ELIOR GROUP - 1H - Technical analysis published on 05/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 3.295 EUR
My targets
4.029 EUR (+3.47%)
5.980 EUR (+53.57%)
My analysis
The bullish trend is currently very strong on ELIOR GROUP. As long as the price remains above the support at 3.295 EUR, you could try to benefit from the boom. The first bullish objective is located at 4.029 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.980 EUR as an objective. Crossing it would then enable buyers to target 7.590 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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Additional analysis
Quotes
The ELIOR GROUP rating is 3.894 EUR. The price registered an increase of +27.51% on the session with the lowest point at 3.312 EUR and the highest point at 3.980 EUR. The deviation from the price is +17.57% for the low point and -2.16% for the high point.3.312
3.980
3.894
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on ELIOR GROUP were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this ELIOR GROUP chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.925 | 3.020 | 3.100 | 3.894 | 4.029 | 5.980 | 7.590 |
| Change (%) | -24.88% | -22.44% | -20.39% | - | +3.47% | +53.57% | +94.92% |
| Change | -0.969 | -0.874 | -0.794 | - | +0.135 | +2.086 | +3.696 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.936 | 2.978 | 3.016 | 3.058 | 3.096 | 3.138 | 3.176 |
| Camarilla | 3.032 | 3.039 | 3.047 | 3.054 | 3.061 | 3.069 | 3.076 |
| Woodie | 2.934 | 2.977 | 3.014 | 3.057 | 3.094 | 3.137 | 3.174 |
| Fibonacci | 2.978 | 3.009 | 3.027 | 3.058 | 3.089 | 3.107 | 3.138 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.409 | 2.501 | 2.619 | 2.711 | 2.829 | 2.921 | 3.039 |
| Camarilla | 2.678 | 2.698 | 2.717 | 2.736 | 2.755 | 2.775 | 2.794 |
| Woodie | 2.421 | 2.508 | 2.631 | 2.718 | 2.841 | 2.928 | 3.051 |
| Fibonacci | 2.501 | 2.582 | 2.631 | 2.711 | 2.792 | 2.841 | 2.921 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.747 | 1.941 | 2.263 | 2.457 | 2.779 | 2.973 | 3.295 |
| Camarilla | 2.442 | 2.489 | 2.537 | 2.584 | 2.631 | 2.679 | 2.726 |
| Woodie | 1.810 | 1.973 | 2.326 | 2.489 | 2.842 | 3.005 | 3.358 |
| Fibonacci | 1.941 | 2.138 | 2.260 | 2.457 | 2.654 | 2.776 | 2.973 |
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): | 83.15 | |
| MACD (12,26,9): | 0.2590 | |
| Directional Movement: | 48.478 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 3.696 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.217 | |
| Elder Ray (13): | 0.353 | |
| Super Trend (3,10): | 3.534 | |
| Zig ZAG (10): | 3.882 | |
| VORTEX (21): | 1.3110 | |
| Stochastique (14,3,5): | 92.28 | |
| TEMA (21): | 3.857 | |
| Williams %R (14): | -8.54 | |
| Chande Momentum Oscillator (20): | 0.832 | |
| Repulse (5,40,3): | 2.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8380 | |
| Courbe Coppock: | 44.98 |
| MA7: | 2.991 | |
| MA20: | 2.659 | |
| MA50: | 2.487 | |
| MA100: | 2.561 | |
| MAexp7: | 3.729 | |
| MAexp20: | 3.389 | |
| MAexp50: | 3.093 | |
| MAexp100: | 2.889 | |
| Price / MA7: | +30.19% | |
| Price / MA20: | +46.45% | |
| Price / MA50: | +56.57% | |
| Price / MA100: | +52.05% | |
| Price / MAexp7: | +4.42% | |
| Price / MAexp20: | +14.90% | |
| Price / MAexp50: | +25.90% | |
| Price / MAexp100: | +34.79% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on ELIOR GROUP at the time of the analysis were as follows:
- Elior: Outstanding Shares and Voting Rights – Monthly Statement
- Elior Group: Solid Third-Quarter Organic Growth; Revision of the Adjusted EBITA Margin Outlook
- ELIOR GROUP: Half-year Statement of the Liquidity Contract
- ELIOR Group: Outstanding Shares and Voting Rights – Monthly Statement
- Elior Group: Outstanding Shares and Voting Rights – Monthly Statement
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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