NEOEN - Daily - Technical analysis published on 10/01/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 22.70 EUR
My targets
24.15 EUR (+0.62%)
24.95 EUR (+3.96%)
My analysis
The bullish trend is currently very strong on NEOEN. As long as the price remains above the support at 22.70 EUR, you could try to benefit from the boom. The first bullish objective is located at 24.15 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.95 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.1
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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
NEOEN rating 24.00 EUR. The price is lower by -1.64% since the last closing and was traded between 23.80 EUR and 24.55 EUR over the period. The price is currently at +0.84% from its lowest and -2.24% from its highest.23.80
24.55
24.00
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of NEOEN in Daily shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 18.80 | 20.62 | 22.70 | 24.00 | 24.15 | 24.95 |
| Change (%) | -21.67% | -14.08% | -5.42% | - | +0.62% | +3.96% |
| Change | -5.20 | -3.38 | -1.30 | - | +0.15 | +0.95 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.10 | 23.40 | 23.90 | 24.20 | 24.70 | 25.00 | 25.50 |
| Camarilla | 24.18 | 24.25 | 24.33 | 24.40 | 24.47 | 24.55 | 24.62 |
| Woodie | 23.20 | 23.45 | 24.00 | 24.25 | 24.80 | 25.05 | 25.60 |
| Fibonacci | 23.40 | 23.71 | 23.89 | 24.20 | 24.51 | 24.69 | 25.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.48 | 22.72 | 23.33 | 24.57 | 25.18 | 26.42 | 27.03 |
| Camarilla | 23.44 | 23.61 | 23.78 | 23.95 | 24.12 | 24.29 | 24.46 |
| Woodie | 21.18 | 22.56 | 23.03 | 24.41 | 24.88 | 26.26 | 26.73 |
| Fibonacci | 22.72 | 23.42 | 23.86 | 24.57 | 25.27 | 25.71 | 26.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.87 | 20.53 | 22.47 | 24.13 | 26.07 | 27.73 | 29.67 |
| Camarilla | 23.41 | 23.74 | 24.07 | 24.40 | 24.73 | 25.06 | 25.39 |
| Woodie | 19.00 | 20.60 | 22.60 | 24.20 | 26.20 | 27.80 | 29.80 |
| Fibonacci | 20.53 | 21.91 | 22.76 | 24.13 | 25.51 | 26.36 | 27.73 |
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): | 53.43 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | 15.38 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 24.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.64 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 23.17 | |
| Zig ZAG (10): | 24.00 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 48.85 | |
| TEMA (21): | 24.41 | |
| Williams %R (14): | -63.16 | |
| Chande Momentum Oscillator (20): | 0.80 | |
| Repulse (5,40,3): | -4.2800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 8.58 |
| MA7: | 24.44 | |
| MA20: | 23.81 | |
| MA50: | 23.14 | |
| MA100: | 21.79 | |
| MAexp7: | 24.17 | |
| MAexp20: | 23.90 | |
| MAexp50: | 23.12 | |
| MAexp100: | 22.13 | |
| Price / MA7: | -1.80% | |
| Price / MA20: | +0.80% | |
| Price / MA50: | +3.72% | |
| Price / MA100: | +10.14% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +3.81% | |
| Price / MAexp100: | +8.45% |
This member declared not having a position on this financial instrument or a related financial instrument.
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