IMERYS - 1H - Technical analysis published on 10/24/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 24.60 EUR
My targets
23.15 EUR (-4.98%)
21.97 EUR (-9.82%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IMERYS as long as the price remains well below 24.60 EUR. The sellers' bearish objective is set at 23.15 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.97 EUR. In case of crossing, the next objective would be the support located at 19.40 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
0
10
5.4
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Additional analysis
Quotes
The IMERYS price is 24.36 EUR. The price is lower by -0.08% since the last closing and was traded between 24.16 EUR and 24.44 EUR over the period. The price is currently at +0.83% from its lowest and -0.33% from its highest.24.16
24.44
24.36
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IMERYS chart shows a sharp 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.
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.92 | 16.48 | 19.40 | 24.36 | 24.60 | 24.90 | 26.32 |
| Change (%) | -46.96% | -32.35% | -20.36% | - | +0.99% | +2.22% | +8.05% |
| Change | -11.44 | -7.88 | -4.96 | - | +0.24 | +0.54 | +1.96 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.85 | 23.39 | 23.89 | 24.43 | 24.93 | 25.47 | 25.97 |
| Camarilla | 24.09 | 24.19 | 24.29 | 24.38 | 24.48 | 24.57 | 24.67 |
| Woodie | 22.82 | 23.38 | 23.86 | 24.42 | 24.90 | 25.46 | 25.94 |
| Fibonacci | 23.39 | 23.79 | 24.04 | 24.43 | 24.83 | 25.08 | 25.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.15 | 23.87 | 24.43 | 25.15 | 25.71 | 26.43 | 26.99 |
| Camarilla | 24.63 | 24.75 | 24.86 | 24.98 | 25.10 | 25.22 | 25.33 |
| Woodie | 23.06 | 23.83 | 24.34 | 25.11 | 25.62 | 26.39 | 26.90 |
| Fibonacci | 23.87 | 24.36 | 24.66 | 25.15 | 25.64 | 25.94 | 26.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.97 | 24.69 | 26.35 | 29.07 | 30.73 | 33.45 | 35.11 |
| Camarilla | 26.80 | 27.20 | 27.60 | 28.00 | 28.40 | 28.80 | 29.21 |
| Woodie | 21.43 | 24.43 | 25.81 | 28.81 | 30.19 | 33.19 | 34.57 |
| Fibonacci | 24.69 | 26.37 | 27.40 | 29.07 | 30.75 | 31.78 | 33.45 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.49 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -5.56 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 24.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.94 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 24.57 | |
| Zig ZAG (10): | 24.34 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 38.43 | |
| TEMA (21): | 24.15 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 0.5100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 3.94 |
| MA7: | 24.92 | |
| MA20: | 26.10 | |
| MA50: | 28.50 | |
| MA100: | 30.83 | |
| MAexp7: | 24.28 | |
| MAexp20: | 24.42 | |
| MAexp50: | 24.81 | |
| MAexp100: | 25.38 | |
| Price / MA7: | -2.25% | |
| Price / MA20: | -6.67% | |
| Price / MA50: | -14.53% | |
| Price / MA100: | -20.99% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -1.81% | |
| Price / MAexp100: | -4.02% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on IMERYS at the time of the analysis were as follows:
- Imerys Enters Long-Term Partnership with TotalEnergies for Renewable Power at its Santa Barbara County Facility
- TotalEnergies ENEOS Signs Solar Rooftop Project With Imerys, a world's leading supplier of mineral-based specialty solutions
- Imerys to Sell its Sahuarita Arizona Operation to Cimbar Performance Minerals
- IMERYS RELEASES NEW PRODUCT: ImerShield™ Flame Retardants
- Lomiko Metals Neighbour, Multinational Conglomerate Imerys Carbon & Graphite, Adds New Graphite Battery Product and Increase Prices for 2020
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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