THALES - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 98.72 EUR
My targets
97.36 EUR (-1.10%)
96.05 EUR (-2.43%)
My analysis
In the short term, we can see an acceleration in the bearish trend on THALES, which is a positive signal for sellers. As long as the price remains above 98.72 EUR, a sale could be considered. The first bearish objective is located at 97.36 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 96.05 EUR as an objective. Crossing it would then enable sellers to target 84.00 EUR. If the price were to return above 98.72 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
6.1
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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
THALES rating 98.44 EUR. On the day, this instrument lost -0.02% with the lowest point at 98.24 EUR and the highest point at 99.34 EUR. The deviation from the price is +0.20% for the low point and -0.91% for the high point.98.24
99.34
98.44
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this THALES chart shows a bearish trend. 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 : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 84.00 | 96.05 | 97.36 | 98.44 | 98.72 | 104.53 | 108.99 |
| Change (%) | -14.67% | -2.43% | -1.10% | - | +0.28% | +6.19% | +10.72% |
| Change | -14.44 | -2.39 | -1.08 | - | +0.28 | +6.09 | +10.55 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.87 | 96.81 | 97.63 | 98.57 | 99.39 | 100.33 | 101.15 |
| Camarilla | 97.98 | 98.14 | 98.30 | 98.46 | 98.62 | 98.78 | 98.94 |
| Woodie | 95.82 | 96.78 | 97.58 | 98.54 | 99.34 | 100.30 | 101.10 |
| Fibonacci | 96.81 | 97.48 | 97.89 | 98.57 | 99.24 | 99.65 | 100.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.14 | 91.30 | 94.88 | 101.04 | 104.62 | 110.78 | 114.36 |
| Camarilla | 95.78 | 96.67 | 97.57 | 98.46 | 99.35 | 100.25 | 101.14 |
| Woodie | 83.85 | 90.66 | 93.59 | 100.40 | 103.33 | 110.14 | 113.07 |
| Fibonacci | 91.30 | 95.02 | 97.32 | 101.04 | 104.76 | 107.06 | 110.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.35 | 97.60 | 101.55 | 106.80 | 110.75 | 116.00 | 119.95 |
| Camarilla | 102.97 | 103.81 | 104.66 | 105.50 | 106.34 | 107.19 | 108.03 |
| Woodie | 91.70 | 97.28 | 100.90 | 106.48 | 110.10 | 115.68 | 119.30 |
| Fibonacci | 97.60 | 101.11 | 103.29 | 106.80 | 110.31 | 112.49 | 116.00 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 29.84 | |
| MACD (12,26,9): | -1.4700 | |
| Directional Movement: | -18.67 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 101.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.44 | |
| Elder Ray (13): | -3.74 | |
| Super Trend (3,10): | 105.25 | |
| Zig ZAG (10): | 98.48 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 10.15 | |
| TEMA (21): | 100.26 | |
| Williams %R (14): | -90.55 | |
| Chande Momentum Oscillator (20): | -8.32 | |
| Repulse (5,40,3): | -4.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 10.71 |
| MA7: | 101.83 | |
| MA20: | 104.59 | |
| MA50: | 103.91 | |
| MA100: | 103.85 | |
| MAexp7: | 100.97 | |
| MAexp20: | 103.43 | |
| MAexp50: | 104.15 | |
| MAexp100: | 104.13 | |
| Price / MA7: | -3.33% | |
| Price / MA20: | -5.88% | |
| Price / MA50: | -5.26% | |
| Price / MA100: | -5.21% | |
| Price / MAexp7: | -2.51% | |
| Price / MAexp20: | -4.82% | |
| Price / MAexp50: | -5.48% | |
| Price / MAexp100: | -5.46% |
News
Don"t forget to follow the news on THALES. At the time of publication of this analysis, the latest news was as follows:
- Beijing Daxing International Airport Relies on Thales and BEST to increase Safety, Capacity and Efficiency of Air Traffic Management
- Beijing Daxing International Airport Relies on Thales and BEST to increase Safety, Capacity and Efficiency of Air Traffic Management
- Beijing Daxing International Airport Relies on Thales and BEST to increase Safety, Capacity and Efficiency of Air Traffic Management
- Beijing Daxing International Airport Relies on Thales and BEST to increase Safety, Capacity and Efficiency of Air Traffic Management
- Thales study: U.S. retailers remain a top target for high-profile cyberattacks as they rapidly adopt digital transformation
This member declared not having a position on this financial instrument or a related financial instrument.
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