Mercedes-Benz trades around €58.76, after upbeat EV sales drive technical breakout

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Mercedes-Benz Group rises 0.69% today

Highlights

Mercedes-Benz Group AG shares at €58.76 trade above MA-20, MA-50, and MA-200, indicating strong bullish momentum across all timeframes.
Mercedes-Benz announced a proprietary high-power EV charging network for the US, Europe, and China, alongside EQS electric sedan updates and new EV infrastructure partnerships.
Momentum and oscillators reflect overbought conditions with intraday bullish dominance; price is expected to consolidate in €57.00–€60.00 range, with an 80 probability of continued gains.

EV charging strategy and partnerships drive expansion in key markets

Mercedes-Benz Group has announced plans to launch its own network of high-power electric vehicle charging stations in key markets, targeting the United States, Europe, and China. Recent quarterly reports highlighted an increase in electric vehicle sales, particularly across Europe and China. The company also unveiled updates to its EQS electric sedan and is pursuing new strategic partnerships to boost its EV infrastructure.

Overbought oscillators flag pullback risk amid sustained buying

Momentum indicators present a positive backdrop, with MACD signaling a buy and moderate ADX suggesting a trend that is gaining, but not strongly established. Daily oscillators are overbought (RSI at 68, Stoch RSI and CCI both elevated), and Bull/Bear Power shows clear intraday buyer dominance. The Awesome Oscillator supports the current bullish trend. Today’s session is up 0.69%, opening higher after a minor gap and trading near the session’s upper range (€59.10 high), reflecting modest volatility and bullish strength toward the highs. There is a notable divergence between sustained momentum and overbought oscillator readings, signaling a risk of short-term pullback even as buyers remain in control intraday.

Sideways consolidation expected as breakout hinges on resistance

For the next five trading days, the expected price range is adjusted to €57.00 — €60.00, maintaining the current market context and recent volatility. There is a high probability (80%) of continued price increases, with declining prices less likely. The baseline scenario is for the price to consolidate sideways within this corridor. A bullish breakout above €60 could bring renewed momentum and potentially target higher resistance levels. Conversely, a drop below support near €57 would open the way for a corrective pullback toward the mid-€56 range.

Anton Kharitonov, expert at Traders Union, sees strong technical momentum in Mercedes-Benz Group AG but notes rising risks shown by overbought oscillators. He highlights that while bullish sentiment persists following positive EV news and infrastructure initiatives, short-term pullback risks are growing. Kharitonov remains cautious, emphasizing the importance of the €57.00 support and lack of a strongly established uptrend. "Base case is sideways action in the €57.00 — €60.00 range, but if support breaks, I expect a deeper corrective move lower."

Previously it was noted that sideways movement likely as upside breakout odds remain low for Mercedes-Benz Group AG. The article also highlighted that the stock was expected to consolidate within a defined range as mixed momentum signals persisted.

Source of Data: MBG Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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