EDENRED - 1H - Technical analysis published on 07/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 59.93 EUR
My targets
59.00 EUR (-0.81%)
58.38 EUR (-1.85%)
My analysis
EDENRED 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 59.93 EUR. The next support located at 59.00 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 58.38 EUR. Below this support, sellers could then target 53.18 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EDENRED price is 59.48 EUR. The price registered a decrease of -0.03% on the session with the lowest point at 59.38 EUR and the highest point at 59.94 EUR. The deviation from the price is +0.17% for the low point and -0.77% for the high point.59.38
59.94
59.48
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 EDENRED:
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 EDENRED in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting 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 moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 53.18 | 58.38 | 59.00 | 59.48 | 59.48 | 59.93 | 60.96 |
| Change (%) | -10.59% | -1.85% | -0.81% | 0% | - | +0.76% | +2.49% |
| Change | -6.30 | -1.10 | -0.48 | 0 | - | +0.45 | +1.48 |
| Level | Major | Minor | Minor | Intermediate | - | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.67 | 58.09 | 58.79 | 60.21 | 60.91 | 62.33 | 63.03 |
| Camarilla | 58.92 | 59.11 | 59.31 | 59.50 | 59.69 | 59.89 | 60.08 |
| Woodie | 56.32 | 57.91 | 58.44 | 60.03 | 60.56 | 62.15 | 62.68 |
| Fibonacci | 58.09 | 58.90 | 59.40 | 60.21 | 61.02 | 61.52 | 62.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.99 | 57.99 | 59.67 | 60.67 | 62.35 | 63.35 | 65.03 |
| Camarilla | 60.60 | 60.85 | 61.09 | 61.34 | 61.59 | 61.83 | 62.08 |
| Woodie | 57.32 | 58.16 | 60.00 | 60.84 | 62.68 | 63.52 | 65.36 |
| Fibonacci | 57.99 | 59.02 | 59.65 | 60.67 | 61.70 | 62.33 | 63.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.03 | 57.51 | 59.43 | 60.91 | 62.83 | 64.31 | 66.23 |
| Camarilla | 60.41 | 60.72 | 61.03 | 61.34 | 61.65 | 61.96 | 62.28 |
| Woodie | 56.24 | 57.62 | 59.64 | 61.02 | 63.04 | 64.42 | 66.44 |
| Fibonacci | 57.51 | 58.81 | 59.62 | 60.91 | 62.21 | 63.02 | 64.31 |
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): | 36.18 | |
| MACD (12,26,9): | -0.3000 | |
| Directional Movement: | -15.69 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 59.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 59.97 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 60.43 | |
| Zig ZAG (10): | 59.54 | |
| VORTEX (21): | 0.7000 | |
| Stochastique (14,3,5): | 11.90 | |
| TEMA (21): | 59.46 | |
| Williams %R (14): | -90.59 | |
| Chande Momentum Oscillator (20): | -1.06 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 4.73 |
| MA7: | 60.19 | |
| MA20: | 60.83 | |
| MA50: | 59.44 | |
| MA100: | 56.22 | |
| MAexp7: | 59.72 | |
| MAexp20: | 60.09 | |
| MAexp50: | 60.32 | |
| MAexp100: | 60.44 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -2.22% | |
| Price / MA50: | +0.07% | |
| Price / MA100: | +5.80% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | -1.02% | |
| Price / MAexp50: | -1.39% | |
| Price / MAexp100: | -1.59% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on EDENRED. At the time of publication of this analysis, the latest news was as follows:
- Edenred teamed up with a local food pantry as part of its CSR policy, Idealday
- Edenred teams up with Vous Vitamin to offer a personalized vitamin benefit to clients
- Edenred Appointed to New Employee Benefits and Services Buying Framework for UK Public Sector
- Global employee engagement platform, Reward Gateway acquired by worldwide leader in Employee Benefits, Edenred, for £1.15 bn
- Edenred extends its Employee Engagement offer in Latin America with the acquisition of GOintegro
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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