COMPAGNIE ODET - 1H - Technical analysis published on 03/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 1,476.0 EUR
My targets
1,506.0 EUR (+1.07%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COMPAGNIE ODET as long as the price remains well above 1,476.0 EUR. The buyers' bullish objective is set at 1,506.0 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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
The COMPAGNIE ODET price is 1,490.0 EUR. The price registered an increase of +2.90% on the session and was traded between 1,460.0 EUR and 1,548.0 EUR over the period. The price is currently at +2.05% from its lowest and -3.75% from its highest.1,460.0
1,548.0
1,490.0
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
Technical
Technical analysis of COMPAGNIE ODET in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1,450.0 | 1,458.0 | 1,476.0 | 1,490.0 | 1,494.0 | 1,506.0 |
| Change (%) | -2.68% | -2.15% | -0.94% | - | +0.27% | +1.07% |
| Change | -40.0 | -32.0 | -14.0 | - | +4.0 | +16.0 |
| Level | Intermediate | Minor | Minor | - | Major | 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 | 1,396.7 | 1,409.3 | 1,428.7 | 1,441.3 | 1,460.7 | 1,473.3 | 1,492.7 |
| Camarilla | 1,439.2 | 1,442.1 | 1,445.1 | 1,448.0 | 1,450.9 | 1,453.9 | 1,456.8 |
| Woodie | 1,400.0 | 1,411.0 | 1,432.0 | 1,443.0 | 1,464.0 | 1,475.0 | 1,496.0 |
| Fibonacci | 1,409.3 | 1,421.6 | 1,429.1 | 1,441.3 | 1,453.6 | 1,461.1 | 1,473.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,355.3 | 1,392.7 | 1,419.3 | 1,456.7 | 1,483.3 | 1,520.7 | 1,547.3 |
| Camarilla | 1,428.4 | 1,434.3 | 1,440.1 | 1,446.0 | 1,451.9 | 1,457.7 | 1,463.6 |
| Woodie | 1,350.0 | 1,390.0 | 1,414.0 | 1,454.0 | 1,478.0 | 1,518.0 | 1,542.0 |
| Fibonacci | 1,392.7 | 1,417.1 | 1,432.2 | 1,456.7 | 1,481.1 | 1,496.2 | 1,520.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,330.0 | 1,372.0 | 1,406.0 | 1,448.0 | 1,482.0 | 1,524.0 | 1,558.0 |
| Camarilla | 1,419.1 | 1,426.1 | 1,433.0 | 1,440.0 | 1,447.0 | 1,453.9 | 1,460.9 |
| Woodie | 1,326.0 | 1,370.0 | 1,402.0 | 1,446.0 | 1,478.0 | 1,522.0 | 1,554.0 |
| Fibonacci | 1,372.0 | 1,401.0 | 1,419.0 | 1,448.0 | 1,477.0 | 1,495.0 | 1,524.0 |
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): | 62.30 | |
| MACD (12,26,9): | 14.1000 | |
| Directional Movement: | 28.9 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 1,476.9 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,460.6 | |
| Elder Ray (13): | 26.0 | |
| Super Trend (3,10): | 1,481.4 | |
| Zig ZAG (10): | 1,502.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 69.90 | |
| TEMA (21): | 1,492.4 | |
| Williams %R (14): | -36.50 | |
| Chande Momentum Oscillator (20): | 76.0 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 8.50 |
| MA7: | 1,463.1 | |
| MA20: | 1,443.9 | |
| MA50: | 1,448.0 | |
| MA100: | 1,363.2 | |
| MAexp7: | 1,487.6 | |
| MAexp20: | 1,463.3 | |
| MAexp50: | 1,454.4 | |
| MAexp100: | 1,449.5 | |
| Price / MA7: | +1.84% | |
| Price / MA20: | +3.19% | |
| Price / MA50: | +2.90% | |
| Price / MA100: | +9.30% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +1.82% | |
| Price / MAexp50: | +2.45% | |
| Price / MAexp100: | +2.79% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on COMPAGNIE ODET at the time of the analysis were as follows:
- COMPAGNIE DE L'ODET : 2022 RESULTS
- Compagnie de l'Odet : Financial information for Q3 2022
- Compagnie de l'Odet : first-half 2022 results
- Compagnie de l'Odet : Financial information for the first quarter of 2022
- Financière de l'Odet : Making available of the half-year financial report 2021
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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