Londinia Opportunities Analyses - 11/18/2024 (GMT) PERNOD RICARD - 1H
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EUR
(-)
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15 min delayed data - Euronext Paris
| Type: | Stocks |
| Ticker: | RI |
| ISIN: | FR0000120693 |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 110.83 EUR
My targets
105.08 EUR (-3.86%)
101.62 EUR (-7.03%)
My analysis
PERNOD RICARD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 110.83 EUR. The next support located at 105.08 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 101.62 EUR. Below this support, sellers could then target 82.29 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4
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Additional analysis
Quotes
The PERNOD RICARD rating is 109.30 EUR. The price has increased by +0.23% since the last closing with the lowest point at 109.00 EUR and the highest point at 109.70 EUR. The deviation from the price is +0.28% for the low point and -0.36% for the high point.109.00
109.70
109.30
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
Here is a more detailed summary of the historical variations registered by PERNOD RICARD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PERNOD RICARD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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 bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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 support of channel
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 | 29.93 | 56.15 | 82.29 | 109.30 | 110.83 | 113.97 | 121.05 |
| Change (%) | -72.62% | -48.63% | -24.71% | - | +1.40% | +4.27% | +10.75% |
| Change | -79.37 | -53.15 | -27.01 | - | +1.53 | +4.67 | +11.75 |
| Level | Minor | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.02 | 107.48 | 108.27 | 109.73 | 110.52 | 111.98 | 112.77 |
| Camarilla | 108.43 | 108.64 | 108.84 | 109.05 | 109.26 | 109.46 | 109.67 |
| Woodie | 105.68 | 107.31 | 107.93 | 109.56 | 110.18 | 111.81 | 112.43 |
| Fibonacci | 107.48 | 108.34 | 108.87 | 109.73 | 110.59 | 111.12 | 111.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.62 | 105.08 | 107.07 | 110.53 | 112.52 | 115.98 | 117.97 |
| Camarilla | 107.55 | 108.05 | 108.55 | 109.05 | 109.55 | 110.05 | 110.55 |
| Woodie | 100.88 | 104.71 | 106.33 | 110.16 | 111.78 | 115.61 | 117.23 |
| Fibonacci | 105.08 | 107.17 | 108.45 | 110.53 | 112.62 | 113.90 | 115.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.35 | 98.65 | 106.45 | 121.75 | 129.55 | 144.85 | 152.65 |
| Camarilla | 107.90 | 110.02 | 112.13 | 114.25 | 116.37 | 118.49 | 120.60 |
| Woodie | 79.60 | 96.78 | 102.70 | 119.88 | 125.80 | 142.98 | 148.90 |
| Fibonacci | 98.65 | 107.47 | 112.93 | 121.75 | 130.57 | 136.03 | 144.85 |
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): | 32.10 | |
| MACD (12,26,9): | -0.4100 | |
| Directional Movement: | -20.59 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 109.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 111.21 | |
| Elder Ray (13): | -0.92 | |
| Super Trend (3,10): | 110.92 | |
| Zig ZAG (10): | 109.05 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 3.68 | |
| TEMA (21): | 109.71 | |
| Williams %R (14): | -96.00 | |
| Chande Momentum Oscillator (20): | -2.10 | |
| Repulse (5,40,3): | -1.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.69 |
| MA7: | 110.69 | |
| MA20: | 116.86 | |
| MA50: | 123.96 | |
| MA100: | 124.58 | |
| MAexp7: | 109.69 | |
| MAexp20: | 110.24 | |
| MAexp50: | 111.16 | |
| MAexp100: | 113.10 | |
| Price / MA7: | -1.26% | |
| Price / MA20: | -6.47% | |
| Price / MA50: | -11.83% | |
| Price / MA100: | -12.27% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.85% | |
| Price / MAexp50: | -1.67% | |
| Price / MAexp100: | -3.36% |
Quotes :
-
15 min delayed data
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Euronext Paris
News
Don't forget to follow the news on PERNOD RICARD. At the time of publication of this analysis, the latest news was as follows:
- Jameson® Irish Whiskey Raises a Glass to Its Iconic Jameson Black Barrel with Actor Aaron Taylor-Johnson
- Pernod Ricard: Annual Shareholders’ Meeting of 8 November 2024
- Pernod Ricard Leads the Charge for Safer Nightlife with Bold "Good Nights Are Safe Nights" Initiative
- G.H. MUMM CHAMPAGNE MADE ITS MARK ON HISTORY AS TOWT SAILING CARGO SHIP HAS ARRIVED IN NEW YORK, U.S.A., ON SEPTEMBER 3, 2024
- PERNOD RICARD DOUBLES DOWN ON AMERICAN WHISKEY WITH NEW GLOBAL BRAND COMPANY