OVH GROUP

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	OVH
ISIN:	FR0014005HJ9

OVH GROUP - Weekly - Technical analysis published on 09/01/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

56%

39%

My opinion

Bearish under 7.033 EUR

My targets

5.503 EUR (-10.81%)

4.538 EUR (-26.45%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OVH GROUP as long as the price remains well below 7.033 EUR. The next bearish objective for sellers is set at 5.503 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.538 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.4

Comment on the analysis

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 pierrott. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

OVH GROUP rating 6.170 EUR. The price registered an increase of +0.82% over 5 days and was traded between 5.965 EUR and 6.250 EUR over the period. The price is currently at +3.44% from its lowest point and -1.28% from its highest point.

5.965

6.250

6.170

Here is a more detailed summary of the historical variations registered by OVH GROUP:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of OVH GROUP in Weekly shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Weekly

In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	4.538	6.170	10.035	16.245	20.685
Change (%)	-26.45%	-	+62.64%	+163.29%	+235.25%
Change	-1.632	-	+3.865	+10.075	+14.515
Level	Major	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.905	5.990	6.080	6.165	6.255	6.340	6.430
Camarilla	6.122	6.138	6.154	6.170	6.186	6.202	6.218
Woodie	5.908	5.991	6.083	6.166	6.258	6.341	6.433
Fibonacci	5.990	6.057	6.098	6.165	6.232	6.273	6.340

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.540	5.720	5.920	6.100	6.300	6.480	6.680
Camarilla	6.016	6.050	6.085	6.120	6.155	6.190	6.225
Woodie	5.550	5.725	5.930	6.105	6.310	6.485	6.690
Fibonacci	5.720	5.865	5.955	6.100	6.245	6.335	6.480

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.738	5.047	5.503	5.812	6.268	6.577	7.033
Camarilla	5.750	5.820	5.890	5.960	6.030	6.100	6.170
Woodie	4.813	5.084	5.578	5.849	6.343	6.614	7.108
Fibonacci	5.047	5.339	5.519	5.812	6.104	6.284	6.577

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):	45.40
MACD (12,26,9):	-0.6420
Directional Movement:	-7.291
AROON (14):	-7.143
DEMA (21):	5.443
Parabolic SAR (0,02-0,02-0,2):	4.536
Elder Ray (13):	0.069
Super Trend (3,10):	7.717
Zig ZAG (10):	6.170
VORTEX (21):	0.7720
Stochastique (14,3,5):	81.28
TEMA (21):	5.403
Williams %R (14):	-5.95
Chande Momentum Oscillator (20):	0.690
Repulse (5,40,3):	7.2250
ROCnROLL:	-1
TRIX (15,9):	-1.5360
Courbe Coppock:	11.00

MA7:	6.097
MA20:	5.835
MA50:	5.772
MA100:	6.086
MAexp7:	5.931
MAexp20:	6.359
MAexp50:	7.739
MAexp100:	10.431
Price / MA7:	+1.20%
Price / MA20:	+5.74%
Price / MA50:	+6.90%
Price / MA100:	+1.38%
Price / MAexp7:	+4.03%
Price / MAexp20:	-2.97%
Price / MAexp50:	-20.27%
Price / MAexp100:	-40.85%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on OVH GROUP. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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