ARKEMA - Daily - Technical analysis published on 11/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 95.12 EUR
My targets
99.76 EUR (+3.70%)
111.94 EUR (+16.36%)
My analysis
ARKEMA is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 95.12 EUR. The next resistance located at 99.76 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 111.94 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARKEMA rating 96.20 EUR. On the day, this instrument lost -1.37% and was between 95.46 EUR and 97.22 EUR. This implies that the price is at +0.78% from its lowest and at -1.05% from its highest.95.46
97.22
96.20
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ARKEMA in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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 horizontal support
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 83.11 | 88.54 | 95.12 | 96.20 | 99.76 | 111.94 |
| Change (%) | -13.61% | -7.96% | -1.12% | - | +3.70% | +16.36% |
| Change | -13.09 | -7.66 | -1.08 | - | +3.56 | +15.74 |
| Level | Major | Major | Intermediate | - | Intermediate | 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 | 95.47 | 95.99 | 96.77 | 97.29 | 98.07 | 98.59 | 99.37 |
| Camarilla | 97.18 | 97.30 | 97.42 | 97.54 | 97.66 | 97.78 | 97.90 |
| Woodie | 95.59 | 96.06 | 96.89 | 97.36 | 98.19 | 98.66 | 99.49 |
| Fibonacci | 95.99 | 96.49 | 96.80 | 97.29 | 97.79 | 98.10 | 98.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.17 | 86.63 | 90.77 | 93.23 | 97.37 | 99.83 | 103.97 |
| Camarilla | 93.11 | 93.71 | 94.32 | 94.92 | 95.53 | 96.13 | 96.74 |
| Woodie | 85.02 | 87.05 | 91.62 | 93.65 | 98.22 | 100.25 | 104.82 |
| Fibonacci | 86.63 | 89.15 | 90.71 | 93.23 | 95.75 | 97.31 | 99.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.74 | 73.80 | 82.72 | 88.78 | 97.70 | 103.76 | 112.68 |
| Camarilla | 87.52 | 88.89 | 90.27 | 91.64 | 93.01 | 94.39 | 95.76 |
| Woodie | 69.17 | 74.52 | 84.15 | 89.50 | 99.13 | 104.48 | 114.11 |
| Fibonacci | 73.80 | 79.52 | 83.06 | 88.78 | 94.50 | 98.04 | 103.76 |
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): | 68.03 | |
| MACD (12,26,9): | 3.0500 | |
| Directional Movement: | 22.02 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 95.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.99 | |
| Elder Ray (13): | 3.24 | |
| Super Trend (3,10): | 90.15 | |
| Zig ZAG (10): | 96.20 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 92.41 | |
| TEMA (21): | 96.62 | |
| Williams %R (14): | -18.54 | |
| Chande Momentum Oscillator (20): | 4.68 | |
| Repulse (5,40,3): | 1.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4400 | |
| Courbe Coppock: | 16.09 |
| MA7: | 94.21 | |
| MA20: | 91.05 | |
| MA50: | 86.26 | |
| MA100: | 83.20 | |
| MAexp7: | 94.83 | |
| MAexp20: | 91.46 | |
| MAexp50: | 87.35 | |
| MAexp100: | 84.80 | |
| Price / MA7: | +2.11% | |
| Price / MA20: | +5.66% | |
| Price / MA50: | +11.52% | |
| Price / MA100: | +15.63% | |
| Price / MAexp7: | +1.44% | |
| Price / MAexp20: | +5.18% | |
| Price / MAexp50: | +10.13% | |
| Price / MAexp100: | +13.44% |
News
The last news published on ARKEMA at the time of the generation of this analysis was as follows:
- Arkema : Disclosure of Trading in Own Shares from JJ October to JJ October Friday
- Arkema Successfully Starts up a New Acrylic Acid Reactor in the United States
- Arkema: Disclosure of Trading in Own Shares from 07 October to 11 October 2019
- Arkema to increase Kynar® fluoropolymer capacities at its Changshu plant, China
- Arkema Announces the Proposed Divestment of Its Functional Polyolefins Business
This member declared not having a position on this financial instrument or a related financial instrument.
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