ARKEMA - 1H - Technical analysis published on 10/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 79.09 EUR
My targets
80.61 EUR (+1.22%)
85.39 EUR (+7.22%)
My analysis
The bullish trend is currently very strong on ARKEMA. As long as the price remains above the support at 79.09 EUR, you could try to benefit from the boom. The first bullish objective is located at 80.61 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 85.39 EUR as an objective. Crossing it would then enable buyers to target 89.66 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARKEMA rating 79.64 EUR. The price registered a decrease of -0.05% on the session and was between 78.76 EUR and 80.74 EUR. This implies that the price is at +1.12% from its lowest and at -1.36% from its highest.78.76
80.74
79.64
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ARKEMA indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.24 | 77.26 | 79.09 | 79.64 | 80.61 | 89.66 | 99.54 |
| Change (%) | -6.78% | -2.99% | -0.69% | - | +1.22% | +12.58% | +24.99% |
| Change | -5.40 | -2.38 | -0.55 | - | +0.97 | +10.02 | +19.90 |
| Level | Minor | Intermediate | Major | - | Intermediate | 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 | 77.29 | 78.15 | 78.91 | 79.77 | 80.53 | 81.39 | 82.15 |
| Camarilla | 79.24 | 79.38 | 79.53 | 79.68 | 79.83 | 79.98 | 80.13 |
| Woodie | 77.25 | 78.13 | 78.87 | 79.75 | 80.49 | 81.37 | 82.11 |
| Fibonacci | 78.15 | 78.77 | 79.15 | 79.77 | 80.39 | 80.77 | 81.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.85 | 72.01 | 75.03 | 77.19 | 80.21 | 82.37 | 85.39 |
| Camarilla | 76.62 | 77.09 | 77.57 | 78.04 | 78.52 | 78.99 | 79.47 |
| Woodie | 70.27 | 72.23 | 75.45 | 77.41 | 80.63 | 82.59 | 85.81 |
| Fibonacci | 72.01 | 73.99 | 75.22 | 77.19 | 79.17 | 80.40 | 82.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.72 | 60.44 | 67.76 | 78.48 | 85.80 | 96.52 | 103.84 |
| Camarilla | 70.12 | 71.77 | 73.43 | 75.08 | 76.73 | 78.39 | 80.04 |
| Woodie | 48.02 | 59.59 | 66.06 | 77.63 | 84.10 | 95.67 | 102.14 |
| Fibonacci | 60.44 | 67.33 | 71.59 | 78.48 | 85.37 | 89.63 | 96.52 |
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): | 55.20 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 13.25 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 79.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 80.66 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 77.95 | |
| Zig ZAG (10): | 79.60 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 28.96 | |
| TEMA (21): | 79.50 | |
| Williams %R (14): | -59.60 | |
| Chande Momentum Oscillator (20): | -0.54 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.19 |
| MA7: | 78.89 | |
| MA20: | 76.86 | |
| MA50: | 79.91 | |
| MA100: | 85.32 | |
| MAexp7: | 79.43 | |
| MAexp20: | 79.32 | |
| MAexp50: | 78.73 | |
| MAexp100: | 77.87 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | +3.62% | |
| Price / MA50: | -0.34% | |
| Price / MA100: | -6.66% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | +1.16% | |
| Price / MAexp100: | +2.27% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on ARKEMA. At the time of publication of this analysis, the latest news was as follows:
- Univar Solutions Expands Distribution Agreement with Arkema in Europe
- Univar Solutions Expands Distribution Agreement with Arkema in Europe
- Arkema: Disclosure of Trading in Own Shares From 10 October to 14 October 2022
- Arkema: Disclosure of Trading in Own Shares From 03 October to 07 October 2022
- Arkema: Statement about the Number of Shares and Voting Rights in Compliance With the Article L.233-8 II of the French Commercial Code and the Article 223-16 of the Financial Markets Authority (AMF-Autorité des Marchés Financiers)
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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