Londinia Opportunities Analyses - 05/02/2024 (GMT) ORPEA - 1H

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	ORP
ISIN:	FR001400NLM4

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 13.250 EUR

My targets

13.467 EUR (+0.87%)

14.100 EUR (+5.62%)

My analysis

The basic bullish trend is very strong on ORPEA but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 13.250 EUR. Crossing the first resistance at 13.467 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 14.100 EUR as an objective. Crossing it would then enable buyers to target 57.596 EUR. Caution, a return to below 13.250 EUR would be a sign of a consolidation phase in the short-term basic trend. 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 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

7.9

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Additional analysis

Quotes

ORPEA rating 13.350 EUR. The price registered an increase of +4.30% on the session and was between 12.728 EUR and 13.414 EUR. This implies that the price is at +4.89% from its lowest and at -0.48% from its highest.

12.728

13.414

13.350

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

A study of price movements over other periods shows the following variations:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of ORPEA in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. 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.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.989	12.772	13.250	13.350	14.100	57.596	108.423
Change (%)	-10.19%	-4.33%	-0.75%	-	+5.62%	+331.43%	+712.16%
Change	-1.361	-0.578	-0.100	-	+0.750	+44.246	+95.073
Level	Major	Minor	Intermediate	-	Minor	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.733	11.667	12.233	13.167	13.733	14.667	15.233
Camarilla	12.388	12.525	12.663	12.800	12.938	13.075	13.213
Woodie	10.550	11.575	12.050	13.075	13.550	14.575	15.050
Fibonacci	11.667	12.240	12.594	13.167	13.740	14.094	14.667

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.367	11.033	11.917	12.583	13.467	14.133	15.017
Camarilla	12.374	12.516	12.658	12.800	12.942	13.084	13.226
Woodie	10.475	11.088	12.025	12.638	13.575	14.188	15.125
Fibonacci	11.033	11.625	11.991	12.583	13.175	13.541	14.133

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.400	8.200	10.500	12.300	14.600	16.400	18.700
Camarilla	11.673	12.048	12.424	12.800	13.176	13.552	13.928
Woodie	6.650	8.325	10.750	12.425	14.850	16.525	18.950
Fibonacci	8.200	9.766	10.734	12.300	13.866	14.834	16.400

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):	57.28
MACD (12,26,9):	0.0870
Directional Movement:	11.947
AROON (14):	-21.429
DEMA (21):	13.296
Parabolic SAR (0,02-0,02-0,2):	12.616
Elder Ray (13):	0.109
Super Trend (3,10):	13.742
Zig ZAG (10):	13.338
VORTEX (21):	0.9520
Stochastique (14,3,5):	73.49
TEMA (21):	13.238
Williams %R (14):	-4.23
Chande Momentum Oscillator (20):	0.420
Repulse (5,40,3):	1.7120
ROCnROLL:	1
TRIX (15,9):	0.0870
Courbe Coppock:	2.33

MA7:	12.799
MA20:	11.856
MA50:	11.879
MA100:	13.212
MAexp7:	13.263
MAexp20:	13.168
MAexp50:	12.910
MAexp100:	12.514
Price / MA7:	+4.31%
Price / MA20:	+12.60%
Price / MA50:	+12.38%
Price / MA100:	+1.04%
Price / MAexp7:	+0.66%
Price / MAexp20:	+1.38%
Price / MAexp50:	+3.41%
Price / MAexp100:	+6.68%

Quotes : - 15 min delayed data - Euronext Paris

News

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