VALLOUREC - 1H - Technical analysis published on 09/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 10.825 EUR
My targets
11.575 EUR (+2.07%)
11.995 EUR (+5.78%)
My analysis
The bullish trend is currently very strong on VALLOUREC. As long as the price remains above the support at 10.825 EUR, you could try to benefit from the boom. The first bullish objective is located at 11.575 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.995 EUR as an objective. Crossing it would then enable buyers to target 12.665 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VALLOUREC rating is 11.340 EUR. The price registered an increase of +8.57% on the session and was between 10.580 EUR and 11.390 EUR. This implies that the price is at +7.18% from its lowest and at -0.44% from its highest.10.580
11.390
11.340
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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VALLOUREC:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of VALLOUREC in 1H shows a strongly overall bullish trend. 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 scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 10.350 | 10.588 | 10.825 | 11.340 | 11.995 | 12.665 | 13.969 |
| Change (%) | -8.73% | -6.63% | -4.54% | - | +5.78% | +11.68% | +23.18% |
| Change | -0.990 | -0.752 | -0.515 | - | +0.655 | +1.325 | +2.629 |
| Level | Minor | Major | Major | - | Minor | 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 | 9.557 | 9.758 | 10.102 | 10.303 | 10.647 | 10.848 | 11.192 |
| Camarilla | 10.295 | 10.345 | 10.395 | 10.445 | 10.495 | 10.545 | 10.595 |
| Woodie | 9.628 | 9.794 | 10.173 | 10.339 | 10.718 | 10.884 | 11.263 |
| Fibonacci | 9.758 | 9.967 | 10.095 | 10.303 | 10.512 | 10.640 | 10.848 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.380 | 8.945 | 9.695 | 10.260 | 11.010 | 11.575 | 12.325 |
| Camarilla | 10.083 | 10.204 | 10.325 | 10.445 | 10.566 | 10.686 | 10.807 |
| Woodie | 8.473 | 8.991 | 9.788 | 10.306 | 11.103 | 11.621 | 12.418 |
| Fibonacci | 8.945 | 9.447 | 9.758 | 10.260 | 10.762 | 11.073 | 11.575 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.507 | 8.125 | 9.263 | 9.881 | 11.019 | 11.637 | 12.775 |
| Camarilla | 9.917 | 10.078 | 10.239 | 10.400 | 10.561 | 10.722 | 10.883 |
| Woodie | 7.766 | 8.255 | 9.522 | 10.011 | 11.278 | 11.767 | 13.034 |
| Fibonacci | 8.125 | 8.796 | 9.211 | 9.881 | 10.552 | 10.967 | 11.637 |
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): | 78.48 | |
| MACD (12,26,9): | 0.2640 | |
| Directional Movement: | 40.839 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 10.754 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.573 | |
| Elder Ray (13): | 0.662 | |
| Super Trend (3,10): | 10.743 | |
| Zig ZAG (10): | 11.340 | |
| VORTEX (21): | 1.3940 | |
| Stochastique (14,3,5): | 98.90 | |
| TEMA (21): | 11.019 | |
| Williams %R (14): | -0.96 | |
| Chande Momentum Oscillator (20): | 1.432 | |
| Repulse (5,40,3): | 5.0960 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1710 | |
| Courbe Coppock: | 16.58 |
| MA7: | 10.327 | |
| MA20: | 10.014 | |
| MA50: | 9.439 | |
| MA100: | 10.851 | |
| MAexp7: | 10.894 | |
| MAexp20: | 10.477 | |
| MAexp50: | 10.291 | |
| MAexp100: | 10.180 | |
| Price / MA7: | +9.81% | |
| Price / MA20: | +13.24% | |
| Price / MA50: | +20.14% | |
| Price / MA100: | +4.51% | |
| Price / MAexp7: | +4.09% | |
| Price / MAexp20: | +8.24% | |
| Price / MAexp50: | +10.19% | |
| Price / MAexp100: | +11.39% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on VALLOUREC. At the time of publication of this analysis, the latest news was as follows:
- Vallourec: Disclosure of trading in own shares on 19 May 2020
- Vallourec: Monthly information relating to the total number of voting rights and shares comprising the share capital
- Vallourec launches a reverse stock split
- Vallourec reduces its workforce in North America
- Vallourec: Filing of the Vallourec 2019 Universal Registration Document including the 2019 Annual Financial Report
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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