ACCOR

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	AC
ISIN:	FR0000120404

ACCOR - 1H - Technical analysis published on 10/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

56%

17%

28%

My opinion

Bearish under 38.68 EUR

My targets

37.63 EUR (-1.21%)

37.03 EUR (-2.78%)

My analysis

ACCOR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 38.68 EUR. The next support located at 37.63 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 37.03 EUR. Below this support, sellers could then target 35.91 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

4.8

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ACCOR price is 38.09 EUR. The price is lower by -0.05% since the last closing and was between 37.72 EUR and 38.15 EUR. This implies that the price is at +0.98% from its lowest and at -0.16% from its highest.

37.72

38.15

38.09

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ACCOR indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.03	37.63	38.09	38.09	38.68	39.24	39.69
Change (%)	-2.78%	-1.21%	0%	-	+1.55%	+3.02%	+4.20%
Change	-1.06	-0.46	0	-	+0.59	+1.15	+1.60
Level	Intermediate	Intermediate	Major	-	Major	Minor	Major

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	37.06	37.34	37.73	38.01	38.40	38.68	39.07
Camarilla	37.93	37.99	38.05	38.11	38.17	38.23	38.29
Woodie	37.11	37.37	37.78	38.04	38.45	38.71	39.12
Fibonacci	37.34	37.60	37.76	38.01	38.27	38.43	38.68

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.36	38.12	39.45	40.21	41.54	42.30	43.63
Camarilla	40.21	40.40	40.59	40.78	40.97	41.16	41.36
Woodie	37.65	38.26	39.74	40.35	41.83	42.44	43.92
Fibonacci	38.12	38.92	39.41	40.21	41.01	41.50	42.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.76	35.59	37.30	39.13	40.84	42.67	44.38
Camarilla	38.03	38.35	38.68	39.00	39.33	39.65	39.97
Woodie	33.69	35.56	37.23	39.10	40.77	42.64	44.31
Fibonacci	35.59	36.95	37.78	39.13	40.49	41.32	42.67

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):	38.39
MACD (12,26,9):	-0.3700
Directional Movement:	-20.60
AROON (14):	-35.71
DEMA (21):	37.74
Parabolic SAR (0,02-0,02-0,2):	38.45
Elder Ray (13):	-0.03
Super Trend (3,10):	38.66
Zig ZAG (10):	38.09
VORTEX (21):	0.8400
Stochastique (14,3,5):	57.41
TEMA (21):	37.71
Williams %R (14):	-31.34
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	0.5100
ROCnROLL:	-1
TRIX (15,9):	-0.1700
Courbe Coppock:	2.51

MA7:	39.19
MA20:	38.80
MA50:	36.90
MA100:	37.84
MAexp7:	38.01
MAexp20:	38.26
MAexp50:	38.86
MAexp100:	39.04
Price / MA7:	-2.81%
Price / MA20:	-1.83%
Price / MA50:	+3.22%
Price / MA100:	+0.66%
Price / MAexp7:	+0.21%
Price / MAexp20:	-0.44%
Price / MAexp50:	-1.98%
Price / MAexp100:	-2.43%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on ACCOR at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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