OBIZ - Daily - Technical analysis published on 04/02/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 6.06 EUR
My targets
5.76 EUR (-2.37%)
5.50 EUR (-6.78%)
My analysis
OBIZ is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.06 EUR. The next support located at 5.76 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.50 EUR. Below this support, sellers could then target 5.10 EUR.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OBIZ rating is 5.90 EUR. The price has increased by +1.72% since the last closing with the lowest point at 5.84 EUR and the highest point at 6.00 EUR. The deviation from the price is +1.03% for the low point and -1.67% for the high point.5.84
6.00
5.90
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this OBIZ chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from 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 slightly bearish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
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:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.10 | 5.50 | 5.76 | 5.90 | 6.06 | 6.26 | 6.68 |
| Change (%) | -13.56% | -6.78% | -2.37% | - | +2.71% | +6.10% | +13.22% |
| Change | -0.80 | -0.40 | -0.14 | - | +0.16 | +0.36 | +0.78 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate | 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 | 5.60 | 5.64 | 5.72 | 5.76 | 5.84 | 5.88 | 5.96 |
| Camarilla | 5.77 | 5.78 | 5.79 | 5.80 | 5.81 | 5.82 | 5.83 |
| Woodie | 5.62 | 5.65 | 5.74 | 5.77 | 5.86 | 5.89 | 5.98 |
| Fibonacci | 5.64 | 5.69 | 5.71 | 5.76 | 5.81 | 5.83 | 5.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.36 | 5.52 | 5.66 | 5.82 | 5.96 | 6.12 | 6.26 |
| Camarilla | 5.72 | 5.75 | 5.77 | 5.80 | 5.83 | 5.86 | 5.88 |
| Woodie | 5.35 | 5.52 | 5.65 | 5.82 | 5.95 | 6.12 | 6.25 |
| Fibonacci | 5.52 | 5.64 | 5.71 | 5.82 | 5.94 | 6.01 | 6.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.44 | 5.00 | 5.40 | 5.96 | 6.36 | 6.92 | 7.32 |
| Camarilla | 5.54 | 5.62 | 5.71 | 5.80 | 5.89 | 5.98 | 6.06 |
| Woodie | 4.36 | 4.96 | 5.32 | 5.92 | 6.28 | 6.88 | 7.24 |
| Fibonacci | 5.00 | 5.37 | 5.59 | 5.96 | 6.33 | 6.55 | 6.92 |
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): | 32.98 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -27.94 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 5.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.56 | |
| Elder Ray (13): | -0.13 | |
| Super Trend (3,10): | 6.16 | |
| Zig ZAG (10): | 5.90 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 29.43 | |
| TEMA (21): | 5.79 | |
| Williams %R (14): | -59.52 | |
| Chande Momentum Oscillator (20): | -0.38 | |
| Repulse (5,40,3): | -0.5900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3200 | |
| Courbe Coppock: | 14.97 |
| MA7: | 5.92 | |
| MA20: | 6.20 | |
| MA50: | 6.42 | |
| MA100: | 6.21 | |
| MAexp7: | 5.93 | |
| MAexp20: | 6.15 | |
| MAexp50: | 6.29 | |
| MAexp100: | 6.25 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -4.84% | |
| Price / MA50: | -8.10% | |
| Price / MA100: | -4.99% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -4.07% | |
| Price / MAexp50: | -6.20% | |
| Price / MAexp100: | -5.60% |
Quotes :
-
15 min delayed data
-
Euronext Paris
This member declared not having a position on this financial instrument or a related financial instrument.
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