VEON - Daily - Technical analysis published on 02/21/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
VEON Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.800 EUR
My targets
0.907 EUR (+6.92%)
0.966 EUR (+13.92%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VEON as long as the price remains well above 0.800 EUR. The buyers' bullish objective is set at 0.907 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.966 EUR. If there is any crossing, the next objective would be the resistance located at 1.350 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, technical indicators confirm the bullish opinion of this analysis. 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.
Additional analysis
Quotes
The VEON price is 0.848 EUR. The price registered an increase of +1.92% on the session with the lowest point at 0.848 EUR and the highest point at 0.848 EUR. The deviation from the price is 0% for the low point and 0% for the high point.0.848
0.848
0.848
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 VEON:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of VEON 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 does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami cross
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.719 | 0.749 | 0.800 | 0.848 | 0.966 | 1.350 | 1.564 |
| Change (%) | -15.21% | -11.67% | -5.66% | - | +13.92% | +59.20% | +84.43% |
| Change | -0.129 | -0.099 | -0.048 | - | +0.118 | +0.502 | +0.716 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.781 | 0.803 | 0.817 | 0.839 | 0.853 | 0.875 | 0.889 |
| Camarilla | 0.822 | 0.825 | 0.829 | 0.832 | 0.835 | 0.839 | 0.842 |
| Woodie | 0.778 | 0.801 | 0.814 | 0.837 | 0.850 | 0.873 | 0.886 |
| Fibonacci | 0.803 | 0.816 | 0.825 | 0.839 | 0.852 | 0.861 | 0.875 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.731 | 0.765 | 0.819 | 0.853 | 0.907 | 0.941 | 0.995 |
| Camarilla | 0.848 | 0.856 | 0.864 | 0.872 | 0.880 | 0.888 | 0.896 |
| Woodie | 0.740 | 0.770 | 0.828 | 0.858 | 0.916 | 0.946 | 1.004 |
| Fibonacci | 0.765 | 0.799 | 0.820 | 0.853 | 0.887 | 0.908 | 0.941 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.597 | 0.627 | 0.665 | 0.695 | 0.733 | 0.763 | 0.801 |
| Camarilla | 0.685 | 0.692 | 0.698 | 0.704 | 0.710 | 0.717 | 0.723 |
| Woodie | 0.602 | 0.629 | 0.670 | 0.697 | 0.738 | 0.765 | 0.806 |
| Fibonacci | 0.627 | 0.653 | 0.669 | 0.695 | 0.721 | 0.737 | 0.763 |
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): | 69.75 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 15.106 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 0.845 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.802 | |
| Elder Ray (13): | 0.030 | |
| Super Trend (3,10): | 0.757 | |
| Zig ZAG (10): | 0.848 | |
| VORTEX (21): | 1.2250 | |
| Stochastique (14,3,5): | 74.42 | |
| TEMA (21): | 0.868 | |
| Williams %R (14): | -22.73 | |
| Chande Momentum Oscillator (20): | 0.100 | |
| Repulse (5,40,3): | -1.3030 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6880 | |
| Courbe Coppock: | 37.52 |
| MA7: | 0.845 | |
| MA20: | 0.781 | |
| MA50: | 0.733 | |
| MA100: | 0.706 | |
| MAexp7: | 0.839 | |
| MAexp20: | 0.796 | |
| MAexp50: | 0.749 | |
| MAexp100: | 0.720 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +8.58% | |
| Price / MA50: | +15.69% | |
| Price / MA100: | +20.11% | |
| Price / MAexp7: | +1.07% | |
| Price / MAexp20: | +6.53% | |
| Price / MAexp50: | +13.22% | |
| Price / MAexp100: | +17.78% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
Don't forget to follow the news on VEON. At the time of publication of this analysis, the latest news was as follows:
- VEON Launches Geolocation Gateway, Enabling Proximity-Based Digital Services
- VEON to release 4Q 2023 trading update on 21 March 2024
- Kyivstar and Come Back Alive Raise UAH180M to Demine Ukraine, Reaching Campaign Target
- VEON’s Kyivstar Nominated for the GLOMO in “Best Mobile Innovation” for Emergency and Humanitarian Connectivity
- Augmented Intelligence for Disaster Response: Beeline Kazakhstan Mobilises AI to Fight Forest Fires
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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