LACROIX GROUP - Daily - Technical analysis published on 07/12/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 22.53 EUR
My targets
20.54 EUR (-2.65%)
17.74 EUR (-15.94%)
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 LACROIX GROUP. As long as you are under the resistance located at 22.53 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 20.54 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 17.74 EUR as an objective. Crossing it would then enable sellers to target 16.03 EUR. If the resistance 22.53 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
1.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LACROIX GROUP price is 21.10 EUR. The price has increased by +2.48% since the last closing with the lowest point at 20.60 EUR and the highest point at 21.10 EUR. The deviation from the price is +2.43% for the low point and 0% for the high point.20.60
21.10
21.10
Here is a more detailed summary of the historical variations registered by LACROIX GROUP:
Technical
Technical analysis of this Daily chart of LACROIX GROUP indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 2
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 12.49 | 16.03 | 20.54 | 21.10 | 22.53 | 26.02 | 28.14 |
| Change (%) | -40.81% | -24.03% | -2.65% | - | +6.78% | +23.32% | +33.36% |
| Change | -8.61 | -5.07 | -0.56 | - | +1.43 | +4.92 | +7.04 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.82 | 20.01 | 20.31 | 20.50 | 20.80 | 20.99 | 21.29 |
| Camarilla | 20.47 | 20.51 | 20.56 | 20.60 | 20.65 | 20.69 | 20.74 |
| Woodie | 19.87 | 20.04 | 20.36 | 20.53 | 20.85 | 21.02 | 21.34 |
| Fibonacci | 20.01 | 20.20 | 20.32 | 20.50 | 20.69 | 20.81 | 20.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.15 | 18.06 | 18.89 | 19.80 | 20.63 | 21.54 | 22.37 |
| Camarilla | 19.25 | 19.41 | 19.57 | 19.73 | 19.89 | 20.05 | 20.21 |
| Woodie | 17.12 | 18.04 | 18.86 | 19.78 | 20.60 | 21.52 | 22.34 |
| Fibonacci | 18.06 | 18.72 | 19.13 | 19.80 | 20.46 | 20.87 | 21.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.88 | 15.06 | 17.74 | 21.92 | 24.60 | 28.78 | 31.46 |
| Camarilla | 18.52 | 19.15 | 19.78 | 20.41 | 21.04 | 21.67 | 22.30 |
| Woodie | 10.12 | 14.69 | 16.98 | 21.55 | 23.84 | 28.41 | 30.70 |
| Fibonacci | 15.06 | 17.68 | 19.30 | 21.92 | 24.54 | 26.16 | 28.78 |
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): | 49.81 | |
| MACD (12,26,9): | -0.6800 | |
| Directional Movement: | -10.34 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 19.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.15 | |
| Elder Ray (13): | 0.43 | |
| Super Trend (3,10): | 22.06 | |
| Zig ZAG (10): | 21.10 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 86.07 | |
| TEMA (21): | 19.76 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1.27 | |
| Repulse (5,40,3): | 4.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6700 | |
| Courbe Coppock: | 2.84 |
| MA7: | 20.21 | |
| MA20: | 20.14 | |
| MA50: | 22.87 | |
| MA100: | 23.45 | |
| MAexp7: | 20.43 | |
| MAexp20: | 20.74 | |
| MAexp50: | 22.09 | |
| MAexp100: | 23.63 | |
| Price / MA7: | +4.40% | |
| Price / MA20: | +4.77% | |
| Price / MA50: | -7.74% | |
| Price / MA100: | -10.02% | |
| Price / MAexp7: | +3.28% | |
| Price / MAexp20: | +1.74% | |
| Price / MAexp50: | -4.48% | |
| Price / MAexp100: | -10.71% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on LACROIX GROUP at the time of the analysis were as follows:
- LACROIX announces the transfer of its Street Lighting segment to the Environment activity and the project to sell its CITY - Mobility segment (Traffic and V2X).
- LACROIX : First-quarter 2024 revenue of €186.3 million (-4.4%), marked by a high comparative base for Electronics and continued strong momentum for City and Environment divisions.
- LACROIX : Financial calendar 2024.
- LACROIX and AIAC enter into exclusive negotiations for the sale/acquisition of the Road Signs Business Unit.
- LACROIX : 9.9% increase in revenue for the first 9 months of the year.
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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