LOREAL - Daily - Technical analysis published on 07/17/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 412.67 EUR
My targets
391.73 EUR (-2.80%)
384.63 EUR (-4.56%)
My analysis
LOREAL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 412.67 EUR. The next support located at 391.73 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 384.63 EUR. Below this support, sellers could then target 374.49 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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
The LOREAL rating is 403.00 EUR. The price has increased by +0.75% since the last closing and was traded between 400.40 EUR and 403.05 EUR over the period. The price is currently at +0.65% from its lowest and -0.01% from its highest.400.40
403.05
403.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this LOREAL chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside Tasuki gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 374.49 | 384.63 | 391.73 | 403.00 | 412.67 | 429.85 | 444.44 |
| Change (%) | -7.07% | -4.56% | -2.80% | - | +2.40% | +6.66% | +10.28% |
| Change | -28.51 | -18.37 | -11.27 | - | +9.67 | +26.85 | +41.44 |
| Level | Major | Minor | Minor | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 395.28 | 397.37 | 398.68 | 400.77 | 402.08 | 404.17 | 405.48 |
| Camarilla | 399.07 | 399.38 | 399.69 | 400.00 | 400.31 | 400.62 | 400.94 |
| Woodie | 394.90 | 397.18 | 398.30 | 400.58 | 401.70 | 403.98 | 405.10 |
| Fibonacci | 397.37 | 398.67 | 399.47 | 400.77 | 402.07 | 402.87 | 404.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 386.62 | 392.23 | 402.42 | 408.03 | 418.22 | 423.83 | 434.02 |
| Camarilla | 408.26 | 409.70 | 411.15 | 412.60 | 414.05 | 415.50 | 416.95 |
| Woodie | 388.90 | 393.38 | 404.70 | 409.18 | 420.50 | 424.98 | 436.30 |
| Fibonacci | 392.23 | 398.27 | 402.00 | 408.03 | 414.07 | 417.80 | 423.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 335.98 | 371.52 | 390.78 | 426.32 | 445.58 | 481.12 | 500.38 |
| Camarilla | 394.98 | 400.00 | 405.03 | 410.05 | 415.07 | 420.10 | 425.12 |
| Woodie | 327.85 | 367.45 | 382.65 | 422.25 | 437.45 | 477.05 | 492.25 |
| Fibonacci | 371.52 | 392.45 | 405.38 | 426.32 | 447.25 | 460.18 | 481.12 |
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): | 35.89 | |
| MACD (12,26,9): | -9.9900 | |
| Directional Movement: | -21.22 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 401.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 398.77 | |
| Elder Ray (13): | -7.71 | |
| Super Trend (3,10): | 423.02 | |
| Zig ZAG (10): | 402.45 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 15.34 | |
| TEMA (21): | 396.71 | |
| Williams %R (14): | -77.88 | |
| Chande Momentum Oscillator (20): | -9.70 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3400 | |
| Courbe Coppock: | 11.35 |
| MA7: | 404.34 | |
| MA20: | 415.45 | |
| MA50: | 436.22 | |
| MA100: | 433.26 | |
| MAexp7: | 405.00 | |
| MAexp20: | 414.50 | |
| MAexp50: | 426.57 | |
| MAexp100: | 429.69 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | -3.00% | |
| Price / MA50: | -7.62% | |
| Price / MA100: | -6.98% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -2.77% | |
| Price / MAexp50: | -5.53% | |
| Price / MAexp100: | -6.21% |
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 May 31, 2024
- L’Oréal announces launch of fourth employee share ownership plan
- 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
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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