SODEXO - 1H - Technical analysis published on 10/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 95.54 EUR
My targets
98.66 EUR (+2.11%)
99.65 EUR (+3.14%)
My analysis
The strong short-term increase for SODEXO reinforces the current slightly bullish trend. As long as the price remains above 95.54 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 98.66 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 99.65 EUR as an objective. Crossing it would then enable buyers to target 102.02 EUR. A return to 95.54 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
0
10
4.5
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Additional analysis
Quotes
SODEXO rating 96.62 EUR. The price has increased by +2.37% since the last closing and was traded between 94.40 EUR and 96.80 EUR over the period. The price is currently at +2.35% from its lowest and -0.19% from its highest.94.40
96.80
96.62
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SODEXO chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 94.16 | 95.54 | 96.58 | 96.62 | 98.66 | 99.65 | 102.02 |
| Change (%) | -2.55% | -1.12% | -0.04% | - | +2.11% | +3.14% | +5.59% |
| Change | -2.46 | -1.08 | -0.04 | - | +2.04 | +3.03 | +5.40 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | 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 | 92.01 | 92.49 | 93.43 | 93.91 | 94.85 | 95.33 | 96.27 |
| Camarilla | 93.99 | 94.12 | 94.25 | 94.38 | 94.51 | 94.64 | 94.77 |
| Woodie | 92.25 | 92.61 | 93.67 | 94.03 | 95.09 | 95.45 | 96.51 |
| Fibonacci | 92.49 | 93.03 | 93.36 | 93.91 | 94.45 | 94.78 | 95.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.28 | 93.92 | 95.72 | 97.36 | 99.16 | 100.80 | 102.60 |
| Camarilla | 96.57 | 96.89 | 97.21 | 97.52 | 97.84 | 98.15 | 98.47 |
| Woodie | 92.36 | 93.96 | 95.80 | 97.40 | 99.24 | 100.84 | 102.68 |
| Fibonacci | 93.92 | 95.23 | 96.05 | 97.36 | 98.67 | 99.49 | 100.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.15 | 91.35 | 94.44 | 98.64 | 101.73 | 105.93 | 109.02 |
| Camarilla | 95.52 | 96.18 | 96.85 | 97.52 | 98.19 | 98.86 | 99.53 |
| Woodie | 86.59 | 91.07 | 93.88 | 98.36 | 101.17 | 105.65 | 108.46 |
| Fibonacci | 91.35 | 94.14 | 95.86 | 98.64 | 101.43 | 103.15 | 105.93 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.84 | |
| MACD (12,26,9): | 0.5200 | |
| Directional Movement: | 26.15 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 95.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 94.91 | |
| Elder Ray (13): | 0.98 | |
| Super Trend (3,10): | 94.60 | |
| Zig ZAG (10): | 96.24 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 84.90 | |
| TEMA (21): | 96.22 | |
| Williams %R (14): | -16.28 | |
| Chande Momentum Oscillator (20): | 2.76 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 4.78 |
| MA7: | 95.07 | |
| MA20: | 98.29 | |
| MA50: | 97.39 | |
| MA100: | 98.55 | |
| MAexp7: | 95.84 | |
| MAexp20: | 94.93 | |
| MAexp50: | 95.07 | |
| MAexp100: | 96.19 | |
| Price / MA7: | +1.63% | |
| Price / MA20: | -1.70% | |
| Price / MA50: | -0.79% | |
| Price / MA100: | -1.96% | |
| Price / MAexp7: | +0.81% | |
| Price / MAexp20: | +1.78% | |
| Price / MAexp50: | +1.63% | |
| Price / MAexp100: | +0.45% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on SODEXO at the time of the analysis were as follows:
- Sodexo Engage Becomes Pluxee UK
- Sodexo - Monthly disclosure on share capital and voting rights September 30, 2023
- Halifax Agrees to Acquire the Worldwide Home Care Division of Sodexo
- Halifax Agrees to Acquire the Worldwide Home Care Division of Sodexo
- Suspension of the liquidity contract
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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