DEVOTEAM

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	DVT
ISIN:	FR0000073793

DEVOTEAM - Daily - Technical analysis published on 02/12/2020 (GMT)

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Timeframe : Daily
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DEVOTEAM Chart

Summary of the analysis

Trends

Court terme: Bullish

De fond: Slightly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 84.0 EUR

My targets

91.2 EUR (+3.28%)

95.6 EUR (+8.27%)

My analysis

The basic trend is currently slightly bullish on DEVOTEAM and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 84.0 EUR, purchases could be favourable. The first bullish objective would be the resistance located at 91.2 EUR. Then the price could move towards 95.6 EUR. Then 102.8 EUR by extension. A return under the support to 84.0 EUR could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

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

FORCE

3.8

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 Vincent Launay.

Additional analysis

Quotes

The DEVOTEAM price is 88.3 EUR. On the day, this instrument gained +0.46% with the lowest point at 87.9 EUR and the highest point at 88.5 EUR. The deviation from the price is +0.46% for the low point and -0.23% for the high point.

87.9

88.5

88.3

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of DEVOTEAM in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	73.7	79.2	84.0	88.3	91.2	95.6	102.8
Change (%)	-16.53%	-10.31%	-4.87%	-	+3.28%	+8.27%	+16.42%
Change	-14.6	-9.1	-4.3	-	+2.9	+7.3	+14.5
Level	Major	Major	Intermediate	-	Intermediate	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.0	84.2	86.1	87.3	89.2	90.4	92.3
Camarilla	87.1	87.3	87.6	87.9	88.2	88.5	88.8
Woodie	83.3	84.4	86.4	87.5	89.5	90.6	92.6
Fibonacci	84.2	85.4	86.2	87.3	88.5	89.3	90.4

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.6	80.6	81.7	83.7	84.8	86.8	87.9
Camarilla	82.0	82.2	82.5	82.8	83.1	83.4	83.7
Woodie	78.2	80.4	81.3	83.5	84.4	86.6	87.5
Fibonacci	80.6	81.8	82.5	83.7	84.9	85.6	86.8

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.0	75.9	80.2	88.1	92.4	100.3	104.6
Camarilla	81.2	82.3	83.4	84.5	85.6	86.7	87.9
Woodie	66.2	75.0	78.4	87.2	90.6	99.4	102.8
Fibonacci	75.9	80.6	83.4	88.1	92.8	95.6	100.3

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):	52.30
MACD (12,26,9):	-1.2000
Directional Movement:	-4.1
AROON (14):	-78.6
DEMA (21):	85.6
Parabolic SAR (0,02-0,02-0,2):	88.6
Elder Ray (13):	1.6
Super Trend (3,10):	90.7
Zig ZAG (10):	88.3
VORTEX (21):	1.0000
Stochastique (14,3,5):	54.40
TEMA (21):	84.8
Williams %R (14):	-35.10
Chande Momentum Oscillator (20):	-2.1
Repulse (5,40,3):	3.0000
ROCnROLL:	1
TRIX (15,9):	-0.2000
Courbe Coppock:	6.60

MA7:	85.4
MA20:	87.0
MA50:	90.4
MA100:	85.2
MAexp7:	86.3
MAexp20:	87.2
MAexp50:	88.2
MAexp100:	88.4
Price / MA7:	+3.40%
Price / MA20:	+1.49%
Price / MA50:	-2.32%
Price / MA100:	+3.64%
Price / MAexp7:	+2.32%
Price / MAexp20:	+1.26%
Price / MAexp50:	+0.11%
Price / MAexp100:	-0.11%

News

The last news published on DEVOTEAM at the time of the generation of this analysis was as follows:

Devoteam

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

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