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 03/13/2024 (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: Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 15.050 EUR
My targets
16.072 EUR (+1.50%)
16.798 EUR (+6.08%)
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 15.050 EUR. The buyers' bullish objective is set at 16.072 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.798 EUR. If there is any crossing, the next objective would be the resistance located at 83.286 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.8

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:
15 min. Daily Weekly

Additional analysis

Quotes

VALLOUREC rating 15.835 EUR. The price has increased by +6.71% since the last closing and was between 15.710 EUR and 16.290 EUR. This implies that the price is at +0.80% from its lowest and at -2.79% from its highest.

15.710
16.290
15.835

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by VALLOUREC:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


A technical analysis in 1H of this VALLOUREC chart shows a strongly bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

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 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 14.385 14.724 15.050 15.835 16.072 83.286 200.012
Change (%) -9.16% -7.02% -4.96% - +1.50% +425.96% +1,163.10%
Change -1.450 -1.111 -0.785 - +0.237 +67.451 +184.177
Level Minor Minor Intermediate - Intermediate Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.18514.40014.62014.83515.05515.27015.490
Camarilla14.72014.76014.80014.84014.88014.92014.960
Woodie14.18814.40114.62314.83615.05815.27115.493
Fibonacci14.40014.56614.66914.83515.00115.10415.270


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.07312.66213.64814.23715.22315.81216.798
Camarilla14.20214.34614.49114.63514.77914.92415.068
Woodie12.27312.76113.84814.33615.42315.91116.998
Fibonacci12.66213.26313.63514.23714.83815.21015.812


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.83311.87712.95313.99715.07316.11717.193
Camarilla13.44713.64113.83614.03014.22414.41914.613
Woodie10.85011.88512.97014.00515.09016.12517.210
Fibonacci11.87712.68713.18713.99714.80715.30716.117

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 78.69
MACD (12,26,9): 0.1800
Directional Movement: 49.329
AROON (14): 85.714
DEMA (21): 15.054
Parabolic SAR (0,02-0,02-0,2): 14.496
Elder Ray (13): 1.064
Super Trend (3,10): 15.169
Zig ZAG (10): 15.900
VORTEX (21): 1.0200
Stochastique (14,3,5): 68.80
TEMA (21): 15.127
Williams %R (14): -24.58
Chande Momentum Oscillator (20): 1.295
Repulse (5,40,3): -1.2040
ROCnROLL: 1
TRIX (15,9): 0.1100
Courbe Coppock: 5.64
MA7: 14.666
MA20: 13.977
MA50: 13.750
MA100: 13.319
MAexp7: 15.074
MAexp20: 14.847
MAexp50: 14.564
MAexp100: 14.278
Price / MA7: +7.97%
Price / MA20: +13.29%
Price / MA50: +15.16%
Price / MA100: +18.89%
Price / MAexp7: +5.05%
Price / MAexp20: +6.65%
Price / MAexp50: +8.73%
Price / MAexp100: +10.90%

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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