TECHNIP ENERGIES

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	TE
ISIN:	NL0014559478

TECHNIP ENERGIES - 1H - Technical analysis published on 06/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

61%

33%

My opinion

Bearish under 22.29 EUR

My targets

21.47 EUR (-1.15%)

19.76 EUR (-9.02%)

My analysis

The bearish trend is currently very strong for TECHNIP ENERGIES. As long as the price remains below the resistance at 22.29 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 21.47 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 19.76 EUR as an objective. Crossing it would then enable sellers to target 19.03 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.1

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

TECHNIP ENERGIES rating 21.72 EUR. On the day, this instrument lost -0.09% with the lowest point at 21.64 EUR and the highest point at 21.94 EUR. The deviation from the price is +0.37% for the low point and -1.00% for the high point.

21.64

21.94

21.72

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 TECHNIP ENERGIES:

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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of TECHNIP ENERGIES indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

Bullish doji star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.76	21.47	21.62	21.72	22.29	22.51	22.66
Change (%)	-9.02%	-1.15%	-0.46%	-	+2.62%	+3.64%	+4.33%
Change	-1.96	-0.25	-0.10	-	+0.57	+0.79	+0.94
Level	Intermediate	Major	Intermediate	-	Minor	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.33	20.97	21.35	21.99	22.37	23.01	23.39
Camarilla	21.46	21.55	21.65	21.74	21.83	21.93	22.02
Woodie	20.21	20.91	21.23	21.93	22.25	22.95	23.27
Fibonacci	20.97	21.36	21.60	21.99	22.38	22.62	23.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.55	21.09	21.59	22.13	22.63	23.17	23.67
Camarilla	21.81	21.91	22.01	22.10	22.20	22.29	22.39
Woodie	20.54	21.08	21.58	22.12	22.62	23.16	23.66
Fibonacci	21.09	21.48	21.73	22.13	22.52	22.77	23.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.43	18.87	20.48	21.92	23.53	24.97	26.58
Camarilla	21.26	21.54	21.82	22.10	22.38	22.66	22.94
Woodie	17.53	18.91	20.58	21.96	23.63	25.01	26.68
Fibonacci	18.87	20.03	20.75	21.92	23.08	23.80	24.97

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):	40.45
MACD (12,26,9):	-0.1500
Directional Movement:	-6.92
AROON (14):	-57.14
DEMA (21):	21.89
Parabolic SAR (0,02-0,02-0,2):	22.38
Elder Ray (13):	-0.16
Super Trend (3,10):	22.34
Zig ZAG (10):	21.72
VORTEX (21):	0.8400
Stochastique (14,3,5):	12.88
TEMA (21):	21.69
Williams %R (14):	-90.20
Chande Momentum Oscillator (20):	-0.34
Repulse (5,40,3):	-0.3700
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	8.60

MA7:	22.04
MA20:	22.43
MA50:	22.44
MA100:	21.18
MAexp7:	21.80
MAexp20:	22.04
MAexp50:	22.15
MAexp100:	22.23
Price / MA7:	-1.45%
Price / MA20:	-3.17%
Price / MA50:	-3.21%
Price / MA100:	+2.55%
Price / MAexp7:	-0.37%
Price / MAexp20:	-1.45%
Price / MAexp50:	-1.94%
Price / MAexp100:	-2.29%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on TECHNIP ENERGIES at the time of the analysis were as follows:

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

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