GROUPE OKWIND - Daily - Technical analysis published on 03/04/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 18.94 EUR
My targets
21.53 EUR (+8.19%)
24.52 EUR (+23.22%)
My analysis
GROUPE OKWIND is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 18.94 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 21.53 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 24.52 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 26.07 EUR. Beware of a possible return to under the support located at 18.94 EUR which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.8
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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 19.90 EUR. The price is lower by -0.50% since the last closing and was traded between 19.90 EUR and 20.00 EUR over the period. The price is currently at 0% from its lowest and -0.50% from its highest.19.90
20.00
19.90
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GROUPE OKWIND in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, 14 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 : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 17.48 | 18.94 | 19.90 | 19.98 | 21.53 | 24.52 |
| Change (%) | -12.16% | -4.82% | - | +0.40% | +8.19% | +23.22% |
| Change | -2.42 | -0.96 | - | +0.08 | +1.63 | +4.62 |
| Level | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.25 | 19.40 | 19.70 | 19.85 | 20.15 | 20.30 | 20.60 |
| Camarilla | 19.88 | 19.92 | 19.96 | 20.00 | 20.04 | 20.08 | 20.12 |
| Woodie | 19.33 | 19.44 | 19.78 | 19.89 | 20.23 | 20.34 | 20.68 |
| Fibonacci | 19.40 | 19.57 | 19.68 | 19.85 | 20.02 | 20.13 | 20.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.00 | 18.40 | 19.20 | 19.60 | 20.40 | 20.80 | 21.60 |
| Camarilla | 19.67 | 19.78 | 19.89 | 20.00 | 20.11 | 20.22 | 20.33 |
| Woodie | 18.20 | 18.50 | 19.40 | 19.70 | 20.60 | 20.90 | 21.80 |
| Fibonacci | 18.40 | 18.86 | 19.14 | 19.60 | 20.06 | 20.34 | 20.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.10 | 16.30 | 18.00 | 19.20 | 20.90 | 22.10 | 23.80 |
| Camarilla | 18.90 | 19.17 | 19.43 | 19.70 | 19.97 | 20.23 | 20.50 |
| Woodie | 15.35 | 16.43 | 18.25 | 19.33 | 21.15 | 22.23 | 24.05 |
| Fibonacci | 16.30 | 17.41 | 18.09 | 19.20 | 20.31 | 20.99 | 22.10 |
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): | 56.07 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 5.42 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 19.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.17 | |
| Elder Ray (13): | 0.55 | |
| Super Trend (3,10): | 18.26 | |
| Zig ZAG (10): | 19.90 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 98.67 | |
| TEMA (21): | 19.52 | |
| Williams %R (14): | -4.00 | |
| Chande Momentum Oscillator (20): | 0.95 | |
| Repulse (5,40,3): | 2.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 3.83 |
| MA7: | 19.61 | |
| MA20: | 19.19 | |
| MA50: | 19.62 | |
| MA100: | 19.89 | |
| MAexp7: | 19.60 | |
| MAexp20: | 19.36 | |
| MAexp50: | 19.55 | |
| MAexp100: | 19.96 | |
| Price / MA7: | +1.48% | |
| Price / MA20: | +3.70% | |
| Price / MA50: | +1.43% | |
| Price / MA100: | +0.05% | |
| Price / MAexp7: | +1.53% | |
| Price / MAexp20: | +2.79% | |
| Price / MAexp50: | +1.79% | |
| Price / MAexp100: | -0.30% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on GROUPE OKWIND at the time of the generation of this analysis 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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