GROUPE OKWIND - Daily - Technical analysis published on 01/24/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
50%
6%
44%
My opinion
Bullish above 19.86 EUR
My targets
21.50 EUR (+6.44%)
24.52 EUR (+21.39%)
My analysis
The current short-term bullish acceleration on GROUPE OKWIND should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 19.86 EUR. Short-term buyers will use the resistance located at 21.50 EUR as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 24.52 EUR. Crossing this resistance would then open the door for buyers to target 26.07 EUR. Caution, if there is a return to under 19.86 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GROUPE OKWIND rating 20.20 EUR. The price registered an increase of +0.50% on the session with the lowest point at 20.00 EUR and the highest point at 20.70 EUR. The deviation from the price is +1.00% for the low point and -2.42% for the high point.20.00
20.70
20.20
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
Here is a more detailed summary of the historical variations registered by GROUPE OKWIND:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GROUPE OKWIND in Daily shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.45 | 18.94 | 19.86 | 20.20 | 21.50 | 24.52 | 26.07 |
| Change (%) | -13.61% | -6.24% | -1.68% | - | +6.44% | +21.39% | +29.06% |
| Change | -2.75 | -1.26 | -0.34 | - | +1.30 | +4.32 | +5.87 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
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 | 19.55 | 19.70 | 19.90 | 20.05 | 20.25 | 20.40 | 20.60 |
| Camarilla | 20.00 | 20.04 | 20.07 | 20.10 | 20.13 | 20.16 | 20.20 |
| Woodie | 19.58 | 19.71 | 19.93 | 20.06 | 20.28 | 20.41 | 20.63 |
| Fibonacci | 19.70 | 19.83 | 19.92 | 20.05 | 20.18 | 20.27 | 20.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.87 | 18.73 | 19.17 | 20.03 | 20.47 | 21.33 | 21.77 |
| Camarilla | 19.24 | 19.36 | 19.48 | 19.60 | 19.72 | 19.84 | 19.96 |
| Woodie | 17.65 | 18.63 | 18.95 | 19.93 | 20.25 | 21.23 | 21.55 |
| Fibonacci | 18.73 | 19.23 | 19.54 | 20.03 | 20.53 | 20.84 | 21.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.18 | 17.27 | 18.43 | 19.52 | 20.68 | 21.77 | 22.93 |
| Camarilla | 18.98 | 19.19 | 19.39 | 19.60 | 19.81 | 20.01 | 20.22 |
| Woodie | 16.23 | 17.29 | 18.48 | 19.54 | 20.73 | 21.79 | 22.98 |
| Fibonacci | 17.27 | 18.13 | 18.66 | 19.52 | 20.38 | 20.91 | 21.77 |
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): | 52.37 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 10.35 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 20.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.60 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 19.04 | |
| Zig ZAG (10): | 20.20 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 38.64 | |
| TEMA (21): | 20.13 | |
| Williams %R (14): | -54.55 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | -3.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.85 |
| MA7: | 19.99 | |
| MA20: | 20.04 | |
| MA50: | 20.11 | |
| MA100: | 20.01 | |
| MAexp7: | 20.06 | |
| MAexp20: | 20.04 | |
| MAexp50: | 20.10 | |
| MAexp100: | 20.45 | |
| Price / MA7: | +1.05% | |
| Price / MA20: | +0.80% | |
| Price / MA50: | +0.45% | |
| Price / MA100: | +0.95% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +0.80% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | -1.22% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on GROUPE OKWIND. At the time of publication of this analysis, the latest news was as follows:
- Groupe OKwind Reports First-half Revenues of €37.5 Million, up by +178% Vs. First Half 2022
- Groupe OKwind Signs a Strategic Partnership with OSMOSUN® in the Water Treatment Market and Brackish-water Desalination
- Strengthening of the Partnership Between Groupe OKwind and Purecontrol to Accelerate Deployment of Self-Consumption Solutions in the Water and Sanitation Sector
- Groupe OKwind: 2022 Annual Results: Strong Growth in Activity and Significant Improvement in Financial Performance
- Groupe OKwind Announces a Growth of +66% in Its 2022 Revenues to €41.8 Million and Targets €80 Million in Revenues in 2023 With a Year Ahead of the Planned Roadmap
This member declared not having a position on this financial instrument or a related financial instrument.
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