MAROC TELECOM - Daily - Technical analysis published on 09/25/2019 (GMT)
- 327
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Bearish under 13.30 EUR
My targets
12.90 EUR (-2.64%)
12.66 EUR (-4.45%)
My analysis
The strong short-term decline in MAROC TELECOM calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 13.30 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 12.90 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12.66 EUR as an objective. Crossing it would then enable sellers to target 12.25 EUR. Be careful, a return to above 13.30 EUR could jeopardize the reversal.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
1.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay.
Additional analysis
Quotes
The MAROC TELECOM price is 13.25 EUR. On the day, this instrument gained +1.15% and was traded between 13.05 EUR and 13.25 EUR over the period. The price is currently at +1.53% from its lowest and 0% from its highest.13.05
13.25
13.25
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MAROC TELECOM chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 12.25 | 12.66 | 12.90 | 13.25 | 13.30 | 13.50 | 13.70 |
| Change (%) | -7.55% | -4.45% | -2.64% | - | +0.38% | +1.89% | +3.40% |
| Change | -1.00 | -0.59 | -0.35 | - | +0.05 | +0.25 | +0.45 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | 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 | 12.57 | 12.73 | 12.92 | 13.08 | 13.27 | 13.43 | 13.62 |
| Camarilla | 13.00 | 13.04 | 13.07 | 13.10 | 13.13 | 13.16 | 13.20 |
| Woodie | 12.58 | 12.74 | 12.93 | 13.09 | 13.28 | 13.44 | 13.63 |
| Fibonacci | 12.73 | 12.87 | 12.95 | 13.08 | 13.22 | 13.30 | 13.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.92 | 13.08 | 13.22 | 13.38 | 13.52 | 13.68 | 13.82 |
| Camarilla | 13.27 | 13.30 | 13.32 | 13.35 | 13.38 | 13.41 | 13.43 |
| Woodie | 12.90 | 13.08 | 13.20 | 13.38 | 13.50 | 13.68 | 13.80 |
| Fibonacci | 13.08 | 13.20 | 13.27 | 13.38 | 13.50 | 13.57 | 13.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.70 | 12.95 | 13.30 | 13.55 | 13.90 | 14.15 | 14.50 |
| Camarilla | 13.49 | 13.54 | 13.60 | 13.65 | 13.71 | 13.76 | 13.82 |
| Woodie | 12.75 | 12.98 | 13.35 | 13.58 | 13.95 | 14.18 | 14.55 |
| Fibonacci | 12.95 | 13.18 | 13.32 | 13.55 | 13.78 | 13.92 | 14.15 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.25 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -3.51 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 13.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.68 | |
| Elder Ray (13): | -0.20 | |
| Super Trend (3,10): | 13.74 | |
| Zig ZAG (10): | 13.25 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 26.43 | |
| TEMA (21): | 13.23 | |
| Williams %R (14): | -61.11 | |
| Chande Momentum Oscillator (20): | -0.35 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 4.35 |
| MA7: | 13.29 | |
| MA20: | 13.45 | |
| MA50: | 13.44 | |
| MA100: | 13.14 | |
| MAexp7: | 13.29 | |
| MAexp20: | 13.39 | |
| MAexp50: | 13.36 | |
| MAexp100: | 13.21 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -1.49% | |
| Price / MA50: | -1.41% | |
| Price / MA100: | +0.84% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -1.05% | |
| Price / MAexp50: | -0.82% | |
| Price / MAexp100: | +0.30% |
News
The last news published on MAROC TELECOM at the time of the generation of this analysis was as follows:
- Maroc Telecom_Information mensuelle relative au nombre total de droits de vote et d'actions composant le capital social_Août 2019
- Maroc Telecom_Information mensuelle relative au nombre de droits de vote et d'actions composant le capital social
- Maroc Telecom_Financial Report H12019
- Maroc Telecom_Finalisation de l’acquisition de Tigo Tchad
- Information mensuelle relative au nombre de droits de vote_Mai 2019
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis MAROC TELECOM - Daily