HERMES INTL - 1H - Technical analysis published on 12/12/2024 (GMT)
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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
61%
6%
33%
My opinion
Bullish above 2,231.3 EUR
My targets
2,333.0 EUR (+2.59%)
2,388.0 EUR (+5.01%)
My analysis
The bullish trend is currently very strong on HERMES INTL. As long as the price remains above the support at 2,231.3 EUR, you could try to benefit from the boom. The first bullish objective is located at 2,333.0 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,388.0 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
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Additional analysis
Quotes
The HERMES INTL rating is 2,274.0 EUR. On the day, this instrument gained +0.75% and was traded between 2,257.0 EUR and 2,304.0 EUR over the period. The price is currently at +0.75% from its lowest and -1.30% from its highest.2,257.0
2,304.0
2,274.0
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 HERMES INTL in 1H shows a strongly overall bullish trend. 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 are moderate given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2,058.8 | 2,094.0 | 2,231.3 | 2,274.0 | 2,333.0 | 2,388.0 |
| Change (%) | -9.46% | -7.92% | -1.88% | - | +2.59% | +5.01% |
| Change | -215.2 | -180.0 | -42.7 | - | +59.0 | +114.0 |
| Level | Minor | Minor | Major | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,151.3 | 2,179.7 | 2,218.3 | 2,246.7 | 2,285.3 | 2,313.7 | 2,352.3 |
| Camarilla | 2,238.6 | 2,244.7 | 2,250.9 | 2,257.0 | 2,263.1 | 2,269.3 | 2,275.4 |
| Woodie | 2,156.5 | 2,182.3 | 2,223.5 | 2,249.3 | 2,290.5 | 2,316.3 | 2,357.5 |
| Fibonacci | 2,179.7 | 2,205.3 | 2,221.1 | 2,246.7 | 2,272.3 | 2,288.1 | 2,313.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,908.3 | 1,985.7 | 2,122.3 | 2,199.7 | 2,336.3 | 2,413.7 | 2,550.3 |
| Camarilla | 2,200.2 | 2,219.8 | 2,239.4 | 2,259.0 | 2,278.6 | 2,298.2 | 2,317.9 |
| Woodie | 1,938.0 | 2,000.5 | 2,152.0 | 2,214.5 | 2,366.0 | 2,428.5 | 2,580.0 |
| Fibonacci | 1,985.7 | 2,067.4 | 2,117.9 | 2,199.7 | 2,281.4 | 2,331.9 | 2,413.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,743.7 | 1,850.3 | 1,957.7 | 2,064.3 | 2,171.7 | 2,278.3 | 2,385.7 |
| Camarilla | 2,006.2 | 2,025.8 | 2,045.4 | 2,065.0 | 2,084.6 | 2,104.2 | 2,123.9 |
| Woodie | 1,744.0 | 1,850.5 | 1,958.0 | 2,064.5 | 2,172.0 | 2,278.5 | 2,386.0 |
| Fibonacci | 1,850.3 | 1,932.1 | 1,982.6 | 2,064.3 | 2,146.1 | 2,196.6 | 2,278.3 |
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): | 57.00 | |
| MACD (12,26,9): | 6.2000 | |
| Directional Movement: | 10.7 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 2,269.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,249.9 | |
| Elder Ray (13): | 7.4 | |
| Super Trend (3,10): | 2,236.5 | |
| Zig ZAG (10): | 2,273.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 60.20 | |
| TEMA (21): | 2,267.1 | |
| Williams %R (14): | -39.20 | |
| Chande Momentum Oscillator (20): | 33.0 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.50 |
| MA7: | 2,241.4 | |
| MA20: | 2,117.9 | |
| MA50: | 2,100.5 | |
| MA100: | 2,076.5 | |
| MAexp7: | 2,268.5 | |
| MAexp20: | 2,261.1 | |
| MAexp50: | 2,240.4 | |
| MAexp100: | 2,196.9 | |
| Price / MA7: | +1.45% | |
| Price / MA20: | +7.37% | |
| Price / MA50: | +8.26% | |
| Price / MA100: | +9.51% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | +1.50% | |
| Price / MAexp100: | +3.51% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on HERMES INTL. At the time of publication of this analysis, the latest news was as follows:
- Hermès International : Shares and voting rights as of 30th November 2024
- Federated Hermes Premier Municipal Income Fund declares dividend and announces new Trustees
- Hermès International: Shares and voting rights as of 31 October 2024
- Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
- Federated Hermes Premier Municipal Income Fund declares dividend
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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