WENDEL - Daily - Technical analysis published on 04/03/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 90.54 EUR
My targets
99.30 EUR (+5.30%)
104.05 EUR (+10.34%)
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 90.54 EUR. The buyers' bullish objective is set at 99.30 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 104.05 EUR. If there is any crossing, the next objective would be the resistance located at 117.69 EUR. 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
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 92.58 | 93.07 | 93.68 | 94.17 | 94.78 | 95.27 | 95.88 |
Camarilla | 94.00 | 94.10 | 94.20 | 94.30 | 94.40 | 94.50 | 94.60 |
Woodie | 92.65 | 93.10 | 93.75 | 94.20 | 94.85 | 95.30 | 95.95 |
Fibonacci | 93.07 | 93.49 | 93.75 | 94.17 | 94.59 | 94.85 | 95.27 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 90.87 | 91.83 | 93.22 | 94.18 | 95.57 | 96.53 | 97.92 |
Camarilla | 93.95 | 94.17 | 94.39 | 94.60 | 94.82 | 95.03 | 95.25 |
Woodie | 91.08 | 91.94 | 93.43 | 94.29 | 95.78 | 96.64 | 98.13 |
Fibonacci | 91.83 | 92.73 | 93.29 | 94.18 | 95.08 | 95.64 | 96.53 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 83.53 | 85.97 | 90.28 | 92.72 | 97.03 | 99.47 | 103.78 |
Camarilla | 92.74 | 93.36 | 93.98 | 94.60 | 95.22 | 95.84 | 96.46 |
Woodie | 84.48 | 86.44 | 91.23 | 93.19 | 97.98 | 99.94 | 104.73 |
Fibonacci | 85.97 | 88.55 | 90.14 | 92.72 | 95.30 | 96.89 | 99.47 |
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
News
The last news published on WENDEL at the time of the generation of this analysis was as follows:
- WENDEL: Shareholders’ Meeting set for May 16, 2024
- Wendel: Availability of the 2023 Universal Registration Document
- WENDEL: 2023 Full-Year Results
- Wendel Press Release
- WENDEL: IHS Towers and Wendel agree to present and support changes to the corporate governance of the Company at the next IHS Towers’ annual general meeting
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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