WENDEL
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 04/03/2024 (GMT)

  • 82
  • 0
  • Timeframe : Daily
  • - Analysis generated on
  • Status : IN PROGRESS...

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above
My targets
()
()
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WENDEL as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
7.9

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:
15 min. 1H Weekly

Additional analysis

Quotes

The WENDEL price is 94.30 EUR. The price registered an increase of +0.80% on the session and was between 93.55 EUR and 94.65 EUR. This implies that the price is at +0.80% from its lowest and at -0.37% from its highest.

93.55
94.65
94.30

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

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


Technical analysis of this Daily chart of WENDEL indicates that the overall trend is strongly bullish. 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.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Near resistance of channel

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 84.40 90.54 94.30 94.30 99.30 104.05 117.69
Change (%) -10.50% -3.99% 0% - +5.30% +10.34% +24.80%
Change -9.90 -3.76 0 - +5.00 +9.75 +23.39
Level Intermediate Major Major - Intermediate Intermediate 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
Standard92.5893.0793.6894.1794.7895.2795.88
Camarilla94.0094.1094.2094.3094.4094.5094.60
Woodie92.6593.1093.7594.2094.8595.3095.95
Fibonacci93.0793.4993.7594.1794.5994.8595.27


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard90.8791.8393.2294.1895.5796.5397.92
Camarilla93.9594.1794.3994.6094.8295.0395.25
Woodie91.0891.9493.4394.2995.7896.6498.13
Fibonacci91.8392.7393.2994.1895.0895.6496.53


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard83.5385.9790.2892.7297.0399.47103.78
Camarilla92.7493.3693.9894.6095.2295.8496.46
Woodie84.4886.4491.2393.1997.9899.94104.73
Fibonacci85.9788.5590.1492.7295.3096.8999.47

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): 63.31
MACD (12,26,9): 1.5200
Directional Movement: 14.87
AROON (14): 71.43
DEMA (21): 94.59
Parabolic SAR (0,02-0,02-0,2): 90.47
Elder Ray (13): 0.86
Super Trend (3,10): 89.68
Zig ZAG (10): 94.30
VORTEX (21): 1.1200
Stochastique (14,3,5): 83.24
TEMA (21): 94.47
Williams %R (14): -15.71
Chande Momentum Oscillator (20): 4.15
Repulse (5,40,3): 0.1300
ROCnROLL: 1
TRIX (15,9): 0.2500
Courbe Coppock: 5.09
MA7: 94.10
MA20: 92.59
MA50: 88.92
MA100: 83.93
MAexp7: 93.84
MAexp20: 92.49
MAexp50: 89.29
MAexp100: 86.34
Price / MA7: +0.21%
Price / MA20: +1.85%
Price / MA50: +6.05%
Price / MA100: +12.36%
Price / MAexp7: +0.49%
Price / MAexp20: +1.96%
Price / MAexp50: +5.61%
Price / MAexp100: +9.22%

Quotes : - 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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