SBM OFFSHORE - Daily - Technical analysis published on 02/06/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 16.773 EUR
My targets
15.415 EUR (-3.32%)
14.922 EUR (-6.42%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SBM OFFSHORE as long as the price remains well below 16.773 EUR. The sellers” bearish objective is set at 15.415 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.922 EUR. In case of crossing, the next objective would be the support located at 14.565 EUR.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SBM OFFSHORE price is 15.945 EUR. The price has increased by +0.54% since the last closing and was traded between 15.920 EUR and 16.125 EUR over the period. The price is currently at +0.16% from its lowest and -1.12% from its highest.15.920
16.125
15.945
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SBM OFFSHORE:
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 SBM OFFSHORE indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.565 | 14.922 | 15.415 | 15.945 | 16.064 | 16.773 | 17.555 |
| Change (%) | -8.65% | -6.42% | -3.32% | - | +0.75% | +5.19% | +10.10% |
| Change | -1.380 | -1.023 | -0.530 | - | +0.119 | +0.828 | +1.610 |
| Level | Intermediate | Major | Major | - | Major | Major | 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 | 15.210 | 15.360 | 15.610 | 15.760 | 16.010 | 16.160 | 16.410 |
| Camarilla | 15.750 | 15.787 | 15.823 | 15.860 | 15.897 | 15.933 | 15.970 |
| Woodie | 15.260 | 15.385 | 15.660 | 15.785 | 16.060 | 16.185 | 16.460 |
| Fibonacci | 15.360 | 15.513 | 15.607 | 15.760 | 15.913 | 16.007 | 16.160 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.547 | 15.018 | 15.277 | 15.748 | 16.007 | 16.478 | 16.737 |
| Camarilla | 15.334 | 15.401 | 15.468 | 15.535 | 15.602 | 15.669 | 15.736 |
| Woodie | 14.440 | 14.965 | 15.170 | 15.695 | 15.900 | 16.425 | 16.630 |
| Fibonacci | 15.018 | 15.297 | 15.470 | 15.748 | 16.027 | 16.200 | 16.478 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.240 | 14.365 | 14.950 | 16.075 | 16.660 | 17.785 | 18.370 |
| Camarilla | 15.065 | 15.222 | 15.378 | 15.535 | 15.692 | 15.849 | 16.005 |
| Woodie | 12.970 | 14.230 | 14.680 | 15.940 | 16.390 | 17.650 | 18.100 |
| Fibonacci | 14.365 | 15.018 | 15.422 | 16.075 | 16.728 | 17.132 | 17.785 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.14 | |
| MACD (12,26,9): | -0.1640 | |
| Directional Movement: | 1.008 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 15.801 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.305 | |
| Elder Ray (13): | 0.136 | |
| Super Trend (3,10): | 16.394 | |
| Zig ZAG (10): | 15.940 | |
| VORTEX (21): | 0.9180 | |
| Stochastique (14,3,5): | 37.12 | |
| TEMA (21): | 15.623 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.315 | |
| Repulse (5,40,3): | 0.4630 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1120 | |
| Courbe Coppock: | 8.54 |
| MA7: | 15.687 | |
| MA20: | 16.077 | |
| MA50: | 16.100 | |
| MA100: | 15.859 | |
| MAexp7: | 15.796 | |
| MAexp20: | 15.986 | |
| MAexp50: | 16.070 | |
| MAexp100: | 16.040 | |
| Price / MA7: | +1.64% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | -0.96% | |
| Price / MA100: | +0.54% | |
| Price / MAexp7: | +0.94% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.78% | |
| Price / MAexp100: | -0.59% |
News
The last news published on SBM OFFSHORE at the time of the generation of this analysis was as follows:
- FPSO Liza Destiny producing and on hire
- SBM Offshore divests minority interest in FPSO Sepetiba project
- SBM Offshore signs FPSO Sepetiba contracts
- Floris Deckers to retire as Chairman of the Supervisory Board
- SBM Offshore optimizes FPSO N’Goma project loan
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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