WENDEL

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	MF
ISIN:	FR0000121204

WENDEL - 1H - Technical analysis published on 04/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

56%

My opinion

Bullish above 92.58 EUR

My targets

94.54 EUR (+0.63%)

95.40 EUR (+1.54%)

My analysis

WENDEL 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 92.58 EUR. The next resistance located at 94.54 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 95.40 EUR. After this resistance, buyers could then target 99.30 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.

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

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.

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

Additional analysis

Quotes

The WENDEL rating is 93.95 EUR. The price is lower by -0.16% since the last closing and was traded between 93.65 EUR and 94.80 EUR over the period. The price is currently at +0.32% from its lowest and -0.90% from its highest.

93.65

94.80

93.95

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

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 results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of WENDEL indicates that the overall trend is strongly bullish. 89.29% 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 detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	91.35	92.58	93.50	93.95	94.54	95.40	99.30
Change (%)	-2.77%	-1.46%	-0.48%	-	+0.63%	+1.54%	+5.69%
Change	-2.60	-1.37	-0.45	-	+0.59	+1.45	+5.35
Level	Intermediate	Intermediate	Intermediate	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.37	92.03	93.07	93.73	94.77	95.43	96.47
Camarilla	93.63	93.79	93.94	94.10	94.26	94.41	94.57
Woodie	91.55	92.13	93.25	93.83	94.95	95.53	96.65
Fibonacci	92.03	92.68	93.08	93.73	94.38	94.78	95.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	90.48	91.37	92.73	93.62	94.98	95.87	97.23
Camarilla	93.48	93.69	93.89	94.10	94.31	94.51	94.72
Woodie	90.73	91.49	92.98	93.74	95.23	95.99	97.48
Fibonacci	91.37	92.23	92.76	93.62	94.48	95.01	95.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.53	85.97	90.28	92.72	97.03	99.47	103.78
Camarilla	92.74	93.36	93.98	94.60	95.22	95.84	96.46
Woodie	84.48	86.44	91.23	93.19	97.98	99.94	104.73
Fibonacci	85.97	88.55	90.14	92.72	95.30	96.89	99.47

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):	52.05
MACD (12,26,9):	0.1500
Directional Movement:	-1.17
AROON (14):	64.29
DEMA (21):	94.10
Parabolic SAR (0,02-0,02-0,2):	93.04
Elder Ray (13):	-0.10
Super Trend (3,10):	93.18
Zig ZAG (10):	93.95
VORTEX (21):	1.0700
Stochastique (14,3,5):	58.73
TEMA (21):	94.15
Williams %R (14):	-40.48
Chande Momentum Oscillator (20):	0.05
Repulse (5,40,3):	-0.1100
ROCnROLL:	-1
TRIX (15,9):	0.0300
Courbe Coppock:	0.66

MA7:	93.44
MA20:	93.58
MA50:	91.36
MA100:	86.19
MAexp7:	94.00
MAexp20:	93.89
MAexp50:	93.68
MAexp100:	93.56
Price / MA7:	+0.55%
Price / MA20:	+0.40%
Price / MA50:	+2.83%
Price / MA100:	+9.00%
Price / MAexp7:	-0.05%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.29%
Price / MAexp100:	+0.42%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on WENDEL. At the time of publication of this analysis, the latest news was as follows:

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

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