OREGE - Daily - Technical analysis published on 07/26/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.313 EUR
My targets
0.377 EUR (+10.00%)
0.399 EUR (+16.33%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on OREGE. This is a positive signal for buyers. As long as the price remains above 0.313 EUR, a purchase could be considered. The first bullish objective is located at 0.377 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.399 EUR as an objective. Crossing it would then enable buyers to target 0.490 EUR. In the event of a return below 0.313 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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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 0.343 EUR. The price registered an increase of +7.19% on the session with the lowest point at 0.321 EUR and the highest point at 0.344 EUR. The deviation from the price is +6.85% for the low point and -0.29% for the high point.0.321
0.344
0.343
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this OREGE chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
![Central Patterns Central Patterns](/medias/screeners/logo/CentralPatterns.png)
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
![Central Candlesticks Central Candlesticks](/medias/screeners/logo/CentralCandlesticks.png)
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.255 | 0.278 | 0.304 | 0.343 | 0.348 | 0.399 | 0.490 |
Change (%) | -25.66% | -18.95% | -11.37% | - | +1.46% | +16.33% | +42.86% |
Change | -0.088 | -0.065 | -0.039 | - | +0.005 | +0.056 | +0.147 |
Level | Major | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.302 | 0.305 | 0.313 | 0.316 | 0.324 | 0.327 | 0.335 |
Camarilla | 0.317 | 0.318 | 0.319 | 0.320 | 0.321 | 0.322 | 0.323 |
Woodie | 0.304 | 0.306 | 0.315 | 0.317 | 0.326 | 0.328 | 0.337 |
Fibonacci | 0.305 | 0.310 | 0.312 | 0.316 | 0.321 | 0.323 | 0.327 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.184 | 0.236 | 0.265 | 0.317 | 0.346 | 0.398 | 0.427 |
Camarilla | 0.272 | 0.279 | 0.287 | 0.294 | 0.301 | 0.309 | 0.316 |
Woodie | 0.173 | 0.230 | 0.254 | 0.311 | 0.335 | 0.392 | 0.416 |
Fibonacci | 0.236 | 0.267 | 0.286 | 0.317 | 0.348 | 0.367 | 0.398 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.185 | 0.221 | 0.249 | 0.285 | 0.313 | 0.349 | 0.377 |
Camarilla | 0.260 | 0.266 | 0.272 | 0.278 | 0.284 | 0.290 | 0.296 |
Woodie | 0.182 | 0.219 | 0.246 | 0.283 | 0.310 | 0.347 | 0.374 |
Fibonacci | 0.221 | 0.245 | 0.260 | 0.285 | 0.309 | 0.324 | 0.349 |
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): | 62.09 | |
MACD (12,26,9): | 0.0070 | |
Directional Movement: | 12.707 | |
AROON (14): | 14.285 | |
DEMA (21): | 0.317 | |
Parabolic SAR (0,02-0,02-0,2): | 0.362 | |
Elder Ray (13): | 0.021 | |
Super Trend (3,10): | 0.279 | |
Zig ZAG (10): | 0.344 | |
VORTEX (21): | 1.1050 | |
Stochastique (14,3,5): | 51.35 | |
TEMA (21): | 0.323 | |
Williams %R (14): | -27.78 | |
Chande Momentum Oscillator (20): | 0.049 | |
Repulse (5,40,3): | 12.4100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2580 | |
Courbe Coppock: | 12.17 |
MA7: | 0.311 | |
MA20: | 0.307 | |
MA50: | 0.299 | |
MA100: | 0.312 | |
MAexp7: | 0.318 | |
MAexp20: | 0.308 | |
MAexp50: | 0.305 | |
MAexp100: | 0.323 | |
Price / MA7: | +10.29% | |
Price / MA20: | +11.73% | |
Price / MA50: | +14.72% | |
Price / MA100: | +9.94% | |
Price / MAexp7: | +7.86% | |
Price / MAexp20: | +11.36% | |
Price / MAexp50: | +12.46% | |
Price / MAexp100: | +6.19% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on OREGE at the time of the generation of this analysis was as follows:
- Orege activité et résultats semestriels 2023
- Résiliation du contrat de liquidité avec Kepler Cheuvreux et mise en oeuvre d'un nouveau contrat de liquidité avec NATIXIS ODDO BHF SCA
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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