OCI

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	OCI
ISIN:	NL0010558797

OCI - Daily - Technical analysis published on 11/12/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

28%

44%

My opinion

Bearish under 21.947 EUR

My targets

20.093 EUR (-3.82%)

19.358 EUR (-7.33%)

My analysis

The bearish trend is currently very strong for OCI. As long as the price remains below the resistance at 21.947 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 20.093 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 19.358 EUR as an objective. Crossing it would then enable sellers to target 17.812 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The OCI price is 20.890 EUR. The price registered an increase of +0.77% on the session with the lowest point at 20.670 EUR and the highest point at 20.940 EUR. The deviation from the price is +1.06% for the low point and -0.24% for the high point.

20.670

20.940

20.890

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this OCI chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

Horizontal support is broken

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	17.812	19.358	20.093	20.890	21.947	23.190	24.977
Change (%)	-14.73%	-7.33%	-3.82%	-	+5.06%	+11.01%	+19.56%
Change	-3.078	-1.532	-0.797	-	+1.057	+2.300	+4.087
Level	Intermediate	Major	Major	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.193	20.397	20.563	20.767	20.933	21.137	21.303
Camarilla	20.628	20.662	20.696	20.730	20.764	20.798	20.832
Woodie	20.175	20.388	20.545	20.758	20.915	21.128	21.285
Fibonacci	20.397	20.538	20.625	20.767	20.908	20.995	21.137

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.107	20.403	20.627	20.923	21.147	21.443	21.667
Camarilla	20.707	20.755	20.802	20.850	20.898	20.945	20.993
Woodie	20.070	20.385	20.590	20.905	21.110	21.425	21.630
Fibonacci	20.403	20.602	20.725	20.923	21.122	21.245	21.443

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.837	18.303	19.207	20.673	21.577	23.043	23.947
Camarilla	19.458	19.676	19.893	20.110	20.327	20.545	20.762
Woodie	16.555	18.163	18.925	20.533	21.295	22.903	23.665
Fibonacci	18.303	19.209	19.768	20.673	21.579	22.138	23.043

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):	49.04
MACD (12,26,9):	-0.0750
Directional Movement:	-0.692
AROON (14):	-35.714
DEMA (21):	20.858
Parabolic SAR (0,02-0,02-0,2):	21.836
Elder Ray (13):	-0.094
Super Trend (3,10):	19.722
Zig ZAG (10):	20.900
VORTEX (21):	0.9070
Stochastique (14,3,5):	42.40
TEMA (21):	20.807
Williams %R (14):	-52.12
Chande Momentum Oscillator (20):	-0.400
Repulse (5,40,3):	-0.4620
ROCnROLL:	2
TRIX (15,9):	-0.0330
Courbe Coppock:	5.47

MA7:	20.876
MA20:	21.059
MA50:	21.084
MA100:	21.649
MAexp7:	20.852
MAexp20:	20.942
MAexp50:	21.100
MAexp100:	21.496
Price / MA7:	+0.07%
Price / MA20:	-0.80%
Price / MA50:	-0.92%
Price / MA100:	-3.51%
Price / MAexp7:	+0.18%
Price / MAexp20:	-0.25%
Price / MAexp50:	-1.00%
Price / MAexp100:	-2.82%

News

Don"t forget to follow the news on OCI. At the time of publication of this analysis, the latest news was as follows:

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

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