GL EVENTS

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	GLO
ISIN:	FR0000066672

GL EVENTS - 1H - Technical analysis published on 10/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 18.29 EUR

My targets

18.85 EUR (+1.56%)

19.18 EUR (+3.34%)

My analysis

GL EVENTS is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 18.29 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 18.85 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 19.18 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 19.46 EUR. Beware of a possible return to under the support located at 18.29 EUR which would be the sign of a correction of the bullish excesses registered in the short term.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.5

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.

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Additional analysis

Quotes

GL EVENTS rating 18.56 EUR. The price registered an increase of +2.20% on the session and was traded between 18.56 EUR and 18.90 EUR over the period. The price is currently at 0% from its lowest and -1.80% from its highest.

18.56

18.90

18.56

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GL EVENTS chart shows a slightly bullish trend. 60.71% 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. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Upside gap

Type : Bullish

Timeframe : 1 hour

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.68	18.02	18.29	18.56	18.85	19.18	19.46
Change (%)	-4.74%	-2.91%	-1.45%	-	+1.56%	+3.34%	+4.85%
Change	-0.88	-0.54	-0.27	-	+0.29	+0.62	+0.90
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	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	17.73	17.83	17.99	18.09	18.25	18.35	18.51
Camarilla	18.09	18.11	18.14	18.16	18.18	18.21	18.23
Woodie	17.77	17.85	18.03	18.11	18.29	18.37	18.55
Fibonacci	17.83	17.93	17.99	18.09	18.19	18.25	18.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.31	17.67	18.07	18.43	18.83	19.19	19.59
Camarilla	18.27	18.34	18.41	18.48	18.55	18.62	18.69
Woodie	17.34	17.68	18.10	18.44	18.86	19.20	19.62
Fibonacci	17.67	17.96	18.14	18.43	18.72	18.90	19.19

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.67	15.05	17.11	18.49	20.55	21.93	23.99
Camarilla	18.23	18.55	18.87	19.18	19.50	19.81	20.13
Woodie	14.02	15.22	17.46	18.66	20.90	22.10	24.34
Fibonacci	15.05	16.36	17.17	18.49	19.80	20.61	21.93

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):	71.96
MACD (12,26,9):	-0.0100
Directional Movement:	32.04
AROON (14):	57.14
DEMA (21):	18.19
Parabolic SAR (0,02-0,02-0,2):	17.95
Elder Ray (13):	0.56
Super Trend (3,10):	18.33
Zig ZAG (10):	18.66
VORTEX (21):	0.9500
Stochastique (14,3,5):	71.74
TEMA (21):	18.22
Williams %R (14):	-24.49
Chande Momentum Oscillator (20):	0.38
Repulse (5,40,3):	-1.2400
ROCnROLL:	1
TRIX (15,9):	-0.0500
Courbe Coppock:	0.02

MA7:	18.38
MA20:	18.68
MA50:	18.14
MA100:	17.94
MAexp7:	18.24
MAexp20:	18.22
MAexp50:	18.29
MAexp100:	18.42
Price / MA7:	+0.98%
Price / MA20:	-0.64%
Price / MA50:	+2.32%
Price / MA100:	+3.46%
Price / MAexp7:	+1.75%
Price / MAexp20:	+1.87%
Price / MAexp50:	+1.48%
Price / MAexp100:	+0.76%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on GL EVENTS at the time of the analysis were as follows:

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

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