RECTICEL - 1H - Technical analysis published on 01/29/2024 (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%
0%
11%
My opinion
Bullish above 10.77 EUR
My targets
11.46 EUR (+3.24%)
12.05 EUR (+8.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RECTICEL as long as the price remains well above 10.77 EUR. The buyers' bullish objective is set at 11.46 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.05 EUR. If there is any crossing, the next objective would be the resistance located at 15.09 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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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 RECTICEL rating is 11.10 EUR. The price registered an increase of +3.16% on the session and was between 10.70 EUR and 11.14 EUR. This implies that the price is at +3.74% from its lowest and at -0.36% from its highest.10.70
11.14
11.10
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this RECTICEL chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently 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
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
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 | 10.40 | 10.70 | 10.77 | 11.10 | 12.05 | 15.09 | 15.83 |
| Change (%) | -6.31% | -3.60% | -2.97% | - | +8.56% | +35.95% | +42.61% |
| Change | -0.70 | -0.40 | -0.33 | - | +0.95 | +3.99 | +4.73 |
| Level | Minor | Major | Major | - | Major | Intermediate | 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 | 10.47 | 10.53 | 10.65 | 10.71 | 10.83 | 10.89 | 11.01 |
| Camarilla | 10.71 | 10.73 | 10.74 | 10.76 | 10.78 | 10.79 | 10.81 |
| Woodie | 10.49 | 10.55 | 10.67 | 10.73 | 10.85 | 10.91 | 11.03 |
| Fibonacci | 10.53 | 10.60 | 10.65 | 10.71 | 10.78 | 10.83 | 10.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.90 | 10.08 | 10.42 | 10.60 | 10.94 | 11.12 | 11.46 |
| Camarilla | 10.62 | 10.67 | 10.71 | 10.76 | 10.81 | 10.86 | 10.90 |
| Woodie | 9.98 | 10.12 | 10.50 | 10.64 | 11.02 | 11.16 | 11.54 |
| Fibonacci | 10.08 | 10.28 | 10.40 | 10.60 | 10.80 | 10.92 | 11.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.74 | 9.20 | 9.90 | 10.36 | 11.06 | 11.52 | 12.22 |
| Camarilla | 10.28 | 10.39 | 10.49 | 10.60 | 10.71 | 10.81 | 10.92 |
| Woodie | 8.86 | 9.26 | 10.02 | 10.42 | 11.18 | 11.58 | 12.34 |
| Fibonacci | 9.20 | 9.64 | 9.92 | 10.36 | 10.80 | 11.08 | 11.52 |
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): | 78.78 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 45.16 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 10.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.80 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 10.82 | |
| Zig ZAG (10): | 11.10 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 85.19 | |
| TEMA (21): | 11.03 | |
| Williams %R (14): | -7.41 | |
| Chande Momentum Oscillator (20): | 0.40 | |
| Repulse (5,40,3): | 1.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 5.47 |
| MA7: | 10.61 | |
| MA20: | 10.51 | |
| MA50: | 10.23 | |
| MA100: | 9.77 | |
| MAexp7: | 10.98 | |
| MAexp20: | 10.82 | |
| MAexp50: | 10.66 | |
| MAexp100: | 10.56 | |
| Price / MA7: | +4.62% | |
| Price / MA20: | +5.61% | |
| Price / MA50: | +8.50% | |
| Price / MA100: | +13.61% | |
| Price / MAexp7: | +1.09% | |
| Price / MAexp20: | +2.59% | |
| Price / MAexp50: | +4.13% | |
| Price / MAexp100: | +5.11% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
RecticelThis 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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