VEOM GROUP - Daily - Technical analysis published on 04/25/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 2.240 EUR
My targets
2.827 EUR (+14.44%)
2.917 EUR (+18.10%)
My analysis
The bullish trend is currently very strong on VEOM GROUP. As long as the price remains above the support at 2.240 EUR, you could try to benefit from the boom. The first bullish objective is located at 2.827 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.917 EUR as an objective. Crossing it would then enable buyers to target 4.000 EUR. 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.
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
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Additional analysis
Quotes
The VEOM GROUP price is 2.470 EUR. On the day, this instrument gained +22.89% and was traded between 2.000 EUR and 2.490 EUR over the period. The price is currently at +23.50% from its lowest and -0.80% from its highest.2.000
2.490
2.470
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of VEOM GROUP 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 : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
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 horizontal resistance
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.355 | 1.802 | 2.200 | 2.470 | 2.490 | 2.917 | 4.000 |
| Change (%) | -45.14% | -27.04% | -10.93% | - | +0.81% | +18.10% | +61.94% |
| Change | -1.115 | -0.668 | -0.270 | - | +0.020 | +0.447 | +1.530 |
| Level | Major | Major | Major | - | Intermediate | Major | Major |
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 | 1.598 | 1.737 | 1.873 | 2.012 | 2.148 | 2.287 | 2.423 |
| Camarilla | 1.934 | 1.960 | 1.985 | 2.010 | 2.035 | 2.060 | 2.086 |
| Woodie | 1.598 | 1.736 | 1.873 | 2.011 | 2.148 | 2.286 | 2.423 |
| Fibonacci | 1.737 | 1.842 | 1.907 | 2.012 | 2.117 | 2.182 | 2.287 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.580 | 1.240 | 1.580 | 2.240 | 2.580 | 3.240 | 3.580 |
| Camarilla | 1.645 | 1.737 | 1.828 | 1.920 | 2.012 | 2.103 | 2.195 |
| Woodie | 0.420 | 1.160 | 1.420 | 2.160 | 2.420 | 3.160 | 3.420 |
| Fibonacci | 1.240 | 1.622 | 1.858 | 2.240 | 2.622 | 2.858 | 3.240 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.493 | 0.413 | 1.167 | 2.073 | 2.827 | 3.733 | 4.487 |
| Camarilla | 1.464 | 1.616 | 1.768 | 1.920 | 2.072 | 2.224 | 2.377 |
| Woodie | -0.570 | 0.375 | 1.090 | 2.035 | 2.750 | 3.695 | 4.410 |
| Fibonacci | 0.413 | 1.048 | 1.439 | 2.073 | 2.708 | 3.099 | 3.733 |
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): | 55.93 | |
| MACD (12,26,9): | 0.1110 | |
| Directional Movement: | 15.368 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 2.423 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.808 | |
| Elder Ray (13): | -0.060 | |
| Super Trend (3,10): | 1.908 | |
| Zig ZAG (10): | 2.470 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 21.60 | |
| TEMA (21): | 2.421 | |
| Williams %R (14): | -51.43 | |
| Chande Momentum Oscillator (20): | 0.330 | |
| Repulse (5,40,3): | 14.5260 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.2750 | |
| Courbe Coppock: | 37.95 |
| MA7: | 2.334 | |
| MA20: | 2.269 | |
| MA50: | 1.906 | |
| MA100: | 1.865 | |
| MAexp7: | 2.296 | |
| MAexp20: | 2.252 | |
| MAexp50: | 2.070 | |
| MAexp100: | 2.093 | |
| Price / MA7: | +5.83% | |
| Price / MA20: | +8.86% | |
| Price / MA50: | +29.59% | |
| Price / MA100: | +32.44% | |
| Price / MAexp7: | +7.58% | |
| Price / MAexp20: | +9.68% | |
| Price / MAexp50: | +19.32% | |
| Price / MAexp100: | +18.01% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on VEOM GROUP. At the time of publication of this analysis, the latest news was as follows:
- AwoX signs an agreement to acquire the Chacon Group, a leader in home automation and electrical equipment, and strengthens its position as a European leader on the Smart Home market
-
AwoX
- Cabasse and Onkyo are proud to announce distribution agreements for the Cabasse hi-fi loudspeaker ranges in Japan and the United States
- Acquisition of Cabasse by AwoX to form a world leader in Smart Home high-fidelity audio streaming systems
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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