Londinia Opportunities Analyses - 05/07/2024 (GMT) OCI - 1H
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EUR
(-)
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15 min delayed data - Euronext Amsterdam
| Type: | Stocks |
| Ticker: | OCI |
| ISIN: | NL0010558797 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 25.46 EUR
My targets
25.78 EUR (+0.70%)
26.00 EUR (+1.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OCI as long as the price remains well above 25.46 EUR. The buyers' bullish objective is set at 25.78 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.00 EUR. If there is any crossing, the next objective would be the resistance located at 26.17 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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Additional analysis
Quotes
The OCI price is 25.60 EUR. The price registered an increase of +0.59% on the session and was traded between 25.51 EUR and 25.60 EUR over the period. The price is currently at +0.35% from its lowest and 0% from its highest.25.51
25.60
25.60
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OCI chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.58 | 25.14 | 25.46 | 25.60 | 25.78 | 26.00 | 26.17 |
| Change (%) | -3.98% | -1.80% | -0.55% | - | +0.70% | +1.56% | +2.23% |
| Change | -1.02 | -0.46 | -0.14 | - | +0.18 | +0.40 | +0.57 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
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 | 24.85 | 25.04 | 25.25 | 25.44 | 25.65 | 25.84 | 26.05 |
| Camarilla | 25.34 | 25.38 | 25.41 | 25.45 | 25.49 | 25.52 | 25.56 |
| Woodie | 24.85 | 25.05 | 25.25 | 25.45 | 25.65 | 25.85 | 26.05 |
| Fibonacci | 25.04 | 25.20 | 25.29 | 25.44 | 25.60 | 25.69 | 25.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.62 | 24.09 | 24.61 | 25.08 | 25.60 | 26.07 | 26.59 |
| Camarilla | 24.85 | 24.94 | 25.03 | 25.12 | 25.21 | 25.30 | 25.39 |
| Woodie | 23.64 | 24.10 | 24.63 | 25.09 | 25.62 | 26.08 | 26.61 |
| Fibonacci | 24.09 | 24.47 | 24.71 | 25.08 | 25.46 | 25.70 | 26.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.36 | 23.29 | 24.30 | 25.23 | 26.24 | 27.17 | 28.18 |
| Camarilla | 24.77 | 24.94 | 25.12 | 25.30 | 25.48 | 25.66 | 25.83 |
| Woodie | 22.39 | 23.31 | 24.33 | 25.25 | 26.27 | 27.19 | 28.21 |
| Fibonacci | 23.29 | 24.03 | 24.49 | 25.23 | 25.97 | 26.43 | 27.17 |
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): | 57.14 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 9.24 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 25.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.90 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 25.07 | |
| Zig ZAG (10): | 25.45 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 82.89 | |
| TEMA (21): | 25.51 | |
| Williams %R (14): | -18.10 | |
| Chande Momentum Oscillator (20): | 0.41 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 4.19 |
| MA7: | 25.21 | |
| MA20: | 24.98 | |
| MA50: | 24.98 | |
| MA100: | 25.21 | |
| MAexp7: | 25.47 | |
| MAexp20: | 25.32 | |
| MAexp50: | 25.17 | |
| MAexp100: | 25.08 | |
| Price / MA7: | +1.55% | |
| Price / MA20: | +2.48% | |
| Price / MA50: | +2.48% | |
| Price / MA100: | +1.55% | |
| Price / MAexp7: | +0.51% | |
| Price / MAexp20: | +1.11% | |
| Price / MAexp50: | +1.71% | |
| Price / MAexp100: | +2.07% |
Quotes :
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15 min delayed data
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Euronext Amsterdam
News
The latest news and videos published on OCI at the time of the analysis were as follows:
- OCI Global Announces Agreement for the Sale of IFCO to Koch
- Koch Ag & Energy Solutions Reaches Agreement to Acquire Wever Fertilizer Plant from OCI Global
- OCI Global Announces VP Investor Relations & Communications
- OCI Global Announces VP Investor Relations & Communications
- OCI Global Announces VP Investor Relations & Communications