LOREAL - Daily - Technical analysis published on 01/08/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 427.10 EUR
My targets
443.55 EUR (+1.73%)
451.12 EUR (+3.47%)
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 427.10 EUR remains possible. It is advisable to trade LOREAL with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 427.10 EUR. The next bullish objective for buyers is set at 443.55 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 451.12 EUR. PS: if there is a bearish break in the support located at 427.10 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, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
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 LOREAL price is 436.00 EUR. On the day, this instrument gained +0.40% with the lowest point at 432.30 EUR and the highest point at 436.40 EUR. The deviation from the price is +0.86% for the low point and -0.09% for the high point.432.30
436.40
436.00
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of LOREAL indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 397.75 | 410.05 | 427.10 | 436.00 | 436.46 | 443.55 | 451.12 |
| Change (%) | -8.77% | -5.95% | -2.04% | - | +0.11% | +1.73% | +3.47% |
| Change | -38.25 | -25.95 | -8.90 | - | +0.46 | +7.55 | +15.12 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 423.97 | 426.58 | 430.42 | 433.03 | 436.87 | 439.48 | 443.32 |
| Camarilla | 432.48 | 433.07 | 433.66 | 434.25 | 434.84 | 435.43 | 436.02 |
| Woodie | 424.58 | 426.89 | 431.03 | 433.34 | 437.48 | 439.79 | 443.93 |
| Fibonacci | 426.58 | 429.05 | 430.57 | 433.03 | 435.50 | 437.02 | 439.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 399.43 | 414.32 | 424.28 | 439.17 | 449.13 | 464.02 | 473.98 |
| Camarilla | 427.42 | 429.69 | 431.97 | 434.25 | 436.53 | 438.81 | 441.08 |
| Woodie | 396.98 | 413.09 | 421.83 | 437.94 | 446.68 | 462.79 | 471.53 |
| Fibonacci | 414.32 | 423.81 | 429.67 | 439.17 | 448.66 | 454.52 | 464.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 409.85 | 421.75 | 436.20 | 448.10 | 462.55 | 474.45 | 488.90 |
| Camarilla | 443.40 | 445.82 | 448.24 | 450.65 | 453.07 | 455.48 | 457.90 |
| Woodie | 411.13 | 422.39 | 437.48 | 448.74 | 463.83 | 475.09 | 490.18 |
| Fibonacci | 421.75 | 431.82 | 438.03 | 448.10 | 458.17 | 464.38 | 474.45 |
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): | 43.87 | |
| MACD (12,26,9): | 2.2500 | |
| Directional Movement: | -3.59 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 445.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 456.81 | |
| Elder Ray (13): | -7.30 | |
| Super Trend (3,10): | 433.44 | |
| Zig ZAG (10): | 435.35 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 16.14 | |
| TEMA (21): | 441.12 | |
| Williams %R (14): | -79.55 | |
| Chande Momentum Oscillator (20): | -11.95 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 1.55 |
| MA7: | 441.70 | |
| MA20: | 444.41 | |
| MA50: | 428.96 | |
| MA100: | 412.99 | |
| MAexp7: | 439.81 | |
| MAexp20: | 440.97 | |
| MAexp50: | 431.11 | |
| MAexp100: | 420.63 | |
| Price / MA7: | -1.29% | |
| Price / MA20: | -1.89% | |
| Price / MA50: | +1.64% | |
| Price / MA100: | +5.57% | |
| Price / MAexp7: | -0.87% | |
| Price / MAexp20: | -1.13% | |
| Price / MAexp50: | +1.13% | |
| Price / MAexp100: | +3.65% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on LOREAL at the time of the analysis were as follows:
- Disclosure of total number of voting rights and number of shares in the capital at November 30, 2023
- Disclosure of total number of voting rights and number of shares in the capital at August 31, 2023
- 2023 Half-Year Results
- L’Oréal successfully prices a 2 Billion euro dual tranche bond
- L’Oréal Fund for Nature Regeneration accelerates biodiversity preservation efforts with three new investments
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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