PERNOD RICARD - Daily - Technical analysis published on 09/09/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 130.66 EUR
My targets
121.20 EUR (-1.50%)
110.83 EUR (-9.93%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PERNOD RICARD as long as the price remains well below 130.66 EUR. The next bearish objective for sellers is set at 121.20 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 110.83 EUR. If there is any crossing, the next objective would be the support located at 82.29 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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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 PERNOD RICARD price is 123.05 EUR. The price is lower by -0.08% since the last closing and was between 122.10 EUR and 123.35 EUR. This implies that the price is at +0.78% from its lowest and at -0.24% from its highest.122.10
123.35
123.05
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of PERNOD RICARD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
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:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 82.29 | 110.83 | 121.20 | 123.05 | 130.66 | 138.05 | 147.32 |
| Change (%) | -33.12% | -9.93% | -1.50% | - | +6.18% | +12.19% | +19.72% |
| Change | -40.76 | -12.22 | -1.85 | - | +7.61 | +15.00 | +24.27 |
| Level | Minor | Major | Major | - | Major | Intermediate | Minor |
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 | 120.83 | 121.92 | 122.53 | 123.62 | 124.23 | 125.32 | 125.93 |
| Camarilla | 122.68 | 122.84 | 122.99 | 123.15 | 123.31 | 123.46 | 123.62 |
| Woodie | 120.60 | 121.80 | 122.30 | 123.50 | 124.00 | 125.20 | 125.70 |
| Fibonacci | 121.92 | 122.57 | 122.97 | 123.62 | 124.27 | 124.67 | 125.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.30 | 118.15 | 120.65 | 125.50 | 128.00 | 132.85 | 135.35 |
| Camarilla | 121.13 | 121.80 | 122.48 | 123.15 | 123.82 | 124.50 | 125.17 |
| Woodie | 112.13 | 117.56 | 119.48 | 124.91 | 126.83 | 132.26 | 134.18 |
| Fibonacci | 118.15 | 120.96 | 122.69 | 125.50 | 128.31 | 130.04 | 132.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.65 | 108.80 | 118.80 | 129.95 | 139.95 | 151.10 | 161.10 |
| Camarilla | 122.98 | 124.92 | 126.86 | 128.80 | 130.74 | 132.68 | 134.62 |
| Woodie | 97.08 | 108.51 | 118.23 | 129.66 | 139.38 | 150.81 | 160.53 |
| Fibonacci | 108.80 | 116.88 | 121.87 | 129.95 | 138.03 | 143.02 | 151.10 |
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): | 42.45 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 8.20 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 125.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 137.93 | |
| Elder Ray (13): | -3.08 | |
| Super Trend (3,10): | 130.54 | |
| Zig ZAG (10): | 122.90 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 11.59 | |
| TEMA (21): | 126.13 | |
| Williams %R (14): | -91.41 | |
| Chande Momentum Oscillator (20): | -2.45 | |
| Repulse (5,40,3): | -1.7400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 4.07 |
| MA7: | 126.01 | |
| MA20: | 125.41 | |
| MA50: | 125.17 | |
| MA100: | 130.97 | |
| MAexp7: | 125.10 | |
| MAexp20: | 125.49 | |
| MAexp50: | 126.54 | |
| MAexp100: | 130.79 | |
| Price / MA7: | -2.35% | |
| Price / MA20: | -1.88% | |
| Price / MA50: | -1.69% | |
| Price / MA100: | -6.05% | |
| Price / MAexp7: | -1.64% | |
| Price / MAexp20: | -1.94% | |
| Price / MAexp50: | -2.76% | |
| Price / MAexp100: | -5.92% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on PERNOD RICARD. At the time of publication of this analysis, the latest news was as follows:
- G.H. MUMM CHAMPAGNE MADE ITS MARK ON HISTORY AS TOWT SAILING CARGO SHIP HAS ARRIVED IN NEW YORK, U.S.A., ON SEPTEMBER 3, 2024
- PERNOD RICARD DOUBLES DOWN ON AMERICAN WHISKEY WITH NEW GLOBAL BRAND COMPANY
- ABSOLUT® TAPS PARIS HILTON TO BRING BACK THE COSMO WITH NEW COLLAB
- THIS SUMMER MALIBU® ENLISTS PAIGE DESORBO TO UNLOCK VACATION YOU ANYTIME, ANYWHERE
- Leap Year STOLE Our Saturday St. Patrick's Day, but Jameson® Irish Whiskey Has a Plan: Introducing St. Patrick's Eve on March 16, hosted by Comedians Colin Jost and Michael Che
This member declared not having a position on this financial instrument or a related financial instrument.
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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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