SES - Daily - Technical analysis published on 06/14/2023 (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
17%
61%
22%
My opinion
Bearish under 5.328 EUR
My targets
4.768 EUR (-4.44%)
3.905 EUR (-21.74%)
My analysis
The bearish trend is currently very strong for SES. As long as the price remains below the resistance at 5.328 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.768 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.905 EUR as an objective. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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Additional analysis
Quotes
The SES price is 4.990 EUR. On the day, this instrument gained +6.26% with the lowest point at 4.768 EUR and the highest point at 4.996 EUR. The deviation from the price is +4.66% for the low point and -0.12% for the high point.4.768
4.996
4.990
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on SES were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Daily chart of SES indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by 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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.905 | 4.990 | 5.046 | 5.602 | 6.332 |
| Change (%) | -21.74% | - | +1.12% | +12.26% | +26.89% |
| Change | -1.085 | - | +0.056 | +0.612 | +1.342 |
| Level | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.421 | 4.557 | 4.627 | 4.763 | 4.833 | 4.969 | 5.039 |
| Camarilla | 4.639 | 4.658 | 4.677 | 4.696 | 4.715 | 4.734 | 4.753 |
| Woodie | 4.387 | 4.541 | 4.593 | 4.747 | 4.799 | 4.953 | 5.005 |
| Fibonacci | 4.557 | 4.636 | 4.685 | 4.763 | 4.842 | 4.891 | 4.969 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.243 | 5.362 | 5.473 | 5.592 | 5.703 | 5.822 | 5.933 |
| Camarilla | 5.522 | 5.543 | 5.564 | 5.585 | 5.606 | 5.627 | 5.648 |
| Woodie | 5.240 | 5.360 | 5.470 | 5.590 | 5.700 | 5.820 | 5.930 |
| Fibonacci | 5.362 | 5.450 | 5.504 | 5.592 | 5.680 | 5.734 | 5.822 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.768 | 5.107 | 5.328 | 5.667 | 5.888 | 6.227 | 6.448 |
| Camarilla | 5.396 | 5.447 | 5.499 | 5.550 | 5.601 | 5.653 | 5.704 |
| Woodie | 4.710 | 5.078 | 5.270 | 5.638 | 5.830 | 6.198 | 6.390 |
| Fibonacci | 5.107 | 5.321 | 5.453 | 5.667 | 5.881 | 6.013 | 6.227 |
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): | 35.43 | |
| MACD (12,26,9): | -0.1740 | |
| Directional Movement: | -26.074 | |
| AROON (14): | -71.428 | |
| DEMA (21): | 5.235 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.669 | |
| Elder Ray (13): | -0.441 | |
| Super Trend (3,10): | 5.427 | |
| Zig ZAG (10): | 4.990 | |
| VORTEX (21): | 0.6790 | |
| Stochastique (14,3,5): | 11.98 | |
| TEMA (21): | 5.093 | |
| Williams %R (14): | -70.87 | |
| Chande Momentum Oscillator (20): | -0.665 | |
| Repulse (5,40,3): | -5.1010 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2060 | |
| Courbe Coppock: | 17.29 |
| MA7: | 5.264 | |
| MA20: | 5.511 | |
| MA50: | 5.604 | |
| MA100: | 5.877 | |
| MAexp7: | 5.159 | |
| MAexp20: | 5.422 | |
| MAexp50: | 5.596 | |
| MAexp100: | 5.767 | |
| Price / MA7: | -5.21% | |
| Price / MA20: | -9.45% | |
| Price / MA50: | -10.96% | |
| Price / MA100: | -15.09% | |
| Price / MAexp7: | -3.28% | |
| Price / MAexp20: | -7.97% | |
| Price / MAexp50: | -10.83% | |
| Price / MAexp100: | -13.47% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on SES at the time of the generation of this analysis was as follows:
- SES Announces its Chief Executive Officer Steve Collar to Step Down
- SES Space & Defense Delivers Satellite Connectivity to AWS Modular Data Center for the U.S. Department of Defense
- SES Reaches 369 Million Homes Worldwide
- SES: Q1 2023 Results
- Profen to Deliver High Performance Networks across Türkiye and beyond with SES’s O3b mPOWER system
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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