LACROIX GROUP - Daily - Technical analysis published on 02/09/2023 (GMT)
- 197
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 31.8 EUR
My targets
35.2 EUR (+6.02%)
38.0 EUR (+14.46%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LACROIX GROUP as long as the price remains well above 31.8 EUR. The buyers' bullish objective is set at 35.2 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 38.0 EUR. If there is any crossing, the next objective would be the resistance located at 45.3 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LACROIX GROUP rating 33.2 EUR. The price registered an increase of +4.40% on the session and was traded between 32.5 EUR and 33.8 EUR over the period. The price is currently at +2.15% from its lowest and -1.78% from its highest.32.5
33.8
33.2
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this LACROIX GROUP chart shows a strongly 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, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.5 | 31.8 | 32.9 | 33.2 | 35.2 | 38.0 | 45.3 |
| Change (%) | -14.16% | -4.22% | -0.90% | - | +6.02% | +14.46% | +36.45% |
| Change | -4.7 | -1.4 | -0.3 | - | +2.0 | +4.8 | +12.1 |
| Level | Intermediate | 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 | 30.1 | 30.5 | 31.1 | 31.5 | 32.1 | 32.5 | 33.1 |
| Camarilla | 31.5 | 31.6 | 31.7 | 31.8 | 31.9 | 32.0 | 32.1 |
| Woodie | 30.3 | 30.6 | 31.3 | 31.6 | 32.3 | 32.6 | 33.3 |
| Fibonacci | 30.5 | 30.9 | 31.1 | 31.5 | 31.9 | 32.1 | 32.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.1 | 28.1 | 30.0 | 31.0 | 32.9 | 33.9 | 35.8 |
| Camarilla | 31.1 | 31.4 | 31.6 | 31.9 | 32.2 | 32.4 | 32.7 |
| Woodie | 27.6 | 28.3 | 30.5 | 31.2 | 33.4 | 34.1 | 36.3 |
| Fibonacci | 28.1 | 29.2 | 29.9 | 31.0 | 32.1 | 32.8 | 33.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.9 | 25.2 | 27.9 | 29.2 | 31.9 | 33.2 | 35.9 |
| Camarilla | 29.4 | 29.8 | 30.1 | 30.5 | 30.9 | 31.2 | 31.6 |
| Woodie | 24.5 | 25.6 | 28.5 | 29.6 | 32.5 | 33.6 | 36.5 |
| Fibonacci | 25.2 | 26.8 | 27.7 | 29.2 | 30.8 | 31.7 | 33.2 |
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): | 80.80 | |
| MACD (12,26,9): | 1.2000 | |
| Directional Movement: | 37.0 | |
| AROON (14): | 100.0 | |
| DEMA (21): | 31.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.9 | |
| Elder Ray (13): | 2.3 | |
| Super Trend (3,10): | 30.6 | |
| Zig ZAG (10): | 33.8 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 93.70 | |
| TEMA (21): | 32.5 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 5.0 | |
| Repulse (5,40,3): | 7.9000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5000 | |
| Courbe Coppock: | 24.80 |
| MA7: | 31.8 | |
| MA20: | 29.8 | |
| MA50: | 28.3 | |
| MA100: | 27.5 | |
| MAexp7: | 31.8 | |
| MAexp20: | 30.3 | |
| MAexp50: | 28.9 | |
| MAexp100: | 28.8 | |
| Price / MA7: | +4.40% | |
| Price / MA20: | +11.41% | |
| Price / MA50: | +17.31% | |
| Price / MA100: | +20.73% | |
| Price / MAexp7: | +4.40% | |
| Price / MAexp20: | +9.57% | |
| Price / MAexp50: | +14.88% | |
| Price / MAexp100: | +15.28% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on LACROIX GROUP at the time of the generation of this analysis was as follows:
- LACROIX exceeds the €700m revenue mar
- The Flemish Region of Belgium has opted for LACROIX and its smart street lighting solution to modernize its road infrastructure
- LACROIX : Intensification of the revenue growth momentum. +61.3% (+21.2% at constant scope) for the 3rd quarter. +41.4% (+9.0% at constant scope) over the first 9 months. Annual revenue target revised upward.
- Lacroix : Availability of the half-year financial report 2022.
- LACROIX : “Intelligent local grid” project celebrates its completion: LACROIX confirms its leading role in smart grids in Germany
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…
Add a comment
Comments
0 comments on the analysis LACROIX GROUP - Daily