Londinia Opportunities Analyses - 11/01/2024 (GMT) LABORAT.ROVI - 1H

- EUR (-)

- 15 min delayed data - Spain Stocks

Type:	Stocks
Ticker:	ROVI
ISIN:	ES0157261019

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Europe Stocks
Timeframe : 1H
- Analysis generated on 11/01/2024 - 15:25
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 78.65 EUR

My targets

80.20 EUR (+1.20%)

82.25 EUR (+3.79%)

My analysis

The basic bullish trend is very strong on LABORAT.ROVI 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 78.65 EUR. Crossing the first resistance at 80.20 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 82.25 EUR as an objective. Crossing it would then enable buyers to target 84.96 EUR. Caution, a return to below 78.65 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.

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

7.5

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Additional analysis

Quotes

The LABORAT.ROVI rating is 79.25 EUR. On the day, this instrument gained +1.47% with the lowest point at 77.70 EUR and the highest point at 79.30 EUR. The deviation from the price is +1.99% for the low point and -0.06% for the high point.

77.70

79.30

79.25

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of LABORAT.ROVI 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 indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	75.00	77.53	78.65	79.25	79.48	80.20	82.25
Change (%)	-5.36%	-2.17%	-0.76%	-	+0.29%	+1.20%	+3.79%
Change	-4.25	-1.72	-0.60	-	+0.23	+0.95	+3.00
Level	Major	Intermediate	Minor	-	Minor	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.97	75.23	76.67	77.93	79.37	80.63	82.07
Camarilla	77.36	77.61	77.85	78.10	78.35	78.60	78.84
Woodie	74.05	75.28	76.75	77.98	79.45	80.68	82.15
Fibonacci	75.23	76.27	76.90	77.93	78.97	79.60	80.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.27	67.48	71.12	74.33	77.97	81.18	84.82
Camarilla	72.87	73.49	74.12	74.75	75.38	76.01	76.63
Woodie	64.48	67.59	71.33	74.44	78.18	81.29	85.03
Fibonacci	67.48	70.10	71.72	74.33	76.95	78.57	81.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.97	66.83	72.47	76.33	81.97	85.83	91.47
Camarilla	75.49	76.36	77.23	78.10	78.97	79.84	80.71
Woodie	63.85	67.28	73.35	76.78	82.85	86.28	92.35
Fibonacci	66.83	70.46	72.70	76.33	79.96	82.20	85.83

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):	61.12
MACD (12,26,9):	0.3500
Directional Movement:	7.82
AROON (14):	57.15
DEMA (21):	78.88
Parabolic SAR (0,02-0,02-0,2):	77.14
Elder Ray (13):	0.50
Super Trend (3,10):	77.55
Zig ZAG (10):	79.20
VORTEX (21):	0.9900
Stochastique (14,3,5):	92.68
TEMA (21):	78.72
Williams %R (14):	-3.57
Chande Momentum Oscillator (20):	1.25
Repulse (5,40,3):	1.0800
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	0.18

MA7:	76.91
MA20:	75.75
MA50:	75.47
MA100:	79.18
MAexp7:	78.77
MAexp20:	78.39
MAexp50:	77.55
MAexp100:	76.61
Price / MA7:	+3.04%
Price / MA20:	+4.62%
Price / MA50:	+5.01%
Price / MA100:	+0.09%
Price / MAexp7:	+0.61%
Price / MAexp20:	+1.10%
Price / MAexp50:	+2.19%
Price / MAexp100:	+3.45%

Quotes : 11/01/2024 - 14:55 - 15 min delayed data - Actions Espagne

News

The latest news and videos published on LABORAT.ROVI at the time of the analysis were as follows:

12/11/2020 - 08:00 Laboratorios Farmacéuticos ROVI (ROVI): All good things come in threes
12/04/2019 - 15:22 Edison Investment Research Limited: Edison issues outlook on Laboratorios Farmacéuticos ROVI (ROVI)