PRYSMIAN

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	PRY
ISIN:	IT0004176001

PRYSMIAN - Daily - Technical analysis published on 10/23/2019 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 20.260 EUR

My targets

21.010 EUR (+1.79%)

22.267 EUR (+7.88%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PRYSMIAN as long as the price remains well above 20.260 EUR. The buyers” bullish objective is set at 21.010 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 22.267 EUR. If there is any crossing, the next objective would be the resistance located at 26.817 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.8

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

PRYSMIAN rating 20.640 EUR. The price is lower by -0.05% since the last closing and was traded between 20.500 EUR and 20.780 EUR over the period. The price is currently at +0.68% from its lowest and -0.67% from its highest.

20.500

20.780

20.640

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PRYSMIAN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.646	19.120	20.260	20.640	21.010	22.267	26.817
Change (%)	-9.66%	-7.36%	-1.84%	-	+1.79%	+7.88%	+29.93%
Change	-1.994	-1.520	-0.380	-	+0.370	+1.627	+6.177
Level	Intermediate	Major	Intermediate	-	Intermediate	Intermediate	Intermediate

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	19.583	19.867	20.033	20.317	20.483	20.767	20.933
Camarilla	20.076	20.118	20.159	20.200	20.241	20.283	20.324
Woodie	19.525	19.838	19.975	20.288	20.425	20.738	20.875
Fibonacci	19.867	20.039	20.145	20.317	20.489	20.595	20.767

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.258	17.812	18.873	19.427	20.488	21.042	22.103
Camarilla	19.491	19.639	19.787	19.935	20.083	20.231	20.379
Woodie	17.513	17.939	19.128	19.554	20.743	21.169	22.358
Fibonacci	17.812	18.429	18.810	19.427	20.044	20.425	21.042

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.188	18.287	18.993	20.092	20.798	21.897	22.603
Camarilla	19.204	19.369	19.535	19.700	19.866	20.031	20.196
Woodie	16.993	18.189	18.798	19.994	20.603	21.799	22.408
Fibonacci	18.287	18.976	19.402	20.092	20.781	21.207	21.897

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):	62.72
MACD (12,26,9):	0.2000
Directional Movement:	10.655
AROON (14):	64.286
DEMA (21):	20.060
Parabolic SAR (0,02-0,02-0,2):	19.282
Elder Ray (13):	0.527
Super Trend (3,10):	18.893
Zig ZAG (10):	20.650
VORTEX (21):	1.0180
Stochastique (14,3,5):	87.88
TEMA (21):	20.173
Williams %R (14):	-6.93
Chande Momentum Oscillator (20):	1.845
Repulse (5,40,3):	2.4110
ROCnROLL:	1
TRIX (15,9):	0.0140
Courbe Coppock:	7.90

MA7:	20.279
MA20:	19.625
MA50:	19.608
MA100:	18.857
MAexp7:	20.211
MAexp20:	19.860
MAexp50:	19.548
MAexp100:	18.992
Price / MA7:	+1.78%
Price / MA20:	+5.17%
Price / MA50:	+5.26%
Price / MA100:	+9.46%
Price / MAexp7:	+2.12%
Price / MAexp20:	+3.93%
Price / MAexp50:	+5.59%
Price / MAexp100:	+8.68%

News

Don"t forget to follow the news on PRYSMIAN. 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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