MAJOREL GROUP LUX - 1H - Technical analysis published on 04/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
MAJOREL GROUP LUX Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 20.53 EUR
My targets
21.20 EUR (+1.19%)
22.99 EUR (+9.74%)
My analysis
The bullish trend is currently very strong on MAJOREL GROUP LUX. As long as the price remains above the support at 20.53 EUR, you could try to benefit from the boom. The first bullish objective is located at 21.20 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 22.99 EUR as an objective. Crossing it would then enable buyers to target 23.95 EUR. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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 MAJOREL GROUP LUX price is 20.95 EUR. On the day, this instrument gained +3.20% with the lowest point at 20.10 EUR and the highest point at 21.20 EUR. The deviation from the price is +4.23% for the low point and -1.18% for the high point.20.10
21.20
20.95
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAJOREL GROUP LUX:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MAJOREL GROUP LUX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% 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.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.15 | 20.53 | 20.85 | 20.95 | 21.20 | 22.99 | 23.95 |
| Change (%) | -3.82% | -2.00% | -0.48% | - | +1.19% | +9.74% | +14.32% |
| Change | -0.80 | -0.42 | -0.10 | - | +0.25 | +2.04 | +3.00 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.80 | 19.26 | 19.78 | 20.24 | 20.76 | 21.22 | 21.74 |
| Camarilla | 20.03 | 20.12 | 20.21 | 20.30 | 20.39 | 20.48 | 20.57 |
| Woodie | 18.83 | 19.28 | 19.81 | 20.26 | 20.79 | 21.24 | 21.77 |
| Fibonacci | 19.26 | 19.63 | 19.87 | 20.24 | 20.61 | 20.85 | 21.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.19 | 18.67 | 19.05 | 19.53 | 19.91 | 20.39 | 20.77 |
| Camarilla | 19.20 | 19.28 | 19.36 | 19.44 | 19.52 | 19.60 | 19.68 |
| Woodie | 18.15 | 18.65 | 19.01 | 19.51 | 19.87 | 20.37 | 20.73 |
| Fibonacci | 18.67 | 19.00 | 19.20 | 19.53 | 19.86 | 20.06 | 20.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.50 | 14.55 | 17.45 | 20.50 | 23.40 | 26.45 | 29.35 |
| Camarilla | 18.71 | 19.26 | 19.81 | 20.35 | 20.90 | 21.44 | 21.99 |
| Woodie | 11.43 | 14.51 | 17.38 | 20.46 | 23.33 | 26.41 | 29.28 |
| Fibonacci | 14.55 | 16.82 | 18.23 | 20.50 | 22.77 | 24.18 | 26.45 |
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): | 67.20 | |
| MACD (12,26,9): | 0.3500 | |
| Directional Movement: | 20.32 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 20.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.80 | |
| Elder Ray (13): | 0.54 | |
| Super Trend (3,10): | 20.16 | |
| Zig ZAG (10): | 21.00 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 95.37 | |
| TEMA (21): | 20.96 | |
| Williams %R (14): | -11.11 | |
| Chande Momentum Oscillator (20): | 0.80 | |
| Repulse (5,40,3): | 2.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 11.51 |
| MA7: | 19.80 | |
| MA20: | 19.84 | |
| MA50: | 20.97 | |
| MA100: | 21.14 | |
| MAexp7: | 20.75 | |
| MAexp20: | 20.31 | |
| MAexp50: | 19.97 | |
| MAexp100: | 19.86 | |
| Price / MA7: | +5.81% | |
| Price / MA20: | +5.59% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | -0.90% | |
| Price / MAexp7: | +0.96% | |
| Price / MAexp20: | +3.15% | |
| Price / MAexp50: | +4.91% | |
| Price / MAexp100: | +5.49% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on MAJOREL GROUP LUX at the time of the analysis were as follows:
- EQS-Adhoc: Majorel Group Luxembourg S.A. : Majorel Reports Double-Digit Performance in FY 2022
- EQS-Adhoc: Majorel Group Luxembourg S.A. : Majorel exceeds its guidance for FY 2022, with like-for-like net revenue growth of +19%
- EQS-News: Majorel Group Luxembourg S.A. : CX Technology Services provider, IST Networks, becomes part of Majorel
- EQS-Adhoc: Majorel Group Luxembourg S.A. : Majorel continues strong momentum with net revenue +23% YOY in Q3 2022
- EQS-Adhoc: Majorel Group Luxembourg S.A. : Majorel and Sitel Group® discontinue discussions on potential merger
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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