BURELLE - Daily - Technical analysis published on 01/23/2020 (GMT)
- Who voted?
- 270
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 808.2 EUR
My targets
745.6 EUR (-2.15%)
700.0 EUR (-8.14%)
My analysis
BURELLE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 808.2 EUR. The next support located at 745.6 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 700.0 EUR. Below this support, sellers could then target 550.0 EUR.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
6.8
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 BURELLE price is 762.0 EUR. The price is lower by -1.04% since the last closing and was between 762.0 EUR and 774.0 EUR. This implies that the price is at 0% from its lowest and at -1.55% from its highest.762.0
774.0
762.0
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:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of BURELLE indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 215.9 | 550.0 | 745.6 | 762.0 | 773.0 | 808.2 | 878.8 |
| Change (%) | -71.67% | -27.82% | -2.15% | - | +1.44% | +6.06% | +15.33% |
| Change | -546.1 | -212.0 | -16.4 | - | +11.0 | +46.2 | +116.8 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 758.7 | 763.3 | 766.7 | 771.3 | 774.7 | 779.3 | 782.7 |
| Camarilla | 767.8 | 768.5 | 769.3 | 770.0 | 770.7 | 771.5 | 772.2 |
| Woodie | 758.0 | 763.0 | 766.0 | 771.0 | 774.0 | 779.0 | 782.0 |
| Fibonacci | 763.3 | 766.4 | 768.3 | 771.3 | 774.4 | 776.3 | 779.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 758.0 | 770.0 | 780.0 | 792.0 | 802.0 | 814.0 | 824.0 |
| Camarilla | 784.0 | 786.0 | 788.0 | 790.0 | 792.0 | 794.0 | 796.1 |
| Woodie | 757.0 | 769.5 | 779.0 | 791.5 | 801.0 | 813.5 | 823.0 |
| Fibonacci | 770.0 | 778.4 | 783.6 | 792.0 | 800.4 | 805.6 | 814.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 700.0 | 726.0 | 772.0 | 798.0 | 844.0 | 870.0 | 916.0 |
| Camarilla | 798.2 | 804.8 | 811.4 | 818.0 | 824.6 | 831.2 | 837.8 |
| Woodie | 710.0 | 731.0 | 782.0 | 803.0 | 854.0 | 875.0 | 926.0 |
| Fibonacci | 726.0 | 753.5 | 770.5 | 798.0 | 825.5 | 842.5 | 870.0 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.90 | |
| MACD (12,26,9): | -6.9000 | |
| Directional Movement: | -4.4 | |
| AROON (14): | -85.7 | |
| DEMA (21): | 782.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 833.8 | |
| Elder Ray (13): | -17.1 | |
| Super Trend (3,10): | 811.4 | |
| Zig ZAG (10): | 762.0 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 0.90 | |
| TEMA (21): | 775.8 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -60.0 | |
| Repulse (5,40,3): | -4.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 8.10 |
| MA7: | 778.6 | |
| MA20: | 796.7 | |
| MA50: | 792.0 | |
| MA100: | 804.6 | |
| MAexp7: | 777.1 | |
| MAexp20: | 789.3 | |
| MAexp50: | 794.9 | |
| MAexp100: | 803.6 | |
| Price / MA7: | -2.13% | |
| Price / MA20: | -4.36% | |
| Price / MA50: | -3.79% | |
| Price / MA100: | -5.29% | |
| Price / MAexp7: | -1.94% | |
| Price / MAexp20: | -3.46% | |
| Price / MAexp50: | -4.14% | |
| Price / MAexp100: | -5.18% |
News
The latest news and videos published on BURELLE at the time of the analysis were as follows:
BurelleThis member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis BURELLE - Daily