VEON - Daily - Technical analysis published on 11/29/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2.35 EUR
My targets
2.49 EUR (+3.75%)
2.63 EUR (+9.58%)
My analysis
VEON is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.35 EUR. The next resistance located at 2.49 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.63 EUR. After this resistance, buyers could then target 2.74 EUR.
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
0
10
6.4
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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
The VEON rating is 2.40 EUR. The price registered a decrease of -1.64% on the session and was between 2.36 EUR and 2.41 EUR. This implies that the price is at +1.69% from its lowest and at -0.41% from its highest.2.36
2.41
2.40
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of VEON indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
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 : 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 resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.05 | 2.17 | 2.35 | 2.40 | 2.49 | 2.63 | 2.74 |
| Change (%) | -14.79% | -9.67% | -1.96% | - | +3.75% | +9.58% | +14.17% |
| Change | -0.36 | -0.23 | -0.05 | - | +0.09 | +0.23 | +0.34 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | 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 | 2.27 | 2.31 | 2.37 | 2.41 | 2.47 | 2.51 | 2.57 |
| Camarilla | 2.41 | 2.42 | 2.43 | 2.44 | 2.45 | 2.46 | 2.47 |
| Woodie | 2.29 | 2.32 | 2.39 | 2.42 | 2.49 | 2.52 | 2.59 |
| Fibonacci | 2.31 | 2.35 | 2.37 | 2.41 | 2.45 | 2.47 | 2.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.92 | 2.00 | 2.08 | 2.16 | 2.24 | 2.32 | 2.40 |
| Camarilla | 2.12 | 2.13 | 2.15 | 2.16 | 2.18 | 2.19 | 2.20 |
| Woodie | 1.92 | 2.00 | 2.08 | 2.16 | 2.24 | 2.32 | 2.40 |
| Fibonacci | 2.00 | 2.06 | 2.10 | 2.16 | 2.22 | 2.26 | 2.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.71 | 1.86 | 1.98 | 2.13 | 2.25 | 2.40 | 2.52 |
| Camarilla | 2.04 | 2.06 | 2.09 | 2.11 | 2.14 | 2.16 | 2.18 |
| Woodie | 1.71 | 1.85 | 1.98 | 2.12 | 2.25 | 2.39 | 2.52 |
| Fibonacci | 1.86 | 1.96 | 2.02 | 2.13 | 2.23 | 2.29 | 2.40 |
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): | 67.86 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 21.70 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 2.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.19 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 2.13 | |
| Zig ZAG (10): | 2.39 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 87.84 | |
| TEMA (21): | 2.34 | |
| Williams %R (14): | -13.89 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | 3.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 16.42 |
| MA7: | 2.29 | |
| MA20: | 2.18 | |
| MA50: | 2.14 | |
| MA100: | 2.28 | |
| MAexp7: | 2.32 | |
| MAexp20: | 2.22 | |
| MAexp50: | 2.19 | |
| MAexp100: | 2.21 | |
| Price / MA7: | +4.80% | |
| Price / MA20: | +10.09% | |
| Price / MA50: | +12.15% | |
| Price / MA100: | +5.26% | |
| Price / MAexp7: | +3.45% | |
| Price / MAexp20: | +8.11% | |
| Price / MAexp50: | +9.59% | |
| Price / MAexp100: | +8.60% |
This member declared not having a position on this financial instrument or a related financial instrument.
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