ESSILORLUXOTTICA - Daily - Technical analysis published on 10/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 129.00 EUR
My targets
135.45 EUR (+1.20%)
My analysis
The bullish trend is currently very strong on ESSILORLUXOTTICA. As long as the price remains above the support at 129.00 EUR, you could try to benefit from the boom. The first bullish objective is located at 135.45 EUR. The bullish momentum would be boosted by a break in this resistance. 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
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ESSILORLUXOTTICA rating 133.85 EUR. The price registered an increase of +1.10% on the session with the lowest point at 132.65 EUR and the highest point at 133.90 EUR. The deviation from the price is +0.90% for the low point and -0.04% for the high point.132.65
133.90
133.85
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:
Near a new HIGH record (5 years)
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
A technical analysis in Daily of this ESSILORLUXOTTICA chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 116.24 | 123.53 | 129.00 | 133.85 | 135.45 |
| Change (%) | -13.16% | -7.71% | -3.62% | - | +1.20% |
| Change | -17.61 | -10.32 | -4.85 | - | +1.60 |
| Level | Minor | Major | Intermediate | - | Major |
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 | 129.73 | 130.37 | 131.38 | 132.02 | 133.03 | 133.67 | 134.68 |
| Camarilla | 131.95 | 132.10 | 132.25 | 132.40 | 132.55 | 132.70 | 132.85 |
| Woodie | 129.93 | 130.46 | 131.58 | 132.11 | 133.23 | 133.76 | 134.88 |
| Fibonacci | 130.37 | 131.00 | 131.39 | 132.02 | 132.65 | 133.04 | 133.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.22 | 131.33 | 133.07 | 135.18 | 136.92 | 139.03 | 140.77 |
| Camarilla | 133.74 | 134.09 | 134.45 | 134.80 | 135.15 | 135.51 | 135.86 |
| Woodie | 129.03 | 131.24 | 132.88 | 135.09 | 136.73 | 138.94 | 140.58 |
| Fibonacci | 131.33 | 132.80 | 133.71 | 135.18 | 136.65 | 137.56 | 139.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.23 | 121.22 | 126.73 | 131.72 | 137.23 | 142.22 | 147.73 |
| Camarilla | 129.36 | 130.33 | 131.29 | 132.25 | 133.21 | 134.18 | 135.14 |
| Woodie | 116.50 | 121.35 | 127.00 | 131.85 | 137.50 | 142.35 | 148.00 |
| Fibonacci | 121.22 | 125.23 | 127.71 | 131.72 | 135.73 | 138.21 | 142.22 |
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): | 55.03 | |
| MACD (12,26,9): | 0.9200 | |
| Directional Movement: | 0.58 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 133.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 136.93 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 129.56 | |
| Zig ZAG (10): | 133.85 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 55.99 | |
| TEMA (21): | 133.81 | |
| Williams %R (14): | -40.98 | |
| Chande Momentum Oscillator (20): | 5.05 | |
| Repulse (5,40,3): | 1.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 7.11 |
| MA7: | 133.97 | |
| MA20: | 131.99 | |
| MA50: | 131.76 | |
| MA100: | 124.23 | |
| MAexp7: | 133.45 | |
| MAexp20: | 132.68 | |
| MAexp50: | 130.22 | |
| MAexp100: | 125.19 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +1.41% | |
| Price / MA50: | +1.59% | |
| Price / MA100: | +7.74% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | +2.79% | |
| Price / MAexp100: | +6.92% |
News
The latest news and videos published on ESSILORLUXOTTICA at the time of the analysis were as follows:
- EssilorLuxottica: Disclosure of Share Capital and Voting Rights Outstanding as of August 31, 2019
- EssilorLuxottica: Disclosure of Share Capital and Voting Rights Outstanding as of July 31, 2019
- EssilorLuxottica: Publication of the 2019 Interim Financial Report
- EssilorLuxottica: EssilorLuxottica to acquire HAL's 76.72% interest in GrandVision and launch a mandatory public offer for the remaining shares upon completion of the transaction
- EssilorLuxottica: EssilorLuxottica confirms it is having discussions to purchase ownership interest in GrandVision N.V. of HAL Holding N.V.
This member declared not having a position on this financial instrument or a related financial instrument.
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