Londinia Opportunities Analyses - 01/19/2022 (GMT) SBM OFFSHORE - 1H

SBM OFFSHORE
- EUR (-)
- 15 min delayed data - Euronext Amsterdam
Type: Stocks
Ticker: SBMO
ISIN: NL0000360618

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 13.976 EUR
My targets
14.657 EUR (+3.18%)
14.930 EUR (+5.10%)
My analysis
The basic bullish trend is very strong on SBM OFFSHORE but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 13.976 EUR. Crossing the first resistance at 14.657 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 14.930 EUR as an objective. Crossing it would then enable buyers to target 15.745 EUR. Caution, a return to below 13.976 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.3

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The SBM OFFSHORE price is 14.205 EUR. The price registered an increase of +1.57% on the session and was between 13.895 EUR and 14.220 EUR. This implies that the price is at +2.23% from its lowest and at -0.11% from its highest.

13.895
14.220
14.205

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, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this SBM OFFSHORE chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.119 13.758 13.976 14.205 14.233 14.930 15.745
Change (%) -7.65% -3.15% -1.61% - +0.20% +5.10% +10.84%
Change -1.086 -0.447 -0.229 - +0.028 +0.725 +1.540
Level Major Intermediate Intermediate - Intermediate Intermediate 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
Standard13.30813.60213.79314.08714.27814.57214.763
Camarilla13.85213.89613.94113.98514.03014.07414.118
Woodie13.25813.57613.74314.06114.22814.54614.713
Fibonacci13.60213.78713.90114.08714.27214.38614.572


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.96813.25713.66813.95714.36814.65715.068
Camarilla13.88813.95214.01614.08014.14414.20814.273
Woodie13.03013.28813.73013.98814.43014.68815.130
Fibonacci13.25713.52413.68913.95714.22414.38914.657


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.32011.74512.42012.84513.52013.94514.620
Camarilla12.79312.89312.99413.09513.19613.29713.398
Woodie11.44511.80812.54512.90813.64514.00814.745
Fibonacci11.74512.16512.42512.84513.26513.52513.945

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): 55.97
MACD (12,26,9): 0.0020
Directional Movement: 2.318
AROON (14): -21.428
DEMA (21): 14.105
Parabolic SAR (0,02-0,02-0,2): 13.908
Elder Ray (13): 0.087
Super Trend (3,10): 14.272
Zig ZAG (10): 14.200
VORTEX (21): 0.9710
Stochastique (14,3,5): 53.95
TEMA (21): 14.077
Williams %R (14): -37.11
Chande Momentum Oscillator (20): 0.135
Repulse (5,40,3): 0.9500
ROCnROLL: 1
TRIX (15,9): -0.0060
Courbe Coppock: 2.21
MA7: 14.107
MA20: 13.572
MA50: 13.184
MA100: 13.999
MAexp7: 14.112
MAexp20: 14.100
MAexp50: 14.042
MAexp100: 13.855
Price / MA7: +0.69%
Price / MA20: +4.66%
Price / MA50: +7.74%
Price / MA100: +1.47%
Price / MAexp7: +0.66%
Price / MAexp20: +0.74%
Price / MAexp50: +1.16%
Price / MAexp100: +2.53%

Quotes : - 15 min delayed data - Euronext Amsterdam