SOLOCAL GROUP

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	LOCAL
ISIN:	FR001400SA10

SOLOCAL GROUP - 1H - Technical analysis published on 10/24/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 2.4667 EUR

My targets

2.5000 EUR (+1.19%)

2.6333 EUR (+6.59%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOLOCAL GROUP as long as the price remains well above 2.4667 EUR. The buyers' bullish objective is set at 2.5000 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.6333 EUR. If there is any crossing, the next objective would be the resistance located at 2.7000 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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

Additional analysis

Quotes

The SOLOCAL GROUP rating is 2.4705 EUR. The price registered an increase of +94,919.23% on the session with the lowest point at 2.4000 EUR and the highest point at 2.5020 EUR. The deviation from the price is +2.94% for the low point and -1.26% for the high point.

2.4000

2.5020

2.4705

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

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

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of SOLOCAL GROUP indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 90

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	2.4705	2.5000	2.7000	2.8000
Change (%)	-	+1.19%	+9.29%	+13.34%
Change	-	+0.0295	+0.2295	+0.3295
Level	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.4667	2.5333	2.5667	2.6333	2.6667	2.7333	2.7667
Camarilla	2.5725	2.5817	2.5908	2.6000	2.6092	2.6183	2.6275
Woodie	2.4500	2.5250	2.5500	2.6250	2.6500	2.7250	2.7500
Fibonacci	2.5333	2.5715	2.5951	2.6333	2.6715	2.6951	2.7333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1667	2.3333	2.4667	2.6333	2.7667	2.9333	3.0667
Camarilla	2.5175	2.5450	2.5725	2.6000	2.6275	2.6550	2.6825
Woodie	2.1500	2.3250	2.4500	2.6250	2.7500	2.9250	3.0500
Fibonacci	2.3333	2.4479	2.5187	2.6333	2.7479	2.8187	2.9333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.5333	2.6667	2.7333	2.8667	2.9333	3.0667	3.1333
Camarilla	2.7450	2.7633	2.7817	2.8000	2.8183	2.8367	2.8550
Woodie	2.5000	2.6500	2.7000	2.8500	2.9000	3.0500	3.1000
Fibonacci	2.6667	2.7431	2.7903	2.8667	2.9431	2.9903	3.0667

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):	99.10
MACD (12,26,9):	0.6124
Directional Movement:	94.1832
AROON (14):	100.0000
DEMA (21):	1.6432
Parabolic SAR (0,02-0,02-0,2):	0.2898
Elder Ray (13):	1.1599
Super Trend (3,10):	1.9688
Zig ZAG (10):	2.4980
VORTEX (21):	1.0267
Stochastique (14,3,5):	99.31
TEMA (21):	2.1525
Williams %R (14):	-0.16
Chande Momentum Oscillator (20):	2.4953
Repulse (5,40,3):	1.4966
ROCnROLL:	1
TRIX (15,9):	56.8202
Courbe Coppock:	137,237.24

MA7:	2.5854
MA20:	2.6899
MA50:	2.8460
MA100:	19.8450
MAexp7:	1.8951
MAexp20:	0.9793
MAexp50:	0.4524
MAexp100:	0.2387
Price / MA7:	-4.44%
Price / MA20:	-8.16%
Price / MA50:	-13.19%
Price / MA100:	-87.55%
Price / MAexp7:	+30.36%
Price / MAexp20:	+152.27%
Price / MAexp50:	+446.09%
Price / MAexp100:	+934.98%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on SOLOCAL GROUP. At the time of publication of this analysis, the latest news was as follows:

Solocal Group

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

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