CS GROUP.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SX
ISIN:	FR0007317813

CS GROUP. - Daily - Technical analysis published on 07/29/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

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CS GROUP. Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 8.17 EUR

My targets

14.72 EUR (+33.21%)

20.28 EUR (+83.53%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CS GROUP. as long as the price remains well above 8.17 EUR. The buyers' bullish objective is set at 14.72 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.28 EUR. If there is any crossing, the next objective would be the resistance located at 27.75 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

Comment on the analysis

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 Londinia.

Additional analysis

Quotes

The CS GROUP. price is 11.05 EUR. On the day, this instrument gained +72.66% and was traded between 10.85 EUR and 11.15 EUR over the period. The price is currently at +1.84% from its lowest and -0.90% from its highest.

10.85

11.15

11.05

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 CS GROUP.:

The Central Records scanner for higher/lower results shows the following items:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on CS GROUP. were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of CS GROUP. in Daily shows a strongly overall bullish trend. 89.29% 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. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.54	7.08	7.53	11.05	14.72	20.28	27.75
Change (%)	-40.81%	-35.93%	-31.86%	-	+33.21%	+83.53%	+151.13%
Change	-4.51	-3.97	-3.52	-	+3.67	+9.23	+16.70
Level	Minor	Intermediate	Major	-	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	6.25	6.31	6.35	6.41	6.45	6.51	6.55
Camarilla	6.37	6.38	6.39	6.40	6.41	6.42	6.43
Woodie	6.25	6.31	6.35	6.41	6.45	6.51	6.55
Fibonacci	6.31	6.35	6.37	6.41	6.45	6.47	6.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.36	6.40	6.46	6.50	6.56	6.60	6.66
Camarilla	6.49	6.50	6.51	6.52	6.53	6.54	6.55
Woodie	6.37	6.41	6.47	6.51	6.57	6.61	6.67
Fibonacci	6.40	6.44	6.46	6.50	6.54	6.56	6.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.86	6.30	6.63	7.07	7.40	7.84	8.17
Camarilla	6.75	6.82	6.89	6.96	7.03	7.10	7.17
Woodie	5.81	6.27	6.58	7.04	7.35	7.81	8.12
Fibonacci	6.30	6.59	6.78	7.07	7.36	7.55	7.84

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):	89.26
MACD (12,26,9):	0.2400
Directional Movement:	68.66
AROON (14):	85.71
DEMA (21):	7.21
Parabolic SAR (0,02-0,02-0,2):	6.33
Elder Ray (13):	3.83
Super Trend (3,10):	9.28
Zig ZAG (10):	11.00
VORTEX (21):	0.9100
Stochastique (14,3,5):	40.41
TEMA (21):	7.49
Williams %R (14):	-1.04
Chande Momentum Oscillator (20):	4.74
Repulse (5,40,3):	0.0200
ROCnROLL:	1
TRIX (15,9):	-0.1500
Courbe Coppock:	14.57

MA7:	7.12
MA20:	6.85
MA50:	6.94
MA100:	6.78
MAexp7:	7.59
MAexp20:	7.03
MAexp50:	6.89
MAexp100:	6.65
Price / MA7:	+55.20%
Price / MA20:	+61.31%
Price / MA50:	+59.22%
Price / MA100:	+62.98%
Price / MAexp7:	+45.59%
Price / MAexp20:	+57.18%
Price / MAexp50:	+60.38%
Price / MAexp100:	+66.17%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on CS GROUP. at the time of the generation of this analysis was as follows:

CS Comm & Systemes

This member declared not having a position on this financial instrument or a related financial instrument.

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