VIRBAC - 1H - Technical analysis published on 10/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 275.7 EUR
My targets
293.3 EUR (+2.92%)
299.4 EUR (+5.05%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VIRBAC as long as the price remains well above 275.7 EUR. The buyers' bullish objective is set at 293.3 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 299.4 EUR. If there is any crossing, the next objective would be the resistance located at 310.3 EUR.
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
7.3
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VIRBAC rating 285.0 EUR. The price registered an increase of +12.43% on the session with the lowest point at 281.0 EUR and the highest point at 303.5 EUR. The deviation from the price is +1.42% for the low point and -6.10% for the high point.281.0
303.5
285.0
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this VIRBAC chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 262.5 | 267.1 | 270.0 | 285.0 | 299.4 | 310.3 | 376.9 |
| Change (%) | -7.89% | -6.28% | -5.26% | - | +5.05% | +8.88% | +32.25% |
| Change | -22.5 | -17.9 | -15.0 | - | +14.4 | +25.3 | +91.9 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
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 | 245.7 | 247.8 | 250.7 | 252.8 | 255.7 | 257.8 | 260.7 |
| Camarilla | 252.1 | 252.6 | 253.0 | 253.5 | 254.0 | 254.4 | 254.9 |
| Woodie | 246.0 | 248.0 | 251.0 | 253.0 | 256.0 | 258.0 | 261.0 |
| Fibonacci | 247.8 | 249.7 | 250.9 | 252.8 | 254.7 | 255.9 | 257.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 235.2 | 243.8 | 248.7 | 257.3 | 262.2 | 270.8 | 275.7 |
| Camarilla | 249.8 | 251.0 | 252.3 | 253.5 | 254.7 | 256.0 | 257.2 |
| Woodie | 233.3 | 242.9 | 246.8 | 256.4 | 260.3 | 269.9 | 273.8 |
| Fibonacci | 243.8 | 249.0 | 252.2 | 257.3 | 262.5 | 265.7 | 270.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 201.7 | 220.3 | 238.2 | 256.8 | 274.7 | 293.3 | 311.2 |
| Camarilla | 246.0 | 249.3 | 252.7 | 256.0 | 259.4 | 262.7 | 266.0 |
| Woodie | 201.3 | 220.1 | 237.8 | 256.6 | 274.3 | 293.1 | 310.8 |
| Fibonacci | 220.3 | 234.3 | 242.9 | 256.8 | 270.8 | 279.4 | 293.3 |
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): | 79.20 | |
| MACD (12,26,9): | 2.6000 | |
| Directional Movement: | 50.2 | |
| AROON (14): | 50.0 | |
| DEMA (21): | 262.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 252.0 | |
| Elder Ray (13): | 21.5 | |
| Super Trend (3,10): | 272.5 | |
| Zig ZAG (10): | 284.5 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 57.00 | |
| TEMA (21): | 265.9 | |
| Williams %R (14): | -35.50 | |
| Chande Momentum Oscillator (20): | 27.5 | |
| Repulse (5,40,3): | -3.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 5.10 |
| MA7: | 261.6 | |
| MA20: | 259.0 | |
| MA50: | 262.7 | |
| MA100: | 268.0 | |
| MAexp7: | 266.8 | |
| MAexp20: | 260.2 | |
| MAexp50: | 259.7 | |
| MAexp100: | 259.7 | |
| Price / MA7: | +8.94% | |
| Price / MA20: | +10.04% | |
| Price / MA50: | +8.49% | |
| Price / MA100: | +6.34% | |
| Price / MAexp7: | +6.82% | |
| Price / MAexp20: | +9.53% | |
| Price / MAexp50: | +9.74% | |
| Price / MAexp100: | +9.74% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on VIRBAC at the time of the analysis were as follows:
- VIRBAC: revenue growth at the end of September at +2.8% at constant exchange rates and scope thanks to a strong activity rebound in the third quarter (+7.8% at constant exchange rates and scope)
- VIRBAC: MAR Weekly Report_VIRBAC SA_9 to 13 October 2023
- Virbac : Declaration of the number of shares and voting rights 0/2023
- Virbac will enter the fast-growing poultry vaccines segment in India
- VIRBAC: current operating income before R&D slightly improving throughout first half of 2023 in percentage of revenue
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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