ARKEMA

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	AKE
ISIN:	FR0010313833

ARKEMA - Daily - Technical analysis published on 08/19/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 87.09 EUR

My targets

77.50 EUR (-3.49%)

66.63 EUR (-17.02%)

My analysis

ARKEMA is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 87.09 EUR. The next support located at 77.50 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 66.63 EUR. Below this support, sellers could then target 60.29 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

5.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by robby1966. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ARKEMA rating is 80.30 EUR. On the day, this instrument gained +1.13% with the lowest point at 79.25 EUR and the highest point at 80.40 EUR. The deviation from the price is +1.32% for the low point and -0.12% for the high point.

79.25

80.40

80.30

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

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 ARKEMA in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	66.63	77.50	79.95	80.30	87.09	92.15	99.27
Change (%)	-17.02%	-3.49%	-0.44%	-	+8.46%	+14.76%	+23.62%
Change	-13.67	-2.80	-0.35	-	+6.79	+11.85	+18.97
Level	Minor	Major	Major	-	Intermediate	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.00	78.50	78.95	79.45	79.90	80.40	80.85
Camarilla	79.14	79.23	79.31	79.40	79.49	79.57	79.66
Woodie	77.98	78.49	78.93	79.44	79.88	80.39	80.83
Fibonacci	78.50	78.86	79.09	79.45	79.81	80.04	80.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	74.67	75.83	77.62	78.78	80.57	81.73	83.52
Camarilla	78.59	78.86	79.13	79.40	79.67	79.94	80.21
Woodie	74.98	75.99	77.93	78.94	80.88	81.89	83.83
Fibonacci	75.83	76.96	77.66	78.78	79.91	80.61	81.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	74.93	77.77	80.68	83.52	86.43	89.27	92.18
Camarilla	82.02	82.55	83.07	83.60	84.13	84.65	85.18
Woodie	74.98	77.79	80.73	83.54	86.48	89.29	92.23
Fibonacci	77.77	79.96	81.32	83.52	85.71	87.07	89.27

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):	47.31
MACD (12,26,9):	-1.4000
Directional Movement:	-0.24
AROON (14):	-14.28
DEMA (21):	78.44
Parabolic SAR (0,02-0,02-0,2):	83.55
Elder Ray (13):	0.14
Super Trend (3,10):	83.65
Zig ZAG (10):	80.30
VORTEX (21):	0.8900
Stochastique (14,3,5):	28.16
TEMA (21):	78.39
Williams %R (14):	-65.05
Chande Momentum Oscillator (20):	-4.70
Repulse (5,40,3):	1.9200
ROCnROLL:	-1
TRIX (15,9):	-0.2500
Courbe Coppock:	10.84

MA7:	78.67
MA20:	80.71
MA50:	82.79
MA100:	88.40
MAexp7:	79.21
MAexp20:	80.35
MAexp50:	83.18
MAexp100:	86.16
Price / MA7:	+2.07%
Price / MA20:	-0.51%
Price / MA50:	-3.01%
Price / MA100:	-9.16%
Price / MAexp7:	+1.38%
Price / MAexp20:	-0.06%
Price / MAexp50:	-3.46%
Price / MAexp100:	-6.80%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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