ONTEX GROUP - Daily - Technical analysis published on 10/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
6%
56%
39%
My opinion
Bearish under 14.92 EUR
My targets
14.16 EUR (-2.75%)
12.98 EUR (-10.85%)
My analysis
In the short term, we can see an acceleration in the bearish trend on ONTEX GROUP, which is a positive signal for sellers. As long as the price remains above 14.92 EUR, a sale could be considered. The first bearish objective is located at 14.16 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12.98 EUR as an objective. If the price were to return above 14.92 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
4.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ONTEX GROUP rating 14.56 EUR. The price registered a decrease of -3.26% on the session with the lowest point at 14.43 EUR and the highest point at 15.15 EUR. The deviation from the price is +0.90% for the low point and -3.89% for the high point.14.43
15.15
14.56
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ONTEX GROUP indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 12.98 | 14.16 | 14.56 | 14.92 | 16.21 | 17.04 |
| Change (%) | -10.85% | -2.75% | - | +2.47% | +11.33% | +17.03% |
| Change | -1.58 | -0.40 | - | +0.36 | +1.65 | +2.48 |
| Level | Major | Minor | - | Major | Minor | Minor |
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 | 13.83 | 14.42 | 14.74 | 15.33 | 15.65 | 16.24 | 16.56 |
| Camarilla | 14.80 | 14.88 | 14.97 | 15.05 | 15.13 | 15.22 | 15.30 |
| Woodie | 13.69 | 14.35 | 14.60 | 15.26 | 15.51 | 16.17 | 16.42 |
| Fibonacci | 14.42 | 14.77 | 14.99 | 15.33 | 15.68 | 15.90 | 16.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.71 | 14.96 | 15.46 | 15.71 | 16.21 | 16.46 | 16.96 |
| Camarilla | 15.74 | 15.81 | 15.88 | 15.95 | 16.02 | 16.09 | 16.16 |
| Woodie | 14.83 | 15.02 | 15.58 | 15.77 | 16.33 | 16.52 | 17.08 |
| Fibonacci | 14.96 | 15.25 | 15.43 | 15.71 | 16.00 | 16.18 | 16.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.35 | 13.98 | 15.25 | 15.88 | 17.15 | 17.78 | 19.05 |
| Camarilla | 15.99 | 16.16 | 16.34 | 16.51 | 16.68 | 16.86 | 17.03 |
| Woodie | 13.66 | 14.14 | 15.56 | 16.04 | 17.46 | 17.94 | 19.36 |
| Fibonacci | 13.98 | 14.71 | 15.16 | 15.88 | 16.61 | 17.06 | 17.78 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.06 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | -2.89 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 15.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.50 | |
| Elder Ray (13): | -0.66 | |
| Super Trend (3,10): | 16.47 | |
| Zig ZAG (10): | 14.57 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 23.52 | |
| TEMA (21): | 15.64 | |
| Williams %R (14): | -92.82 | |
| Chande Momentum Oscillator (20): | -0.69 | |
| Repulse (5,40,3): | -7.7500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3500 | |
| Courbe Coppock: | 4.32 |
| MA7: | 15.62 | |
| MA20: | 15.45 | |
| MA50: | 14.64 | |
| MA100: | 14.27 | |
| MAexp7: | 15.42 | |
| MAexp20: | 15.36 | |
| MAexp50: | 14.94 | |
| MAexp100: | 15.06 | |
| Price / MA7: | -6.79% | |
| Price / MA20: | -5.76% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | +2.03% | |
| Price / MAexp7: | -5.58% | |
| Price / MAexp20: | -5.21% | |
| Price / MAexp50: | -2.54% | |
| Price / MAexp100: | -3.32% |
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:
- Ontex: Transparency Declaration Notification
- Suzano Eucafluff joins Ontex's 40 year event
-
Ontex Group
-
Ontex Group
This member declared not having a position on this financial instrument or a related financial instrument.
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