DEME GROUP - 1H - Technical analysis published on 02/03/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 131.1 EUR
My targets
138.4 EUR (+1.91%)
143.5 EUR (+5.67%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on DEME GROUP. This is a positive signal for buyers. As long as the price remains above 131.1 EUR, a purchase could be considered. The first bullish objective is located at 138.4 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 143.5 EUR as an objective. Crossing it would then enable buyers to target 149.8 EUR. In the event of a return below 131.1 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5.7
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Additional analysis
Quotes
The DEME GROUP price is 135.8 EUR. The price registered an increase of +4.46% on the session and was between 132.4 EUR and 136.4 EUR. This implies that the price is at +2.57% from its lowest and at -0.44% from its highest.132.4
136.4
135.8
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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
Technical analysis of this 1H chart of DEME GROUP indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 128.2 | 131.1 | 135.6 | 135.8 | 138.4 | 143.5 | 149.8 |
| Change (%) | -5.60% | -3.46% | -0.15% | - | +1.91% | +5.67% | +10.31% |
| Change | -7.6 | -4.7 | -0.2 | - | +2.6 | +7.7 | +14.0 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Major |
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 | 129.3 | 130.9 | 133.3 | 134.9 | 137.3 | 138.9 | 141.3 |
| Camarilla | 134.7 | 135.1 | 135.4 | 135.8 | 136.2 | 136.5 | 136.9 |
| Woodie | 129.8 | 131.1 | 133.8 | 135.1 | 137.8 | 139.1 | 141.8 |
| Fibonacci | 130.9 | 132.4 | 133.3 | 134.9 | 136.4 | 137.3 | 138.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.7 | 120.7 | 124.7 | 132.7 | 136.7 | 144.7 | 148.7 |
| Camarilla | 125.5 | 126.6 | 127.7 | 128.8 | 129.9 | 131.0 | 132.1 |
| Woodie | 110.8 | 119.7 | 122.8 | 131.7 | 134.8 | 143.7 | 146.8 |
| Fibonacci | 120.7 | 125.3 | 128.1 | 132.7 | 137.3 | 140.1 | 144.7 |
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 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): | 69.90 | |
| MACD (12,26,9): | 1.6000 | |
| Directional Movement: | 26.1 | |
| AROON (14): | 50.0 | |
| DEMA (21): | 134.8 | |
| Parabolic SAR (0,02-0,02-0,2): | 131.5 | |
| Elder Ray (13): | 1.9 | |
| Super Trend (3,10): | 132.7 | |
| Zig ZAG (10): | 135.8 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 88.10 | |
| TEMA (21): | 136.1 | |
| Williams %R (14): | -9.10 | |
| Chande Momentum Oscillator (20): | 5.8 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 7.80 |
| MA7: | 130.2 | |
| MA20: | 137.3 | |
| MA50: | 140.7 | |
| MA100: | 141.1 | |
| MAexp7: | 135.0 | |
| MAexp20: | 133.0 | |
| MAexp50: | 132.0 | |
| MAexp100: | 133.3 | |
| Price / MA7: | +4.30% | |
| Price / MA20: | -1.09% | |
| Price / MA50: | -3.48% | |
| Price / MA100: | -3.76% | |
| Price / MAexp7: | +0.59% | |
| Price / MAexp20: | +2.11% | |
| Price / MAexp50: | +2.88% | |
| Price / MAexp100: | +1.88% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on DEME GROUP at the time of the generation of this analysis was as follows:
- DEME secures contracts for Nordlicht 1 and 2 offshore wind farms in Germany
- DEME secures contract to build access channel linking port of Le Havre with Seine river
- 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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