Londinia Opportunities Analyses - 09/23/2021 (GMT) BENETEAU - 1H

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	BEN
ISIN:	FR0000035164

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 13.84 EUR

My targets

14.68 EUR (+3.53%)

15.88 EUR (+11.99%)

My analysis

BENETEAU is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 13.84 EUR. The next resistance located at 14.68 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 15.88 EUR. After this resistance, buyers could then target 16.71 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

9.1

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

BENETEAU rating 14.18 EUR. The price has increased by +2.61% since the last closing and was traded between 13.80 EUR and 14.20 EUR over the period. The price is currently at +2.75% from its lowest and -0.14% from its highest.

13.80

14.20

14.18

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in 1H of this BENETEAU chart shows a strongly bullish trend. 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.

An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.68	13.84	14.12	14.18	14.25	14.68	16.71
Change (%)	-3.53%	-2.40%	-0.42%	-	+0.49%	+3.53%	+17.84%
Change	-0.50	-0.34	-0.06	-	+0.07	+0.50	+2.53
Level	Intermediate	Minor	Major	-	Major	Minor	Major

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	13.34	13.46	13.64	13.76	13.94	14.06	14.24
Camarilla	13.74	13.77	13.79	13.82	13.85	13.88	13.90
Woodie	13.37	13.48	13.67	13.78	13.97	14.08	14.27
Fibonacci	13.46	13.58	13.65	13.76	13.88	13.95	14.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.35	12.71	12.97	13.33	13.59	13.95	14.21
Camarilla	13.07	13.13	13.18	13.24	13.30	13.35	13.41
Woodie	12.31	12.69	12.93	13.31	13.55	13.93	14.17
Fibonacci	12.71	12.94	13.09	13.33	13.56	13.71	13.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.42	11.40	12.24	13.22	14.06	15.04	15.88
Camarilla	12.58	12.75	12.91	13.08	13.25	13.41	13.58
Woodie	10.35	11.37	12.17	13.19	13.99	15.01	15.81
Fibonacci	11.40	12.10	12.53	13.22	13.92	14.35	15.04

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):	76.73
MACD (12,26,9):	0.1200
Directional Movement:	29.39
AROON (14):	100.00
DEMA (21):	13.97
Parabolic SAR (0,02-0,02-0,2):	13.87
Elder Ray (13):	0.15
Super Trend (3,10):	13.73
Zig ZAG (10):	14.12
VORTEX (21):	1.1900
Stochastique (14,3,5):	83.33
TEMA (21):	14.03
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.38
Repulse (5,40,3):	2.2200
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	3.63

MA7:	13.58
MA20:	13.41
MA50:	13.30
MA100:	13.34
MAexp7:	13.95
MAexp20:	13.80
MAexp50:	13.63
MAexp100:	13.52
Price / MA7:	+4.42%
Price / MA20:	+5.74%
Price / MA50:	+6.62%
Price / MA100:	+6.30%
Price / MAexp7:	+1.65%
Price / MAexp20:	+2.75%
Price / MAexp50:	+4.04%
Price / MAexp100:	+4.88%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on BENETEAU at the time of the generation of this analysis was as follows: