KLARSEN - 1H - Technical analysis published on 05/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 2.382 EUR
My targets
2.188 EUR (-3.17%)
2.070 EUR (-8.41%)
My analysis
KLARSEN 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 2.382 EUR. The next support located at 2.188 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 2.070 EUR. Below this support, sellers could then target 1.470 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 pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KLARSEN price is 2.260 EUR. On the day, this instrument lost -0.44% and was between 2.255 EUR and 2.340 EUR. This implies that the price is at +0.22% from its lowest and at -3.42% from its highest.2.255
2.340
2.260
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of KLARSEN in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.075 | 1.470 | 2.070 | 2.260 | 2.383 | 2.630 | 2.750 |
| Change (%) | -52.43% | -34.96% | -8.41% | - | +5.44% | +16.37% | +21.68% |
| Change | -1.185 | -0.790 | -0.190 | - | +0.123 | +0.370 | +0.490 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.815 | 2.030 | 2.150 | 2.365 | 2.485 | 2.700 | 2.820 |
| Camarilla | 2.178 | 2.209 | 2.239 | 2.270 | 2.301 | 2.331 | 2.362 |
| Woodie | 1.768 | 2.006 | 2.103 | 2.341 | 2.438 | 2.676 | 2.773 |
| Fibonacci | 2.030 | 2.158 | 2.237 | 2.365 | 2.493 | 2.572 | 2.700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.188 | 2.382 | 2.603 | 2.797 | 3.018 | 3.212 | 3.433 |
| Camarilla | 2.711 | 2.749 | 2.787 | 2.825 | 2.863 | 2.901 | 2.939 |
| Woodie | 2.203 | 2.389 | 2.618 | 2.804 | 3.033 | 3.219 | 3.448 |
| Fibonacci | 2.382 | 2.540 | 2.638 | 2.797 | 2.955 | 3.053 | 3.212 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.978 | 2.272 | 2.443 | 2.737 | 2.908 | 3.202 | 3.373 |
| Camarilla | 2.487 | 2.530 | 2.572 | 2.615 | 2.658 | 2.700 | 2.743 |
| Woodie | 1.918 | 2.241 | 2.383 | 2.706 | 2.848 | 3.171 | 3.313 |
| Fibonacci | 2.272 | 2.449 | 2.559 | 2.737 | 2.914 | 3.024 | 3.202 |
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): | 26.60 | |
| MACD (12,26,9): | -0.1310 | |
| Directional Movement: | -33.417 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 2.288 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.507 | |
| Elder Ray (13): | -0.123 | |
| Super Trend (3,10): | 2.460 | |
| Zig ZAG (10): | 2.260 | |
| VORTEX (21): | 0.5990 | |
| Stochastique (14,3,5): | 6.14 | |
| TEMA (21): | 2.224 | |
| Williams %R (14): | -96.74 | |
| Chande Momentum Oscillator (20): | -0.390 | |
| Repulse (5,40,3): | -0.9090 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6060 | |
| Courbe Coppock: | 29.10 |
| MA7: | 2.654 | |
| MA20: | 2.780 | |
| MA50: | 2.706 | |
| MA100: | 2.733 | |
| MAexp7: | 2.309 | |
| MAexp20: | 2.451 | |
| MAexp50: | 2.617 | |
| MAexp100: | 2.711 | |
| Price / MA7: | -14.85% | |
| Price / MA20: | -18.71% | |
| Price / MA50: | -16.48% | |
| Price / MA100: | -17.31% | |
| Price / MAexp7: | -2.12% | |
| Price / MAexp20: | -7.79% | |
| Price / MAexp50: | -13.64% | |
| Price / MAexp100: | -16.64% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on KLARSEN at the time of the analysis were as follows:
Groupe ConcoursManiaThis member declared not having a position on this financial instrument or a related financial instrument.
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