SAINT GOBAIN

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SGO
ISIN:	FR0000125007

SAINT GOBAIN - Daily - Technical analysis published on 03/28/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 68.09 EUR

My targets

73.63 EUR (+2.25%)

76.06 EUR (+5.62%)

My analysis

SAINT GOBAIN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 68.09 EUR. The next resistance located at 73.63 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 76.06 EUR. After this resistance, buyers could then target 80.44 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.6

Comment on the analysis

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.

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Additional analysis

Quotes

The SAINT GOBAIN rating is 72.01 EUR. On the day, this instrument lost -0.22% and was between 71.81 EUR and 72.40 EUR. This implies that the price is at +0.28% from its lowest and at -0.54% from its highest.

71.81

72.40

72.01

Here is a more detailed summary of the historical variations registered by SAINT GOBAIN:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a 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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of SAINT GOBAIN indicates that the overall trend is strongly bullish. 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 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 : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	57.96	62.68	68.09	72.01
Change (%)	-19.51%	-12.96%	-5.44%	-
Change	-14.05	-9.33	-3.92	-
Level	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	70.43	70.89	71.53	71.99	72.63	73.09	73.73
Camarilla	71.87	71.97	72.07	72.17	72.27	72.37	72.47
Woodie	70.52	70.94	71.62	72.04	72.72	73.14	73.82
Fibonacci	70.89	71.31	71.57	71.99	72.41	72.67	73.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.31	67.50	69.19	70.38	72.07	73.26	74.95
Camarilla	70.08	70.34	70.61	70.87	71.13	71.40	71.66
Woodie	66.55	67.63	69.43	70.51	72.31	73.39	75.19
Fibonacci	67.50	68.60	69.28	70.38	71.48	72.16	73.26

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.01	62.44	66.82	69.25	73.63	76.06	80.44
Camarilla	69.33	69.95	70.58	71.20	71.82	72.45	73.07
Woodie	60.99	62.93	67.80	69.74	74.61	76.55	81.42
Fibonacci	62.44	65.04	66.65	69.25	71.85	73.46	76.06

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):	62.68
MACD (12,26,9):	0.9500
Directional Movement:	13.57
AROON (14):	78.57
DEMA (21):	71.44
Parabolic SAR (0,02-0,02-0,2):	67.22
Elder Ray (13):	1.40
Super Trend (3,10):	68.58
Zig ZAG (10):	72.09
VORTEX (21):	1.0400
Stochastique (14,3,5):	94.59
TEMA (21):	71.54
Williams %R (14):	-7.11
Chande Momentum Oscillator (20):	2.58
Repulse (5,40,3):	1.7100
ROCnROLL:	1
TRIX (15,9):	0.1600
Courbe Coppock:	6.57

MA7:	71.31
MA20:	69.80
MA50:	68.14
MA100:	64.72
MAexp7:	71.31
MAexp20:	70.21
MAexp50:	68.24
MAexp100:	65.28
Price / MA7:	+0.98%
Price / MA20:	+3.17%
Price / MA50:	+5.68%
Price / MA100:	+11.26%
Price / MAexp7:	+0.98%
Price / MAexp20:	+2.56%
Price / MAexp50:	+5.52%
Price / MAexp100:	+10.31%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on SAINT GOBAIN at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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