QUESTFOR GR-PRICAF - Daily - Technical analysis published on 12/01/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4.65 EUR
My targets
5.28 EUR (+3.13%)
5.40 EUR (+5.47%)
My analysis
QUESTFOR GR-PRICAF is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 4.65 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 5.28 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 5.40 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 5.78 EUR. Beware of a possible return to under the support located at 4.65 EUR which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8
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Additional analysis
Quotes
QUESTFOR GR-PRICAF rating 5.12 EUR. The price has increased by +1.99% since the last closing and was traded between 5.10 EUR and 5.18 EUR over the period. The price is currently at +0.39% from its lowest and -1.16% from its highest.5.10
5.18
5.12
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
Here is a more detailed summary of the historical variations registered by QUESTFOR GR-PRICAF:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this QUESTFOR GR-PRICAF chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bullish signals that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently 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 over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.51 | 4.65 | 5.06 | 5.12 | 5.28 | 5.40 | 5.78 |
| Change (%) | -11.91% | -9.18% | -1.17% | - | +3.13% | +5.47% | +12.89% |
| Change | -0.61 | -0.47 | -0.06 | - | +0.16 | +0.28 | +0.66 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Minor |
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 | 5.01 | 5.05 | 5.09 | 5.13 | 5.17 | 5.21 | 5.25 |
| Camarilla | 5.10 | 5.11 | 5.11 | 5.12 | 5.13 | 5.14 | 5.14 |
| Woodie | 5.00 | 5.05 | 5.08 | 5.13 | 5.16 | 5.21 | 5.24 |
| Fibonacci | 5.05 | 5.08 | 5.10 | 5.13 | 5.16 | 5.18 | 5.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.65 | 4.71 | 4.84 | 4.90 | 5.03 | 5.09 | 5.22 |
| Camarilla | 4.91 | 4.93 | 4.94 | 4.96 | 4.98 | 5.00 | 5.01 |
| Woodie | 4.68 | 4.73 | 4.87 | 4.92 | 5.06 | 5.11 | 5.25 |
| Fibonacci | 4.71 | 4.79 | 4.83 | 4.90 | 4.98 | 5.02 | 5.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.74 | 4.12 | 4.36 | 4.74 | 4.98 | 5.36 | 5.60 |
| Camarilla | 4.43 | 4.49 | 4.54 | 4.60 | 4.66 | 4.71 | 4.77 |
| Woodie | 3.67 | 4.09 | 4.29 | 4.71 | 4.91 | 5.33 | 5.53 |
| Fibonacci | 4.12 | 4.36 | 4.50 | 4.74 | 4.98 | 5.12 | 5.36 |
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): | 69.11 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 31.77 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 4.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.75 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 4.87 | |
| Zig ZAG (10): | 5.12 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 91.17 | |
| TEMA (21): | 5.03 | |
| Williams %R (14): | -9.84 | |
| Chande Momentum Oscillator (20): | 0.46 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 14.64 |
| MA7: | 4.97 | |
| MA20: | 4.79 | |
| MA50: | 4.84 | |
| MA100: | 5.08 | |
| MAexp7: | 4.97 | |
| MAexp20: | 4.86 | |
| MAexp50: | 4.89 | |
| MAexp100: | 5.04 | |
| Price / MA7: | +3.02% | |
| Price / MA20: | +6.89% | |
| Price / MA50: | +5.79% | |
| Price / MA100: | +0.79% | |
| Price / MAexp7: | +3.02% | |
| Price / MAexp20: | +5.35% | |
| Price / MAexp50: | +4.70% | |
| Price / MAexp100: | +1.59% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
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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