TRIGANO
TRIGANO
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: TRI
ISIN: FR0005691656

TRIGANO - 1H - Technical analysis published on 09/29/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 122.9 EUR
My targets
130.0 EUR (+2.28%)
133.2 EUR (+4.80%)
My analysis
TRIGANO is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 122.9 EUR. The next resistance located at 130.0 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 133.2 EUR. After this resistance, buyers could then target 140.4 EUR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3

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:
Daily Weekly

Additional analysis

Quotes

The TRIGANO price is 127.1 EUR. The price registered an increase of +7.71% on the session and was traded between 124.8 EUR and 129.2 EUR over the period. The price is currently at +1.84% from its lowest and -1.63% from its highest.

124.8
129.2
127.1

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

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of TRIGANO indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

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 these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 121.3 122.9 126.5 127.1 130.0 133.2 140.4
Change (%) -4.56% -3.30% -0.47% - +2.28% +4.80% +10.46%
Change -5.8 -4.2 -0.6 - +2.9 +6.1 +13.3
Level Intermediate Intermediate Major - Intermediate Major Minor



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
Standard113.4115.0116.5118.1119.6121.2122.7
Camarilla117.2117.4117.7118.0118.3118.6118.9
Woodie113.4115.0116.5118.1119.6121.2122.7
Fibonacci115.0116.2116.9118.1119.3120.0121.2


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard116.6119.0121.9124.3127.2129.6132.5
Camarilla123.4123.9124.4124.9125.4125.9126.4
Woodie117.0119.1122.3124.4127.6129.7132.9
Fibonacci119.0121.0122.2124.3126.3127.5129.6


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard115.6119.9125.0129.3134.4138.7143.8
Camarilla127.4128.3129.1130.0130.9131.7132.6
Woodie115.9120.1125.3129.5134.7138.9144.1
Fibonacci119.9123.5125.7129.3132.9135.1138.7

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): 75.50
MACD (12,26,9): -0.4000
Directional Movement: 41.5
AROON (14): 21.4
DEMA (21): 118.8
Parabolic SAR (0,02-0,02-0,2): 116.6
Elder Ray (13): 7.6
Super Trend (3,10): 121.3
Zig ZAG (10): 126.8
VORTEX (21): 1.0000
Stochastique (14,3,5): 46.20
TEMA (21): 119.5
Williams %R (14): -16.70
Chande Momentum Oscillator (20): 7.7
Repulse (5,40,3): 1.2000
ROCnROLL: 1
TRIX (15,9): -0.1000
Courbe Coppock: 1.20
MA7: 122.4
MA20: 123.9
MA50: 127.5
MA100: 129.8
MAexp7: 121.8
MAexp20: 119.6
MAexp50: 121.0
MAexp100: 122.4
Price / MA7: +3.84%
Price / MA20: +2.58%
Price / MA50: -0.31%
Price / MA100: -2.08%
Price / MAexp7: +4.35%
Price / MAexp20: +6.27%
Price / MAexp50: +5.04%
Price / MAexp100: +3.84%

Quotes : - 15 min delayed data - Euronext Paris

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

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