DEOLEO - 1H - Technical analysis published on 06/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 0.2589 EUR
My targets
0.2497 EUR (-2.46%)
0.2420 EUR (-5.47%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DEOLEO. As long as you are under the resistance located at 0.2589 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.2497 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.2420 EUR as an objective. Crossing it would then enable sellers to target 0.2335 EUR. If the resistance 0.2589 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.5
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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 DEOLEO price is 0.2560 EUR. On the day, this instrument gained +2.61% with the lowest point at 0.2520 EUR and the highest point at 0.2560 EUR. The deviation from the price is +1.59% for the low point and 0% for the high point.0.2520
0.2560
0.2560
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DEOLEO:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on DEOLEO were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of DEOLEO indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.2335 | 0.2420 | 0.2497 | 0.2560 | 0.2589 | 0.2668 | 0.2793 |
| Change (%) | -8.79% | -5.47% | -2.46% | - | +1.13% | +4.22% | +9.10% |
| Change | -0.0225 | -0.0140 | -0.0063 | - | +0.0029 | +0.0108 | +0.0233 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 0.2370 | 0.2405 | 0.2450 | 0.2485 | 0.2530 | 0.2565 | 0.2610 |
| Camarilla | 0.2473 | 0.2480 | 0.2488 | 0.2495 | 0.2502 | 0.2510 | 0.2517 |
| Woodie | 0.2375 | 0.2408 | 0.2455 | 0.2488 | 0.2535 | 0.2568 | 0.2615 |
| Fibonacci | 0.2405 | 0.2436 | 0.2454 | 0.2485 | 0.2516 | 0.2534 | 0.2565 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1993 | 0.2247 | 0.2373 | 0.2627 | 0.2753 | 0.3007 | 0.3133 |
| Camarilla | 0.2396 | 0.2430 | 0.2465 | 0.2500 | 0.2535 | 0.2570 | 0.2605 |
| Woodie | 0.1930 | 0.2215 | 0.2310 | 0.2595 | 0.2690 | 0.2975 | 0.3070 |
| Fibonacci | 0.2247 | 0.2392 | 0.2482 | 0.2627 | 0.2772 | 0.2862 | 0.3007 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.2097 | 0.2213 | 0.2367 | 0.2483 | 0.2637 | 0.2753 | 0.2907 |
| Camarilla | 0.2446 | 0.2471 | 0.2495 | 0.2520 | 0.2545 | 0.2570 | 0.2594 |
| Woodie | 0.2115 | 0.2223 | 0.2385 | 0.2493 | 0.2655 | 0.2763 | 0.2925 |
| Fibonacci | 0.2213 | 0.2317 | 0.2380 | 0.2483 | 0.2587 | 0.2650 | 0.2753 |
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): | 44.63 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | -13.3952 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 0.2473 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.2442 | |
| Elder Ray (13): | 0.0015 | |
| Super Trend (3,10): | 0.2578 | |
| Zig ZAG (10): | 0.2540 | |
| VORTEX (21): | 0.6826 | |
| Stochastique (14,3,5): | 46.78 | |
| TEMA (21): | 0.2469 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | -0.6397 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3362 | |
| Courbe Coppock: | 5.64 |
| MA7: | 0.2626 | |
| MA20: | 0.2633 | |
| MA50: | 0.2532 | |
| MA100: | 0.2530 | |
| MAexp7: | 0.2513 | |
| MAexp20: | 0.2545 | |
| MAexp50: | 0.2629 | |
| MAexp100: | 0.2663 | |
| Price / MA7: | -2.51% | |
| Price / MA20: | -2.77% | |
| Price / MA50: | +1.11% | |
| Price / MA100: | +1.19% | |
| Price / MAexp7: | +1.87% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | -2.62% | |
| Price / MAexp100: | -3.87% |
Quotes :
-
15 min delayed data
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Spain Stocks
This 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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