EUTELSAT COMMUNIC. - 1H - Technical analysis published on 03/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 3.735 EUR
My targets
4.038 EUR (+3.75%)
4.166 EUR (+7.04%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUTELSAT COMMUNIC. as long as the price remains well above 3.735 EUR. The buyers' bullish objective is set at 4.038 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.166 EUR. If there is any crossing, the next objective would be the resistance located at 4.474 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
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUTELSAT COMMUNIC. rating 3.892 EUR. The price registered an increase of +5.93% on the session with the lowest point at 3.680 EUR and the highest point at 4.054 EUR. The deviation from the price is +5.76% for the low point and -4.00% for the high point.3.680
4.054
3.892
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 EUTELSAT COMMUNIC. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.628 | 3.735 | 3.888 | 3.892 | 4.166 | 4.474 | 5.371 |
| Change (%) | -6.78% | -4.03% | -0.10% | - | +7.04% | +14.95% | +38.00% |
| Change | -0.264 | -0.157 | -0.004 | - | +0.274 | +0.582 | +1.479 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | 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 | 3.612 | 3.638 | 3.656 | 3.682 | 3.700 | 3.726 | 3.744 |
| Camarilla | 3.662 | 3.666 | 3.670 | 3.674 | 3.678 | 3.682 | 3.686 |
| Woodie | 3.608 | 3.636 | 3.652 | 3.680 | 3.696 | 3.724 | 3.740 |
| Fibonacci | 3.638 | 3.655 | 3.665 | 3.682 | 3.699 | 3.709 | 3.726 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.994 | 3.214 | 3.406 | 3.626 | 3.818 | 4.038 | 4.230 |
| Camarilla | 3.485 | 3.523 | 3.560 | 3.598 | 3.636 | 3.674 | 3.711 |
| Woodie | 2.980 | 3.207 | 3.392 | 3.619 | 3.804 | 4.031 | 4.216 |
| Fibonacci | 3.214 | 3.371 | 3.469 | 3.626 | 3.783 | 3.881 | 4.038 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.373 | 2.877 | 3.157 | 3.661 | 3.941 | 4.445 | 4.725 |
| Camarilla | 3.220 | 3.292 | 3.364 | 3.436 | 3.508 | 3.580 | 3.652 |
| Woodie | 2.260 | 2.821 | 3.044 | 3.605 | 3.828 | 4.389 | 4.612 |
| Fibonacci | 2.877 | 3.177 | 3.362 | 3.661 | 3.961 | 4.146 | 4.445 |
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): | 72.27 | |
| MACD (12,26,9): | 0.0510 | |
| Directional Movement: | 42.882 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 3.785 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.693 | |
| Elder Ray (13): | 0.154 | |
| Super Trend (3,10): | 3.704 | |
| Zig ZAG (10): | 3.880 | |
| VORTEX (21): | 1.2290 | |
| Stochastique (14,3,5): | 55.87 | |
| TEMA (21): | 3.828 | |
| Williams %R (14): | -44.62 | |
| Chande Momentum Oscillator (20): | 0.204 | |
| Repulse (5,40,3): | -0.6180 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1210 | |
| Courbe Coppock: | 7.35 |
| MA7: | 3.651 | |
| MA20: | 3.812 | |
| MA50: | 3.940 | |
| MA100: | 4.045 | |
| MAexp7: | 3.800 | |
| MAexp20: | 3.729 | |
| MAexp50: | 3.696 | |
| MAexp100: | 3.716 | |
| Price / MA7: | +6.60% | |
| Price / MA20: | +2.10% | |
| Price / MA50: | -1.22% | |
| Price / MA100: | -3.78% | |
| Price / MAexp7: | +2.42% | |
| Price / MAexp20: | +4.37% | |
| Price / MAexp50: | +5.30% | |
| Price / MAexp100: | +4.74% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on EUTELSAT COMMUNIC. at the time of the analysis were as follows:
- Notice of Ordinary and Extraordinary General Meeting of Eutelsat Shareholders
- AVS Leverages Optimum Coverage of EUTELSAT 65 West A Satellite over Brazil to Expand Its Broadcast Services
- Eutelsat and Thaicom to Partner for New Software-Defined Satellite over Asia
- Eutelsat Communications: Full Year 2022-23 Results
- Successful entry into service of the multi-mission EUTELSAT 10B satellite
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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