HEINEKEN - 1H - Technical analysis published on 07/01/2024 (GMT)
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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
17%
72%
11%
My opinion
Bearish under 91.21 EUR
My targets
88.61 EUR (-1.50%)
85.93 EUR (-4.48%)
My analysis
The bearish trend is currently very strong for HEINEKEN. As long as the price remains below the resistance at 91.21 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 88.61 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 85.93 EUR as an objective. Crossing it would then enable sellers to target 83.32 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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Additional analysis
Quotes
The HEINEKEN rating is 89.96 EUR. On the day, this instrument lost -0.38% with the lowest point at 89.90 EUR and the highest point at 91.12 EUR. The deviation from the price is +0.07% for the low point and -1.27% for the high point.89.90
91.12
89.96
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of HEINEKEN indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 83.32 | 85.93 | 88.61 | 89.96 | 90.24 | 91.21 | 91.71 |
| Change (%) | -7.38% | -4.48% | -1.50% | - | +0.31% | +1.39% | +1.95% |
| Change | -6.64 | -4.03 | -1.35 | - | +0.28 | +1.25 | +1.75 |
| Level | Major | Intermediate | Major | - | Intermediate | 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 | 87.81 | 88.95 | 89.63 | 90.77 | 91.45 | 92.59 | 93.27 |
| Camarilla | 89.80 | 89.97 | 90.13 | 90.30 | 90.47 | 90.63 | 90.80 |
| Woodie | 87.57 | 88.84 | 89.39 | 90.66 | 91.21 | 92.48 | 93.03 |
| Fibonacci | 88.95 | 89.65 | 90.08 | 90.77 | 91.47 | 91.90 | 92.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.26 | 87.18 | 88.74 | 91.66 | 93.22 | 96.14 | 97.70 |
| Camarilla | 89.07 | 89.48 | 89.89 | 90.30 | 90.71 | 91.12 | 91.53 |
| Woodie | 83.58 | 86.84 | 88.06 | 91.32 | 92.54 | 95.80 | 97.02 |
| Fibonacci | 87.18 | 88.89 | 89.95 | 91.66 | 93.37 | 94.43 | 96.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.10 | 86.10 | 88.20 | 92.20 | 94.30 | 98.30 | 100.40 |
| Camarilla | 88.62 | 89.18 | 89.74 | 90.30 | 90.86 | 91.42 | 91.98 |
| Woodie | 81.15 | 85.63 | 87.25 | 91.73 | 93.35 | 97.83 | 99.45 |
| Fibonacci | 86.10 | 88.43 | 89.87 | 92.20 | 94.53 | 95.97 | 98.30 |
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): | 24.92 | |
| MACD (12,26,9): | -0.6700 | |
| Directional Movement: | -17.46 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 90.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.12 | |
| Elder Ray (13): | -0.81 | |
| Super Trend (3,10): | 91.39 | |
| Zig ZAG (10): | 90.04 | |
| VORTEX (21): | 0.6600 | |
| Stochastique (14,3,5): | 5.06 | |
| TEMA (21): | 89.98 | |
| Williams %R (14): | -93.07 | |
| Chande Momentum Oscillator (20): | -1.54 | |
| Repulse (5,40,3): | -0.8200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.16 |
| MA7: | 92.04 | |
| MA20: | 93.28 | |
| MA50: | 92.99 | |
| MA100: | 89.89 | |
| MAexp7: | 90.38 | |
| MAexp20: | 91.18 | |
| MAexp50: | 92.01 | |
| MAexp100: | 92.60 | |
| Price / MA7: | -2.26% | |
| Price / MA20: | -3.56% | |
| Price / MA50: | -3.26% | |
| Price / MA100: | +0.08% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -1.34% | |
| Price / MAexp50: | -2.23% | |
| Price / MAexp100: | -2.85% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on HEINEKEN at the time of the generation of this analysis was as follows:
- Heineken N.V. reports on 2024 first-quarter trading
- BELLAGIO FOUNTAIN CLUB RETURNS FOR FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX 2024 NOVEMBER 21-23
- Heineken N.V. reports 2023 full year results
- Sphere And Formula 1 Heineken Silver Las Vegas Grand Prix Announce Custom Race Content For Exosphere
- MGM RESORTS REVEALS NEW DETAILS ABOUT BELLAGIO FOUNTAIN CLUB EXPERIENCE AT FORMULA 1® HEINEKEN SILVER LAS VEGAS GRAND PRIX
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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