RICHEMONT N - Daily - Technical analysis published on 02/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 139.8670 CHF
My targets
148.6500 CHF (+3.27%)
156.9000 CHF (+9.00%)
My analysis
The bullish trend is currently very strong on RICHEMONT N. As long as the price remains above the support at 139.8670 CHF, you could try to benefit from the boom. The first bullish objective is located at 148.6500 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 156.9000 CHF as an objective. Crossing it would then enable buyers to target 170.2500 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 RICHEMONT N price is 143.9500 CHF. On the day, this instrument lost -0.17% and was between 143.7000 CHF and 145.3500 CHF. This implies that the price is at +0.17% from its lowest and at -0.96% from its highest.143.7000
145.3500
143.9500
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of RICHEMONT N indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 116.0500 | 125.3500 | 139.8670 | 143.9500 | 144.7500 |
| Change (%) | -19.38% | -12.92% | -2.84% | - | +0.56% |
| Change | -27.9000 | -18.6000 | -4.0830 | - | +0.8000 |
| Level | Major | Minor | Major | - | Major |
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 | 138.9333 | 140.0667 | 142.1333 | 143.2667 | 145.3333 | 146.4667 | 148.5333 |
| Camarilla | 143.3200 | 143.6133 | 143.9067 | 144.2000 | 144.4933 | 144.7867 | 145.0800 |
| Woodie | 139.4000 | 140.3000 | 142.6000 | 143.5000 | 145.8000 | 146.7000 | 149.0000 |
| Fibonacci | 140.0667 | 141.2891 | 142.0443 | 143.2667 | 144.4891 | 145.2443 | 146.4667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 131.9333 | 135.6667 | 139.8333 | 143.5667 | 147.7333 | 151.4667 | 155.6333 |
| Camarilla | 141.8275 | 142.5517 | 143.2758 | 144.0000 | 144.7242 | 145.4483 | 146.1725 |
| Woodie | 132.1500 | 135.7750 | 140.0500 | 143.6750 | 147.9500 | 151.5750 | 155.8500 |
| Fibonacci | 135.6667 | 138.6845 | 140.5489 | 143.5667 | 146.5845 | 148.4489 | 151.4667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.4500 | 113.7000 | 127.0500 | 135.3000 | 148.6500 | 156.9000 | 170.2500 |
| Camarilla | 134.4600 | 136.4400 | 138.4200 | 140.4000 | 142.3800 | 144.3600 | 146.3400 |
| Woodie | 108.0000 | 114.9750 | 129.6000 | 136.5750 | 151.2000 | 158.1750 | 172.8000 |
| Fibonacci | 113.7000 | 121.9512 | 127.0488 | 135.3000 | 143.5512 | 148.6488 | 156.9000 |
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): | 60.71 | |
| MACD (12,26,9): | 2.5709 | |
| Directional Movement: | 16.1677 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 145.8049 | |
| Parabolic SAR (0,02-0,02-0,2): | 140.6000 | |
| Elder Ray (13): | 1.2669 | |
| Super Trend (3,10): | 136.3364 | |
| Zig ZAG (10): | 144.4500 | |
| VORTEX (21): | 1.0108 | |
| Stochastique (14,3,5): | 63.47 | |
| TEMA (21): | 144.8311 | |
| Williams %R (14): | -35.59 | |
| Chande Momentum Oscillator (20): | 4.6500 | |
| Repulse (5,40,3): | 1.9720 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3026 | |
| Courbe Coppock: | 3.92 |
| MA7: | 144.5571 | |
| MA20: | 142.5975 | |
| MA50: | 134.7000 | |
| MA100: | 121.8735 | |
| MAexp7: | 144.0088 | |
| MAexp20: | 142.0630 | |
| MAexp50: | 135.4082 | |
| MAexp100: | 127.0180 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | +0.95% | |
| Price / MA50: | +6.87% | |
| Price / MA100: | +18.11% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +1.33% | |
| Price / MAexp50: | +6.31% | |
| Price / MAexp100: | +13.33% |
Quotes :
-
15 min delayed data
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Switzerland SWX Stocks
News
Don't forget to follow the news on RICHEMONT N. At the time of publication of this analysis, the latest news was as follows:
- RICHEMONT APPOINTS DR BERANGERE RUCHAT TO SENIOR EXECUTIVE COMMITTEE
- NOMINATION OF BRAM SCHOT TO THE BOARD OF DIRECTORS
- richemont REPORTS SALES INCREASE of 8% FOR THE THIRD QUARTER AND 18% for THE NINE MONTHS ENDED 31 DECEMBER 2022
- RICHEMONT’S 2022 INTERIM REPORT NOW AVAILABLE ONLINE
- RICHEMONT ANNOUNCES STRONG PERFORMANCE FOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2022
This 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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