REMY COINTREAU - 1H - Technical analysis published on 09/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
22%
22%
My opinion
Bearish under 69.38 EUR
My targets
65.45 EUR (-0.68%)
60.83 EUR (-7.69%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 69.38 EUR remains possible. It is advisable to trade REMY COINTREAU with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 69.38 EUR. The next bearish objective for sellers is set at 65.45 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 60.83 EUR. In case of crossing, the next objective would be the support located at 42.94 EUR. PS: if there is a bullish break in the resistance located at 69.38 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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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 REMY COINTREAU price is 65.90 EUR. On the day, this instrument gained +2.57% with the lowest point at 64.20 EUR and the highest point at 65.90 EUR. The deviation from the price is +2.65% for the low point and 0% for the high point.64.20
65.90
65.90
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of REMY COINTREAU indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
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.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.94 | 60.83 | 65.45 | 65.90 | 70.98 | 73.00 | 76.44 |
| Change (%) | -34.84% | -7.69% | -0.68% | - | +7.71% | +10.77% | +15.99% |
| Change | -22.96 | -5.07 | -0.45 | - | +5.08 | +7.10 | +10.54 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 61.32 | 62.78 | 63.52 | 64.98 | 65.72 | 67.18 | 67.92 |
| Camarilla | 63.65 | 63.85 | 64.05 | 64.25 | 64.45 | 64.65 | 64.86 |
| Woodie | 60.95 | 62.60 | 63.15 | 64.80 | 65.35 | 67.00 | 67.55 |
| Fibonacci | 62.78 | 63.62 | 64.14 | 64.98 | 65.82 | 66.34 | 67.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.07 | 61.93 | 64.52 | 69.38 | 71.97 | 76.83 | 79.42 |
| Camarilla | 65.05 | 65.73 | 66.42 | 67.10 | 67.78 | 68.47 | 69.15 |
| Woodie | 55.93 | 61.36 | 63.38 | 68.81 | 70.83 | 76.26 | 78.28 |
| Fibonacci | 61.93 | 64.78 | 66.54 | 69.38 | 72.23 | 73.99 | 76.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.53 | 60.47 | 67.13 | 74.07 | 80.73 | 87.67 | 94.33 |
| Camarilla | 70.06 | 71.31 | 72.55 | 73.80 | 75.05 | 76.29 | 77.54 |
| Woodie | 53.40 | 60.40 | 67.00 | 74.00 | 80.60 | 87.60 | 94.20 |
| Fibonacci | 60.47 | 65.66 | 68.87 | 74.07 | 79.26 | 82.47 | 87.67 |
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): | 44.15 | |
| MACD (12,26,9): | -0.6800 | |
| Directional Movement: | -13.19 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 64.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 64.26 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 66.34 | |
| Zig ZAG (10): | 65.70 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 56.18 | |
| TEMA (21): | 65.06 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | -0.55 | |
| Repulse (5,40,3): | 1.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 2.56 |
| MA7: | 67.67 | |
| MA20: | 70.58 | |
| MA50: | 71.35 | |
| MA100: | 77.52 | |
| MAexp7: | 65.44 | |
| MAexp20: | 65.82 | |
| MAexp50: | 67.50 | |
| MAexp100: | 69.14 | |
| Price / MA7: | -2.62% | |
| Price / MA20: | -6.63% | |
| Price / MA50: | -7.64% | |
| Price / MA100: | -14.99% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | -2.37% | |
| Price / MAexp100: | -4.69% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on REMY COINTREAU. At the time of publication of this analysis, the latest news was as follows:
- Rémy Cointreau: Timetable and Procedure for Exercising Put Option of OCEANE 2026
- Rémy Cointreau: First-Quarter Sales in Line With Expectations
- Rémy Cointreau: Combined General Meeting of 20 July 2023
- Notification of availability of Rémy Cointreau 2022-23 Universal Registration Document
- Rémy Cointreau: Information on the Total Number of Voting Rights and Shares Forming the Share Capital
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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