LOTUS BAKERIES - Daily - Technical analysis published on 01/22/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2,510.0 EUR
My targets
2,690.0 EUR (+0.75%)
2,760.0 EUR (+3.37%)
My analysis
LOTUS BAKERIES 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 2,510.0 EUR. The next resistance located at 2,690.0 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 2,760.0 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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LOTUS BAKERIES price is 2,670.0 EUR. The price registered an increase of +1.14% on the session and was traded between 2,630.0 EUR and 2,680.0 EUR over the period. The price is currently at +1.52% from its lowest and -0.37% from its highest.2,630.0
2,680.0
2,670.0
Here is a more detailed summary of the historical variations registered by LOTUS BAKERIES:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LOTUS BAKERIES in Daily shows a strongly overall bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 2,420.0 | 2,510.0 | 2,630.0 | 2,670.0 | 2,680.0 |
| Change (%) | -9.36% | -5.99% | -1.50% | - | +0.37% |
| Change | -250.0 | -160.0 | -40.0 | - | +10.0 |
| Level | Minor | Major | Major | - | 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 | 2,573.3 | 2,586.7 | 2,613.3 | 2,626.7 | 2,653.3 | 2,666.7 | 2,693.3 |
| Camarilla | 2,629.0 | 2,632.7 | 2,636.3 | 2,640.0 | 2,643.7 | 2,647.3 | 2,651.0 |
| Woodie | 2,580.0 | 2,590.0 | 2,620.0 | 2,630.0 | 2,660.0 | 2,670.0 | 2,700.0 |
| Fibonacci | 2,586.7 | 2,602.0 | 2,611.4 | 2,626.7 | 2,642.0 | 2,651.4 | 2,666.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,500.0 | 2,540.0 | 2,560.0 | 2,600.0 | 2,620.0 | 2,660.0 | 2,680.0 |
| Camarilla | 2,563.5 | 2,569.0 | 2,574.5 | 2,580.0 | 2,585.5 | 2,591.0 | 2,596.5 |
| Woodie | 2,490.0 | 2,535.0 | 2,550.0 | 2,595.0 | 2,610.0 | 2,655.0 | 2,670.0 |
| Fibonacci | 2,540.0 | 2,562.9 | 2,577.1 | 2,600.0 | 2,622.9 | 2,637.1 | 2,660.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,400.0 | 2,450.0 | 2,520.0 | 2,570.0 | 2,640.0 | 2,690.0 | 2,760.0 |
| Camarilla | 2,557.0 | 2,568.0 | 2,579.0 | 2,590.0 | 2,601.0 | 2,612.0 | 2,623.0 |
| Woodie | 2,410.0 | 2,455.0 | 2,530.0 | 2,575.0 | 2,650.0 | 2,695.0 | 2,770.0 |
| Fibonacci | 2,450.0 | 2,495.8 | 2,524.2 | 2,570.0 | 2,615.8 | 2,644.2 | 2,690.0 |
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): | 63.00 | |
| MACD (12,26,9): | 19.8000 | |
| Directional Movement: | 13.4 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 2,621.8 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,580.0 | |
| Elder Ray (13): | 45.3 | |
| Super Trend (3,10): | 2,530.3 | |
| Zig ZAG (10): | 2,670.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 75.20 | |
| TEMA (21): | 2,634.4 | |
| Williams %R (14): | -7.70 | |
| Chande Momentum Oscillator (20): | 90.0 | |
| Repulse (5,40,3): | 2.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 4.50 |
| MA7: | 2,624.3 | |
| MA20: | 2,589.5 | |
| MA50: | 2,571.0 | |
| MA100: | 2,566.4 | |
| MAexp7: | 2,624.5 | |
| MAexp20: | 2,598.6 | |
| MAexp50: | 2,575.9 | |
| MAexp100: | 2,550.3 | |
| Price / MA7: | +1.74% | |
| Price / MA20: | +3.11% | |
| Price / MA50: | +3.85% | |
| Price / MA100: | +4.04% | |
| Price / MAexp7: | +1.73% | |
| Price / MAexp20: | +2.75% | |
| Price / MAexp50: | +3.65% | |
| Price / MAexp100: | +4.69% |
News
The latest news and videos published on LOTUS BAKERIES at the time of the analysis were as follows:
Lotus Bakeries NvThis member declared not having a position on this financial instrument or a related financial instrument.
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