COMPAGNIE ODET

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ODET
ISIN:	FR0000062234

COMPAGNIE ODET - 1H - Technical analysis published on 04/23/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

11%

39%

My opinion

Bearish under 1,536.0 EUR

My targets

1,444.0 EUR (-4.50%)

1,396.6 EUR (-7.63%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on COMPAGNIE ODET. As long as you are under the resistance located at 1,536.0 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1,444.0 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1,396.6 EUR as an objective. Crossing it would then enable sellers to target 1,350.0 EUR. If the resistance 1,536.0 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

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

The COMPAGNIE ODET price is 1,512.0 EUR. The price registered a decrease of -0.13% on the session with the lowest point at 1,502.0 EUR and the highest point at 1,520.0 EUR. The deviation from the price is +0.67% for the low point and -0.53% for the high point.

1,502.0

1,520.0

1,512.0

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of COMPAGNIE ODET indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,350.0	1,396.6	1,506.6	1,512.0	1,536.0	1,570.0	1,600.0
Change (%)	-10.71%	-7.63%	-0.36%	-	+1.59%	+3.84%	+5.82%
Change	-162.0	-115.4	-5.4	-	+24.0	+58.0	+88.0
Level	Minor	Major	Major	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,489.3	1,496.7	1,505.3	1,512.7	1,521.3	1,528.7	1,537.3
Camarilla	1,509.6	1,511.1	1,512.5	1,514.0	1,515.5	1,516.9	1,518.4
Woodie	1,490.0	1,497.0	1,506.0	1,513.0	1,522.0	1,529.0	1,538.0
Fibonacci	1,496.7	1,502.8	1,506.6	1,512.7	1,518.8	1,522.6	1,528.7

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,444.0	1,470.0	1,488.0	1,514.0	1,532.0	1,558.0	1,576.0
Camarilla	1,493.9	1,497.9	1,502.0	1,506.0	1,510.0	1,514.1	1,518.1
Woodie	1,440.0	1,468.0	1,484.0	1,512.0	1,528.0	1,556.0	1,572.0
Fibonacci	1,470.0	1,486.8	1,497.2	1,514.0	1,530.8	1,541.2	1,558.0

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,177.3	1,262.7	1,415.3	1,500.7	1,653.3	1,738.7	1,891.3
Camarilla	1,502.6	1,524.4	1,546.2	1,568.0	1,589.8	1,611.6	1,633.5
Woodie	1,211.0	1,279.5	1,449.0	1,517.5	1,687.0	1,755.5	1,925.0
Fibonacci	1,262.7	1,353.6	1,409.8	1,500.7	1,591.6	1,647.8	1,738.7

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):	50.80
MACD (12,26,9):	0.8000
Directional Movement:	9.7
AROON (14):	-14.3
DEMA (21):	1,511.0
Parabolic SAR (0,02-0,02-0,2):	1,496.5
Elder Ray (13):	4.5
Super Trend (3,10):	1,494.9
Zig ZAG (10):	1,512.0
VORTEX (21):	0.9000
Stochastique (14,3,5):	70.40
TEMA (21):	1,514.7
Williams %R (14):	-44.40
Chande Momentum Oscillator (20):	6.0
Repulse (5,40,3):	0.6000
ROCnROLL:	-1
TRIX (15,9):	0.0000
Courbe Coppock:	0.80

MA7:	1,511.4
MA20:	1,542.8
MA50:	1,486.6
MA100:	1,459.5
MAexp7:	1,513.1
MAexp20:	1,510.8
MAexp50:	1,515.2
MAexp100:	1,523.6
Price / MA7:	+0.04%
Price / MA20:	-2.00%
Price / MA50:	+1.71%
Price / MA100:	+3.60%
Price / MAexp7:	-0.07%
Price / MAexp20:	+0.08%
Price / MAexp50:	-0.21%
Price / MAexp100:	-0.76%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on COMPAGNIE ODET at the time of the generation of this analysis was as follows:

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

About author

Londinia AI

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