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 02/09/2024 (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

56%

28%

17%

My opinion

Bullish above 7.321 EUR

My targets

7.655 EUR (+1.80%)

7.808 EUR (+3.83%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ONTEX GROUP as long as the price remains well above 7.321 EUR. The buyers' bullish objective is set at 7.655 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.808 EUR. If there is any crossing, the next objective would be the resistance located at 8.116 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 are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.6

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

The ONTEX GROUP rating is 7.520 EUR. The price has increased by +6.67% since the last closing and was traded between 7.285 EUR and 7.750 EUR over the period. The price is currently at +3.23% from its lowest and -2.97% from its highest.

7.285

7.750

7.520

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

A study of price movements over other periods shows the following variations:

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ONTEX GROUP chart shows a strongly bullish trend. 89.29% 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 detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 3 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

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:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.723	7.055	7.321	7.520	7.530	7.655	7.808
Change (%)	-10.60%	-6.18%	-2.65%	-	+0.13%	+1.80%	+3.83%
Change	-0.797	-0.465	-0.199	-	+0.010	+0.135	+0.288
Level	Intermediate	Major	Intermediate	-	Minor	Major	Major

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	6.822	7.053	7.287	7.518	7.752	7.983	8.217
Camarilla	7.392	7.435	7.477	7.520	7.563	7.605	7.648
Woodie	6.823	7.054	7.288	7.519	7.753	7.984	8.218
Fibonacci	7.053	7.231	7.341	7.518	7.696	7.806	7.983

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.975	7.100	7.175	7.300	7.375	7.500	7.575
Camarilla	7.195	7.213	7.232	7.250	7.268	7.287	7.305
Woodie	6.950	7.088	7.150	7.288	7.350	7.488	7.550
Fibonacci	7.100	7.176	7.224	7.300	7.376	7.424	7.500

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.378	6.712	7.013	7.347	7.648	7.982	8.283
Camarilla	7.140	7.199	7.257	7.315	7.373	7.431	7.490
Woodie	6.363	6.704	6.998	7.339	7.633	7.974	8.268
Fibonacci	6.712	6.954	7.104	7.347	7.589	7.739	7.982

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):	60.51
MACD (12,26,9):	-0.0020
Directional Movement:	19.176
AROON (14):	100.000
DEMA (21):	7.283
Parabolic SAR (0,02-0,02-0,2):	7.050
Elder Ray (13):	0.234
Super Trend (3,10):	6.960
Zig ZAG (10):	7.520
VORTEX (21):	0.8980
Stochastique (14,3,5):	39.05
TEMA (21):	7.259
Williams %R (14):	-32.86
Chande Momentum Oscillator (20):	0.365
Repulse (5,40,3):	-1.5160
ROCnROLL:	1
TRIX (15,9):	-0.0280
Courbe Coppock:	1.64

MA7:	7.281
MA20:	7.269
MA50:	7.300
MA100:	7.078
MAexp7:	7.291
MAexp20:	7.287
MAexp50:	7.254
MAexp100:	7.211
Price / MA7:	+3.28%
Price / MA20:	+3.45%
Price / MA50:	+3.01%
Price / MA100:	+6.24%
Price / MAexp7:	+3.14%
Price / MAexp20:	+3.20%
Price / MAexp50:	+3.67%
Price / MAexp100:	+4.29%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on ONTEX GROUP at the time of the analysis were as follows:

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

About author

Londinia AI

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