PUBLICIS GROUPE SA - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
28%
17%
56%
My opinion
Bearish under 41.33 EUR
My targets
38.52 EUR (-2.38%)
36.57 EUR (-7.32%)
My analysis
With a strongly bearish trend, the price of PUBLICIS GROUPE SA is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 41.33 EUR remains possible. It would be possible for traders to only trade short positions (for sale) on PUBLICIS GROUPE SA as long as the price remains well below 41.33 EUR. The next bearish objective for sellers is set at 38.52 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 36.57 EUR. In case of crossing, the next objective would be the support located at 29.48 EUR.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.9
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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 PUBLICIS GROUPE SA price is 39.46 EUR. On the day, this instrument gained +0.77% and was traded between 38.98 EUR and 39.52 EUR over the period. The price is currently at +1.23% from its lowest and -0.15% from its highest.38.98
39.52
39.46
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PUBLICIS GROUPE SA chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
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 this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.48 | 36.57 | 38.52 | 39.46 | 41.33 | 46.62 | 50.78 |
| Change (%) | -25.29% | -7.32% | -2.38% | - | +4.74% | +18.14% | +28.69% |
| Change | -9.98 | -2.89 | -0.94 | - | +1.87 | +7.16 | +11.32 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | 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 | 38.00 | 38.43 | 38.79 | 39.22 | 39.58 | 40.01 | 40.37 |
| Camarilla | 38.94 | 39.02 | 39.09 | 39.16 | 39.23 | 39.31 | 39.38 |
| Woodie | 37.98 | 38.41 | 38.77 | 39.20 | 39.56 | 39.99 | 40.35 |
| Fibonacci | 38.43 | 38.73 | 38.92 | 39.22 | 39.52 | 39.71 | 40.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.18 | 38.08 | 38.69 | 39.59 | 40.20 | 41.10 | 41.71 |
| Camarilla | 38.89 | 39.02 | 39.16 | 39.30 | 39.44 | 39.58 | 39.72 |
| Woodie | 37.04 | 38.01 | 38.55 | 39.52 | 40.06 | 41.03 | 41.57 |
| Fibonacci | 38.08 | 38.66 | 39.01 | 39.59 | 40.17 | 40.52 | 41.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.28 | 30.13 | 34.34 | 40.19 | 44.40 | 50.25 | 54.46 |
| Camarilla | 35.78 | 36.71 | 37.63 | 38.55 | 39.47 | 40.39 | 41.32 |
| Woodie | 23.46 | 29.72 | 33.52 | 39.78 | 43.58 | 49.84 | 53.64 |
| Fibonacci | 30.13 | 33.97 | 36.35 | 40.19 | 44.03 | 46.41 | 50.25 |
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): | 47.30 | |
| MACD (12,26,9): | -0.3000 | |
| Directional Movement: | -4.15 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 39.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.63 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 41.25 | |
| Zig ZAG (10): | 39.52 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 37.63 | |
| TEMA (21): | 39.50 | |
| Williams %R (14): | -54.08 | |
| Chande Momentum Oscillator (20): | 0.65 | |
| Repulse (5,40,3): | 0.5100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 4.43 |
| MA7: | 39.56 | |
| MA20: | 39.28 | |
| MA50: | 41.37 | |
| MA100: | 42.88 | |
| MAexp7: | 39.45 | |
| MAexp20: | 39.56 | |
| MAexp50: | 40.75 | |
| MAexp100: | 42.41 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | +0.46% | |
| Price / MA50: | -4.62% | |
| Price / MA100: | -7.98% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -3.17% | |
| Price / MAexp100: | -6.96% |
News
Don"t forget to follow the news on PUBLICIS GROUPE SA. At the time of publication of this analysis, the latest news was as follows:
- Publicis Groupe: Invitation
- Publicis Groupe: Third Quarter 2019 Revenue
- Publicis Groupe acquires US based full-service marketing agency Rauxa
- Publicis Drugstore and Plexal in new partnership to help startups and corporates collaborate
- Publicis Communications Production Company, Prodigious, Acquires Translate Plus, Translation and Transcreation Company
This member declared not having a position on this financial instrument or a related financial instrument.
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