Londinia Opportunities Analyses - 05/24/2022 (GMT) MAJOREL GROUP LUX - 1H

MAJOREL GROUP LUX
Type: Stocks
Ticker: MAJ
ISIN: LU2382956378

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: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 26.39 EUR
My targets
27.90 EUR (+3.91%)
29.40 EUR (+9.50%)
My analysis
The bullish trend is currently very strong on MAJOREL GROUP LUX. As long as the price remains above the support at 26.39 EUR, you could try to benefit from the boom. The first bullish objective is located at 27.90 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 29.40 EUR as an objective. Crossing it would then enable buyers to target 30.43 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1

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Additional analysis

Quotes

The MAJOREL GROUP LUX price is 26.85 EUR. On the day, this instrument gained +5.92% and was between 26.20 EUR and 27.35 EUR. This implies that the price is at +2.48% from its lowest and at -1.83% from its highest.

26.20
27.35
26.85

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MAJOREL GROUP LUX:

Technical


Technical analysis of this 1H chart of MAJOREL GROUP LUX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24.70 25.65 26.39 26.85 27.90 29.40 30.43
Change (%) -8.01% -4.47% -1.71% - +3.91% +9.50% +13.33%
Change -2.15 -1.20 -0.46 - +1.05 +2.55 +3.58
Level Major Minor Minor - Major Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.0224.1824.7725.9326.5227.6828.27
Camarilla24.8725.0325.1925.3525.5125.6725.83
Woodie22.7324.0424.4825.7926.2327.5427.98
Fibonacci24.1824.8525.2725.9326.6027.0227.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.3823.7724.9326.3227.4828.8730.03
Camarilla25.4025.6325.8726.1026.3326.5726.80
Woodie22.2823.7124.8326.2627.3828.8129.93
Fibonacci23.7724.7425.3426.3227.2927.8928.87


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.7724.8827.4229.5332.0734.1836.72
Camarilla28.6729.1029.5229.9530.3830.8031.23
Woodie22.9824.9927.6329.6432.2834.2936.93
Fibonacci24.8826.6627.7629.5331.3132.4134.18

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): 55.40
MACD (12,26,9): 0.0500
Directional Movement: -7.15
AROON (14): 7.14
DEMA (21): 26.47
Parabolic SAR (0,02-0,02-0,2): 25.35
Elder Ray (13): 0.35
Super Trend (3,10): 27.96
Zig ZAG (10): 26.90
VORTEX (21): 0.9500
Stochastique (14,3,5): 50.47
TEMA (21): 26.50
Williams %R (14): -22.50
Chande Momentum Oscillator (20): 0.55
Repulse (5,40,3): -2.9200
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 0.27
MA7: 26.39
MA20: 27.31
MA50: 27.83
MA100: 26.89
MAexp7: 26.45
MAexp20: 26.40
MAexp50: 26.37
MAexp100: 26.64
Price / MA7: +1.74%
Price / MA20: -1.68%
Price / MA50: -3.52%
Price / MA100: -0.15%
Price / MAexp7: +1.51%
Price / MAexp20: +1.70%
Price / MAexp50: +1.82%
Price / MAexp100: +0.79%

Quotes : - 15 min delayed data - Euronext Amsterdam