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 - 1H - Technical analysis published on 08/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

22%

33%

My opinion

Bullish above 8.50 EUR

My targets

8.98 EUR (+3.46%)

9.10 EUR (+4.84%)

My analysis

The bullish trend is currently very strong on ONTEX GROUP. As long as the price remains above the support at 8.50 EUR, you could try to benefit from the boom. The first bullish objective is located at 8.98 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.10 EUR as an objective. Crossing it would then enable buyers to target 9.46 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

6.8

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ONTEX GROUP rating is 8.68 EUR. The price registered an increase of +2.84% on the session and was between 8.64 EUR and 9.10 EUR. This implies that the price is at +0.46% from its lowest and at -4.62% from its highest.

8.64

9.10

8.68

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 for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ONTEX GROUP in 1H shows a strongly overall bullish trend. 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.

On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. 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

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.19	8.33	8.50	8.68	8.98	9.10	9.46
Change (%)	-5.65%	-4.03%	-2.07%	-	+3.46%	+4.84%	+8.99%
Change	-0.49	-0.35	-0.18	-	+0.30	+0.42	+0.78
Level	Minor	Intermediate	Minor	-	Minor	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.05	8.35	8.51	8.81	8.97	9.27	9.43
Camarilla	8.55	8.60	8.64	8.68	8.72	8.76	8.81
Woodie	7.99	8.32	8.45	8.78	8.91	9.24	9.37
Fibonacci	8.35	8.52	8.63	8.81	8.98	9.09	9.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.95	8.07	8.20	8.32	8.45	8.57	8.70
Camarilla	8.26	8.28	8.31	8.33	8.35	8.38	8.40
Woodie	7.96	8.07	8.21	8.32	8.46	8.57	8.71
Fibonacci	8.07	8.17	8.23	8.32	8.42	8.48	8.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.79	7.44	7.78	8.43	8.77	9.42	9.76
Camarilla	7.84	7.93	8.02	8.11	8.20	8.29	8.38
Woodie	6.63	7.36	7.62	8.35	8.61	9.34	9.60
Fibonacci	7.44	7.82	8.06	8.43	8.81	9.05	9.42

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.89
MACD (12,26,9):	0.1100
Directional Movement:	25.97
AROON (14):	42.86
DEMA (21):	8.76
Parabolic SAR (0,02-0,02-0,2):	9.09
Elder Ray (13):	-0.01
Super Trend (3,10):	8.62
Zig ZAG (10):	8.68
VORTEX (21):	0.9800
Stochastique (14,3,5):	42.91
TEMA (21):	8.81
Williams %R (14):	-60.00
Chande Momentum Oscillator (20):	0.25
Repulse (5,40,3):	-1.1600
ROCnROLL:	-1
TRIX (15,9):	0.1800
Courbe Coppock:	8.52

MA7:	8.40
MA20:	8.32
MA50:	8.49
MA100:	8.52
MAexp7:	8.72
MAexp20:	8.62
MAexp50:	8.49
MAexp100:	8.40
Price / MA7:	+3.33%
Price / MA20:	+4.33%
Price / MA50:	+2.24%
Price / MA100:	+1.88%
Price / MAexp7:	-0.46%
Price / MAexp20:	+0.70%
Price / MAexp50:	+2.24%
Price / MAexp100:	+3.33%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

Don't forget to follow the news on ONTEX GROUP. At the time of publication of this analysis, the latest news was as follows:

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

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