VALLOUREC - Daily - Technical analysis published on 11/15/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 2.401 EUR
My targets
2.883 EUR (+17.43%)
3.147 EUR (+28.19%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade VALLOUREC with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.401 EUR. The buyers” bullish objective is set at 2.883 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.147 EUR. If there is any crossing, the next objective would be the resistance located at 4.029 EUR. If there is a bearish break in the support located at 2.401 EUR some indecision would arise.
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
2
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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
The VALLOUREC price is 2.455 EUR. On the day, this instrument lost -5.61% and was between 2.340 EUR and 2.694 EUR. This implies that the price is at +4.91% from its lowest and at -8.87% from its highest.2.340
2.694
2.455
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:
Technical
Technical analysis of this Daily chart of VALLOUREC indicates that the overall trend is slightly bullish. Only 50% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
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 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.949 | 2.180 | 2.401 | 2.455 | 2.883 | 3.147 | 4.029 |
| Change (%) | -20.61% | -11.20% | -2.20% | - | +17.43% | +28.19% | +64.11% |
| Change | -0.506 | -0.275 | -0.054 | - | +0.428 | +0.692 | +1.574 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Minor |
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 | 2.484 | 2.527 | 2.564 | 2.607 | 2.644 | 2.687 | 2.724 |
| Camarilla | 2.579 | 2.586 | 2.594 | 2.601 | 2.608 | 2.616 | 2.623 |
| Woodie | 2.481 | 2.526 | 2.561 | 2.606 | 2.641 | 2.686 | 2.721 |
| Fibonacci | 2.527 | 2.558 | 2.576 | 2.607 | 2.638 | 2.656 | 2.687 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.156 | 2.243 | 2.391 | 2.478 | 2.626 | 2.713 | 2.861 |
| Camarilla | 2.473 | 2.495 | 2.517 | 2.538 | 2.560 | 2.581 | 2.603 |
| Woodie | 2.186 | 2.258 | 2.421 | 2.493 | 2.656 | 2.728 | 2.891 |
| Fibonacci | 2.243 | 2.333 | 2.389 | 2.478 | 2.568 | 2.624 | 2.713 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.759 | 1.955 | 2.064 | 2.260 | 2.369 | 2.565 | 2.674 |
| Camarilla | 2.089 | 2.117 | 2.145 | 2.173 | 2.201 | 2.229 | 2.257 |
| Woodie | 1.716 | 1.933 | 2.021 | 2.238 | 2.326 | 2.543 | 2.631 |
| Fibonacci | 1.955 | 2.072 | 2.144 | 2.260 | 2.377 | 2.449 | 2.565 |
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): | 50.86 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | -4.567 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 2.515 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.650 | |
| Elder Ray (13): | 0.021 | |
| Super Trend (3,10): | 2.329 | |
| Zig ZAG (10): | 2.463 | |
| VORTEX (21): | 1.0020 | |
| Stochastique (14,3,5): | 82.42 | |
| TEMA (21): | 2.583 | |
| Williams %R (14): | -43.25 | |
| Chande Momentum Oscillator (20): | 0.174 | |
| Repulse (5,40,3): | -7.4070 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1680 | |
| Courbe Coppock: | 18.67 |
| MA7: | 2.567 | |
| MA20: | 2.428 | |
| MA50: | 2.452 | |
| MA100: | 2.547 | |
| MAexp7: | 2.533 | |
| MAexp20: | 2.464 | |
| MAexp50: | 2.451 | |
| MAexp100: | 2.449 | |
| Price / MA7: | -4.36% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +0.12% | |
| Price / MA100: | -3.61% | |
| Price / MAexp7: | -3.08% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.24% |
News
The last news published on VALLOUREC at the time of the generation of this analysis was as follows:
- Press release: Edouard Guinotte will be replacing Philippe Crouzet as Chairman of the Vallourec’s Management Board in March 2020
- Vallourec has been awarded a USD 900 million contract with ADNOC for the supply of tubing and casing as well as services
- Vallourec: Monthly information relating to the total number of voting rights and shares comprising the share capital
- Vallourec: Monthly information relating to the total number of voting rights and shares comprising the share capital
- Availability of the Interim Financial Report 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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