ESKER - Weekly - Technical analysis published on 08/13/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
ESKER Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 201.1 EUR
My targets
236.4 EUR (+3.68%)
279.8 EUR (+22.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ESKER as long as the price remains well above 201.1 EUR. The buyers' bullish objective is set at 236.4 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 279.8 EUR. If there is any crossing, the next objective would be the resistance located at 299.6 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
0
10
8.4
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This analysis was given by pierrott.
Additional analysis
Quotes
The ESKER price is 228.0 EUR. The price is up +16.09% over 5 days and has been traded over the last 5 days between 200.6 EUR and 244.2 EUR. This implies that the 5 day price is +13.66% from its lowest point and -6.63% from its highest point.200.6
244.2
228.0
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 ESKER:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Weekly of this ESKER chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : Weekly
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 111.3 | 158.5 | 201.1 | 228.0 | 236.4 | 279.8 | 299.6 |
| Change (%) | -51.18% | -30.48% | -11.80% | - | +3.68% | +22.72% | +31.40% |
| Change | -116.7 | -69.5 | -26.9 | - | +8.4 | +51.8 | +71.6 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.7 | 219.1 | 223.1 | 227.5 | 231.5 | 235.9 | 239.9 |
| Camarilla | 224.7 | 225.5 | 226.2 | 227.0 | 227.8 | 228.5 | 229.3 |
| Woodie | 214.4 | 219.0 | 222.8 | 227.4 | 231.2 | 235.8 | 239.6 |
| Fibonacci | 219.1 | 222.3 | 224.3 | 227.5 | 230.7 | 232.7 | 235.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.7 | 158.3 | 189.1 | 216.7 | 247.5 | 275.1 | 305.9 |
| Camarilla | 203.9 | 209.3 | 214.7 | 220.0 | 225.4 | 230.7 | 236.1 |
| Woodie | 132.4 | 159.1 | 190.8 | 217.5 | 249.2 | 275.9 | 307.6 |
| Fibonacci | 158.3 | 180.6 | 194.4 | 216.7 | 239.0 | 252.8 | 275.1 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 156.0 | 166.5 | 184.7 | 195.2 | 213.4 | 223.9 | 242.1 |
| Camarilla | 195.1 | 197.7 | 200.4 | 203.0 | 205.6 | 208.3 | 210.9 |
| Woodie | 160.0 | 168.4 | 188.7 | 197.1 | 217.4 | 225.8 | 246.1 |
| Fibonacci | 166.5 | 177.4 | 184.2 | 195.2 | 206.1 | 212.9 | 223.9 |
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): | 73.50 | |
| MACD (12,26,9): | 12.3000 | |
| Directional Movement: | 27.0 | |
| AROON (14): | 42.9 | |
| DEMA (21): | 207.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 183.1 | |
| Elder Ray (13): | 29.6 | |
| Super Trend (3,10): | 177.7 | |
| Zig ZAG (10): | 228.0 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 73.40 | |
| TEMA (21): | 211.4 | |
| Williams %R (14): | -22.90 | |
| Chande Momentum Oscillator (20): | 34.6 | |
| Repulse (5,40,3): | 8.7000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8000 | |
| Courbe Coppock: | 21.10 |
| MA7: | 209.8 | |
| MA20: | 202.7 | |
| MA50: | 192.1 | |
| MA100: | 188.9 | |
| MAexp7: | 206.7 | |
| MAexp20: | 191.7 | |
| MAexp50: | 174.6 | |
| MAexp100: | 166.4 | |
| Price / MA7: | +8.67% | |
| Price / MA20: | +12.48% | |
| Price / MA50: | +18.69% | |
| Price / MA100: | +20.70% | |
| Price / MAexp7: | +10.30% | |
| Price / MAexp20: | +18.94% | |
| Price / MAexp50: | +30.58% | |
| Price / MAexp100: | +37.02% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on ESKER. At the time of publication of this analysis, the latest news was as follows:
- Esker Named Best Finance Automation Partner at FutureCFO Excellence Awards 2024
- Esker Named a Leader in the 2023 Gartner® Magic Quadrant™ for Integrated Invoice-to-Cash Applications
- Esker Asia Automates Key Business Processes for Brother International Singapore Pte Ltd
- Esker (ALESK): Record order intake in Q3
- Esker Partners HitPay to Offer Businesses More Payment Options
This member declared not having a position on this financial instrument or a related financial instrument.
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