DECEUNINCK - 1H - Technical analysis published on 01/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2.265 EUR
My targets
2.298 EUR (+0.79%)
2.310 EUR (+1.32%)
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 2.265 EUR. The buyers' bullish objective is set at 2.298 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.310 EUR. If there is any crossing, the next objective would be the resistance located at 2.360 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
7.5
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Additional analysis
Quotes
The DECEUNINCK rating is 2.280 EUR. The price has increased by +2.24% since the last closing with the lowest point at 2.225 EUR and the highest point at 2.290 EUR. The deviation from the price is +2.47% for the low point and -0.44% for the high point.2.225
2.290
2.280
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
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 DECEUNINCK 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high 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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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 | 2.231 | 2.255 | 2.265 | 2.280 | 2.285 | 2.298 | 2.310 |
| Change (%) | -2.15% | -1.10% | -0.66% | - | +0.22% | +0.79% | +1.32% |
| Change | -0.049 | -0.025 | -0.015 | - | +0.005 | +0.018 | +0.030 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | 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 | 2.175 | 2.200 | 2.240 | 2.265 | 2.305 | 2.330 | 2.370 |
| Camarilla | 2.262 | 2.268 | 2.274 | 2.280 | 2.286 | 2.292 | 2.298 |
| Woodie | 2.183 | 2.204 | 2.248 | 2.269 | 2.313 | 2.334 | 2.378 |
| Fibonacci | 2.200 | 2.225 | 2.240 | 2.265 | 2.290 | 2.305 | 2.330 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.167 | 2.198 | 2.232 | 2.263 | 2.297 | 2.328 | 2.362 |
| Camarilla | 2.247 | 2.253 | 2.259 | 2.265 | 2.271 | 2.277 | 2.283 |
| Woodie | 2.168 | 2.199 | 2.233 | 2.264 | 2.298 | 2.329 | 2.363 |
| Fibonacci | 2.198 | 2.223 | 2.239 | 2.263 | 2.288 | 2.304 | 2.328 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.037 | 2.128 | 2.202 | 2.293 | 2.367 | 2.458 | 2.532 |
| Camarilla | 2.230 | 2.245 | 2.260 | 2.275 | 2.290 | 2.305 | 2.320 |
| Woodie | 2.028 | 2.124 | 2.193 | 2.289 | 2.358 | 2.454 | 2.523 |
| Fibonacci | 2.128 | 2.191 | 2.230 | 2.293 | 2.356 | 2.395 | 2.458 |
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): | 62.43 | |
| MACD (12,26,9): | 0.0030 | |
| Directional Movement: | 35.171 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 2.258 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.232 | |
| Elder Ray (13): | 0.021 | |
| Super Trend (3,10): | 2.243 | |
| Zig ZAG (10): | 2.280 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 76.92 | |
| TEMA (21): | 2.263 | |
| Williams %R (14): | -15.39 | |
| Chande Momentum Oscillator (20): | 0.030 | |
| Repulse (5,40,3): | 0.2240 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0140 | |
| Courbe Coppock: | 0.56 |
| MA7: | 2.262 | |
| MA20: | 2.264 | |
| MA50: | 2.282 | |
| MA100: | 2.241 | |
| MAexp7: | 2.265 | |
| MAexp20: | 2.257 | |
| MAexp50: | 2.256 | |
| MAexp100: | 2.258 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | +1.74% | |
| Price / MAexp7: | +0.66% | |
| Price / MAexp20: | +1.02% | |
| Price / MAexp50: | +1.06% | |
| Price / MAexp100: | +0.97% |
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.
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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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