DERICHEBOURG - Daily - Technical analysis published on 08/25/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 5.177 EUR
My targets
4.593 EUR (-6.15%)
4.280 EUR (-12.55%)
My analysis
DERICHEBOURG is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.177 EUR. The next support located at 4.593 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.280 EUR. Below this support, sellers could then target 3.825 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
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
DERICHEBOURG rating 4.894 EUR. The price is lower by -0.12% since the last closing and was between 4.874 EUR and 4.928 EUR. This implies that the price is at +0.41% from its lowest and at -0.69% from its highest.4.874
4.928
4.894
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DERICHEBOURG indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.825 | 4.593 | 4.860 | 4.894 | 5.177 | 5.481 | 6.190 |
| Change (%) | -21.84% | -6.15% | -0.69% | - | +5.78% | +11.99% | +26.48% |
| Change | -1.069 | -0.301 | -0.034 | - | +0.283 | +0.587 | +1.296 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.640 | 4.760 | 4.830 | 4.950 | 5.020 | 5.140 | 5.210 |
| Camarilla | 4.848 | 4.865 | 4.883 | 4.900 | 4.917 | 4.935 | 4.952 |
| Woodie | 4.615 | 4.748 | 4.805 | 4.938 | 4.995 | 5.128 | 5.185 |
| Fibonacci | 4.760 | 4.833 | 4.877 | 4.950 | 5.023 | 5.067 | 5.140 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.593 | 4.857 | 5.023 | 5.287 | 5.453 | 5.717 | 5.883 |
| Camarilla | 5.072 | 5.111 | 5.151 | 5.190 | 5.229 | 5.269 | 5.308 |
| Woodie | 4.545 | 4.833 | 4.975 | 5.263 | 5.405 | 5.693 | 5.835 |
| Fibonacci | 4.857 | 5.021 | 5.122 | 5.287 | 5.451 | 5.552 | 5.717 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.280 | 4.591 | 5.098 | 5.409 | 5.916 | 6.227 | 6.734 |
| Camarilla | 5.380 | 5.455 | 5.530 | 5.605 | 5.680 | 5.755 | 5.830 |
| Woodie | 4.378 | 4.640 | 5.196 | 5.458 | 6.014 | 6.276 | 6.832 |
| Fibonacci | 4.591 | 4.904 | 5.097 | 5.409 | 5.722 | 5.915 | 6.227 |
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): | 31.22 | |
| MACD (12,26,9): | -0.0850 | |
| Directional Movement: | -22.876 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 5.142 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.364 | |
| Elder Ray (13): | -0.266 | |
| Super Trend (3,10): | 5.277 | |
| Zig ZAG (10): | 4.894 | |
| VORTEX (21): | 0.7130 | |
| Stochastique (14,3,5): | 3.58 | |
| TEMA (21): | 5.031 | |
| Williams %R (14): | -97.04 | |
| Chande Momentum Oscillator (20): | -0.441 | |
| Repulse (5,40,3): | -4.8740 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0460 | |
| Courbe Coppock: | 11.65 |
| MA7: | 5.087 | |
| MA20: | 5.288 | |
| MA50: | 5.227 | |
| MA100: | 5.263 | |
| MAexp7: | 5.068 | |
| MAexp20: | 5.221 | |
| MAexp50: | 5.259 | |
| MAexp100: | 5.281 | |
| Price / MA7: | -3.79% | |
| Price / MA20: | -7.45% | |
| Price / MA50: | -6.37% | |
| Price / MA100: | -7.01% | |
| Price / MAexp7: | -3.43% | |
| Price / MAexp20: | -6.26% | |
| Price / MAexp50: | -6.94% | |
| Price / MAexp100: | -7.33% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on DERICHEBOURG at the time of the generation of this analysis was as follows:
- Information mensuelle relative au nombre total de droits de vote et d’actions composant le capital social au 31 mai 2023
- First half 2022-2023 results
- Creation of a new international leader in contract catering and multiservices
- Derichebourg Multiservices and Elior Group plan to create a leading catering and multiservices firm
- Press release
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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