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 - 1H - Technical analysis published on 05/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 81.95 EUR

My targets

78.99 EUR (-1.85%)

77.76 EUR (-3.38%)

My analysis

In the short term, we can see an acceleration in the bearish trend on SAINT GOBAIN, which is a positive signal for sellers. As long as the price remains above 81.95 EUR, a sale could be considered. The first bearish objective is located at 78.99 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 77.76 EUR as an objective. Crossing it would then enable sellers to target 74.64 EUR. If the price were to return above 81.95 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

5.5

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SAINT GOBAIN price is 80.48 EUR. The price registered a decrease of -0.37% on the session and was between 80.38 EUR and 80.90 EUR. This implies that the price is at +0.12% from its lowest and at -0.52% from its highest.

80.38

80.90

80.48

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in 1H of this SAINT GOBAIN chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	77.76	78.99	80.14	80.48	81.95	82.66
Change (%)	-3.38%	-1.85%	-0.42%	-	+1.83%	+2.71%
Change	-2.72	-1.49	-0.34	-	+1.47	+2.18
Level	Minor	Minor	Intermediate	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.21	79.91	80.35	81.05	81.49	82.19	82.63
Camarilla	80.47	80.57	80.68	80.78	80.89	80.99	81.09
Woodie	79.07	79.85	80.21	80.99	81.35	82.13	82.49
Fibonacci	79.91	80.35	80.62	81.05	81.49	81.76	82.19

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.49	79.23	80.47	81.21	82.45	83.19	84.43
Camarilla	81.16	81.34	81.52	81.70	81.88	82.06	82.25
Woodie	78.73	79.36	80.71	81.34	82.69	83.32	84.67
Fibonacci	79.23	79.99	80.46	81.21	81.97	82.44	83.19

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.61	66.99	70.83	73.21	77.05	79.43	83.27
Camarilla	72.95	73.52	74.09	74.66	75.23	75.80	76.37
Woodie	65.33	67.36	71.55	73.58	77.77	79.80	83.99
Fibonacci	66.99	69.37	70.84	73.21	75.59	77.06	79.43

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):	35.45
MACD (12,26,9):	-0.2800
Directional Movement:	-18.06
AROON (14):	-100.00
DEMA (21):	80.89
Parabolic SAR (0,02-0,02-0,2):	81.28
Elder Ray (13):	-0.48
Super Trend (3,10):	81.65
Zig ZAG (10):	80.54
VORTEX (21):	0.8300
Stochastique (14,3,5):	8.78
TEMA (21):	80.56
Williams %R (14):	-94.37
Chande Momentum Oscillator (20):	-1.20
Repulse (5,40,3):	-0.3200
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	3.04

MA7:	81.15
MA20:	80.63
MA50:	75.51
MA100:	71.17
MAexp7:	80.69
MAexp20:	81.19
MAexp50:	81.31
MAexp100:	80.90
Price / MA7:	-0.83%
Price / MA20:	-0.19%
Price / MA50:	+6.58%
Price / MA100:	+13.08%
Price / MAexp7:	-0.26%
Price / MAexp20:	-0.87%
Price / MAexp50:	-1.02%
Price / MAexp100:	-0.52%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on SAINT GOBAIN. At the time of publication of this analysis, the latest news was as follows:

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

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