RETAIL ESTATES - 1H - Technical analysis published on 10/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 56.3 EUR
My targets
57.1 EUR (+0.74%)
57.7 EUR (+1.76%)
My analysis
The bullish trend is currently very strong on RETAIL ESTATES. As long as the price remains above the support at 56.3 EUR, you could try to benefit from the boom. The first bullish objective is located at 57.1 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 57.7 EUR as an objective. Crossing it would then enable buyers to target 58.5 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
The RETAIL ESTATES rating is 56.7 EUR. The price registered an increase of +4.23% on the session and was traded between 54.6 EUR and 57.0 EUR over the period. The price is currently at +3.85% from its lowest and -0.53% from its highest.54.6
57.0
56.7
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RETAIL ESTATES indicates that the overall trend is strongly bullish. 82.14% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 54.6 | 55.4 | 56.3 | 56.7 | 57.1 | 57.7 | 58.5 |
| Change (%) | -3.69% | -2.29% | -0.71% | - | +0.74% | +1.76% | +3.10% |
| Change | -2.1 | -1.3 | -0.4 | - | +0.4 | +1.0 | +1.8 |
| Level | Major | Intermediate | Major | - | Major | Minor | Intermediate |
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 | 52.8 | 53.7 | 55.2 | 56.1 | 57.6 | 58.5 | 60.0 |
| Camarilla | 56.0 | 56.3 | 56.5 | 56.7 | 56.9 | 57.1 | 57.4 |
| Woodie | 53.1 | 53.9 | 55.5 | 56.3 | 57.9 | 58.7 | 60.3 |
| Fibonacci | 53.7 | 54.6 | 55.2 | 56.1 | 57.0 | 57.6 | 58.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.7 | 52.4 | 53.7 | 55.4 | 56.7 | 58.4 | 59.7 |
| Camarilla | 54.2 | 54.5 | 54.7 | 55.0 | 55.3 | 55.6 | 55.8 |
| Woodie | 50.5 | 52.3 | 53.5 | 55.3 | 56.5 | 58.3 | 59.5 |
| Fibonacci | 52.4 | 53.6 | 54.3 | 55.4 | 56.6 | 57.3 | 58.4 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.3 | 52.7 | 54.8 | 57.2 | 59.3 | 61.7 | 63.8 |
| Camarilla | 55.6 | 56.0 | 56.4 | 56.8 | 57.2 | 57.6 | 58.0 |
| Woodie | 50.1 | 52.6 | 54.6 | 57.1 | 59.1 | 61.6 | 63.6 |
| Fibonacci | 52.7 | 54.5 | 55.5 | 57.2 | 59.0 | 60.0 | 61.7 |
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): | 72.00 | |
| MACD (12,26,9): | 0.6000 | |
| Directional Movement: | 28.1 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 56.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.2 | |
| Elder Ray (13): | 1.0 | |
| Super Trend (3,10): | 55.7 | |
| Zig ZAG (10): | 56.7 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 93.30 | |
| TEMA (21): | 56.7 | |
| Williams %R (14): | -10.00 | |
| Chande Momentum Oscillator (20): | 2.6 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 8.30 |
| MA7: | 54.9 | |
| MA20: | 55.9 | |
| MA50: | 56.8 | |
| MA100: | 59.1 | |
| MAexp7: | 56.3 | |
| MAexp20: | 55.5 | |
| MAexp50: | 55.1 | |
| MAexp100: | 55.3 | |
| Price / MA7: | +3.28% | |
| Price / MA20: | +1.43% | |
| Price / MA50: | -0.18% | |
| Price / MA100: | -4.06% | |
| Price / MAexp7: | +0.71% | |
| Price / MAexp20: | +2.16% | |
| Price / MAexp50: | +2.90% | |
| Price / MAexp100: | +2.53% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on RETAIL ESTATES at the time of the generation of this analysis was as follows:
Retail EstatesThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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