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Londinia Opportunities Analyses - 12/03/2021 (GMT) SOLOCAL GROUP - 1H

SOLOCAL GROUP
- EUR (-)
- 15 min delayed data - Euronext Paris
Type: Stocks
Ticker: LOCAL
ISIN: FR00140006O9

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 bearish
Underlying: Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.1204 EUR
My targets
1.0778 EUR (-2.76%)
1.0206 EUR (-7.92%)
My analysis
SOLOCAL GROUP 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 1.1204 EUR. The next support located at 1.0778 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 1.0206 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8

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Additional analysis

Quotes

The SOLOCAL GROUP rating is 1.1084 EUR. On the day, this instrument lost -2.03% with the lowest point at 1.1050 EUR and the highest point at 1.1300 EUR. The deviation from the price is +0.31% for the low point and -1.91% for the high point.

1.1050
1.1300
1.1084

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this SOLOCAL GROUP chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being 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 bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
ProTrendLines 1.1084 1.1204 1.1544 1.2000
Change (%) - +1.08% +4.15% +8.26%
Change - +0.0120 +0.0460 +0.0916
Level - Intermediate Minor Minor



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
Standard1.07091.08891.11011.12811.14931.16731.1885
Camarilla1.12061.12421.12781.13141.13501.13861.1422
Woodie1.07261.08971.11181.12891.15101.16811.1902
Fibonacci1.08891.10381.11311.12811.14301.15231.1673


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.02061.07781.10641.16361.19221.24941.2780
Camarilla1.11141.11931.12711.13501.14291.15071.1586
Woodie1.00631.07071.09211.15651.17791.24231.2637
Fibonacci1.07781.11061.13081.16361.19641.21661.2494


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.78420.94581.04581.20741.30741.46901.5690
Camarilla1.07391.09781.12181.14581.16981.19381.2177
Woodie0.75340.93041.01501.19201.27661.45361.5382
Fibonacci0.94581.04571.10751.20741.30731.36911.4690

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): 37.55
MACD (12,26,9): -0.0094
Directional Movement: -16.6096
AROON (14): -64.2857
DEMA (21): 1.1238
Parabolic SAR (0,02-0,02-0,2): 1.1675
Elder Ray (13): -0.0172
Super Trend (3,10): 1.1589
Zig ZAG (10): 1.1116
VORTEX (21): 0.9096
Stochastique (14,3,5): 17.27
TEMA (21): 1.1193
Williams %R (14): -92.03
Chande Momentum Oscillator (20): -0.0460
Repulse (5,40,3): -0.9392
ROCnROLL: 2
TRIX (15,9): -0.0761
Courbe Coppock: 6.41
MA7: 1.1483
MA20: 1.2177
MA50: 1.4114
MA100: 1.5140
MAexp7: 1.1223
MAexp20: 1.1349
MAexp50: 1.1498
MAexp100: 1.1755
Price / MA7: -3.47%
Price / MA20: -8.98%
Price / MA50: -21.47%
Price / MA100: -26.79%
Price / MAexp7: -1.24%
Price / MAexp20: -2.34%
Price / MAexp50: -3.60%
Price / MAexp100: -5.71%

Quotes : - 15 min delayed data - Euronext Paris

News


Don't forget to follow the news on SOLOCAL GROUP. At the time of publication of this analysis, the latest news was as follows: