EO2

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ALEO2
ISIN:	FR0010465534

EO2 - Daily - Technical analysis published on 07/29/2022 (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

78%

17%

My opinion

Bullish above 5.24 EUR

My targets

6.00 EUR (+7.14%)

8.20 EUR (+46.43%)

My analysis

The bullish trend is currently very strong on EO2. As long as the price remains above the support at 5.24 EUR, you could try to benefit from the boom. The first bullish objective is located at 6.00 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.20 EUR as an objective. Crossing it would then enable buyers to target 9.50 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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

EO2 rating 5.60 EUR. The price has increased by +12.00% since the last closing and was traded between 5.06 EUR and 5.76 EUR over the period. The price is currently at +10.67% from its lowest and -2.78% from its highest.

5.06

5.76

5.60

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Abnormal volumes on EO2 were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Daily of this EO2 chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

White line without lower shadow

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.99	5.12	5.24	5.60	6.00	8.20	9.50
Change (%)	-10.89%	-8.57%	-6.43%	-	+7.14%	+46.43%	+69.64%
Change	-0.61	-0.48	-0.36	-	+0.40	+2.60	+3.90
Level	Intermediate	Minor	Major	-	Intermediate	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.54	4.65	4.83	4.94	5.12	5.23	5.41
Camarilla	4.92	4.95	4.97	5.00	5.03	5.05	5.08
Woodie	4.57	4.67	4.86	4.96	5.15	5.25	5.44
Fibonacci	4.65	4.76	4.83	4.94	5.05	5.12	5.23

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.06	4.34	4.54	4.82	5.02	5.30	5.50
Camarilla	4.61	4.65	4.70	4.74	4.78	4.83	4.87
Woodie	4.02	4.32	4.50	4.80	4.98	5.28	5.46
Fibonacci	4.34	4.52	4.64	4.82	5.00	5.12	5.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.67	3.94	4.42	4.69	5.17	5.44	5.92
Camarilla	4.68	4.75	4.82	4.89	4.96	5.03	5.10
Woodie	3.77	3.99	4.52	4.74	5.27	5.49	6.02
Fibonacci	3.94	4.23	4.41	4.69	4.98	5.16	5.44

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):	71.49
MACD (12,26,9):	0.0900
Directional Movement:	27.16
AROON (14):	100.00
DEMA (21):	5.01
Parabolic SAR (0,02-0,02-0,2):	4.54
Elder Ray (13):	0.45
Super Trend (3,10):	4.66
Zig ZAG (10):	5.60
VORTEX (21):	1.0200
Stochastique (14,3,5):	71.86
TEMA (21):	5.06
Williams %R (14):	-14.04
Chande Momentum Oscillator (20):	0.88
Repulse (5,40,3):	11.9700
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	8.53

MA7:	4.95
MA20:	4.88
MA50:	4.73
MA100:	4.79
MAexp7:	5.05
MAexp20:	4.91
MAexp50:	4.82
MAexp100:	4.78
Price / MA7:	+13.13%
Price / MA20:	+14.75%
Price / MA50:	+18.39%
Price / MA100:	+16.91%
Price / MAexp7:	+10.89%
Price / MAexp20:	+14.05%
Price / MAexp50:	+16.18%
Price / MAexp100:	+17.15%

Quotes : - 15 min delayed data - Euronext Paris

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

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Londinia AI

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