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 11/14/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.7970 EUR

My targets

3.1968 EUR (+11.35%)

3.4937 EUR (+21.69%)

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 2.7970 EUR. The buyers' bullish objective is set at 3.1968 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.4937 EUR. If there is any crossing, the next objective would be the resistance located at 40.4000 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

8.9

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 price is 2.8710 EUR. The price has increased by +11.54% since the last closing and was traded between 2.5810 EUR and 2.8710 EUR over the period. The price is currently at +11.24% from its lowest and 0% from its highest.

2.5810

2.8710

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of SOLOCAL GROUP in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.6000	2.7000	2.7970	2.8710	40.4000	69.5000	95.3040
Change (%)	-9.44%	-5.96%	-2.58%	-	+1,307.18%	+2,320.76%	+3,219.54%
Change	-0.2710	-0.1710	-0.0740	-	+37.5290	+66.6290	+92.4330
Level	Minor	Minor	Intermediate	-	Minor	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	1.8973	2.1287	2.3513	2.5827	2.8053	3.0367	3.2593
Camarilla	2.4492	2.4908	2.5324	2.5740	2.6156	2.6572	2.6989
Woodie	1.8930	2.1265	2.3470	2.5805	2.8010	3.0345	3.2550
Fibonacci	2.1287	2.3021	2.4092	2.5827	2.7561	2.8632	3.0367

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.2200	2.2800	2.3140	2.3740	2.4080	2.4680	2.5020
Camarilla	2.3222	2.3308	2.3394	2.3480	2.3566	2.3652	2.3739
Woodie	2.2070	2.2735	2.3010	2.3675	2.3950	2.4615	2.4890
Fibonacci	2.2800	2.3159	2.3381	2.3740	2.4099	2.4321	2.4680

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4207	1.8148	2.1117	2.5058	2.8027	3.1968	3.4937
Camarilla	2.2185	2.2818	2.3452	2.4085	2.4718	2.5352	2.5985
Woodie	1.3720	1.7905	2.0630	2.4815	2.7540	3.1725	3.4450
Fibonacci	1.8148	2.0788	2.2419	2.5058	2.7698	2.9329	3.1968

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):	69.68
MACD (12,26,9):	0.1070
Directional Movement:	38.4824
AROON (14):	78.5714
DEMA (21):	2.7554
Parabolic SAR (0,02-0,02-0,2):	2.6167
Elder Ray (13):	0.1483
Super Trend (3,10):	2.5741
Zig ZAG (10):	2.8530
VORTEX (21):	1.0697
Stochastique (14,3,5):	91.03
TEMA (21):	2.8221
Williams %R (14):	-3.54
Chande Momentum Oscillator (20):	0.3760
Repulse (5,40,3):	6.2054
ROCnROLL:	1
TRIX (15,9):	0.4501
Courbe Coppock:	24.45

MA7:	2.4635
MA20:	2.4477
MA50:	2.6571
MA100:	11.9595
MAexp7:	2.7627
MAexp20:	2.6284
MAexp50:	2.5119
MAexp100:	2.4712
Price / MA7:	+16.54%
Price / MA20:	+17.29%
Price / MA50:	+8.05%
Price / MA100:	-75.99%
Price / MAexp7:	+3.92%
Price / MAexp20:	+9.23%
Price / MAexp50:	+14.30%
Price / MAexp100:	+16.18%

Quotes : - 15 min delayed data - Euronext Paris

News

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

Solocal Group

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

About author

Londinia AI

Online

Overall rating :

15734

Number of analyses :

92519

Followers :

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…