LLAMA GROUP - Daily - Technical analysis published on 07/22/2022 (GMT)
- 165
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 1.198 EUR and 1.678 EUR
My targets
-
My analysis
The strong short-term increase on TARGETSPOT is in contrast to the bearish trend. Buyers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a rebound. Has an economic announcement impacting the basics been published? As long as the price remains above 1.198 EUR, you could take advantage of the short-term boom. The first bullish objective would be 1.678 EUR. Then the price could move towards 1.877 EUR. Then 2.240 EUR by extension. Attention should be paid to the reaction of the price on these resistances to see if the sellers show up. Be careful, a return below 1.198 EUR could be a sign of a reversal of the bearish trend.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TARGETSPOT rating is 1.400 EUR. The price has increased by +32.08% since the last closing with the lowest point at 1.060 EUR and the highest point at 1.400 EUR. The deviation from the price is +32.08% for the low point and 0% for the high point.1.060
1.400
1.400
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of TARGETSPOT indicates that the overall trend is bearish. The signals given by the moving averages are at 64.29% bearish. This bearish trend could quickly slow down given the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals 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 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
White marubozu
Type : Bullish
Timeframe : Daily
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.050 | 1.400 | 2.240 | 2.580 | 2.885 |
| Change (%) | -25.00% | - | +60.00% | +84.29% | +106.07% |
| Change | -0.350 | - | +0.840 | +1.180 | +1.485 |
| Level | Major | - | Minor | Minor | 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 | 1.043 | 1.047 | 1.053 | 1.057 | 1.063 | 1.067 | 1.073 |
| Camarilla | 1.057 | 1.058 | 1.059 | 1.060 | 1.061 | 1.062 | 1.063 |
| Woodie | 1.045 | 1.048 | 1.055 | 1.058 | 1.065 | 1.068 | 1.075 |
| Fibonacci | 1.047 | 1.051 | 1.053 | 1.057 | 1.061 | 1.063 | 1.067 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.928 | 0.972 | 1.023 | 1.067 | 1.118 | 1.162 | 1.213 |
| Camarilla | 1.049 | 1.058 | 1.066 | 1.075 | 1.084 | 1.092 | 1.101 |
| Woodie | 0.933 | 0.974 | 1.028 | 1.069 | 1.123 | 1.164 | 1.218 |
| Fibonacci | 0.972 | 1.008 | 1.030 | 1.067 | 1.103 | 1.125 | 1.162 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.437 | 0.718 | 0.917 | 1.198 | 1.397 | 1.678 | 1.877 |
| Camarilla | 0.983 | 1.027 | 1.071 | 1.115 | 1.159 | 1.203 | 1.247 |
| Woodie | 0.395 | 0.698 | 0.875 | 1.178 | 1.355 | 1.658 | 1.835 |
| Fibonacci | 0.718 | 0.902 | 1.015 | 1.198 | 1.382 | 1.495 | 1.678 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.35 | |
| MACD (12,26,9): | -0.0410 | |
| Directional Movement: | 16.193 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 1.043 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.015 | |
| Elder Ray (13): | 0.065 | |
| Super Trend (3,10): | 0.976 | |
| Zig ZAG (10): | 1.280 | |
| VORTEX (21): | 0.9180 | |
| Stochastique (14,3,5): | 43.79 | |
| TEMA (21): | 1.121 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.155 | |
| Repulse (5,40,3): | 22.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.8220 | |
| Courbe Coppock: | 2.84 |
| MA7: | 1.094 | |
| MA20: | 1.099 | |
| MA50: | 1.261 | |
| MA100: | 1.800 | |
| MAexp7: | 1.119 | |
| MAexp20: | 1.118 | |
| MAexp50: | 1.328 | |
| MAexp100: | 1.733 | |
| Price / MA7: | +27.97% | |
| Price / MA20: | +27.39% | |
| Price / MA50: | +11.02% | |
| Price / MA100: | -22.22% | |
| Price / MAexp7: | +25.11% | |
| Price / MAexp20: | +25.22% | |
| Price / MAexp50: | +5.42% | |
| Price / MAexp100: | -19.22% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on TARGETSPOT. At the time of publication of this analysis, the latest news was as follows:
- Targetspot Signs Major Video Partnership With ShowHeroes
- Targetspot Expands to Latin America With Top-tier Partnerships
- AudioValley is Changing Its Name to Targetspot
- AudioValley: Excellent 2021 Annual Results for the Targetspot Division. And Strong Investment in the Winamp Division
- AudioValley launches Bridger, a new independent rights management entity for songwriters
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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