EUTELSAT COMMUNIC. - Daily - Technical analysis published on 09/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
28%
22%
My opinion
Bullish above 16.998 EUR
My targets
17.371 EUR (+1.26%)
17.765 EUR (+3.56%)
My analysis
The bullish trend is currently very strong on EUTELSAT COMMUNIC.. As long as the price remains above the support at 16.998 EUR, you could try to benefit from the boom. The first bullish objective is located at 17.371 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17.765 EUR as an objective. Crossing it would then enable buyers to target 19.122 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.8
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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
The EUTELSAT COMMUNIC. price is 17.155 EUR. The price has increased by +1.57% since the last closing and was between 17.025 EUR and 17.275 EUR. This implies that the price is at +0.76% from its lowest and at -0.69% from its highest.17.025
17.275
17.155
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUTELSAT COMMUNIC. in Daily shows a strongly overall 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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 9 are bullish, 4 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
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 | 15.655 | 16.336 | 16.998 | 17.155 | 17.371 | 17.765 | 19.122 |
| Change (%) | -8.74% | -4.77% | -0.92% | - | +1.26% | +3.56% | +11.47% |
| Change | -1.500 | -0.819 | -0.157 | - | +0.216 | +0.610 | +1.967 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Major |
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 | 16.408 | 16.617 | 16.753 | 16.962 | 17.098 | 17.307 | 17.443 |
| Camarilla | 16.795 | 16.827 | 16.858 | 16.890 | 16.922 | 16.953 | 16.985 |
| Woodie | 16.373 | 16.599 | 16.718 | 16.944 | 17.063 | 17.289 | 17.408 |
| Fibonacci | 16.617 | 16.749 | 16.830 | 16.962 | 17.094 | 17.175 | 17.307 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.008 | 16.362 | 16.608 | 16.962 | 17.208 | 17.562 | 17.808 |
| Camarilla | 16.690 | 16.745 | 16.800 | 16.855 | 16.910 | 16.965 | 17.020 |
| Woodie | 15.955 | 16.335 | 16.555 | 16.935 | 17.155 | 17.535 | 17.755 |
| Fibonacci | 16.362 | 16.591 | 16.733 | 16.962 | 17.191 | 17.333 | 17.562 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.602 | 13.973 | 14.897 | 16.268 | 17.192 | 18.563 | 19.487 |
| Camarilla | 15.189 | 15.399 | 15.610 | 15.820 | 16.030 | 16.241 | 16.451 |
| Woodie | 12.378 | 13.861 | 14.673 | 16.156 | 16.968 | 18.451 | 19.263 |
| Fibonacci | 13.973 | 14.850 | 15.392 | 16.268 | 17.145 | 17.687 | 18.563 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.78 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 5.750 | |
| AROON (14): | -71.428 | |
| DEMA (21): | 17.031 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.540 | |
| Elder Ray (13): | 0.263 | |
| Super Trend (3,10): | 16.411 | |
| Zig ZAG (10): | 17.135 | |
| VORTEX (21): | 1.1810 | |
| Stochastique (14,3,5): | 44.53 | |
| TEMA (21): | 17.157 | |
| Williams %R (14): | -36.02 | |
| Chande Momentum Oscillator (20): | -0.070 | |
| Repulse (5,40,3): | -1.0490 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1950 | |
| Courbe Coppock: | 4.50 |
| MA7: | 16.902 | |
| MA20: | 16.837 | |
| MA50: | 16.465 | |
| MA100: | 16.447 | |
| MAexp7: | 16.952 | |
| MAexp20: | 16.780 | |
| MAexp50: | 16.577 | |
| MAexp100: | 16.573 | |
| Price / MA7: | +1.50% | |
| Price / MA20: | +1.89% | |
| Price / MA50: | +4.19% | |
| Price / MA100: | +4.30% | |
| Price / MAexp7: | +1.20% | |
| Price / MAexp20: | +2.23% | |
| Price / MAexp50: | +3.49% | |
| Price / MAexp100: | +3.51% |
News
The latest news and videos published on EUTELSAT COMMUNIC. at the time of the analysis were as follows:
- Eutelsat kicks off ELO, its constellation of nanosatellites dedicated to the Internet of Things
- EUTELSAT 117 West A selected by Orby TV for new United States DTH satellite service
- Eutelsat Statement on C-Band Alliance
- EUTELSAT 5 West B Delivered to Baikonur Cosmodrome for Pre-launch Preparation
- GLOBAL Technologies Selects Eutelsat to Support West Africa Power Pool Project
This member declared not having a position on this financial instrument or a related financial instrument.
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