IMERYS - 1H - Technical analysis published on 06/18/2024 (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
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
6%
22%
My opinion
Bearish under 36.85 EUR
My targets
34.62 EUR (-3.99%)
34.00 EUR (-5.71%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on IMERYS. As long as you are under the resistance located at 36.85 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 34.62 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 34.00 EUR as an objective. Crossing it would then enable sellers to target 33.05 EUR. If the resistance 36.85 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IMERYS rating 36.06 EUR. The price has increased by +3.68% since the last closing and was traded between 35.28 EUR and 36.12 EUR over the period. The price is currently at +2.21% from its lowest and -0.17% from its highest.35.28
36.12
36.06
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IMERYS:
Technical
Technical analysis of IMERYS in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. 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. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 33.05 | 34.00 | 34.62 | 36.06 | 36.85 | 37.28 | 38.08 |
| Change (%) | -8.35% | -5.71% | -3.99% | - | +2.19% | +3.38% | +5.60% |
| Change | -3.01 | -2.06 | -1.44 | - | +0.79 | +1.22 | +2.02 |
| Level | Major | Minor | Major | - | Major | Intermediate | Major |
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 | 33.71 | 34.07 | 34.43 | 34.79 | 35.15 | 35.51 | 35.87 |
| Camarilla | 34.58 | 34.65 | 34.71 | 34.78 | 34.85 | 34.91 | 34.98 |
| Woodie | 33.70 | 34.07 | 34.42 | 34.79 | 35.14 | 35.51 | 35.86 |
| Fibonacci | 34.07 | 34.35 | 34.52 | 34.79 | 35.07 | 35.24 | 35.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.65 | 32.15 | 33.51 | 36.01 | 37.37 | 39.87 | 41.23 |
| Camarilla | 33.82 | 34.17 | 34.53 | 34.88 | 35.23 | 35.59 | 35.94 |
| Woodie | 29.09 | 31.87 | 32.95 | 35.73 | 36.81 | 39.59 | 40.67 |
| Fibonacci | 32.15 | 33.62 | 34.53 | 36.01 | 37.48 | 38.39 | 39.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.05 | 29.11 | 32.43 | 34.49 | 37.81 | 39.87 | 43.19 |
| Camarilla | 34.28 | 34.77 | 35.27 | 35.76 | 36.25 | 36.75 | 37.24 |
| Woodie | 27.69 | 29.43 | 33.07 | 34.81 | 38.45 | 40.19 | 43.83 |
| Fibonacci | 29.11 | 31.16 | 32.43 | 34.49 | 36.54 | 37.81 | 39.87 |
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): | 55.18 | |
| MACD (12,26,9): | -0.2600 | |
| Directional Movement: | 5.24 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 35.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.78 | |
| Elder Ray (13): | 0.45 | |
| Super Trend (3,10): | 35.09 | |
| Zig ZAG (10): | 36.06 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 95.61 | |
| TEMA (21): | 35.39 | |
| Williams %R (14): | -3.57 | |
| Chande Momentum Oscillator (20): | 1.24 | |
| Repulse (5,40,3): | 0.9500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 2.41 |
| MA7: | 36.61 | |
| MA20: | 36.26 | |
| MA50: | 33.22 | |
| MA100: | 31.41 | |
| MAexp7: | 35.68 | |
| MAexp20: | 35.65 | |
| MAexp50: | 36.32 | |
| MAexp100: | 36.55 | |
| Price / MA7: | -1.50% | |
| Price / MA20: | -0.55% | |
| Price / MA50: | +8.55% | |
| Price / MA100: | +14.80% | |
| Price / MAexp7: | +1.07% | |
| Price / MAexp20: | +1.15% | |
| Price / MAexp50: | -0.72% | |
| Price / MAexp100: | -1.34% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on IMERYS. At the time of publication of this analysis, the latest news was 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
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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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