VALEO - Daily - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 31.07 EUR
My targets
33.11 EUR (+1.75%)
34.98 EUR (+7.50%)
My analysis
VALEO 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 31.07 EUR. The next resistance located at 33.11 EUR is the next bullish objective 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 34.98 EUR. After this resistance, buyers could then target 38.44 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.6
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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
VALEO rating 32.54 EUR. The price registered a decrease of -0.09% on the session and was between 32.32 EUR and 32.89 EUR. This implies that the price is at +0.68% from its lowest and at -1.06% from its highest.32.32
32.89
32.54
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VALEO:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of VALEO indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported 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.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.48 | 28.59 | 31.07 | 32.54 | 33.11 | 34.98 | 38.44 |
| Change (%) | -21.70% | -12.14% | -4.52% | - | +1.75% | +7.50% | +18.13% |
| Change | -7.06 | -3.95 | -1.47 | - | +0.57 | +2.44 | +5.90 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 30.37 | 30.94 | 31.75 | 32.32 | 33.13 | 33.70 | 34.51 |
| Camarilla | 32.19 | 32.32 | 32.44 | 32.57 | 32.70 | 32.82 | 32.95 |
| Woodie | 30.50 | 31.00 | 31.88 | 32.38 | 33.26 | 33.76 | 34.64 |
| Fibonacci | 30.94 | 31.46 | 31.79 | 32.32 | 32.84 | 33.17 | 33.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.90 | 29.05 | 30.22 | 31.37 | 32.54 | 33.69 | 34.86 |
| Camarilla | 30.76 | 30.98 | 31.19 | 31.40 | 31.61 | 31.83 | 32.04 |
| Woodie | 27.92 | 29.06 | 30.24 | 31.38 | 32.56 | 33.70 | 34.88 |
| Fibonacci | 29.05 | 29.93 | 30.48 | 31.37 | 32.25 | 32.80 | 33.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.24 | 21.30 | 25.52 | 28.58 | 32.80 | 35.86 | 40.08 |
| Camarilla | 27.75 | 28.42 | 29.08 | 29.75 | 30.42 | 31.09 | 31.75 |
| Woodie | 18.83 | 21.59 | 26.11 | 28.87 | 33.39 | 36.15 | 40.67 |
| Fibonacci | 21.30 | 24.08 | 25.80 | 28.58 | 31.36 | 33.08 | 35.86 |
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): | 66.29 | |
| MACD (12,26,9): | 1.0200 | |
| Directional Movement: | 13.75 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 31.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.72 | |
| Elder Ray (13): | 1.39 | |
| Super Trend (3,10): | 29.29 | |
| Zig ZAG (10): | 32.48 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 87.02 | |
| TEMA (21): | 32.32 | |
| Williams %R (14): | -7.64 | |
| Chande Momentum Oscillator (20): | 3.40 | |
| Repulse (5,40,3): | 4.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4200 | |
| Courbe Coppock: | 18.55 |
| MA7: | 31.98 | |
| MA20: | 30.33 | |
| MA50: | 28.32 | |
| MA100: | 27.38 | |
| MAexp7: | 31.84 | |
| MAexp20: | 30.69 | |
| MAexp50: | 29.18 | |
| MAexp100: | 28.08 | |
| Price / MA7: | +1.75% | |
| Price / MA20: | +7.29% | |
| Price / MA50: | +14.90% | |
| Price / MA100: | +18.85% | |
| Price / MAexp7: | +2.20% | |
| Price / MAexp20: | +6.03% | |
| Price / MAexp50: | +11.51% | |
| Price / MAexp100: | +15.88% |
News
The latest news and videos published on VALEO at the time of the analysis were as follows:
- Campbell Completes Sale of European Chips Business to Valeo Foods
- Dana and Valeo Collaborate to Supply Complete 48-Volt Electric Vehicle Systems
- Campbell and Valeo Foods Sign Agreement for Intended Sale of Campbell’s European Chips Business
- Valeo announces an employee share offering
- Valeo Pharma Announces Short Form Prospectus Unit Offering and Refiling of Its Condensed Consolidated Interim Financial Statements and Related MD&A
This member declared not having a position on this financial instrument or a related financial instrument.
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