VALLOUREC - 1H - Technical analysis published on 10/17/2022 (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:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 10.134 EUR
My targets
10.354 EUR (+0.87%)
10.836 EUR (+5.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VALLOUREC as long as the price remains well above 10.134 EUR. The buyers' bullish objective is set at 10.354 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.836 EUR. If there is any crossing, the next objective would be the resistance located at 11.300 EUR.
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
6.1
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 VALLOUREC price is 10.265 EUR. The price has increased by +5.59% since the last closing with the lowest point at 9.950 EUR and the highest point at 10.275 EUR. The deviation from the price is +3.17% for the low point and -0.10% for the high point.9.950
10.275
10.265
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of VALLOUREC indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
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 : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.339 | 9.702 | 10.134 | 10.265 | 10.836 | 11.300 | 11.995 |
| Change (%) | -9.02% | -5.48% | -1.28% | - | +5.56% | +10.08% | +16.85% |
| Change | -0.926 | -0.563 | -0.131 | - | +0.571 | +1.035 | +1.730 |
| Level | Major | Minor | Major | - | Major | Intermediate | Minor |
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 | 9.095 | 9.385 | 9.554 | 9.844 | 10.013 | 10.303 | 10.472 |
| Camarilla | 9.596 | 9.638 | 9.680 | 9.722 | 9.764 | 9.806 | 9.848 |
| Woodie | 9.034 | 9.355 | 9.493 | 9.814 | 9.952 | 10.273 | 10.411 |
| Fibonacci | 9.385 | 9.561 | 9.669 | 9.844 | 10.020 | 10.128 | 10.303 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.118 | 8.750 | 9.236 | 9.868 | 10.354 | 10.986 | 11.472 |
| Camarilla | 9.415 | 9.517 | 9.620 | 9.722 | 9.825 | 9.927 | 10.030 |
| Woodie | 8.045 | 8.714 | 9.163 | 9.832 | 10.281 | 10.950 | 11.399 |
| Fibonacci | 8.750 | 9.177 | 9.441 | 9.868 | 10.295 | 10.559 | 10.986 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.164 | 7.620 | 8.763 | 10.219 | 11.362 | 12.818 | 13.961 |
| Camarilla | 9.191 | 9.430 | 9.668 | 9.906 | 10.144 | 10.383 | 10.621 |
| Woodie | 6.008 | 7.542 | 8.607 | 10.141 | 11.206 | 12.740 | 13.805 |
| Fibonacci | 7.620 | 8.613 | 9.226 | 10.219 | 11.212 | 11.825 | 12.818 |
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): | 61.54 | |
| MACD (12,26,9): | 0.0750 | |
| Directional Movement: | 17.511 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 9.993 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.785 | |
| Elder Ray (13): | 0.244 | |
| Super Trend (3,10): | 9.739 | |
| Zig ZAG (10): | 10.245 | |
| VORTEX (21): | 1.1250 | |
| Stochastique (14,3,5): | 89.36 | |
| TEMA (21): | 10.124 | |
| Williams %R (14): | -5.01 | |
| Chande Momentum Oscillator (20): | 0.155 | |
| Repulse (5,40,3): | 1.2670 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 6.03 |
| MA7: | 9.989 | |
| MA20: | 10.068 | |
| MA50: | 9.992 | |
| MA100: | 10.325 | |
| MAexp7: | 10.073 | |
| MAexp20: | 9.929 | |
| MAexp50: | 9.950 | |
| MAexp100: | 10.031 | |
| Price / MA7: | +2.76% | |
| Price / MA20: | +1.96% | |
| Price / MA50: | +2.73% | |
| Price / MA100: | -0.58% | |
| Price / MAexp7: | +1.91% | |
| Price / MAexp20: | +3.38% | |
| Price / MAexp50: | +3.17% | |
| Price / MAexp100: | +2.33% |
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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