TARKETT - Daily - Technical analysis published on 01/13/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 14.58 EUR
My targets
13.39 EUR (-2.62%)
12.64 EUR (-8.07%)
My analysis
There is a bearish trend on TARKETT both at the basic level and in the short term. A sale could be considered, so long as the price remains below 14.58 EUR. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 13.39 EUR. Then the price could move towards 12.64 EUR. Be careful, a return to above the resistance 14.58 EUR would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TARKETT price is 13.75 EUR. The price registered an increase of +0.73% on the session and was between 13.47 EUR and 14.16 EUR. This implies that the price is at +2.08% from its lowest and at -2.90% from its highest.13.47
14.16
13.75
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TARKETT:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of TARKETT indicates that the overall trend is bearish. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 12.64 | 13.39 | 13.75 | 15.31 | 18.39 | 21.70 |
| Change (%) | -8.07% | -2.62% | - | +11.35% | +33.75% | +57.82% |
| Change | -1.11 | -0.36 | - | +1.56 | +4.64 | +7.95 |
| Level | Major | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.06 | 13.36 | 13.50 | 13.80 | 13.94 | 14.24 | 14.38 |
| Camarilla | 13.53 | 13.57 | 13.61 | 13.65 | 13.69 | 13.73 | 13.77 |
| Woodie | 12.99 | 13.32 | 13.43 | 13.76 | 13.87 | 14.20 | 14.31 |
| Fibonacci | 13.36 | 13.53 | 13.63 | 13.80 | 13.97 | 14.07 | 14.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.58 | 13.04 | 13.35 | 13.81 | 14.12 | 14.58 | 14.89 |
| Camarilla | 13.44 | 13.51 | 13.58 | 13.65 | 13.72 | 13.79 | 13.86 |
| Woodie | 12.50 | 13.00 | 13.27 | 13.77 | 14.04 | 14.54 | 14.81 |
| Fibonacci | 13.04 | 13.34 | 13.52 | 13.81 | 14.11 | 14.29 | 14.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.12 | 10.19 | 12.29 | 13.36 | 15.46 | 16.53 | 18.63 |
| Camarilla | 13.53 | 13.82 | 14.11 | 14.40 | 14.69 | 14.98 | 15.27 |
| Woodie | 9.65 | 10.45 | 12.82 | 13.62 | 15.99 | 16.79 | 19.16 |
| Fibonacci | 10.19 | 11.40 | 12.15 | 13.36 | 14.57 | 15.32 | 16.53 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.51 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -8.10 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 13.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.50 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 13.30 | |
| Zig ZAG (10): | 13.75 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 38.85 | |
| TEMA (21): | 13.92 | |
| Williams %R (14): | -65.71 | |
| Chande Momentum Oscillator (20): | -0.31 | |
| Repulse (5,40,3): | -2.8800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.89 |
| MA7: | 13.89 | |
| MA20: | 13.87 | |
| MA50: | 14.10 | |
| MA100: | 13.83 | |
| MAexp7: | 13.85 | |
| MAexp20: | 13.88 | |
| MAexp50: | 13.96 | |
| MAexp100: | 14.40 | |
| Price / MA7: | -1.01% | |
| Price / MA20: | -0.87% | |
| Price / MA50: | -2.48% | |
| Price / MA100: | -0.58% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -0.94% | |
| Price / MAexp50: | -1.50% | |
| Price / MAexp100: | -4.51% |
News
Don"t forget to follow the news on TARKETT. At the time of publication of this analysis, the latest news was as follows:
- Information on the total number of voting rights and shares in Tarkett’s share capital as of December 31, 2019
- Update on Q4 trading in North America - 2019 outlook revised
- Information on the total number of voting rights and shares in Tarkett’s share capital as of September 30, 2019
- Déclaration des opérations d’achats d’action réalisées dans les conditions de l’article 5 §2 du règlement (UE) n°596/2014 du 16 avril 2014 sur les abus de marché
- Déclaration des opérations d’achats d’action réalisées dans les conditions de l’article 5 §2 du règlement (UE) n°596/2014 du 16 avril 2014 sur les abus de marché
This member declared not having a position on this financial instrument or a related financial instrument.
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