ORANGE - 1H - Technical analysis published on 03/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
28%
50%
22%
My opinion
Bearish under 10.932 EUR
My targets
10.461 EUR (-2.65%)
10.163 EUR (-5.43%)
My analysis
The current short-term bearish acceleration registered on ORANGE should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 10.932 EUR. Short-term sellers will use the support located at 10.461 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 10.163 EUR. Crossing this support would then open the door for sellers to target 9.622 EUR. Caution, if there is a return to below 10.932 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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Additional analysis
Quotes
The ORANGE price is 10.746 EUR. On the day, this instrument lost -0.02% with the lowest point at 10.670 EUR and the highest point at 10.774 EUR. The deviation from the price is +0.71% for the low point and -0.26% for the high point.10.670
10.774
10.746
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 1H chart of ORANGE indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish 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.
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.622 | 10.163 | 10.461 | 10.746 | 10.774 | 10.932 | 11.048 |
| Change (%) | -10.46% | -5.43% | -2.65% | - | +0.26% | +1.73% | +2.81% |
| Change | -1.124 | -0.583 | -0.285 | - | +0.028 | +0.186 | +0.302 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | 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 | 10.558 | 10.628 | 10.688 | 10.758 | 10.818 | 10.888 | 10.948 |
| Camarilla | 10.712 | 10.724 | 10.736 | 10.748 | 10.760 | 10.772 | 10.784 |
| Woodie | 10.553 | 10.626 | 10.683 | 10.756 | 10.813 | 10.886 | 10.943 |
| Fibonacci | 10.628 | 10.678 | 10.708 | 10.758 | 10.808 | 10.838 | 10.888 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.483 | 10.585 | 10.733 | 10.835 | 10.983 | 11.085 | 11.233 |
| Camarilla | 10.813 | 10.836 | 10.859 | 10.882 | 10.905 | 10.928 | 10.951 |
| Woodie | 10.507 | 10.597 | 10.757 | 10.847 | 11.007 | 11.097 | 11.257 |
| Fibonacci | 10.585 | 10.680 | 10.739 | 10.835 | 10.930 | 10.989 | 11.085 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.411 | 8.963 | 9.877 | 10.429 | 11.343 | 11.895 | 12.809 |
| Camarilla | 10.389 | 10.523 | 10.658 | 10.792 | 10.926 | 11.061 | 11.195 |
| Woodie | 8.593 | 9.054 | 10.059 | 10.520 | 11.525 | 11.986 | 12.991 |
| Fibonacci | 8.963 | 9.523 | 9.869 | 10.429 | 10.989 | 11.335 | 11.895 |
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): | 38.94 | |
| MACD (12,26,9): | -0.0240 | |
| Directional Movement: | -16.248 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 10.760 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.776 | |
| Elder Ray (13): | -0.018 | |
| Super Trend (3,10): | 10.847 | |
| Zig ZAG (10): | 10.760 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 45.63 | |
| TEMA (21): | 10.735 | |
| Williams %R (14): | -49.37 | |
| Chande Momentum Oscillator (20): | -0.032 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0270 | |
| Courbe Coppock: | 1.42 |
| MA7: | 10.812 | |
| MA20: | 10.290 | |
| MA50: | 9.892 | |
| MA100: | 9.616 | |
| MAexp7: | 10.756 | |
| MAexp20: | 10.786 | |
| MAexp50: | 10.781 | |
| MAexp100: | 10.634 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | +4.43% | |
| Price / MA50: | +8.63% | |
| Price / MA100: | +11.75% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | +1.05% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on ORANGE at the time of the generation of this analysis was as follows:
- AMN Ltd signs NaaS Agreement with Orange Madagascar to build a minimum of 500 rural base stations
- Orange County Bancorp, Inc. Appoints Michael Listner Chief Risk Officer
- ORANGE GENIE ACCOUNTANCY COO WILL RUN A HALF MARATHON FOR THE BRITISH HEART FOUNDATION
- Evofem Biosciences Announces FDA Orange Book Listing of Two Additional U.S. Patents for Phexxi
- Orange CEO Interview - FY 2022 results and Capital Markets Day 2023 (video)
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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