PICANOL - Daily - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
PICANOL Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 65.0 EUR
My targets
67.0 EUR (+0.30%)
70.0 EUR (+4.79%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 65.0 EUR remains possible. It is advisable to trade PICANOL with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 65.0 EUR. The next bullish objective for buyers is set at 67.0 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 70.0 EUR. If there is any crossing, the next objective would be the resistance located at 74.0 EUR. PS: if there is a bearish break in the support located at 65.0 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
2.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay.
Additional analysis
Quotes
PICANOL rating 66.8 EUR. On the day, this instrument lost -1.48% with the lowest point at 66.6 EUR and the highest point at 66.8 EUR. The deviation from the price is +0.30% for the low point and 0% for the high point.66.6
66.8
66.8
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of PICANOL indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : Daily
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 61.4 | 63.4 | 65.0 | 66.8 | 67.0 | 70.0 | 74.0 |
| Change (%) | -8.08% | -5.09% | -2.69% | - | +0.30% | +4.79% | +10.78% |
| Change | -5.4 | -3.4 | -1.8 | - | +0.2 | +3.2 | +7.2 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 66.1 | 66.5 | 67.1 | 67.5 | 68.1 | 68.5 | 69.1 |
| Camarilla | 67.5 | 67.6 | 67.7 | 67.8 | 67.9 | 68.0 | 68.1 |
| Woodie | 66.3 | 66.6 | 67.3 | 67.6 | 68.3 | 68.6 | 69.3 |
| Fibonacci | 66.5 | 66.9 | 67.1 | 67.5 | 67.9 | 68.1 | 68.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.3 | 65.5 | 66.5 | 67.7 | 68.7 | 69.9 | 70.9 |
| Camarilla | 67.0 | 67.2 | 67.4 | 67.6 | 67.8 | 68.0 | 68.2 |
| Woodie | 64.3 | 65.5 | 66.5 | 67.7 | 68.7 | 69.9 | 70.9 |
| Fibonacci | 65.5 | 66.3 | 66.8 | 67.7 | 68.5 | 69.0 | 69.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.2 | 58.2 | 64.0 | 67.0 | 72.8 | 75.8 | 81.6 |
| Camarilla | 67.4 | 68.2 | 69.0 | 69.8 | 70.6 | 71.4 | 72.2 |
| Woodie | 56.6 | 58.9 | 65.4 | 67.7 | 74.2 | 76.5 | 83.0 |
| Fibonacci | 58.2 | 61.6 | 63.6 | 67.0 | 70.4 | 72.4 | 75.8 |
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): | 52.30 | |
| MACD (12,26,9): | 1.0000 | |
| Directional Movement: | 0 | |
| AROON (14): | 35.7 | |
| DEMA (21): | 68.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.4 | |
| Elder Ray (13): | -0.7 | |
| Super Trend (3,10): | 65.0 | |
| Zig ZAG (10): | 66.8 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 47.60 | |
| TEMA (21): | 68.5 | |
| Williams %R (14): | -72.70 | |
| Chande Momentum Oscillator (20): | -2.6 | |
| Repulse (5,40,3): | 2.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 6.60 |
| MA7: | 67.6 | |
| MA20: | 67.1 | |
| MA50: | 64.4 | |
| MA100: | 64.3 | |
| MAexp7: | 67.6 | |
| MAexp20: | 66.9 | |
| MAexp50: | 65.4 | |
| MAexp100: | 65.4 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | +3.73% | |
| Price / MA100: | +3.89% | |
| Price / MAexp7: | -1.18% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | +2.14% | |
| Price / MAexp100: | +2.14% |
News
The last news published on PICANOL at the time of the generation of this analysis was as follows:
PicanolThis member declared not having a position on this financial instrument or a related financial instrument.
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