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VALLOUREC
VALLOUREC
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: VK
ISIN: FR0013506730

VALLOUREC - 1H - Technical analysis published on 07/06/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
22%
56%
22%
My opinion
Bullish above 10.763 EUR
My targets
11.175 EUR (+2.90%)
11.901 EUR (+9.59%)
My analysis
With a bullish background trend, the price of VALLOUREC is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 10.763 EUR. A bullish break in the resistance located at 11.175 EUR would boost the bullish momentum and fuel the basic trend. Then the price could move towards 11.901 EUR. Then 12.712 EUR by extension. It would be safer to wait for a bullish break in the resistance located at 11.175 EUR before allowing yourself to re trade long positions (at purchase) on VALLOUREC. PS: if there is a bearish break in the support located at 10.763 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
0.4

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The VALLOUREC rating is 10.860 EUR. The price is lower by -0.09% since the last closing with the lowest point at 10.730 EUR and the highest point at 10.910 EUR. The deviation from the price is +1.21% for the low point and -0.46% for the high point.

10.730
10.910
10.860

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

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of VALLOUREC indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.445 10.578 10.763 10.860 10.875 11.175 11.901
Change (%) -3.82% -2.60% -0.89% - +0.14% +2.90% +9.59%
Change -0.415 -0.282 -0.097 - +0.015 +0.315 +1.041
Level Minor Minor Minor - Minor Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.45510.63010.75010.92511.04511.22011.340
Camarilla10.78910.81610.84310.87010.89710.92410.951
Woodie10.42810.61610.72310.91111.01811.20611.313
Fibonacci10.63010.74310.81210.92511.03811.10711.220


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.1879.56810.19710.57811.20711.58812.217
Camarilla10.54710.64010.73210.82510.91811.01011.103
Woodie9.3109.63010.32010.64011.33011.65012.340
Fibonacci9.5689.95410.19310.57810.96411.20311.588


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.7509.21910.02210.49111.29411.76312.566
Camarilla10.47510.59210.70810.82510.94211.05811.175
Woodie8.9179.30310.18910.57511.46111.84712.733
Fibonacci9.2199.70510.00510.49110.97711.27711.763

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): 46.50
MACD (12,26,9): -0.0080
Directional Movement: -12.896
AROON (14): -71.428
DEMA (21): 10.948
Parabolic SAR (0,02-0,02-0,2): 11.054
Elder Ray (13): -0.052
Super Trend (3,10): 10.810
Zig ZAG (10): 10.895
VORTEX (21): 0.9170
Stochastique (14,3,5): 27.95
TEMA (21): 10.866
Williams %R (14): -62.92
Chande Momentum Oscillator (20): -0.180
Repulse (5,40,3): 1.0480
ROCnROLL: -1
TRIX (15,9): 0.0310
Courbe Coppock: 2.66
MA7: 10.821
MA20: 10.465
MA50: 10.384
MA100: 11.374
MAexp7: 10.894
MAexp20: 10.933
MAexp50: 10.834
MAexp100: 10.664
Price / MA7: +0.36%
Price / MA20: +3.77%
Price / MA50: +4.58%
Price / MA100: -4.52%
Price / MAexp7: -0.31%
Price / MAexp20: -0.67%
Price / MAexp50: +0.24%
Price / MAexp100: +1.84%

Quotes : - 15 min delayed data - Euronext Paris

News


The last news published on VALLOUREC at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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