PERNOD RICARD - 1H - Technical analysis published on 08/22/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 195.00 EUR
My targets
191.09 EUR (-0.53%)
188.81 EUR (-1.71%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PERNOD RICARD as long as the price remains well below 195.00 EUR. The next bearish objective for sellers is set at 191.09 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 188.81 EUR. If there is any crossing, the next objective would be the support located at 182.33 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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
6.4
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Additional analysis
Quotes
PERNOD RICARD rating 192.10 EUR. The price is lower by -0.21% since the last closing and was between 191.40 EUR and 193.35 EUR. This implies that the price is at +0.37% from its lowest and at -0.65% from its highest.191.40
193.35
192.10
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PERNOD RICARD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is low given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 182.33 | 188.81 | 191.09 | 192.10 | 192.40 | 195.00 | 198.30 |
| Change (%) | -5.09% | -1.71% | -0.53% | - | +0.16% | +1.51% | +3.23% |
| Change | -9.77 | -3.29 | -1.01 | - | +0.30 | +2.90 | +6.20 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Intermediate |
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 | 188.87 | 190.43 | 191.47 | 193.03 | 194.07 | 195.63 | 196.67 |
| Camarilla | 191.79 | 192.02 | 192.26 | 192.50 | 192.74 | 192.98 | 193.22 |
| Woodie | 188.60 | 190.30 | 191.20 | 192.90 | 193.80 | 195.50 | 196.40 |
| Fibonacci | 190.43 | 191.43 | 192.04 | 193.03 | 194.03 | 194.64 | 195.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 182.45 | 186.75 | 189.65 | 193.95 | 196.85 | 201.15 | 204.05 |
| Camarilla | 190.57 | 191.23 | 191.89 | 192.55 | 193.21 | 193.87 | 194.53 |
| Woodie | 181.75 | 186.40 | 188.95 | 193.60 | 196.15 | 200.80 | 203.35 |
| Fibonacci | 186.75 | 189.50 | 191.20 | 193.95 | 196.70 | 198.40 | 201.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 181.87 | 187.33 | 193.97 | 199.43 | 206.07 | 211.53 | 218.17 |
| Camarilla | 197.27 | 198.38 | 199.49 | 200.60 | 201.71 | 202.82 | 203.93 |
| Woodie | 182.45 | 187.63 | 194.55 | 199.73 | 206.65 | 211.83 | 218.75 |
| Fibonacci | 187.33 | 191.96 | 194.81 | 199.43 | 204.06 | 206.91 | 211.53 |
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): | 40.33 | |
| MACD (12,26,9): | -0.3800 | |
| Directional Movement: | -15.01 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 192.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 194.35 | |
| Elder Ray (13): | -0.44 | |
| Super Trend (3,10): | 191.68 | |
| Zig ZAG (10): | 192.15 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 37.50 | |
| TEMA (21): | 192.59 | |
| Williams %R (14): | -76.56 | |
| Chande Momentum Oscillator (20): | -2.10 | |
| Repulse (5,40,3): | -0.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.09 |
| MA7: | 194.21 | |
| MA20: | 197.05 | |
| MA50: | 198.09 | |
| MA100: | 202.70 | |
| MAexp7: | 192.64 | |
| MAexp20: | 192.97 | |
| MAexp50: | 193.97 | |
| MAexp100: | 195.24 | |
| Price / MA7: | -1.09% | |
| Price / MA20: | -2.51% | |
| Price / MA50: | -3.02% | |
| Price / MA100: | -5.23% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | -1.61% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on PERNOD RICARD. At the time of publication of this analysis, the latest news was as follows:
- TWIST, MIX, AND POUR! INTRODUCING THE GLENLIVET TWIST & MIX COCKTAILS
- Pernod Ricard to Enter Into an Agreement in Principle on the Potential Sale of Clan Campbell Blended Scotch Whisky Brand to Stock Spirits Group
- Tequila Avión Enlists Pro Athletes Nick Young and Victor Cruz to Elevate Modern Golf Traditions
- Pernod Ricard’s Canadian affiliate Corby to acquire majority stake in Ace Beverage Group Canadian RTD market leader
- Elsa Werth winner of the 23rd Pernod Ricard Foundation Prize
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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