SAFRAN - Daily - Technical analysis published on 10/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 136.45 EUR
My targets
141.30 EUR (0%)
145.00 EUR (+2.62%)
My analysis
The basic bullish trend is very strong on SAFRAN but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 136.45 EUR. Crossing the first resistance at 141.30 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 145.00 EUR as an objective. Caution, a return to below 136.45 EUR would be a sign of a consolidation phase in the short-term basic trend. 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 bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
4.1
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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 SAFRAN price is 141.30 EUR. On the day, this instrument lost -0.32% and was between 140.85 EUR and 142.05 EUR. This implies that the price is at +0.32% from its lowest and at -0.53% from its highest.140.85
142.05
141.30
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SAFRAN chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 129.92 | 136.45 | 141.30 | 141.30 | 145.00 |
| Change (%) | -8.05% | -3.43% | 0% | - | +2.62% |
| Change | -11.38 | -4.85 | 0 | - | +3.70 |
| Level | Intermediate | Minor | Minor | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 139.60 | 140.65 | 141.20 | 142.25 | 142.80 | 143.85 | 144.40 |
| Camarilla | 141.31 | 141.46 | 141.60 | 141.75 | 141.90 | 142.04 | 142.19 |
| Woodie | 139.35 | 140.53 | 140.95 | 142.13 | 142.55 | 143.73 | 144.15 |
| Fibonacci | 140.65 | 141.26 | 141.64 | 142.25 | 142.86 | 143.24 | 143.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 134.33 | 136.37 | 139.23 | 141.27 | 144.13 | 146.17 | 149.03 |
| Camarilla | 140.75 | 141.20 | 141.65 | 142.10 | 142.55 | 143.00 | 143.45 |
| Woodie | 134.75 | 136.58 | 139.65 | 141.48 | 144.55 | 146.38 | 149.45 |
| Fibonacci | 136.37 | 138.24 | 139.40 | 141.27 | 143.14 | 144.30 | 146.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.77 | 123.48 | 133.97 | 139.68 | 150.17 | 155.88 | 166.37 |
| Camarilla | 140.00 | 141.48 | 142.97 | 144.45 | 145.94 | 147.42 | 148.91 |
| Woodie | 120.15 | 124.68 | 136.35 | 140.88 | 152.55 | 157.08 | 168.75 |
| Fibonacci | 123.48 | 129.67 | 133.50 | 139.68 | 145.87 | 149.70 | 155.88 |
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): | 53.91 | |
| MACD (12,26,9): | 1.0500 | |
| Directional Movement: | 5.85 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 142.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 143.30 | |
| Elder Ray (13): | 0.28 | |
| Super Trend (3,10): | 137.75 | |
| Zig ZAG (10): | 141.30 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 50.94 | |
| TEMA (21): | 141.52 | |
| Williams %R (14): | -51.57 | |
| Chande Momentum Oscillator (20): | -3.15 | |
| Repulse (5,40,3): | -0.5100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 2.13 |
| MA7: | 141.01 | |
| MA20: | 141.60 | |
| MA50: | 136.19 | |
| MA100: | 132.08 | |
| MAexp7: | 141.28 | |
| MAexp20: | 140.74 | |
| MAexp50: | 137.47 | |
| MAexp100: | 132.88 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | +3.75% | |
| Price / MA100: | +6.98% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | +2.79% | |
| Price / MAexp100: | +6.34% |
News
Don"t forget to follow the news on SAFRAN. At the time of publication of this analysis, the latest news was as follows:
- Librestream’s Onsight Augmented Reality Platform is selected by Safran for remote assistance within service operations and manufacturing
- Boeing and Safran Invest in Electric Power Systems
- Boeing and Safran Announce New APU Joint Venture Name: Initium Aerospace
- Boeing, Safran Joint Venture to Start Operations
- Boeing, Safran Agree to Design, Build and Service Auxiliary Power Units
This member declared not having a position on this financial instrument or a related financial instrument.
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