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 09/17/2024 (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

72%

22%

My opinion

Bullish above 78.03 EUR

My targets

82.11 EUR (+1.75%)

85.15 EUR (+5.51%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SAINT GOBAIN as long as the price remains well above 78.03 EUR. The buyers' bullish objective is set at 82.11 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 85.15 EUR. If there is any crossing, the next objective would be the resistance located at 91.07 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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 rating is 80.70 EUR. The price has increased by +2.59% since the last closing and was between 79.20 EUR and 80.82 EUR. This implies that the price is at +1.89% from its lowest and at -0.15% from its highest.

79.20

80.82

80.70

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

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

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	71.93	78.03	79.60	80.70
Change (%)	-10.87%	-3.31%	-1.36%	-
Change	-8.77	-2.67	-1.10	-
Level	Major	Intermediate	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.55	77.91	78.29	78.65	79.03	79.39	79.77
Camarilla	78.46	78.52	78.59	78.66	78.73	78.80	78.86
Woodie	77.55	77.92	78.29	78.66	79.03	79.40	79.77
Fibonacci	77.91	78.20	78.37	78.65	78.94	79.11	79.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.49	73.87	76.35	77.73	80.21	81.59	84.07
Camarilla	77.76	78.11	78.47	78.82	79.17	79.53	79.88
Woodie	73.03	74.15	76.89	78.01	80.75	81.87	84.61
Fibonacci	73.87	75.35	76.26	77.73	79.21	80.12	81.59

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.19	67.23	73.15	76.19	82.11	85.15	91.07
Camarilla	76.62	77.44	78.26	79.08	79.90	80.72	81.54
Woodie	65.64	67.95	74.60	76.91	83.56	85.87	92.52
Fibonacci	67.23	70.65	72.76	76.19	79.61	81.72	85.15

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):	63.38
MACD (12,26,9):	0.6700
Directional Movement:	13.49
AROON (14):	50.00
DEMA (21):	78.45
Parabolic SAR (0,02-0,02-0,2):	74.86
Elder Ray (13):	1.96
Super Trend (3,10):	81.08
Zig ZAG (10):	80.66
VORTEX (21):	1.0500
Stochastique (14,3,5):	83.16
TEMA (21):	78.90
Williams %R (14):	-2.68
Chande Momentum Oscillator (20):	1.58
Repulse (5,40,3):	2.6500
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	1.39

MA7:	78.18
MA20:	77.77
MA50:	76.96
MA100:	76.85
MAexp7:	78.60
MAexp20:	77.67
MAexp50:	76.89
MAexp100:	75.30
Price / MA7:	+3.22%
Price / MA20:	+3.77%
Price / MA50:	+4.86%
Price / MA100:	+5.01%
Price / MAexp7:	+2.67%
Price / MAexp20:	+3.90%
Price / MAexp50:	+4.96%
Price / MAexp100:	+7.17%

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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