WHATS COOKING GP - Daily - Technical analysis published on 03/25/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 76.2 EUR
My targets
79.0 EUR (+2.07%)
81.1 EUR (+4.78%)
My analysis
WHATS COOKING GP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 76.2 EUR. The next resistance located at 79.0 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 81.1 EUR. After this resistance, buyers could then target 91.8 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WHATS COOKING GP rating is 77.4 EUR. The price registered an increase of +15.18% on the session with the lowest point at 72.6 EUR and the highest point at 78.2 EUR. The deviation from the price is +6.61% for the low point and -1.02% for the high point.72.6
78.2
77.4
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this WHATS COOKING GP chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 69.0 | 73.0 | 76.2 | 77.4 | 79.0 | 81.1 | 91.8 |
| Change (%) | -10.85% | -5.68% | -1.55% | - | +2.07% | +4.78% | +18.60% |
| Change | -8.4 | -4.4 | -1.2 | - | +1.6 | +3.7 | +14.4 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.6 | 66.4 | 66.8 | 67.6 | 68.0 | 68.8 | 69.2 |
| Camarilla | 66.9 | 67.0 | 67.1 | 67.2 | 67.3 | 67.4 | 67.5 |
| Woodie | 65.4 | 66.3 | 66.6 | 67.5 | 67.8 | 68.7 | 69.0 |
| Fibonacci | 66.4 | 66.9 | 67.1 | 67.6 | 68.1 | 68.3 | 68.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.2 | 65.6 | 66.4 | 67.8 | 68.6 | 70.0 | 70.8 |
| Camarilla | 66.6 | 66.8 | 67.0 | 67.2 | 67.4 | 67.6 | 67.8 |
| Woodie | 63.9 | 65.5 | 66.1 | 67.7 | 68.3 | 69.9 | 70.5 |
| Fibonacci | 65.6 | 66.4 | 67.0 | 67.8 | 68.6 | 69.2 | 70.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.7 | 49.5 | 61.3 | 68.1 | 79.9 | 86.7 | 98.5 |
| Camarilla | 67.9 | 69.6 | 71.3 | 73.0 | 74.7 | 76.4 | 78.1 |
| Woodie | 45.1 | 50.8 | 63.7 | 69.4 | 82.3 | 88.0 | 100.9 |
| Fibonacci | 49.5 | 56.6 | 61.0 | 68.1 | 75.2 | 79.6 | 86.7 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.50 | |
| MACD (12,26,9): | 1.5000 | |
| Directional Movement: | 33.0 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 71.5 | |
| Parabolic SAR (0,02-0,02-0,2): | 66.8 | |
| Elder Ray (13): | 5.3 | |
| Super Trend (3,10): | 67.5 | |
| Zig ZAG (10): | 77.4 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 33.70 | |
| TEMA (21): | 71.6 | |
| Williams %R (14): | -7.00 | |
| Chande Momentum Oscillator (20): | 2.8 | |
| Repulse (5,40,3): | 6.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4000 | |
| Courbe Coppock: | 7.90 |
| MA7: | 69.6 | |
| MA20: | 71.4 | |
| MA50: | 65.0 | |
| MA100: | 65.4 | |
| MAexp7: | 70.6 | |
| MAexp20: | 69.3 | |
| MAexp50: | 67.1 | |
| MAexp100: | 67.2 | |
| Price / MA7: | +11.21% | |
| Price / MA20: | +8.40% | |
| Price / MA50: | +19.08% | |
| Price / MA100: | +18.35% | |
| Price / MAexp7: | +9.63% | |
| Price / MAexp20: | +11.69% | |
| Price / MAexp50: | +15.35% | |
| Price / MAexp100: | +15.18% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on WHATS COOKING GP. At the time of publication of this analysis, the latest news was as follows:
Ter BekeThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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