DEME GROUP - 1H - Technical analysis published on 01/02/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 143.5 EUR
My targets
146.6 EUR (+0.69%)
148.2 EUR (+1.79%)
My analysis
DEME GROUP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 143.5 EUR. The next resistance located at 146.6 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 148.2 EUR. After this resistance, buyers could then target 151.0 EUR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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 DEME GROUP rating is 145.6 EUR. The price has increased by +5.66% since the last closing and was traded between 142.4 EUR and 146.2 EUR over the period. The price is currently at +2.25% from its lowest and -0.41% from its highest.142.4
146.2
145.6
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DEME GROUP in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
White line without lower shadow
Type : Bullish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 135.6 | 137.8 | 143.5 | 145.6 | 146.6 | 148.2 | 151.0 |
| Change (%) | -6.87% | -5.36% | -1.44% | - | +0.69% | +1.79% | +3.71% |
| Change | -10.0 | -7.8 | -2.1 | - | +1.0 | +2.6 | +5.4 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.8 | 133.8 | 135.8 | 136.8 | 138.8 | 139.8 | 141.8 |
| Camarilla | 137.0 | 137.3 | 137.5 | 137.8 | 138.1 | 138.4 | 138.6 |
| Woodie | 133.3 | 134.1 | 136.3 | 137.1 | 139.3 | 140.1 | 142.3 |
| Fibonacci | 133.8 | 135.0 | 135.7 | 136.8 | 138.0 | 138.7 | 139.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.6 | 132.2 | 134.6 | 136.2 | 138.6 | 140.2 | 142.6 |
| Camarilla | 135.9 | 136.3 | 136.6 | 137.0 | 137.4 | 137.7 | 138.1 |
| Woodie | 131.0 | 132.4 | 135.0 | 136.4 | 139.0 | 140.4 | 143.0 |
| Fibonacci | 132.2 | 133.7 | 134.7 | 136.2 | 137.7 | 138.7 | 140.2 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.2 | 123.4 | 130.6 | 140.8 | 148.0 | 158.2 | 165.4 |
| Camarilla | 133.0 | 134.6 | 136.2 | 137.8 | 139.4 | 141.0 | 142.6 |
| Woodie | 111.7 | 122.7 | 129.1 | 140.1 | 146.5 | 157.5 | 163.9 |
| Fibonacci | 123.4 | 130.1 | 134.2 | 140.8 | 147.5 | 151.6 | 158.2 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 82.50 | |
| MACD (12,26,9): | 0.8000 | |
| Directional Movement: | 50.0 | |
| AROON (14): | 28.6 | |
| DEMA (21): | 137.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 135.0 | |
| Elder Ray (13): | 6.2 | |
| Super Trend (3,10): | 139.5 | |
| Zig ZAG (10): | 144.8 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 97.60 | |
| TEMA (21): | 138.6 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 9.2 | |
| Repulse (5,40,3): | 3.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.40 |
| MA7: | 137.9 | |
| MA20: | 141.7 | |
| MA50: | 139.6 | |
| MA100: | 145.7 | |
| MAexp7: | 138.8 | |
| MAexp20: | 137.0 | |
| MAexp50: | 136.8 | |
| MAexp100: | 138.2 | |
| Price / MA7: | +5.58% | |
| Price / MA20: | +2.75% | |
| Price / MA50: | +4.30% | |
| Price / MA100: | -0.07% | |
| Price / MAexp7: | +4.90% | |
| Price / MAexp20: | +6.28% | |
| Price / MAexp50: | +6.43% | |
| Price / MAexp100: | +5.35% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on DEME GROUP at the time of the analysis were as follows:
- DEME awarded inter-array cable and secondary steel contract for Oranjewind Offshore Wind Farm
- Share buyback programme update (update 2 September 2024)
- Half Year Results 2024: strong performance in all segments underpins record year outlook
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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