VALLOUREC - 1H - Technical analysis published on 03/13/2024 (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
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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VALLOUREC:
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:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 14.185 | 14.400 | 14.620 | 14.835 | 15.055 | 15.270 | 15.490 |
| Camarilla | 14.720 | 14.760 | 14.800 | 14.840 | 14.880 | 14.920 | 14.960 |
| Woodie | 14.188 | 14.401 | 14.623 | 14.836 | 15.058 | 15.271 | 15.493 |
| Fibonacci | 14.400 | 14.566 | 14.669 | 14.835 | 15.001 | 15.104 | 15.270 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.073 | 12.662 | 13.648 | 14.237 | 15.223 | 15.812 | 16.798 |
| Camarilla | 14.202 | 14.346 | 14.491 | 14.635 | 14.779 | 14.924 | 15.068 |
| Woodie | 12.273 | 12.761 | 13.848 | 14.336 | 15.423 | 15.911 | 16.998 |
| Fibonacci | 12.662 | 13.263 | 13.635 | 14.237 | 14.838 | 15.210 | 15.812 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.833 | 11.877 | 12.953 | 13.997 | 15.073 | 16.117 | 17.193 |
| Camarilla | 13.447 | 13.641 | 13.836 | 14.030 | 14.224 | 14.419 | 14.613 |
| Woodie | 10.850 | 11.885 | 12.970 | 14.005 | 15.090 | 16.125 | 17.210 |
| Fibonacci | 11.877 | 12.687 | 13.187 | 13.997 | 14.807 | 15.307 | 16.117 |
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
News
The latest news and videos published on VALLOUREC at the time of the analysis were as follows:
- Hilco Global Announces Sale of All Assets at Vallourec Deutschland GmbH
- Hilco Global Announces Sale of All Assets at Vallourec Deutschland GmbH
- 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
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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