OREGE - Daily - Technical analysis published on 06/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.2732 EUR
My targets
0.2136 EUR (-7.13%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on OREGE. As long as you are under the resistance located at 0.2732 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.2136 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 0.2732 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more 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
0
10
0.9
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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 OREGE price is 0.2300 EUR. The price has increased by +7.98% since the last closing and was traded between 0.2120 EUR and 0.2300 EUR over the period. The price is currently at +8.49% from its lowest and 0% from its highest.0.2120
0.2300
0.2300
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of OREGE in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.2136 | 0.2300 | 0.4436 | 0.5500 | 0.6891 |
| Change (%) | -7.13% | - | +92.87% | +139.13% | +199.61% |
| Change | -0.0164 | - | +0.2136 | +0.3200 | +0.4591 |
| Level | Minor | - | Intermediate | Major | Intermediate |
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 | 0.1963 | 0.1997 | 0.2063 | 0.2097 | 0.2163 | 0.2197 | 0.2263 |
| Camarilla | 0.2103 | 0.2112 | 0.2121 | 0.2130 | 0.2139 | 0.2148 | 0.2158 |
| Woodie | 0.1980 | 0.2005 | 0.2080 | 0.2105 | 0.2180 | 0.2205 | 0.2280 |
| Fibonacci | 0.1997 | 0.2035 | 0.2059 | 0.2097 | 0.2135 | 0.2159 | 0.2197 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1790 | 0.1880 | 0.1990 | 0.2080 | 0.2190 | 0.2280 | 0.2390 |
| Camarilla | 0.2045 | 0.2063 | 0.2082 | 0.2100 | 0.2118 | 0.2137 | 0.2155 |
| Woodie | 0.1800 | 0.1885 | 0.2000 | 0.2085 | 0.2200 | 0.2285 | 0.2400 |
| Fibonacci | 0.1880 | 0.1956 | 0.2004 | 0.2080 | 0.2156 | 0.2204 | 0.2280 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0342 | 0.1073 | 0.1537 | 0.2268 | 0.2732 | 0.3463 | 0.3927 |
| Camarilla | 0.1671 | 0.1781 | 0.1891 | 0.2000 | 0.2110 | 0.2219 | 0.2329 |
| Woodie | 0.0208 | 0.1006 | 0.1403 | 0.2201 | 0.2598 | 0.3396 | 0.3793 |
| Fibonacci | 0.1073 | 0.1530 | 0.1812 | 0.2268 | 0.2725 | 0.3007 | 0.3463 |
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): | 51.82 | |
| MACD (12,26,9): | -0.0102 | |
| Directional Movement: | 4.8722 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.2031 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1978 | |
| Elder Ray (13): | 0.0054 | |
| Super Trend (3,10): | 0.2560 | |
| Zig ZAG (10): | 0.2300 | |
| VORTEX (21): | 0.8507 | |
| Stochastique (14,3,5): | 40.52 | |
| TEMA (21): | 0.2126 | |
| Williams %R (14): | -35.29 | |
| Chande Momentum Oscillator (20): | 0.0210 | |
| Repulse (5,40,3): | 9.4794 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.9000 | |
| Courbe Coppock: | 5.53 |
| MA7: | 0.2144 | |
| MA20: | 0.2110 | |
| MA50: | 0.2483 | |
| MA100: | 0.3302 | |
| MAexp7: | 0.2161 | |
| MAexp20: | 0.2198 | |
| MAexp50: | 0.2559 | |
| MAexp100: | 0.3208 | |
| Price / MA7: | +7.28% | |
| Price / MA20: | +9.00% | |
| Price / MA50: | -7.37% | |
| Price / MA100: | -30.35% | |
| Price / MAexp7: | +6.43% | |
| Price / MAexp20: | +4.64% | |
| Price / MAexp50: | -10.12% | |
| Price / MAexp100: | -28.30% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on OREGE. At the time of publication of this analysis, the latest news was as follows:
- Résultats Annuels 2022 et Perspectives 2023
- Orège sells three solutions to Severn Trent Water to improve the performance of anaerobic digestion and biogas production
- Oddo BHF initiates coverage of Orege
- Scottish Water purchases five further Orège solutions for a total value of 1,5 million euros as part of its Net Zero emissions strategy
- Kepler Cheuvreux initiates coverage of Orège
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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