EO2 - Daily - Technical analysis published on 07/29/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 5.24 EUR
My targets
6.00 EUR (+7.14%)
8.20 EUR (+46.43%)
My analysis
The bullish trend is currently very strong on EO2. As long as the price remains above the support at 5.24 EUR, you could try to benefit from the boom. The first bullish objective is located at 6.00 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.20 EUR as an objective. Crossing it would then enable buyers to target 9.50 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EO2 rating 5.60 EUR. The price has increased by +12.00% since the last closing and was traded between 5.06 EUR and 5.76 EUR over the period. The price is currently at +10.67% from its lowest and -2.78% from its highest.5.06
5.76
5.60
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 EO2 were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this EO2 chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
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 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
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
White line without lower shadow
Type : Bullish
Timeframe : Daily
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.99 | 5.12 | 5.24 | 5.60 | 6.00 | 8.20 | 9.50 |
| Change (%) | -10.89% | -8.57% | -6.43% | - | +7.14% | +46.43% | +69.64% |
| Change | -0.61 | -0.48 | -0.36 | - | +0.40 | +2.60 | +3.90 |
| Level | Intermediate | Minor | Major | - | Intermediate | 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 | 4.54 | 4.65 | 4.83 | 4.94 | 5.12 | 5.23 | 5.41 |
| Camarilla | 4.92 | 4.95 | 4.97 | 5.00 | 5.03 | 5.05 | 5.08 |
| Woodie | 4.57 | 4.67 | 4.86 | 4.96 | 5.15 | 5.25 | 5.44 |
| Fibonacci | 4.65 | 4.76 | 4.83 | 4.94 | 5.05 | 5.12 | 5.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.06 | 4.34 | 4.54 | 4.82 | 5.02 | 5.30 | 5.50 |
| Camarilla | 4.61 | 4.65 | 4.70 | 4.74 | 4.78 | 4.83 | 4.87 |
| Woodie | 4.02 | 4.32 | 4.50 | 4.80 | 4.98 | 5.28 | 5.46 |
| Fibonacci | 4.34 | 4.52 | 4.64 | 4.82 | 5.00 | 5.12 | 5.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.67 | 3.94 | 4.42 | 4.69 | 5.17 | 5.44 | 5.92 |
| Camarilla | 4.68 | 4.75 | 4.82 | 4.89 | 4.96 | 5.03 | 5.10 |
| Woodie | 3.77 | 3.99 | 4.52 | 4.74 | 5.27 | 5.49 | 6.02 |
| Fibonacci | 3.94 | 4.23 | 4.41 | 4.69 | 4.98 | 5.16 | 5.44 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.49 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 27.16 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 5.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.54 | |
| Elder Ray (13): | 0.45 | |
| Super Trend (3,10): | 4.66 | |
| Zig ZAG (10): | 5.60 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 71.86 | |
| TEMA (21): | 5.06 | |
| Williams %R (14): | -14.04 | |
| Chande Momentum Oscillator (20): | 0.88 | |
| Repulse (5,40,3): | 11.9700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 8.53 |
| MA7: | 4.95 | |
| MA20: | 4.88 | |
| MA50: | 4.73 | |
| MA100: | 4.79 | |
| MAexp7: | 5.05 | |
| MAexp20: | 4.91 | |
| MAexp50: | 4.82 | |
| MAexp100: | 4.78 | |
| Price / MA7: | +13.13% | |
| Price / MA20: | +14.75% | |
| Price / MA50: | +18.39% | |
| Price / MA100: | +16.91% | |
| Price / MAexp7: | +10.89% | |
| Price / MAexp20: | +14.05% | |
| Price / MAexp50: | +16.18% | |
| Price / MAexp100: | +17.15% |
Quotes :
-
15 min delayed data
-
Euronext Paris
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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