SOLVAY - 1H - Technical analysis published on 04/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 102.27 EUR
My targets
106.49 EUR (+1.66%)
108.95 EUR (+4.01%)
My analysis
The basic bullish trend is very strong on SOLVAY 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 102.27 EUR. Crossing the first resistance at 106.49 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 108.95 EUR as an objective. Crossing it would then enable buyers to target 111.72 EUR. Caution, a return to below 102.27 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
4.6
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Additional analysis
Quotes
SOLVAY rating 104.75 EUR. The price registered a decrease of -0.57% on the session and was traded between 104.25 EUR and 105.90 EUR over the period. The price is currently at +0.48% from its lowest and -1.09% from its highest.104.25
105.90
104.75
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOLVAY:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SOLVAY chart shows a strongly bullish trend. 85.71% 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 market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 98.91 | 100.23 | 102.27 | 104.75 | 106.49 | 108.95 | 111.72 |
| Change (%) | -5.58% | -4.32% | -2.37% | - | +1.66% | +4.01% | +6.65% |
| Change | -5.84 | -4.52 | -2.48 | - | +1.74 | +4.20 | +6.97 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.20 | 103.75 | 104.55 | 105.10 | 105.90 | 106.45 | 107.25 |
| Camarilla | 104.98 | 105.10 | 105.23 | 105.35 | 105.47 | 105.60 | 105.72 |
| Woodie | 103.33 | 103.81 | 104.68 | 105.16 | 106.03 | 106.51 | 107.38 |
| Fibonacci | 103.75 | 104.27 | 104.58 | 105.10 | 105.62 | 105.93 | 106.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.53 | 97.62 | 101.48 | 103.57 | 107.43 | 109.52 | 113.38 |
| Camarilla | 103.71 | 104.26 | 104.81 | 105.35 | 105.90 | 106.44 | 106.99 |
| Woodie | 96.43 | 98.06 | 102.38 | 104.01 | 108.33 | 109.96 | 114.28 |
| Fibonacci | 97.62 | 99.89 | 101.29 | 103.57 | 105.84 | 107.24 | 109.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.83 | 87.98 | 96.66 | 102.81 | 111.49 | 117.64 | 126.32 |
| Camarilla | 101.27 | 102.63 | 103.99 | 105.35 | 106.71 | 108.07 | 109.43 |
| Woodie | 83.11 | 88.61 | 97.94 | 103.44 | 112.77 | 118.27 | 127.60 |
| Fibonacci | 87.98 | 93.64 | 97.14 | 102.81 | 108.47 | 111.97 | 117.64 |
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): | 54.59 | |
| MACD (12,26,9): | 0.5300 | |
| Directional Movement: | -1.25 | |
| AROON (14): | 0 | |
| DEMA (21): | 105.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.90 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 103.83 | |
| Zig ZAG (10): | 104.75 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 46.13 | |
| TEMA (21): | 105.27 | |
| Williams %R (14): | -72.73 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | -0.9700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 0.24 |
| MA7: | 103.11 | |
| MA20: | 101.92 | |
| MA50: | 105.65 | |
| MA100: | 101.07 | |
| MAexp7: | 105.01 | |
| MAexp20: | 104.72 | |
| MAexp50: | 103.40 | |
| MAexp100: | 102.45 | |
| Price / MA7: | +1.59% | |
| Price / MA20: | +2.78% | |
| Price / MA50: | -0.85% | |
| Price / MA100: | +3.64% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +1.31% | |
| Price / MAexp100: | +2.24% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on SOLVAY. At the time of publication of this analysis, the latest news was as follows:
- Solvay showcases the leading positions and growth prospects of its Soda Ash business
- Solvay fourth quarter and full-year 2022 results
- Solvay reports limited share buyback in the context of it Employee Share Purchase Plan
- Solvay announces early redemption of USD senior bonds
- Solvay to expand capacity and reduce GHG emissions at its Wyoming Soda Ash plant
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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