TOTALENERGIESGABON - Daily - Technical analysis published on 03/05/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 130.0 EUR
My targets
115.2 EUR (-6.74%)
110.0 EUR (-10.93%)
My analysis
The bearish trend is currently very strong for TOTAL GABON. As long as the price remains below the resistance at 130.0 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 115.2 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 110.0 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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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TOTAL GABON rating is 123.5 EUR. On the day, this instrument gained +1.65% and was traded between 122.0 EUR and 125.0 EUR over the period. The price is currently at +1.23% from its lowest and -1.20% from its highest.122.0
125.0
123.5
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TOTAL GABON chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
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:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 110.0 | 123.5 | 130.0 | 136.5 | 143.1 |
| Change (%) | -10.93% | - | +5.26% | +10.53% | +15.87% |
| Change | -13.5 | - | +6.5 | +13.0 | +19.6 |
| Level | Intermediate | - | Major | 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 | 116.2 | 118.8 | 120.2 | 122.8 | 124.2 | 126.8 | 128.2 |
| Camarilla | 120.4 | 120.8 | 121.1 | 121.5 | 121.9 | 122.2 | 122.6 |
| Woodie | 115.5 | 118.5 | 119.5 | 122.5 | 123.5 | 126.5 | 127.5 |
| Fibonacci | 118.8 | 120.4 | 121.3 | 122.8 | 124.4 | 125.3 | 126.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.7 | 111.8 | 116.2 | 124.3 | 128.7 | 136.8 | 141.2 |
| Camarilla | 117.1 | 118.2 | 119.4 | 120.5 | 121.7 | 122.8 | 123.9 |
| Woodie | 101.8 | 110.9 | 114.3 | 123.4 | 126.8 | 135.9 | 139.3 |
| Fibonacci | 111.8 | 116.6 | 119.6 | 124.3 | 129.1 | 132.1 | 136.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.7 | 109.8 | 115.2 | 125.3 | 130.7 | 140.8 | 146.2 |
| Camarilla | 116.2 | 117.7 | 119.1 | 120.5 | 121.9 | 123.3 | 124.8 |
| Woodie | 97.3 | 108.6 | 112.8 | 124.1 | 128.3 | 139.6 | 143.8 |
| Fibonacci | 109.8 | 115.8 | 119.4 | 125.3 | 131.3 | 134.9 | 140.8 |
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): | 37.20 | |
| MACD (12,26,9): | -2.8000 | |
| Directional Movement: | -11.0 | |
| AROON (14): | -85.7 | |
| DEMA (21): | 124.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 128.9 | |
| Elder Ray (13): | -2.6 | |
| Super Trend (3,10): | 131.4 | |
| Zig ZAG (10): | 123.5 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 25.30 | |
| TEMA (21): | 122.4 | |
| Williams %R (14): | -74.10 | |
| Chande Momentum Oscillator (20): | -9.0 | |
| Repulse (5,40,3): | -2.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 13.90 |
| MA7: | 123.5 | |
| MA20: | 129.0 | |
| MA50: | 131.9 | |
| MA100: | 132.7 | |
| MAexp7: | 124.2 | |
| MAexp20: | 127.7 | |
| MAexp50: | 130.7 | |
| MAexp100: | 132.2 | |
| Price / MA7: | -0% | |
| Price / MA20: | -4.26% | |
| Price / MA50: | -6.37% | |
| Price / MA100: | -6.93% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -3.29% | |
| Price / MAexp50: | -5.51% | |
| Price / MAexp100: | -6.58% |
News
The last news published on TOTAL GABON at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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