Signs of life from the Varta share: After the share price was last in a chart-technical consolidation movement from the all-time high of 138.70 euros to 108.80 euros, there are increasing signs of a possible upward breakout. The downward movement was recently replaced by a sideways movement above the newly created technical support zone around 108.80 / 111.40 euros. However, the procyclical buy signal with which Varta’s share price can break this upward movement is still missing.
The signal zone for this buy signal is the resistance area at 122.90 / 123.30 euros, which is coming under pressure today and where the upper Bollinger band is currently running at 123.10 euros. During the course of the day, the Varta share climbed to 122.90 euros – but not above the technical hurdle. Instead, a setback: Varta’s share price is now at EUR 120.40, still gaining 4.33 percent compared to yesterday’s closing price in XETRA trading, but it also missed the buy signal.
The two zones around 123 euros and 108.80 / 111.40 euros are likely to remain decisive for the Varta share in the short term.