
Technical analysis of Carlsberg A/S (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
Carlsberg A/S is a manufacturer and marketer of beer, soft drinks, and other beverage products operating in Western Europe, Asia, Central and Eastern Europe, India, and internationally. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 20, 2026, computed on the last 12 months of prices.
21 sessions
886.31 DKK
+8.65%
50 sessions
880.88 DKK
+9.32%
200 sessions
874.53 DKK
+10.12%
s2
950.33
Support
s1
956.07
Support
pivot
959.13
Pivot
r1
964.87
Resistance
r2
967.93
Resistance
In the October 20, 2026 session Carlsberg A/S closed higher at 963.00 DKK, +0.12% versus the previous session.
The price sits above every moving average observed: +8.65% against the 21-session average, +9.32% against the 50 and +10.12% against the 200.
The 14-period RSI reads 77.5, in overbought territory.
MACD stands at 22.019 against a signal line at 10.705: the histogram is positive (+11.314).
ADX reads 23.2, indicating weak directionality.
Levels computed on the latest session place supports at 956.07 and 950.33 DKK and resistances at 964.87 and 967.93 DKK, around a pivot of 959.13.
The average daily range (ATR) is 19.643 DKK, or 2.04% of price.
Turnover was 44.5K shares, 23% of the 20-session average.
Over the last twelve months the price ranged between 815.80 and 970.20 DKK, and today stands −0.74% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Carlsberg A/S analysed technically?
Technical analysis of Carlsberg A/S is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Carlsberg A/S?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Carlsberg A/S?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Carlsberg A/S it helps frame the technical structure of the historical chart and is not a forecast.
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