BUREAU VERITAS - Daily - Technical analysis published on 11/05/2019 (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
72%
6%
22%
My opinion
Bullish above 22.26 EUR
My targets
23.42 EUR (+2.05%)
24.18 EUR (+5.36%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BUREAU VERITAS as long as the price remains well above 22.26 EUR. The buyers” bullish objective is set at 23.42 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.18 EUR. If there is any crossing, the next objective would be the resistance located at 25.01 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BUREAU VERITAS rating is 22.95 EUR. The price is lower by -0.17% since the last closing and was traded between 22.85 EUR and 23.01 EUR over the period. The price is currently at +0.44% from its lowest and -0.26% from its highest.22.85
23.01
22.95
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 BUREAU VERITAS 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
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 under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 21.24 | 21.78 | 22.26 | 22.95 | 23.42 | 24.18 | 25.01 |
| Change (%) | -7.45% | -5.10% | -3.01% | - | +2.05% | +5.36% | +8.98% |
| Change | -1.71 | -1.17 | -0.69 | - | +0.47 | +1.23 | +2.06 |
| Level | Major | Major | Intermediate | - | Major | Minor | 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 | 22.90 | 22.94 | 23.02 | 23.06 | 23.14 | 23.18 | 23.26 |
| Camarilla | 23.07 | 23.08 | 23.09 | 23.10 | 23.11 | 23.12 | 23.13 |
| Woodie | 22.92 | 22.95 | 23.04 | 23.07 | 23.16 | 23.19 | 23.28 |
| Fibonacci | 22.94 | 22.99 | 23.01 | 23.06 | 23.11 | 23.13 | 23.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.65 | 21.98 | 22.48 | 22.81 | 23.31 | 23.64 | 24.14 |
| Camarilla | 22.76 | 22.84 | 22.91 | 22.99 | 23.07 | 23.14 | 23.22 |
| Woodie | 21.75 | 22.02 | 22.58 | 22.85 | 23.41 | 23.68 | 24.24 |
| Fibonacci | 21.98 | 22.29 | 22.49 | 22.81 | 23.12 | 23.32 | 23.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.63 | 20.32 | 21.60 | 22.29 | 23.57 | 24.26 | 25.54 |
| Camarilla | 22.35 | 22.53 | 22.71 | 22.89 | 23.07 | 23.25 | 23.43 |
| Woodie | 19.94 | 20.47 | 21.91 | 22.44 | 23.88 | 24.41 | 25.85 |
| Fibonacci | 20.32 | 21.07 | 21.53 | 22.29 | 23.04 | 23.50 | 24.26 |
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): | 69.62 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 18.86 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 22.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.01 | |
| Elder Ray (13): | 0.40 | |
| Super Trend (3,10): | 22.03 | |
| Zig ZAG (10): | 22.89 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 91.93 | |
| TEMA (21): | 22.97 | |
| Williams %R (14): | -14.10 | |
| Chande Momentum Oscillator (20): | 1.27 | |
| Repulse (5,40,3): | 1.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 11.37 |
| MA7: | 22.85 | |
| MA20: | 22.11 | |
| MA50: | 21.97 | |
| MA100: | 21.80 | |
| MAexp7: | 22.79 | |
| MAexp20: | 22.34 | |
| MAexp50: | 22.01 | |
| MAexp100: | 21.74 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +3.80% | |
| Price / MA50: | +4.46% | |
| Price / MA100: | +5.28% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +2.73% | |
| Price / MAexp50: | +4.27% | |
| Price / MAexp100: | +5.57% |
News
Don"t forget to follow the news on BUREAU VERITAS. At the time of publication of this analysis, the latest news was as follows:
- BUREAU VERITAS: Number of shares and voting rights as of September 30, 2019
- BUREAU VERITAS: Number of shares and voting rights as of August 31, 2019
- Bureau Veritas Signs Partnership With Cornis to Offer Advanced Blade Inspection Services for Wind Turbines
- Bureau Veritas Becomes the First Accredited Canadian Laboratory For Environmental DNA (eDNA) Testing
- Dignity Gold, LLC Hires Bureau Veritas through SION Trading FZE to Independently Verify Gold, Which is Backing its Dignity Tokens
This member declared not having a position on this financial instrument or a related financial instrument.
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