GL EVENTS - Daily - Technical analysis published on 02/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 18.77 EUR
My targets
16.53 EUR (-7.33%)
15.90 EUR (-10.87%)
My analysis
GL EVENTS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 18.77 EUR. The next support located at 16.53 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 15.90 EUR. Below this support, sellers could then target 14.77 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GL EVENTS rating 17.84 EUR. On the day, this instrument lost -2.41% and was between 17.64 EUR and 18.58 EUR. This implies that the price is at +1.13% from its lowest and at -3.98% from its highest.17.64
18.58
17.84
Here is a more detailed summary of the historical variations registered by GL EVENTS:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of GL EVENTS indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 8.78 | 14.77 | 15.90 | 17.84 | 17.94 | 20.23 | 22.00 |
| Change (%) | -50.78% | -17.21% | -10.87% | - | +0.56% | +13.40% | +23.32% |
| Change | -9.06 | -3.07 | -1.94 | - | +0.10 | +2.39 | +4.16 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
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 | 15.75 | 16.37 | 17.33 | 17.95 | 18.91 | 19.53 | 20.49 |
| Camarilla | 17.85 | 17.99 | 18.14 | 18.28 | 18.43 | 18.57 | 18.72 |
| Woodie | 15.91 | 16.46 | 17.49 | 18.04 | 19.07 | 19.62 | 20.65 |
| Fibonacci | 16.37 | 16.98 | 17.35 | 17.95 | 18.56 | 18.93 | 19.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.10 | 19.75 | 20.20 | 20.85 | 21.30 | 21.95 | 22.40 |
| Camarilla | 20.35 | 20.45 | 20.55 | 20.65 | 20.75 | 20.85 | 20.95 |
| Woodie | 19.00 | 19.70 | 20.10 | 20.80 | 21.20 | 21.90 | 22.30 |
| Fibonacci | 19.75 | 20.17 | 20.43 | 20.85 | 21.27 | 21.53 | 21.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.53 | 18.77 | 19.98 | 22.22 | 23.43 | 25.67 | 26.88 |
| Camarilla | 20.25 | 20.57 | 20.88 | 21.20 | 21.52 | 21.83 | 22.15 |
| Woodie | 16.03 | 18.51 | 19.48 | 21.96 | 22.93 | 25.41 | 26.38 |
| Fibonacci | 18.77 | 20.09 | 20.90 | 22.22 | 23.54 | 24.35 | 25.67 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 25.05 | |
| MACD (12,26,9): | -1.0800 | |
| Directional Movement: | -31.41 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 19.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.05 | |
| Elder Ray (13): | -1.68 | |
| Super Trend (3,10): | 20.27 | |
| Zig ZAG (10): | 17.78 | |
| VORTEX (21): | 0.7100 | |
| Stochastique (14,3,5): | 15.36 | |
| TEMA (21): | 18.52 | |
| Williams %R (14): | -81.74 | |
| Chande Momentum Oscillator (20): | -3.76 | |
| Repulse (5,40,3): | -5.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5400 | |
| Courbe Coppock: | 19.62 |
| MA7: | 19.42 | |
| MA20: | 20.52 | |
| MA50: | 22.31 | |
| MA100: | 22.94 | |
| MAexp7: | 19.05 | |
| MAexp20: | 20.39 | |
| MAexp50: | 21.71 | |
| MAexp100: | 22.40 | |
| Price / MA7: | -8.14% | |
| Price / MA20: | -13.06% | |
| Price / MA50: | -20.04% | |
| Price / MA100: | -22.23% | |
| Price / MAexp7: | -6.35% | |
| Price / MAexp20: | -12.51% | |
| Price / MAexp50: | -17.83% | |
| Price / MAexp100: | -20.36% |
GL EventsThis member declared not having a position on this financial instrument or a related financial instrument.
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