VALLOUREC

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	VK
ISIN:	FR0013506730

VALLOUREC - Daily - Technical analysis published on 04/11/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 15.868 EUR

My targets

20.163 EUR (+12.17%)

22.977 EUR (+27.83%)

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 15.868 EUR. The buyers' bullish objective is set at 20.163 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 22.977 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, 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

7.9

Comment on the analysis

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.

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Additional analysis

Quotes

VALLOUREC rating 17.975 EUR. On the day, this instrument gained +1.41% and was traded between 17.820 EUR and 18.030 EUR over the period. The price is currently at +0.87% from its lowest and -0.31% from its highest.

17.820

18.030

17.975

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of VALLOUREC indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.338	12.982	13.969	17.975	83.286	200.012	397.025
Change (%)	-36.92%	-27.78%	-22.29%	-	+363.34%	+1,012.72%	+2,108.76%
Change	-6.637	-4.993	-4.006	-	+65.311	+182.037	+379.050
Level	Minor	Intermediate	Major	-	Minor	Minor	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	17.142	17.348	17.537	17.743	17.932	18.138	18.327
Camarilla	17.616	17.653	17.689	17.725	17.761	17.797	17.834
Woodie	17.133	17.344	17.528	17.739	17.923	18.134	18.318
Fibonacci	17.348	17.499	17.592	17.743	17.894	17.987	18.138

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.670	16.985	17.410	17.725	18.150	18.465	18.890
Camarilla	17.632	17.699	17.767	17.835	17.903	17.971	18.039
Woodie	16.725	17.013	17.465	17.753	18.205	18.493	18.945
Fibonacci	16.985	17.268	17.442	17.725	18.008	18.182	18.465

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.092	11.573	14.387	15.868	18.682	20.163	22.977
Camarilla	16.019	16.413	16.806	17.200	17.594	17.987	18.381
Woodie	10.758	11.906	15.053	16.201	19.348	20.496	23.643
Fibonacci	11.573	13.214	14.228	15.868	17.509	18.523	20.163

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):	72.41
MACD (12,26,9):	0.8460
Directional Movement:	19.540
AROON (14):	85.714
DEMA (21):	18.143
Parabolic SAR (0,02-0,02-0,2):	18.200
Elder Ray (13):	0.457
Super Trend (3,10):	16.601
Zig ZAG (10):	17.950
VORTEX (21):	1.2110
Stochastique (14,3,5):	77.95
TEMA (21):	18.369
Williams %R (14):	-15.25
Chande Momentum Oscillator (20):	1.010
Repulse (5,40,3):	0.7050
ROCnROLL:	1
TRIX (15,9):	0.8520
Courbe Coppock:	18.62

MA7:	17.874
MA20:	17.128
MA50:	15.108
MA100:	14.336
MAexp7:	17.774
MAexp20:	17.008
MAexp50:	15.681
MAexp100:	14.569
Price / MA7:	+0.57%
Price / MA20:	+4.95%
Price / MA50:	+18.98%
Price / MA100:	+25.38%
Price / MAexp7:	+1.13%
Price / MAexp20:	+5.69%
Price / MAexp50:	+14.63%
Price / MAexp100:	+23.38%

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.

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