DECEUNINCK - 1H - Technical analysis published on 10/11/2023 (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
83%
6%
11%
My opinion
Bullish above 2.190 EUR
My targets
2.250 EUR (+0.67%)
2.298 EUR (+2.82%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DECEUNINCK as long as the price remains well above 2.190 EUR. The buyers' bullish objective is set at 2.250 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.298 EUR. If there is any crossing, the next objective would be the resistance located at 2.420 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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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 DECEUNINCK rating is 2.235 EUR. On the day, this instrument gained +3.23% with the lowest point at 2.170 EUR and the highest point at 2.235 EUR. The deviation from the price is +3.00% for the low point and 0% for the high point.2.170
2.235
2.235
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DECEUNINCK:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DECEUNINCK chart shows a strongly bullish trend. 92.86% 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.160 | 2.190 | 2.230 | 2.235 | 2.250 | 2.298 | 2.420 |
| Change (%) | -3.36% | -2.01% | -0.22% | - | +0.67% | +2.82% | +8.28% |
| Change | -0.075 | -0.045 | -0.005 | - | +0.015 | +0.063 | +0.185 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Intermediate |
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 | 2.072 | 2.098 | 2.132 | 2.158 | 2.192 | 2.218 | 2.252 |
| Camarilla | 2.149 | 2.154 | 2.160 | 2.165 | 2.171 | 2.176 | 2.182 |
| Woodie | 2.075 | 2.100 | 2.135 | 2.160 | 2.195 | 2.220 | 2.255 |
| Fibonacci | 2.098 | 2.121 | 2.135 | 2.158 | 2.181 | 2.195 | 2.218 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.978 | 2.027 | 2.123 | 2.172 | 2.268 | 2.317 | 2.413 |
| Camarilla | 2.180 | 2.193 | 2.207 | 2.220 | 2.233 | 2.247 | 2.260 |
| Woodie | 2.003 | 2.039 | 2.148 | 2.184 | 2.293 | 2.329 | 2.438 |
| Fibonacci | 2.027 | 2.082 | 2.116 | 2.172 | 2.227 | 2.261 | 2.317 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.813 | 1.937 | 2.053 | 2.177 | 2.293 | 2.417 | 2.533 |
| Camarilla | 2.104 | 2.126 | 2.148 | 2.170 | 2.192 | 2.214 | 2.236 |
| Woodie | 1.810 | 1.935 | 2.050 | 2.175 | 2.290 | 2.415 | 2.530 |
| Fibonacci | 1.937 | 2.028 | 2.085 | 2.177 | 2.268 | 2.325 | 2.417 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.27 | |
| MACD (12,26,9): | 0.0110 | |
| Directional Movement: | 20.403 | |
| AROON (14): | 100.000 | |
| DEMA (21): | 2.195 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.125 | |
| Elder Ray (13): | 0.040 | |
| Super Trend (3,10): | 2.170 | |
| Zig ZAG (10): | 2.235 | |
| VORTEX (21): | 0.8190 | |
| Stochastique (14,3,5): | 100.00 | |
| TEMA (21): | 2.198 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.055 | |
| Repulse (5,40,3): | 1.5510 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0280 | |
| Courbe Coppock: | 2.45 |
| MA7: | 2.157 | |
| MA20: | 2.154 | |
| MA50: | 2.251 | |
| MA100: | 2.300 | |
| MAexp7: | 2.200 | |
| MAexp20: | 2.183 | |
| MAexp50: | 2.167 | |
| MAexp100: | 2.159 | |
| Price / MA7: | +3.62% | |
| Price / MA20: | +3.76% | |
| Price / MA50: | -0.71% | |
| Price / MA100: | -2.83% | |
| Price / MAexp7: | +1.59% | |
| Price / MAexp20: | +2.38% | |
| Price / MAexp50: | +3.14% | |
| Price / MAexp100: | +3.52% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on DECEUNINCK. At the time of publication of this analysis, the latest news was as follows:
DeceuninckThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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