WENDEL

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MF
ISIN:	FR0000121204

WENDEL - Daily - Technical analysis published on 02/15/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 84.14 EUR

My targets

90.54 EUR (+4.07%)

93.93 EUR (+7.97%)

My analysis

The bullish trend is currently very strong on WENDEL. As long as the price remains above the support at 84.14 EUR, you could try to benefit from the boom. The first bullish objective is located at 90.54 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 93.93 EUR as an objective. Crossing it would then enable buyers to target 99.30 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

Comment on the analysis

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 pierrott. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WENDEL rating is 87.00 EUR. The price registered an increase of +1.28% on the session and was between 86.60 EUR and 88.15 EUR. This implies that the price is at +0.46% from its lowest and at -1.30% from its highest.

86.60

88.15

87.00

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of WENDEL in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	73.11	78.68	84.14	87.00	90.54	93.93	99.30
Change (%)	-15.97%	-9.56%	-3.29%	-	+4.07%	+7.97%	+14.14%
Change	-13.89	-8.32	-2.86	-	+3.54	+6.93	+12.30
Level	Major	Intermediate	Major	-	Major	Minor	Major

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	84.13	84.57	85.23	85.67	86.33	86.77	87.43
Camarilla	85.60	85.70	85.80	85.90	86.00	86.10	86.20
Woodie	84.25	84.63	85.35	85.73	86.45	86.83	87.55
Fibonacci	84.57	84.99	85.25	85.67	86.09	86.35	86.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80.97	82.38	83.57	84.98	86.17	87.58	88.77
Camarilla	84.04	84.27	84.51	84.75	84.99	85.23	85.47
Woodie	80.85	82.33	83.45	84.93	86.05	87.53	88.65
Fibonacci	82.38	83.38	83.99	84.98	85.98	86.59	87.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71.75	74.65	79.50	82.40	87.25	90.15	95.00
Camarilla	82.22	82.93	83.64	84.35	85.06	85.77	86.48
Woodie	72.73	75.14	80.48	82.89	88.23	90.64	95.98
Fibonacci	74.65	77.61	79.44	82.40	85.36	87.19	90.15

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):	67.34
MACD (12,26,9):	1.4300
Directional Movement:	17.51
AROON (14):	100.00
DEMA (21):	86.07
Parabolic SAR (0,02-0,02-0,2):	84.30
Elder Ray (13):	2.39
Super Trend (3,10):	82.63
Zig ZAG (10):	86.95
VORTEX (21):	1.2000
Stochastique (14,3,5):	79.63
TEMA (21):	86.50
Williams %R (14):	-23.08
Chande Momentum Oscillator (20):	2.40
Repulse (5,40,3):	-0.5800
ROCnROLL:	1
TRIX (15,9):	0.2300
Courbe Coppock:	8.79

MA7:	85.61
MA20:	83.97
MA50:	81.80
MA100:	78.08
MAexp7:	85.70
MAexp20:	84.23
MAexp50:	82.04
MAexp100:	81.38
Price / MA7:	+1.62%
Price / MA20:	+3.61%
Price / MA50:	+6.36%
Price / MA100:	+11.42%
Price / MAexp7:	+1.52%
Price / MAexp20:	+3.29%
Price / MAexp50:	+6.05%
Price / MAexp100:	+6.91%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on WENDEL 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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