OVH GROUP - 1H - Technical analysis published on 09/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 6.084 EUR
My targets
6.280 EUR (+1.78%)
6.577 EUR (+6.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OVH GROUP as long as the price remains well above 6.084 EUR. The buyers' bullish objective is set at 6.280 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.577 EUR. If there is any crossing, the next objective would be the resistance located at 8.960 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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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 +0.65% on the session and was traded between 6.075 EUR and 6.250 EUR over the period. The price is currently at +1.56% from its lowest and -1.28% from its highest.6.075
6.250
6.170
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of OVH GROUP in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.660 | 5.966 | 6.084 | 6.170 | 6.280 | 8.960 | 10.035 |
| Change (%) | -8.27% | -3.31% | -1.39% | - | +1.78% | +45.22% | +62.64% |
| Change | -0.510 | -0.204 | -0.086 | - | +0.110 | +2.790 | +3.865 |
| Level | Minor | Minor | 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 | 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 | 5.722 | 5.843 | 6.007 | 6.128 | 6.292 | 6.413 | 6.577 |
| Camarilla | 6.092 | 6.118 | 6.144 | 6.170 | 6.196 | 6.222 | 6.248 |
| Woodie | 5.743 | 5.854 | 6.028 | 6.139 | 6.313 | 6.424 | 6.598 |
| Fibonacci | 5.843 | 5.952 | 6.020 | 6.128 | 6.237 | 6.305 | 6.413 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.52 | |
| MACD (12,26,9): | 0.0290 | |
| Directional Movement: | 20.085 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 6.160 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.035 | |
| Elder Ray (13): | 0.032 | |
| Super Trend (3,10): | 6.082 | |
| Zig ZAG (10): | 6.170 | |
| VORTEX (21): | 1.1220 | |
| Stochastique (14,3,5): | 76.19 | |
| TEMA (21): | 6.180 | |
| Williams %R (14): | -45.71 | |
| Chande Momentum Oscillator (20): | 0.035 | |
| Repulse (5,40,3): | 0.1640 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0470 | |
| Courbe Coppock: | 2.49 |
| MA7: | 6.097 | |
| MA20: | 5.835 | |
| MA50: | 5.772 | |
| MA100: | 6.086 | |
| MAexp7: | 6.164 | |
| MAexp20: | 6.127 | |
| MAexp50: | 6.089 | |
| MAexp100: | 6.023 | |
| Price / MA7: | +1.20% | |
| Price / MA20: | +5.74% | |
| Price / MA50: | +6.90% | |
| Price / MA100: | +1.38% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +1.33% | |
| Price / MAexp100: | +2.44% |
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:
- With the Grand Opening of Its New Strasbourg Datacenter, OVHcloud Unveils Its Latest Generation of Hyper-resilient and Sustainable Datacenters
- OVH Groupe: Total Voting Rights and Share Capital as of 31 August 2022
- OVHcloud: Press Release
- OVH Groupe: Total Voting Rights and Share Capital as of 31 July 2022
- OVH Groupe: Total Voting Rights and Share Capital as of 30 June 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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