ELIOR GROUP - 1H - Technical analysis published on 11/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 2.270 EUR
My targets
2.169 EUR (-1.32%)
2.022 EUR (-8.01%)
My analysis
The strong short-term decline in ELIOR GROUP calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 2.270 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 2.169 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.022 EUR as an objective. Crossing it would then enable sellers to target 1.934 EUR. Be careful, a return to above 2.270 EUR could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.4
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Additional analysis
Quotes
ELIOR GROUP rating 2.198 EUR. On the day, this instrument gained +3.10% and was traded between 2.088 EUR and 2.244 EUR over the period. The price is currently at +5.27% from its lowest and -2.05% from its highest.2.088
2.244
2.198
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ELIOR GROUP:
Technical
A technical analysis in 1H of this ELIOR GROUP chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.934 | 2.022 | 2.169 | 2.198 | 2.270 | 2.376 | 2.442 |
| Change (%) | -12.01% | -8.01% | -1.32% | - | +3.28% | +8.10% | +11.10% |
| Change | -0.264 | -0.176 | -0.029 | - | +0.072 | +0.178 | +0.244 |
| Level | Intermediate | Major | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.694 | 1.908 | 2.020 | 2.234 | 2.346 | 2.560 | 2.672 |
| Camarilla | 2.042 | 2.072 | 2.102 | 2.132 | 2.162 | 2.192 | 2.222 |
| Woodie | 1.643 | 1.883 | 1.969 | 2.209 | 2.295 | 2.535 | 2.621 |
| Fibonacci | 1.908 | 2.033 | 2.110 | 2.234 | 2.359 | 2.436 | 2.560 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.817 | 1.919 | 2.065 | 2.167 | 2.313 | 2.415 | 2.561 |
| Camarilla | 2.142 | 2.165 | 2.187 | 2.210 | 2.233 | 2.256 | 2.278 |
| Woodie | 1.838 | 1.930 | 2.086 | 2.178 | 2.334 | 2.426 | 2.582 |
| Fibonacci | 1.919 | 2.014 | 2.073 | 2.167 | 2.262 | 2.321 | 2.415 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.232 | 1.451 | 1.851 | 2.070 | 2.470 | 2.689 | 3.089 |
| Camarilla | 2.080 | 2.137 | 2.193 | 2.250 | 2.307 | 2.364 | 2.420 |
| Woodie | 1.322 | 1.496 | 1.941 | 2.115 | 2.560 | 2.734 | 3.179 |
| Fibonacci | 1.451 | 1.688 | 1.834 | 2.070 | 2.307 | 2.453 | 2.689 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.86 | |
| MACD (12,26,9): | -0.0260 | |
| Directional Movement: | -6.037 | |
| AROON (14): | -64.285 | |
| DEMA (21): | 2.216 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.244 | |
| Elder Ray (13): | -0.029 | |
| Super Trend (3,10): | 2.267 | |
| Zig ZAG (10): | 2.188 | |
| VORTEX (21): | 0.8950 | |
| Stochastique (14,3,5): | 25.74 | |
| TEMA (21): | 2.172 | |
| Williams %R (14): | -70.56 | |
| Chande Momentum Oscillator (20): | -0.218 | |
| Repulse (5,40,3): | -0.8870 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0290 | |
| Courbe Coppock: | 14.20 |
| MA7: | 2.230 | |
| MA20: | 2.034 | |
| MA50: | 2.475 | |
| MA100: | 2.558 | |
| MAexp7: | 2.191 | |
| MAexp20: | 2.238 | |
| MAexp50: | 2.225 | |
| MAexp100: | 2.161 | |
| Price / MA7: | -1.43% | |
| Price / MA20: | +8.06% | |
| Price / MA50: | -11.19% | |
| Price / MA100: | -14.07% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | -1.79% | |
| Price / MAexp50: | -1.21% | |
| Price / MAexp100: | +1.71% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on ELIOR GROUP at the time of the generation of this analysis was as follows:
- Outstanding Shares and Voting Rights – Monthly Statement
- Elior Group: Outstanding Shares and Voting Rights – Monthly Statement
- ELIOR GROUP: OUTSTANDING SHARES AND VOTING RIGHTS – MONTHLY STATEMENT
- Elior Group: Nine-Month Revenues for 2021-2022
- ELIOR GROUP: Half-Year Statement of the Liquidity Contract
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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