ARKEMA - Daily - Technical analysis published on 03/07/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 89.66 EUR
My targets
106.51 EUR (+8.51%)
117.05 EUR (+19.24%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARKEMA as long as the price remains well above 89.66 EUR. The buyers' bullish objective is set at 106.51 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 117.05 EUR. If there is any crossing, the next objective would be the resistance located at 131.33 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ARKEMA price is 98.16 EUR. The price is lower by -0.06% since the last closing and was traded between 96.88 EUR and 98.24 EUR over the period. The price is currently at +1.32% from its lowest and -0.08% from its highest.96.88
98.24
98.16
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily 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 does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 79.34 | 83.99 | 89.66 | 98.16 | 99.54 | 106.51 | 117.05 |
| Change (%) | -19.17% | -14.44% | -8.66% | - | +1.41% | +8.51% | +19.24% |
| Change | -18.82 | -14.17 | -8.50 | - | +1.38 | +8.35 | +18.89 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.17 | 97.19 | 97.71 | 98.73 | 99.25 | 100.27 | 100.79 |
| Camarilla | 97.80 | 97.94 | 98.08 | 98.22 | 98.36 | 98.50 | 98.64 |
| Woodie | 95.91 | 97.07 | 97.45 | 98.61 | 98.99 | 100.15 | 100.53 |
| Fibonacci | 97.19 | 97.78 | 98.15 | 98.73 | 99.32 | 99.69 | 100.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.30 | 92.42 | 95.56 | 97.68 | 100.82 | 102.94 | 106.08 |
| Camarilla | 97.25 | 97.74 | 98.22 | 98.70 | 99.18 | 99.66 | 100.15 |
| Woodie | 90.81 | 92.68 | 96.07 | 97.94 | 101.33 | 103.20 | 106.59 |
| Fibonacci | 92.42 | 94.43 | 95.67 | 97.68 | 99.69 | 100.93 | 102.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.63 | 87.59 | 91.87 | 94.83 | 99.11 | 102.07 | 106.35 |
| Camarilla | 94.17 | 94.83 | 95.50 | 96.16 | 96.82 | 97.49 | 98.15 |
| Woodie | 85.30 | 87.92 | 92.54 | 95.16 | 99.78 | 102.40 | 107.02 |
| Fibonacci | 87.59 | 90.35 | 92.06 | 94.83 | 97.59 | 99.30 | 102.07 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.64 | |
| MACD (12,26,9): | 1.5300 | |
| Directional Movement: | 11.79 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 97.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 92.90 | |
| Elder Ray (13): | 1.34 | |
| Super Trend (3,10): | 92.38 | |
| Zig ZAG (10): | 98.18 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 82.71 | |
| TEMA (21): | 97.68 | |
| Williams %R (14): | -21.43 | |
| Chande Momentum Oscillator (20): | 4.34 | |
| Repulse (5,40,3): | -0.5400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 8.84 |
| MA7: | 97.00 | |
| MA20: | 94.80 | |
| MA50: | 92.59 | |
| MA100: | 88.28 | |
| MAexp7: | 97.15 | |
| MAexp20: | 95.42 | |
| MAexp50: | 92.72 | |
| MAexp100: | 90.56 | |
| Price / MA7: | +1.20% | |
| Price / MA20: | +3.54% | |
| Price / MA50: | +6.02% | |
| Price / MA100: | +11.19% | |
| Price / MAexp7: | +1.04% | |
| Price / MAexp20: | +2.87% | |
| Price / MAexp50: | +5.87% | |
| Price / MAexp100: | +8.39% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on ARKEMA at the time of the analysis were as follows:
- Renewals of Terms of Office and Appointments within Arkema’s Board of Directors
- Arkema: Full-Year 2022 Results
- Laurent Tellier Appointed as Arkema’s Senior Vice-President of Performance Additives and Member of the Executive Committee
- 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)
- Arkema Successfully Launched a €400 Million Bond Issue
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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