GL EVENTS

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	GLO
ISIN:	FR0000066672

GL EVENTS - 1H - Technical analysis published on 09/05/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 18.24 EUR

My targets

19.28 EUR (+2.34%)

20.11 EUR (+6.74%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GL EVENTS as long as the price remains well above 18.24 EUR. The buyers' bullish objective is set at 19.28 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.11 EUR. If there is any crossing, the next objective would be the resistance located at 22.42 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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 pierrott. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GL EVENTS rating 18.84 EUR. On the day, this instrument gained +12.01% with the lowest point at 17.30 EUR and the highest point at 19.30 EUR. The deviation from the price is +8.90% for the low point and -2.38% for the high point.

17.30

19.30

18.84

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this 1H chart of GL EVENTS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.21	17.68	18.24	18.84	18.85	19.28	20.11
Change (%)	-8.65%	-6.16%	-3.18%	-	+0.05%	+2.34%	+6.74%
Change	-1.63	-1.16	-0.60	-	+0.01	+0.44	+1.27
Level	Major	Intermediate	Minor	-	Major	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.05	16.23	16.53	16.71	17.01	17.19	17.49
Camarilla	16.69	16.73	16.78	16.82	16.86	16.91	16.95
Woodie	16.10	16.26	16.58	16.74	17.06	17.22	17.54
Fibonacci	16.23	16.42	16.53	16.71	16.90	17.01	17.19

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.13	16.39	16.85	17.11	17.57	17.83	18.29
Camarilla	17.12	17.19	17.25	17.32	17.39	17.45	17.52
Woodie	16.24	16.44	16.96	17.16	17.68	17.88	18.40
Fibonacci	16.39	16.66	16.83	17.11	17.38	17.55	17.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.44	15.00	16.16	17.72	18.88	20.44	21.60
Camarilla	16.57	16.82	17.07	17.32	17.57	17.82	18.07
Woodie	13.24	14.90	15.96	17.62	18.68	20.34	21.40
Fibonacci	15.00	16.04	16.68	17.72	18.76	19.40	20.44

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):	83.41
MACD (12,26,9):	0.6000
Directional Movement:	44.58
AROON (14):	85.71
DEMA (21):	18.55
Parabolic SAR (0,02-0,02-0,2):	17.79
Elder Ray (13):	0.96
Super Trend (3,10):	18.34
Zig ZAG (10):	19.14
VORTEX (21):	1.3200
Stochastique (14,3,5):	95.10
TEMA (21):	19.06
Williams %R (14):	-5.63
Chande Momentum Oscillator (20):	2.62
Repulse (5,40,3):	1.3400
ROCnROLL:	1
TRIX (15,9):	0.2700
Courbe Coppock:	25.83

MA7:	17.29
MA20:	17.31
MA50:	17.47
MA100:	18.01
MAexp7:	18.74
MAexp20:	17.89
MAexp50:	17.38
MAexp100:	17.25
Price / MA7:	+8.96%
Price / MA20:	+8.84%
Price / MA50:	+7.84%
Price / MA100:	+4.61%
Price / MAexp7:	+0.53%
Price / MAexp20:	+5.31%
Price / MAexp50:	+8.40%
Price / MAexp100:	+9.22%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on GL EVENTS. At the time of publication of this analysis, the latest news was as follows:

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

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