VOPAK - Daily - Technical analysis published on 10/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 46.23 EUR
My targets
48.88 EUR (+0.25%)
57.94 EUR (+18.83%)
My analysis
VOPAK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 46.23 EUR. The next resistance located at 48.88 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 57.94 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VOPAK price is 48.76 EUR. The price is lower by -0.21% since the last closing and was between 48.69 EUR and 48.93 EUR. This implies that the price is at +0.14% from its lowest and at -0.35% from its highest.48.69
48.93
48.76
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
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
A technical analysis in Daily of this VOPAK chart shows a strongly bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 42.91 | 45.10 | 46.23 | 48.76 | 48.88 | 57.94 |
| Change (%) | -12.00% | -7.51% | -5.19% | - | +0.25% | +18.83% |
| Change | -5.85 | -3.66 | -2.53 | - | +0.12 | +9.18 |
| Level | Major | Major | Major | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.10 | 48.31 | 48.58 | 48.79 | 49.06 | 49.27 | 49.54 |
| Camarilla | 48.73 | 48.77 | 48.82 | 48.86 | 48.90 | 48.95 | 48.99 |
| Woodie | 48.14 | 48.33 | 48.62 | 48.81 | 49.10 | 49.29 | 49.58 |
| Fibonacci | 48.31 | 48.49 | 48.60 | 48.79 | 48.97 | 49.08 | 49.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.48 | 47.15 | 47.73 | 48.40 | 48.98 | 49.65 | 50.23 |
| Camarilla | 47.96 | 48.07 | 48.19 | 48.30 | 48.42 | 48.53 | 48.64 |
| Woodie | 46.43 | 47.13 | 47.68 | 48.38 | 48.93 | 49.63 | 50.18 |
| Fibonacci | 47.15 | 47.63 | 47.93 | 48.40 | 48.88 | 49.18 | 49.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.60 | 41.23 | 44.20 | 45.83 | 48.80 | 50.43 | 53.40 |
| Camarilla | 45.90 | 46.32 | 46.74 | 47.16 | 47.58 | 48.00 | 48.43 |
| Woodie | 40.26 | 41.57 | 44.86 | 46.17 | 49.46 | 50.77 | 54.06 |
| Fibonacci | 41.23 | 42.99 | 44.08 | 45.83 | 47.59 | 48.68 | 50.43 |
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): | 66.31 | |
| MACD (12,26,9): | 0.9300 | |
| Directional Movement: | 18.04 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 49.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 48.21 | |
| Elder Ray (13): | 0.56 | |
| Super Trend (3,10): | 46.88 | |
| Zig ZAG (10): | 48.79 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 89.02 | |
| TEMA (21): | 49.19 | |
| Williams %R (14): | -10.27 | |
| Chande Momentum Oscillator (20): | 0.28 | |
| Repulse (5,40,3): | 0.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3200 | |
| Courbe Coppock: | 6.94 |
| MA7: | 48.64 | |
| MA20: | 47.91 | |
| MA50: | 45.55 | |
| MA100: | 43.71 | |
| MAexp7: | 48.58 | |
| MAexp20: | 47.77 | |
| MAexp50: | 46.09 | |
| MAexp100: | 44.40 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | +1.77% | |
| Price / MA50: | +7.05% | |
| Price / MA100: | +11.55% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +2.05% | |
| Price / MAexp50: | +5.77% | |
| Price / MAexp100: | +9.80% |
News
The latest news and videos published on VOPAK at the time of the analysis were as follows:
- Royal Vopak: Update divestment terminal in Algeciras
- Vopak completes divestment of terminals in Amsterdam and Hamburg
- Vopak reports on HY1 2019
- Resolutions passed by Vopak's Annual General Meeting
- Royal Vopak: Interim Update Q1 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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