GROLLEAU - Daily - Technical analysis published on 08/02/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 8.53 EUR
My targets
9.32 EUR (+3.56%)
9.50 EUR (+5.56%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 8.53 EUR remains possible. It is advisable to trade GROLLEAU with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 8.53 EUR. The next bullish objective for buyers is set at 9.32 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.50 EUR. If there is any crossing, the next objective would be the resistance located at 9.66 EUR. PS: if there is a bearish break in the support located at 8.53 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
4.1
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Additional analysis
Quotes
The GROLLEAU price is 9.00 EUR. On the day, this instrument lost -2.17% and was traded between 9.00 EUR and 9.20 EUR over the period. The price is currently at 0% from its lowest and -2.17% from its highest.9.00
9.20
9.00
Here is a more detailed summary of the historical variations registered by GROLLEAU:
Technical
Technical analysis of GROLLEAU in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
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 | 7.60 | 8.32 | 8.53 | 9.00 | 9.09 | 9.32 | 9.50 |
| Change (%) | -15.56% | -7.56% | -5.22% | - | +1.00% | +3.56% | +5.56% |
| Change | -1.40 | -0.68 | -0.47 | - | +0.09 | +0.32 | +0.50 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 8.67 | 8.77 | 8.99 | 9.09 | 9.31 | 9.41 | 9.63 |
| Camarilla | 9.11 | 9.14 | 9.17 | 9.20 | 9.23 | 9.26 | 9.29 |
| Woodie | 8.72 | 8.80 | 9.04 | 9.12 | 9.36 | 9.44 | 9.68 |
| Fibonacci | 8.77 | 8.90 | 8.97 | 9.09 | 9.22 | 9.29 | 9.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.56 | 8.72 | 8.96 | 9.12 | 9.36 | 9.52 | 9.76 |
| Camarilla | 9.09 | 9.13 | 9.16 | 9.20 | 9.24 | 9.27 | 9.31 |
| Woodie | 8.60 | 8.74 | 9.00 | 9.14 | 9.40 | 9.54 | 9.80 |
| Fibonacci | 8.72 | 8.87 | 8.97 | 9.12 | 9.27 | 9.37 | 9.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.81 | 8.13 | 8.67 | 8.99 | 9.53 | 9.85 | 10.39 |
| Camarilla | 8.96 | 9.04 | 9.12 | 9.20 | 9.28 | 9.36 | 9.44 |
| Woodie | 7.91 | 8.19 | 8.77 | 9.05 | 9.63 | 9.91 | 10.49 |
| Fibonacci | 8.13 | 8.46 | 8.67 | 8.99 | 9.32 | 9.53 | 9.85 |
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): | 49.73 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 4.35 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 9.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.88 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 9.57 | |
| Zig ZAG (10): | 9.00 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 79.49 | |
| TEMA (21): | 9.07 | |
| Williams %R (14): | -38.46 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 1.8700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 5.97 |
| MA7: | 9.07 | |
| MA20: | 8.95 | |
| MA50: | 9.02 | |
| MA100: | 8.91 | |
| MAexp7: | 9.08 | |
| MAexp20: | 9.02 | |
| MAexp50: | 8.99 | |
| MAexp100: | 8.98 | |
| Price / MA7: | -0.77% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | -0.22% | |
| Price / MA100: | +1.01% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.22% |
Quotes :
-
15 min delayed data
-
Euronext Paris
This member declared not having a position on this financial instrument or a related financial instrument.
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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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