PARROT

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	PARRO
ISIN:	FR0004038263

PARROT - Daily - Technical analysis published on 07/15/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

61%

11%

28%

My opinion

Bullish above 2.037 EUR

My targets

2.407 EUR (+14.06%)

2.642 EUR (+25.21%)

My analysis

The strong short-term increase in PARROT calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 2.037 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 2.407 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.642 EUR as an objective. Crossing it would then enable buyers to target 2.885 EUR. Caution, a return under 2.037 EUR could jeopardize the reversal.

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

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.

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Additional analysis

Quotes

The PARROT price is 2.110 EUR. On the day, this instrument gained +2.93% with the lowest point at 2.000 EUR and the highest point at 2.110 EUR. The deviation from the price is +5.50% for the low point and 0% for the high point.

2.000

2.110

Here is a more detailed summary of the historical variations registered by PARROT:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of PARROT in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals 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

An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

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 horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	1.801	2.110	2.125	2.642	2.885
Change (%)	-14.64%	-	+0.71%	+25.21%	+36.73%
Change	-0.309	-	+0.015	+0.532	+0.775
Level	Major	-	Major	Minor	Minor

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	1.910	1.950	2.000	2.040	2.090	2.130	2.180
Camarilla	2.025	2.034	2.042	2.050	2.058	2.067	2.075
Woodie	1.915	1.953	2.005	2.043	2.095	2.133	2.185
Fibonacci	1.950	1.984	2.006	2.040	2.074	2.096	2.130

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.843	1.917	1.983	2.057	2.123	2.197	2.263
Camarilla	2.012	2.024	2.037	2.050	2.063	2.076	2.089
Woodie	1.840	1.915	1.980	2.055	2.120	2.195	2.260
Fibonacci	1.917	1.970	2.003	2.057	2.110	2.143	2.197

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.463	1.667	1.833	2.037	2.203	2.407	2.573
Camarilla	1.898	1.932	1.966	2.000	2.034	2.068	2.102
Woodie	1.445	1.658	1.815	2.028	2.185	2.398	2.555
Fibonacci	1.667	1.808	1.895	2.037	2.178	2.265	2.407

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):	54.99
MACD (12,26,9):	0.0070
Directional Movement:	10.608
AROON (14):	-42.857
DEMA (21):	2.058
Parabolic SAR (0,02-0,02-0,2):	2.196
Elder Ray (13):	-0.004
Super Trend (3,10):	2.152
Zig ZAG (10):	2.110
VORTEX (21):	0.9850
Stochastique (14,3,5):	49.41
TEMA (21):	2.083
Williams %R (14):	-42.86
Chande Momentum Oscillator (20):	0.070
Repulse (5,40,3):	7.3950
ROCnROLL:	-1
TRIX (15,9):	0.0030
Courbe Coppock:	6.86

MA7:	2.071
MA20:	2.031
MA50:	2.044
MA100:	2.236
MAexp7:	2.070
MAexp20:	2.054
MAexp50:	2.089
MAexp100:	2.229
Price / MA7:	+1.88%
Price / MA20:	+3.89%
Price / MA50:	+3.23%
Price / MA100:	-5.64%
Price / MAexp7:	+1.93%
Price / MAexp20:	+2.73%
Price / MAexp50:	+1.01%
Price / MAexp100:	-5.34%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on PARROT. 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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