EDREAMS ODIGEO - Daily - Technical analysis published on 02/09/2023 (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
78%
6%
17%
My opinion
Bullish above 5.60 EUR
My targets
6.03 EUR (+3.93%)
6.37 EUR (+9.83%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EDREAMS ODIGEO as long as the price remains well above 5.60 EUR. The buyers' bullish objective is set at 6.03 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.37 EUR. If there is any crossing, the next objective would be the resistance located at 6.78 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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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 EDREAMS ODIGEO price is 5.80 EUR. On the day, this instrument gained +4.32% and was traded between 5.62 EUR and 5.89 EUR over the period. The price is currently at +3.20% from its lowest and -1.53% from its highest.5.62
5.89
5.80
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EDREAMS ODIGEO in Daily shows a strongly overall bullish trend. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.07 | 4.63 | 5.60 | 5.80 | 6.03 | 6.37 | 6.78 |
| Change (%) | -29.84% | -20.10% | -3.45% | - | +3.93% | +9.83% | +16.90% |
| Change | -1.73 | -1.17 | -0.20 | - | +0.23 | +0.57 | +0.98 |
| Level | Major | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.43 | 5.47 | 5.51 | 5.55 | 5.59 | 5.63 | 5.67 |
| Camarilla | 5.54 | 5.55 | 5.55 | 5.56 | 5.57 | 5.58 | 5.58 |
| Woodie | 5.44 | 5.47 | 5.52 | 5.55 | 5.60 | 5.63 | 5.68 |
| Fibonacci | 5.47 | 5.50 | 5.52 | 5.55 | 5.58 | 5.60 | 5.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.64 | 4.88 | 5.15 | 5.39 | 5.66 | 5.90 | 6.17 |
| Camarilla | 5.29 | 5.34 | 5.38 | 5.43 | 5.48 | 5.52 | 5.57 |
| Woodie | 4.67 | 4.89 | 5.18 | 5.40 | 5.69 | 5.91 | 6.20 |
| Fibonacci | 4.88 | 5.07 | 5.19 | 5.39 | 5.58 | 5.70 | 5.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.58 | 3.25 | 4.28 | 4.95 | 5.98 | 6.65 | 7.68 |
| Camarilla | 4.83 | 4.99 | 5.14 | 5.30 | 5.46 | 5.61 | 5.77 |
| Woodie | 2.75 | 3.34 | 4.45 | 5.04 | 6.15 | 6.74 | 7.85 |
| Fibonacci | 3.25 | 3.90 | 4.30 | 4.95 | 5.60 | 6.00 | 6.65 |
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): | 78.42 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 28.77 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 5.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.16 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 5.11 | |
| Zig ZAG (10): | 5.86 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 84.62 | |
| TEMA (21): | 5.76 | |
| Williams %R (14): | -3.85 | |
| Chande Momentum Oscillator (20): | 0.39 | |
| Repulse (5,40,3): | 7.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0600 | |
| Courbe Coppock: | 13.59 |
| MA7: | 5.49 | |
| MA20: | 5.35 | |
| MA50: | 4.48 | |
| MA100: | 4.34 | |
| MAexp7: | 5.54 | |
| MAexp20: | 5.26 | |
| MAexp50: | 4.80 | |
| MAexp100: | 4.72 | |
| Price / MA7: | +5.65% | |
| Price / MA20: | +8.41% | |
| Price / MA50: | +29.46% | |
| Price / MA100: | +33.64% | |
| Price / MAexp7: | +4.69% | |
| Price / MAexp20: | +10.27% | |
| Price / MAexp50: | +20.83% | |
| Price / MAexp100: | +22.88% |
Quotes :
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15 min delayed data
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Spain Stocks
News
The latest news and videos published on EDREAMS ODIGEO at the time of the analysis were as follows:
- Strong Liquidity Position of c.€140m at FY20 Close and SSRCF Covenant Waiver to Give Competitive Advantage When Restrictions Lifted
- eDreams ODIGEO: First Quarter Financial Results
- eDreams ODIGEO Completes Its Revenue Model Shift
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eDreams ODIGEO /LU
-
eDreams ODIGEO /LU
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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