by LotsOfLore