LECTRA - Daily - Technical analysis published on 02/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 22.70 EUR
My targets
20.45 EUR (-5.98%)
18.59 EUR (-14.53%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on LECTRA as long as the price remains well below 22.70 EUR. The next bearish objective for sellers is set at 20.45 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 18.59 EUR. In case of crossing, the next objective would be the support located at 17.00 EUR.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.2
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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 LECTRA rating is 21.75 EUR. The price registered a decrease of -3.55% on the session and was traded between 21.45 EUR and 22.15 EUR over the period. The price is currently at +1.40% from its lowest and -1.81% from its highest.21.45
22.15
21.75
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LECTRA in Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.59 | 20.45 | 21.50 | 21.75 | 22.70 | 23.75 | 26.00 |
| Change (%) | -14.53% | -5.98% | -1.15% | - | +4.37% | +9.20% | +19.54% |
| Change | -3.16 | -1.30 | -0.25 | - | +0.95 | +2.00 | +4.25 |
| Level | Minor | Minor | Major | - | Major | Major | 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 | 21.52 | 21.78 | 22.17 | 22.43 | 22.82 | 23.08 | 23.47 |
| Camarilla | 22.37 | 22.43 | 22.49 | 22.55 | 22.61 | 22.67 | 22.73 |
| Woodie | 21.58 | 21.81 | 22.23 | 22.46 | 22.88 | 23.11 | 23.53 |
| Fibonacci | 21.78 | 22.03 | 22.19 | 22.43 | 22.68 | 22.84 | 23.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.03 | 21.42 | 21.98 | 22.37 | 22.93 | 23.32 | 23.88 |
| Camarilla | 22.29 | 22.38 | 22.46 | 22.55 | 22.64 | 22.72 | 22.81 |
| Woodie | 21.13 | 21.46 | 22.08 | 22.41 | 23.03 | 23.36 | 23.98 |
| Fibonacci | 21.42 | 21.78 | 22.00 | 22.37 | 22.73 | 22.95 | 23.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.35 | 19.35 | 20.85 | 22.85 | 24.35 | 26.35 | 27.85 |
| Camarilla | 21.39 | 21.71 | 22.03 | 22.35 | 22.67 | 22.99 | 23.31 |
| Woodie | 17.10 | 19.23 | 20.60 | 22.73 | 24.10 | 26.23 | 27.60 |
| Fibonacci | 19.35 | 20.69 | 21.51 | 22.85 | 24.19 | 25.01 | 26.35 |
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): | 42.61 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -7.09 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 22.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.94 | |
| Elder Ray (13): | -0.51 | |
| Super Trend (3,10): | 23.24 | |
| Zig ZAG (10): | 21.75 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 62.12 | |
| TEMA (21): | 22.07 | |
| Williams %R (14): | -61.36 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | 0.9300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 1.05 |
| MA7: | 22.38 | |
| MA20: | 22.21 | |
| MA50: | 22.75 | |
| MA100: | 21.59 | |
| MAexp7: | 22.26 | |
| MAexp20: | 22.40 | |
| MAexp50: | 22.38 | |
| MAexp100: | 21.80 | |
| Price / MA7: | -2.82% | |
| Price / MA20: | -2.07% | |
| Price / MA50: | -4.40% | |
| Price / MA100: | +0.74% | |
| Price / MAexp7: | -2.29% | |
| Price / MAexp20: | -2.90% | |
| Price / MAexp50: | -2.82% | |
| Price / MAexp100: | -0.23% |
News
The latest news and videos published on LECTRA at the time of the analysis were as follows:
- LECTRA: 2019 earnings in line with revised estimates
- LECTRA: Monthly declaration of the total number of shares and voting rights composing the company's capital (at January 31st, 2020)
- LECTRA: Lectra delivers new advancements in Versalis® Offline to boost production speed and material savings
- Lectra to partner with Japanese furniture design company Karimoku to implement Furniture On Demand by Lectra - Made to Order
- LECTRA: Monthly declaration of the total number of shares and voting rights composing the company's capital (at November 30th, 2019)
This member declared not having a position on this financial instrument or a related financial instrument.
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