GROUPE OKWIND - Daily - Technical analysis published on 02/16/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 20.03 EUR
My targets
17.45 EUR (-7.92%)
My analysis
The bearish trend is currently very strong for GROUPE OKWIND. As long as the price remains below the resistance at 20.03 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 17.45 EUR. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.5
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GROUPE OKWIND rating 18.95 EUR. On the day, this instrument gained +0.00% and was traded between 18.70 EUR and 18.95 EUR over the period. The price is currently at +1.34% from its lowest and 0% from its highest.18.70
18.95
18.95
Here is a more detailed summary of the historical variations registered by GROUPE OKWIND:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GROUPE OKWIND chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 17.45 | 18.94 | 18.95 | 21.53 | 24.52 | 27.50 |
| Change (%) | -7.92% | -0.05% | - | +13.61% | +29.39% | +45.12% |
| Change | -1.50 | -0.01 | - | +2.58 | +5.57 | +8.55 |
| Level | Minor | Major | - | Major | Minor | 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 | 18.25 | 18.45 | 18.70 | 18.90 | 19.15 | 19.35 | 19.60 |
| Camarilla | 18.83 | 18.87 | 18.91 | 18.95 | 18.99 | 19.03 | 19.07 |
| Woodie | 18.28 | 18.46 | 18.73 | 18.91 | 19.18 | 19.36 | 19.63 |
| Fibonacci | 18.45 | 18.62 | 18.73 | 18.90 | 19.07 | 19.18 | 19.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.53 | 18.32 | 18.83 | 19.62 | 20.13 | 20.92 | 21.43 |
| Camarilla | 18.99 | 19.11 | 19.23 | 19.35 | 19.47 | 19.59 | 19.71 |
| Woodie | 17.40 | 18.25 | 18.70 | 19.55 | 20.00 | 20.85 | 21.30 |
| Fibonacci | 18.32 | 18.81 | 19.12 | 19.62 | 20.11 | 20.42 | 20.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.47 | 17.23 | 18.27 | 20.03 | 21.07 | 22.83 | 23.87 |
| Camarilla | 18.53 | 18.79 | 19.04 | 19.30 | 19.56 | 19.81 | 20.07 |
| Woodie | 15.10 | 17.05 | 17.90 | 19.85 | 20.70 | 22.65 | 23.50 |
| Fibonacci | 17.23 | 18.30 | 18.96 | 20.03 | 21.10 | 21.76 | 22.83 |
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): | 42.76 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | 0.30 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 19.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.93 | |
| Elder Ray (13): | -0.45 | |
| Super Trend (3,10): | 20.66 | |
| Zig ZAG (10): | 18.95 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 11.43 | |
| TEMA (21): | 18.92 | |
| Williams %R (14): | -82.86 | |
| Chande Momentum Oscillator (20): | -0.35 | |
| Repulse (5,40,3): | -1.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 8.10 |
| MA7: | 19.08 | |
| MA20: | 19.55 | |
| MA50: | 19.73 | |
| MA100: | 19.90 | |
| MAexp7: | 19.08 | |
| MAexp20: | 19.42 | |
| MAexp50: | 19.75 | |
| MAexp100: | 20.16 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -3.07% | |
| Price / MA50: | -3.95% | |
| Price / MA100: | -4.77% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | -2.42% | |
| Price / MAexp50: | -4.05% | |
| Price / MAexp100: | -6.00% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on GROUPE OKWIND. At the time of publication of this analysis, the latest news was as follows:
- Groupe OKwind Reports First-half Revenues of €37.5 Million, up by +178% Vs. First Half 2022
- Groupe OKwind Signs a Strategic Partnership with OSMOSUN® in the Water Treatment Market and Brackish-water Desalination
- Strengthening of the Partnership Between Groupe OKwind and Purecontrol to Accelerate Deployment of Self-Consumption Solutions in the Water and Sanitation Sector
- Groupe OKwind: 2022 Annual Results: Strong Growth in Activity and Significant Improvement in Financial Performance
- Groupe OKwind Announces a Growth of +66% in Its 2022 Revenues to €41.8 Million and Targets €80 Million in Revenues in 2023 With a Year Ahead of the Planned Roadmap
This member declared not having a position on this financial instrument or a related financial instrument.
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