RETAIL ESTATES - 1H - Technical analysis published on 10/27/2023 (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
67%
6%
28%
My opinion
Bullish above 56.1 EUR
My targets
57.9 EUR (+2.12%)
58.5 EUR (+3.10%)
My analysis
RETAIL ESTATES is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 56.1 EUR. The next resistance located at 57.9 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 58.5 EUR. After this resistance, buyers could then target 59.5 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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Additional analysis
Quotes
The RETAIL ESTATES price is 56.7 EUR. The price registered an increase of +1.25% on the session and was between 55.1 EUR and 56.7 EUR. This implies that the price is at +2.90% from its lowest and at 0% from its highest.55.1
56.7
56.7
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RETAIL ESTATES:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 RETAIL ESTATES 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 55.7 | 56.1 | 56.7 | 56.7 | 57.9 | 58.5 | 59.5 |
| Change (%) | -1.76% | -1.06% | 0% | - | +2.12% | +3.10% | +4.97% |
| Change | -1.0 | -0.6 | 0 | - | +1.2 | +1.8 | +2.8 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Minor |
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 | 54.0 | 54.6 | 55.6 | 56.2 | 57.2 | 57.8 | 58.8 |
| Camarilla | 56.3 | 56.4 | 56.6 | 56.7 | 56.9 | 57.0 | 57.1 |
| Woodie | 54.3 | 54.7 | 55.9 | 56.3 | 57.5 | 57.9 | 59.1 |
| Fibonacci | 54.6 | 55.2 | 55.6 | 56.2 | 56.8 | 57.2 | 57.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.0 | 53.4 | 54.3 | 54.7 | 55.6 | 56.0 | 56.9 |
| Camarilla | 54.7 | 54.9 | 55.0 | 55.1 | 55.2 | 55.3 | 55.5 |
| Woodie | 53.2 | 53.5 | 54.5 | 54.8 | 55.8 | 56.1 | 57.1 |
| Fibonacci | 53.4 | 53.9 | 54.2 | 54.7 | 55.2 | 55.5 | 56.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.5 | 51.7 | 54.2 | 56.4 | 58.9 | 61.1 | 63.6 |
| Camarilla | 55.4 | 55.8 | 56.3 | 56.7 | 57.1 | 57.6 | 58.0 |
| Woodie | 49.7 | 51.8 | 54.4 | 56.5 | 59.1 | 61.2 | 63.8 |
| Fibonacci | 51.7 | 53.5 | 54.6 | 56.4 | 58.2 | 59.3 | 61.1 |
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): | 65.20 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 3.0 | |
| AROON (14): | 42.8 | |
| DEMA (21): | 56.5 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.5 | |
| Elder Ray (13): | 0.4 | |
| Super Trend (3,10): | 55.5 | |
| Zig ZAG (10): | 56.7 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 95.80 | |
| TEMA (21): | 56.6 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1.1 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.40 |
| MA7: | 55.5 | |
| MA20: | 55.2 | |
| MA50: | 55.8 | |
| MA100: | 57.7 | |
| MAexp7: | 56.4 | |
| MAexp20: | 56.1 | |
| MAexp50: | 55.6 | |
| MAexp100: | 55.3 | |
| Price / MA7: | +2.16% | |
| Price / MA20: | +2.72% | |
| Price / MA50: | +1.61% | |
| Price / MA100: | -1.73% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +1.07% | |
| Price / MAexp50: | +1.98% | |
| 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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