ONTEX GROUP

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ONTEX
ISIN:	BE0974276082

ONTEX GROUP - Daily - Technical analysis published on 01/27/2023 (GMT)

Londinia

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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

33%

28%

39%

My opinion

Bullish above 6.820 EUR

My targets

7.290 EUR (+2.89%)

7.800 EUR (+10.09%)

My analysis

The bullish trend is currently very strong on ONTEX GROUP. As long as the price remains above the support at 6.820 EUR, you could try to benefit from the boom. The first bullish objective is located at 7.290 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.800 EUR as an objective. Crossing it would then enable buyers to target 11.335 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.3

Comment on the analysis

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.

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Additional analysis

Quotes

ONTEX GROUP rating 7.085 EUR. The price has increased by +2.53% since the last closing and was between 6.990 EUR and 7.130 EUR. This implies that the price is at +1.36% from its lowest and at -0.63% from its highest.

6.990

7.130

7.085

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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:

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

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 ONTEX GROUP indicates that the overall trend is strongly bullish. 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 is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

White morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.545	6.820	7.060	7.085	7.290	7.800	11.335
Change (%)	-7.62%	-3.74%	-0.35%	-	+2.89%	+10.09%	+59.99%
Change	-0.540	-0.265	-0.025	-	+0.205	+0.715	+4.250
Level	Intermediate	Intermediate	Intermediate	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.365	6.530	6.720	6.885	7.075	7.240	7.430
Camarilla	6.812	6.845	6.878	6.910	6.943	6.975	7.008
Woodie	6.378	6.536	6.733	6.891	7.088	7.246	7.443
Fibonacci	6.530	6.666	6.749	6.885	7.021	7.104	7.240

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.263	6.492	6.723	6.952	7.183	7.412	7.643
Camarilla	6.829	6.871	6.913	6.955	6.997	7.039	7.082
Woodie	6.265	6.493	6.725	6.953	7.185	7.413	7.645
Fibonacci	6.492	6.667	6.776	6.952	7.127	7.236	7.412

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.218	5.547	5.893	6.222	6.568	6.897	7.243
Camarilla	6.054	6.116	6.178	6.240	6.302	6.364	6.426
Woodie	5.228	5.551	5.903	6.226	6.578	6.901	7.253
Fibonacci	5.547	5.805	5.964	6.222	6.480	6.639	6.897

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):	58.34
MACD (12,26,9):	0.1510
Directional Movement:	1.284
AROON (14):	-78.571
DEMA (21):	7.105
Parabolic SAR (0,02-0,02-0,2):	7.214
Elder Ray (13):	0.077
Super Trend (3,10):	6.605
Zig ZAG (10):	7.065
VORTEX (21):	1.1480
Stochastique (14,3,5):	48.87
TEMA (21):	7.108
Williams %R (14):	-37.19
Chande Momentum Oscillator (20):	0.040
Repulse (5,40,3):	1.7750
ROCnROLL:	1
TRIX (15,9):	0.3890
Courbe Coppock:	4.15

MA7:	7.009
MA20:	6.958
MA50:	6.539
MA100:	6.154
MAexp7:	7.018
MAexp20:	6.891
MAexp50:	6.607
MAexp100:	6.421
Price / MA7:	+1.08%
Price / MA20:	+1.83%
Price / MA50:	+8.35%
Price / MA100:	+15.13%
Price / MAexp7:	+0.95%
Price / MAexp20:	+2.82%
Price / MAexp50:	+7.23%
Price / MAexp100:	+10.34%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

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

This member declared not having a position on this financial instrument or a related financial instrument.

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