LOREAL - 1H - Technical analysis published on 08/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 387.10 EUR
My targets
374.49 EUR (-1.19%)
364.08 EUR (-3.94%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LOREAL as long as the price remains well below 387.10 EUR. The sellers' bearish objective is set at 374.49 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 364.08 EUR. In case of crossing, the next objective would be the support located at 340.26 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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.
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Additional analysis
Quotes
The LOREAL price is 379.00 EUR. The price registered a decrease of -0.54% on the session with the lowest point at 374.00 EUR and the highest point at 383.30 EUR. The deviation from the price is +1.34% for the low point and -1.12% for the high point.374.00
383.30
379.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LOREAL in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 314.32 | 340.26 | 374.49 | 379.00 | 387.10 | 394.04 | 402.82 |
| Change (%) | -17.07% | -10.22% | -1.19% | - | +2.14% | +3.97% | +6.28% |
| Change | -64.68 | -38.74 | -4.51 | - | +8.10 | +15.04 | +23.82 |
| Level | Minor | Minor | Major | - | Minor | Minor | 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 | 367.30 | 373.25 | 377.15 | 383.10 | 387.00 | 392.95 | 396.85 |
| Camarilla | 378.34 | 379.24 | 380.15 | 381.05 | 381.95 | 382.86 | 383.76 |
| Woodie | 366.28 | 372.74 | 376.13 | 382.59 | 385.98 | 392.44 | 395.83 |
| Fibonacci | 373.25 | 377.01 | 379.34 | 383.10 | 386.86 | 389.19 | 392.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 348.97 | 364.08 | 372.57 | 387.68 | 396.17 | 411.28 | 419.77 |
| Camarilla | 374.56 | 376.72 | 378.89 | 381.05 | 383.21 | 385.38 | 387.54 |
| Woodie | 345.65 | 362.43 | 369.25 | 386.03 | 392.85 | 409.63 | 416.45 |
| Fibonacci | 364.08 | 373.10 | 378.67 | 387.68 | 396.70 | 402.27 | 411.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 356.33 | 371.72 | 386.18 | 401.57 | 416.03 | 431.42 | 445.88 |
| Camarilla | 392.44 | 395.18 | 397.91 | 400.65 | 403.39 | 406.12 | 408.86 |
| Woodie | 355.88 | 371.49 | 385.73 | 401.34 | 415.58 | 431.19 | 445.43 |
| Fibonacci | 371.72 | 383.12 | 390.16 | 401.57 | 412.97 | 420.01 | 431.42 |
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): | 32.00 | |
| MACD (12,26,9): | -3.8000 | |
| Directional Movement: | -19.05 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 379.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 381.55 | |
| Elder Ray (13): | -2.68 | |
| Super Trend (3,10): | 388.78 | |
| Zig ZAG (10): | 379.55 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 36.07 | |
| TEMA (21): | 377.74 | |
| Williams %R (14): | -63.55 | |
| Chande Momentum Oscillator (20): | -7.50 | |
| Repulse (5,40,3): | -0.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 4.80 |
| MA7: | 390.39 | |
| MA20: | 399.00 | |
| MA50: | 421.72 | |
| MA100: | 427.64 | |
| MAexp7: | 380.33 | |
| MAexp20: | 384.34 | |
| MAexp50: | 389.59 | |
| MAexp100: | 394.42 | |
| Price / MA7: | -2.92% | |
| Price / MA20: | -5.01% | |
| Price / MA50: | -10.13% | |
| Price / MA100: | -11.37% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -1.39% | |
| Price / MAexp50: | -2.72% | |
| Price / MAexp100: | -3.91% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on LOREAL at the time of the generation of this analysis was as follows:
- Availability of the 2024 half-year Financial report
- 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
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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