TOTALENERGIESGABON
TOTALENERGIESGABON
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: EC
ISIN: GA0000121459

TOTALENERGIESGABON - Daily - Technical analysis published on 09/12/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 135.1 EUR
My targets
143.2 EUR (+3.75%)
158.7 EUR (+15.00%)
My analysis
The bullish trend is currently very strong on TOTAL GABON. As long as the price remains above the support at 135.1 EUR, you could try to benefit from the boom. The first bullish objective is located at 143.2 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 158.7 EUR as an objective. Crossing it would then enable buyers to target 169.0 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Picoul. Take part yourself by sharing additional analysis on another time unit:
Weekly

Additional analysis

Quotes

TOTAL GABON rating 138.0 EUR. On the day, this instrument gained +1.85% with the lowest point at 136.0 EUR and the highest point at 138.5 EUR. The deviation from the price is +1.47% for the low point and -0.36% for the high point.

136.0
138.5
138.0

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.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this TOTAL GABON chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily


Resistance of triangle is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 110.0 123.5 135.1 138.0 158.7 169.0 184.0
Change (%) -20.29% -10.51% -2.10% - +15.00% +22.46% +33.33%
Change -28.0 -14.5 -2.9 - +20.7 +31.0 +46.0
Level Intermediate Major Major - Intermediate Intermediate Minor



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
Standard131.5133.5134.5136.5137.5139.5140.5
Camarilla134.7135.0135.2135.5135.8136.1136.3
Woodie131.0133.3134.0136.3137.0139.3140.0
Fibonacci133.5134.7135.4136.5137.7138.4139.5


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard98.8108.7122.3132.2145.8155.7169.3
Camarilla129.5131.7133.9136.0138.2140.3142.5
Woodie100.8109.6124.3133.1147.8156.6171.3
Fibonacci108.7117.6123.2132.2141.1146.7155.7


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard99.7105.8114.2120.3128.7134.8143.2
Camarilla118.5119.8121.2122.5123.8125.2126.5
Woodie100.8106.4115.3120.9129.8135.4144.3
Fibonacci105.8111.4114.8120.3125.9129.3134.8

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 73.90
MACD (12,26,9): 5.1000
Directional Movement: 12.4
AROON (14): 35.7
DEMA (21): 134.6
Parabolic SAR (0,02-0,02-0,2): 114.9
Elder Ray (13): 6.5
Super Trend (3,10): 123.8
Zig ZAG (10): 138.0
VORTEX (21): 1.0000
Stochastique (14,3,5): 81.10
TEMA (21): 136.0
Williams %R (14): -15.10
Chande Momentum Oscillator (20): 15.5
Repulse (5,40,3): -0.9000
ROCnROLL: 1
TRIX (15,9): 0.5000
Courbe Coppock: 15.10
MA7: 134.3
MA20: 127.2
MA50: 117.1
MA100: 108.9
MAexp7: 134.1
MAexp20: 128.1
MAexp50: 120.0
MAexp100: 114.0
Price / MA7: +2.76%
Price / MA20: +8.49%
Price / MA50: +17.85%
Price / MA100: +26.72%
Price / MAexp7: +2.91%
Price / MAexp20: +7.73%
Price / MAexp50: +15.00%
Price / MAexp100: +21.05%

Quotes : 2020-09-11 15:34:59 - 15 min delayed data - Euronext Paris

This member declared not having a position on this financial instrument or a related financial instrument.

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