OCI
OCI
- EUR (-)
- 15 min delayed data - Euronext Amsterdam
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: OCI
ISIN: NL0010558797

OCI - Daily - Technical analysis published on 11/12/2019 (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
28%
28%
44%
My opinion
Bearish under 21.947 EUR
My targets
20.093 EUR (-3.82%)
19.358 EUR (-7.33%)
My analysis
The bearish trend is currently very strong for OCI. As long as the price remains below the resistance at 21.947 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 20.093 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 19.358 EUR as an objective. Crossing it would then enable sellers to target 17.812 EUR. 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The OCI price is 20.890 EUR. The price registered an increase of +0.77% on the session with the lowest point at 20.670 EUR and the highest point at 20.940 EUR. The deviation from the price is +1.06% for the low point and -0.24% for the high point.

20.670
20.940
20.890

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this OCI chart shows a sharp bearish trend. The signals given by moving averages are 85.71% 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, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily


Horizontal support is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 17.812 19.358 20.093 20.890 21.947 23.190 24.977
Change (%) -14.73% -7.33% -3.82% - +5.06% +11.01% +19.56%
Change -3.078 -1.532 -0.797 - +1.057 +2.300 +4.087
Level Intermediate Major Major - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.19320.39720.56320.76720.93321.13721.303
Camarilla20.62820.66220.69620.73020.76420.79820.832
Woodie20.17520.38820.54520.75820.91521.12821.285
Fibonacci20.39720.53820.62520.76720.90820.99521.137


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.10720.40320.62720.92321.14721.44321.667
Camarilla20.70720.75520.80220.85020.89820.94520.993
Woodie20.07020.38520.59020.90521.11021.42521.630
Fibonacci20.40320.60220.72520.92321.12221.24521.443


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.83718.30319.20720.67321.57723.04323.947
Camarilla19.45819.67619.89320.11020.32720.54520.762
Woodie16.55518.16318.92520.53321.29522.90323.665
Fibonacci18.30319.20919.76820.67321.57922.13823.043

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): 49.04
MACD (12,26,9): -0.0750
Directional Movement: -0.692
AROON (14): -35.714
DEMA (21): 20.858
Parabolic SAR (0,02-0,02-0,2): 21.836
Elder Ray (13): -0.094
Super Trend (3,10): 19.722
Zig ZAG (10): 20.900
VORTEX (21): 0.9070
Stochastique (14,3,5): 42.40
TEMA (21): 20.807
Williams %R (14): -52.12
Chande Momentum Oscillator (20): -0.400
Repulse (5,40,3): -0.4620
ROCnROLL: 2
TRIX (15,9): -0.0330
Courbe Coppock: 5.47
MA7: 20.876
MA20: 21.059
MA50: 21.084
MA100: 21.649
MAexp7: 20.852
MAexp20: 20.942
MAexp50: 21.100
MAexp100: 21.496
Price / MA7: +0.07%
Price / MA20: -0.80%
Price / MA50: -0.92%
Price / MA100: -3.51%
Price / MAexp7: +0.18%
Price / MAexp20: -0.25%
Price / MAexp50: -1.00%
Price / MAexp100: -2.82%

This member declared not having a position on this financial instrument or a related financial instrument.

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