HEINEKEN - 1H - Technical analysis published on 08/05/2024 (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
28%
61%
11%
My opinion
Bearish under 81.13 EUR
My targets
77.91 EUR (-2.59%)
74.38 EUR (-7.00%)
My analysis
HEINEKEN 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 81.13 EUR. The next support located at 77.91 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 74.38 EUR. Below this support, sellers could then target 71.91 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HEINEKEN price is 79.98 EUR. The price is lower by -1.72% since the last closing with the lowest point at 79.64 EUR and the highest point at 81.00 EUR. The deviation from the price is +0.43% for the low point and -1.26% for the high point.79.64
81.00
79.98
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HEINEKEN:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of HEINEKEN in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 2 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 49.65 | 71.91 | 74.38 | 79.98 | 81.13 | 82.63 | 84.99 |
| Change (%) | -37.92% | -10.09% | -7.00% | - | +1.44% | +3.31% | +6.26% |
| Change | -30.33 | -8.07 | -5.60 | - | +1.15 | +2.65 | +5.01 |
| Level | Minor | Minor | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.47 | 79.67 | 80.53 | 81.73 | 82.59 | 83.79 | 84.65 |
| Camarilla | 80.81 | 81.00 | 81.19 | 81.38 | 81.57 | 81.76 | 81.95 |
| Woodie | 78.29 | 79.59 | 80.35 | 81.65 | 82.41 | 83.71 | 84.47 |
| Fibonacci | 79.67 | 80.46 | 80.95 | 81.73 | 82.52 | 83.01 | 83.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.99 | 77.91 | 79.64 | 82.56 | 84.29 | 87.21 | 88.94 |
| Camarilla | 80.10 | 80.53 | 80.95 | 81.38 | 81.81 | 82.23 | 82.66 |
| Woodie | 74.41 | 77.61 | 79.06 | 82.26 | 83.71 | 86.91 | 88.36 |
| Fibonacci | 77.91 | 79.68 | 80.78 | 82.56 | 84.33 | 85.43 | 87.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.90 | 74.86 | 78.44 | 84.40 | 87.98 | 93.94 | 97.52 |
| Camarilla | 79.40 | 80.27 | 81.15 | 82.02 | 82.90 | 83.77 | 84.64 |
| Woodie | 67.71 | 74.27 | 77.25 | 83.81 | 86.79 | 93.35 | 96.33 |
| Fibonacci | 74.86 | 78.50 | 80.76 | 84.40 | 88.04 | 90.30 | 93.94 |
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): | 35.14 | |
| MACD (12,26,9): | -0.5300 | |
| Directional Movement: | -20.12 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 80.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 82.75 | |
| Elder Ray (13): | -1.00 | |
| Super Trend (3,10): | 82.05 | |
| Zig ZAG (10): | 80.12 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 11.83 | |
| TEMA (21): | 80.82 | |
| Williams %R (14): | -86.06 | |
| Chande Momentum Oscillator (20): | -1.32 | |
| Repulse (5,40,3): | -0.8700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.72 |
| MA7: | 82.42 | |
| MA20: | 86.44 | |
| MA50: | 89.61 | |
| MA100: | 89.22 | |
| MAexp7: | 80.76 | |
| MAexp20: | 81.38 | |
| MAexp50: | 82.71 | |
| MAexp100: | 84.55 | |
| Price / MA7: | -2.96% | |
| Price / MA20: | -7.47% | |
| Price / MA50: | -10.75% | |
| Price / MA100: | -10.36% | |
| Price / MAexp7: | -0.97% | |
| Price / MAexp20: | -1.72% | |
| Price / MAexp50: | -3.30% | |
| Price / MAexp100: | -5.41% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on HEINEKEN at the time of the analysis were as follows:
- Heineken N.V. reports 2024 half year results
- 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
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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