WENDEL - Daily - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 117.4 EUR
My targets
124.4 EUR (+0.24%)
126.6 EUR (+2.01%)
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 117.4 EUR. The buyers” bullish objective is set at 124.4 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 126.6 EUR. If there is any crossing, the next objective would be the resistance located at 131.6 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
6.6
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WENDEL price is 124.1 EUR. On the day, this instrument gained +0.32% and was traded between 123.1 EUR and 124.8 EUR over the period. The price is currently at +0.81% from its lowest and -0.56% from its highest.123.1
124.8
124.1
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
Technical
A technical analysis in Daily of this WENDEL chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : Daily
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 | 106.0 | 113.2 | 117.4 | 124.1 | 124.4 | 126.6 | 131.6 |
Change (%) | -14.59% | -8.78% | -5.40% | - | +0.24% | +2.01% | +6.04% |
Change | -18.1 | -10.9 | -6.7 | - | +0.3 | +2.5 | +7.5 |
Level | Minor | Intermediate | Major | - | Major | Major | 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 | 120.8 | 121.5 | 122.6 | 123.3 | 124.4 | 125.1 | 126.2 |
Camarilla | 123.2 | 123.4 | 123.5 | 123.7 | 123.9 | 124.0 | 124.2 |
Woodie | 121.0 | 121.6 | 122.8 | 123.4 | 124.6 | 125.2 | 126.4 |
Fibonacci | 121.5 | 122.2 | 122.6 | 123.3 | 124.0 | 124.4 | 125.1 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 116.2 | 118.9 | 120.5 | 123.2 | 124.8 | 127.5 | 129.1 |
Camarilla | 120.9 | 121.3 | 121.7 | 122.1 | 122.5 | 122.9 | 123.3 |
Woodie | 115.7 | 118.6 | 120.0 | 122.9 | 124.3 | 127.2 | 128.6 |
Fibonacci | 118.9 | 120.5 | 121.6 | 123.2 | 124.8 | 125.9 | 127.5 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 112.6 | 116.3 | 121.4 | 125.1 | 130.2 | 133.9 | 139.0 |
Camarilla | 124.2 | 125.0 | 125.8 | 126.6 | 127.4 | 128.2 | 129.0 |
Woodie | 113.4 | 116.7 | 122.2 | 125.5 | 131.0 | 134.3 | 139.8 |
Fibonacci | 116.3 | 119.6 | 121.7 | 125.1 | 128.4 | 130.5 | 133.9 |
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): | 51.90 | |
MACD (12,26,9): | 0.0000 | |
Directional Movement: | -2.5 | |
AROON (14): | 28.6 | |
DEMA (21): | 123.6 | |
Parabolic SAR (0,02-0,02-0,2): | 125.8 | |
Elder Ray (13): | 0.4 | |
Super Trend (3,10): | 120.7 | |
Zig ZAG (10): | 124.1 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 49.00 | |
TEMA (21): | 123.5 | |
Williams %R (14): | -34.00 | |
Chande Momentum Oscillator (20): | 1.8 | |
Repulse (5,40,3): | 0.9000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.20 |
MA7: | 123.9 | |
MA20: | 123.6 | |
MA50: | 123.8 | |
MA100: | 122.4 | |
MAexp7: | 123.7 | |
MAexp20: | 123.6 | |
MAexp50: | 123.3 | |
MAexp100: | 121.6 | |
Price / MA7: | +0.16% | |
Price / MA20: | +0.40% | |
Price / MA50: | +0.24% | |
Price / MA100: | +1.39% | |
Price / MAexp7: | +0.32% | |
Price / MAexp20: | +0.40% | |
Price / MAexp50: | +0.65% | |
Price / MAexp100: | +2.06% |
News
Don"t forget to follow the news on WENDEL. At the time of publication of this analysis, the latest news was as follows:
- Wendel Names Adam Reinmann CEO of Wendel North America
- WENDEL: Bernard Gautier leaves the Wendel group after 16 years of service as Group Deputy CEO
- WENDEL: 2019 Half-Year trading update
- WENDEL: Information published on the occasion of the Annual Meeting of Shareholders
- Wendel: Wendel reinvests €125 million in Cromology in conjunction with the renegotiation of Cromology's debt
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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