ONTEX GROUP - 1H - Technical analysis published on 08/01/2024 (GMT)
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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
0
10
6.8
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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 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:
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
S3
S2
S1
R1
R2
R3
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:
- Strong H1 results leading to upward revision of full year outlook, with volume growth and cost transformation driving profitability up and leverage down further
- Ontex announces details for its Q2 and H1 2024 results publication
- Ontex launches Stop&Lock Anti-Leak technology for enhanced baby comfort and protection
- Strong Q1 2024 results with continued revenue growth and margin improvement
- Ontex announces details for its Q1 2024 results publication
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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