Londinia Opportunities Analyses - 05/07/2024 (GMT) ARKEMA - 1H

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	AKE
ISIN:	FR0010313833

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 100.80 EUR

My targets

103.00 EUR (+1.08%)

103.40 EUR (+1.47%)

My analysis

ARKEMA 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 100.80 EUR. The next resistance located at 103.00 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 103.40 EUR. After this resistance, buyers could then target 112.46 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

8.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The ARKEMA rating is 101.90 EUR. The price registered an increase of +3.93% on the session and was between 100.00 EUR and 104.40 EUR. This implies that the price is at +1.90% from its lowest and at -2.39% from its highest.

100.00

104.40

101.90

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ARKEMA:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ARKEMA indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	97.79	100.10	100.80	101.90	102.10	103.00	112.46
Change (%)	-4.03%	-1.77%	-1.08%	-	+0.20%	+1.08%	+10.36%
Change	-4.11	-1.80	-1.10	-	+0.20	+1.10	+10.56
Level	Major	Intermediate	Minor	-	Minor	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	95.92	96.98	97.52	98.58	99.12	100.18	100.72
Camarilla	97.61	97.76	97.90	98.05	98.20	98.34	98.49
Woodie	95.65	96.85	97.25	98.45	98.85	100.05	100.45
Fibonacci	96.98	97.60	97.97	98.58	99.20	99.57	100.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92.60	94.55	96.20	98.15	99.80	101.75	103.40
Camarilla	96.86	97.19	97.52	97.85	98.18	98.51	98.84
Woodie	92.45	94.48	96.05	98.08	99.65	101.68	103.25
Fibonacci	94.55	95.93	96.78	98.15	99.53	100.38	101.75

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84.77	89.68	93.37	98.28	101.97	106.88	110.57
Camarilla	94.69	95.47	96.26	97.05	97.84	98.63	99.42
Woodie	84.15	89.38	92.75	97.98	101.35	106.58	109.95
Fibonacci	89.68	92.97	95.00	98.28	101.57	103.60	106.88

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):	66.70
MACD (12,26,9):	0.9600
Directional Movement:	28.02
AROON (14):	7.14
DEMA (21):	101.50
Parabolic SAR (0,02-0,02-0,2):	98.71
Elder Ray (13):	0.87
Super Trend (3,10):	99.18
Zig ZAG (10):	102.00
VORTEX (21):	0.9300
Stochastique (14,3,5):	60.63
TEMA (21):	101.88
Williams %R (14):	-39.37
Chande Momentum Oscillator (20):	2.65
Repulse (5,40,3):	-0.0700
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	4.87

MA7:	98.11
MA20:	97.11
MA50:	96.05
MA100:	97.70
MAexp7:	101.42
MAexp20:	100.30
MAexp50:	98.97
MAexp100:	98.11
Price / MA7:	+3.86%
Price / MA20:	+4.93%
Price / MA50:	+6.09%
Price / MA100:	+4.30%
Price / MAexp7:	+0.47%
Price / MAexp20:	+1.60%
Price / MAexp50:	+2.96%
Price / MAexp100:	+3.86%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on ARKEMA at the time of the generation of this analysis was as follows: