ONTEX GROUP - 1H - Technical analysis published on 04/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 6.979 EUR
My targets
7.400 EUR (+1.16%)
7.510 EUR (+2.67%)
My analysis
ONTEX GROUP 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 6.979 EUR. The next resistance located at 7.400 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 7.510 EUR. After this resistance, buyers could then target 7.800 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
8.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ONTEX GROUP rating 7.315 EUR. The price registered an increase of +4.05% on the session and was traded between 7.050 EUR and 7.400 EUR over the period. The price is currently at +3.76% from its lowest and -1.15% from its highest.7.050
7.400
7.315
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ONTEX GROUP indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.820 | 6.979 | 7.290 | 7.315 | 7.400 | 7.510 | 7.800 |
| Change (%) | -6.77% | -4.59% | -0.34% | - | +1.16% | +2.67% | +6.63% |
| Change | -0.495 | -0.336 | -0.025 | - | +0.085 | +0.195 | +0.485 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.760 | 6.905 | 7.110 | 7.255 | 7.460 | 7.605 | 7.810 |
| Camarilla | 7.219 | 7.251 | 7.283 | 7.315 | 7.347 | 7.379 | 7.411 |
| Woodie | 6.790 | 6.920 | 7.140 | 7.270 | 7.490 | 7.620 | 7.840 |
| Fibonacci | 6.905 | 7.039 | 7.121 | 7.255 | 7.389 | 7.471 | 7.605 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.622 | 6.743 | 6.852 | 6.973 | 7.082 | 7.203 | 7.312 |
| Camarilla | 6.897 | 6.918 | 6.939 | 6.960 | 6.981 | 7.002 | 7.023 |
| Woodie | 6.615 | 6.740 | 6.845 | 6.970 | 7.075 | 7.200 | 7.305 |
| Fibonacci | 6.743 | 6.831 | 6.886 | 6.973 | 7.061 | 7.116 | 7.203 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.510 | 5.390 | 6.130 | 7.010 | 7.750 | 8.630 | 9.370 |
| Camarilla | 6.425 | 6.573 | 6.722 | 6.870 | 7.019 | 7.167 | 7.316 |
| Woodie | 4.440 | 5.355 | 6.060 | 6.975 | 7.680 | 8.595 | 9.300 |
| Fibonacci | 5.390 | 6.009 | 6.391 | 7.010 | 7.629 | 8.011 | 8.630 |
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): | 74.55 | |
| MACD (12,26,9): | 0.0840 | |
| Directional Movement: | 30.112 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 7.245 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.130 | |
| Elder Ray (13): | 0.101 | |
| Super Trend (3,10): | 7.073 | |
| Zig ZAG (10): | 7.315 | |
| VORTEX (21): | 1.1090 | |
| Stochastique (14,3,5): | 73.81 | |
| TEMA (21): | 7.294 | |
| Williams %R (14): | -20.24 | |
| Chande Momentum Oscillator (20): | 0.300 | |
| Repulse (5,40,3): | 0.8020 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1210 | |
| Courbe Coppock: | 6.58 |
| MA7: | 7.001 | |
| MA20: | 6.760 | |
| MA50: | 7.101 | |
| MA100: | 6.832 | |
| MAexp7: | 7.250 | |
| MAexp20: | 7.145 | |
| MAexp50: | 7.039 | |
| MAexp100: | 6.952 | |
| Price / MA7: | +4.49% | |
| Price / MA20: | +8.21% | |
| Price / MA50: | +3.01% | |
| Price / MA100: | +7.07% | |
| Price / MAexp7: | +0.90% | |
| Price / MAexp20: | +2.38% | |
| Price / MAexp50: | +3.92% | |
| Price / MAexp100: | +5.22% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on ONTEX GROUP at the time of the analysis were as follows:
- Transparency Declaration Notification
- Ontex announces details for its Q4 and FY 2022 results publication
- Transparency Declaration Notification
- Ontex Announces Changes to its Board of Directors
- Ontex Receives Prestigious CDP ‘A’ Top Rating for Transparency on Climate Action
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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