Londinia Opportunities Analyses - 06/23/2022 (GMT) OMNICOM GROUP INC. - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 63.40 USD
My targets
58.77 USD (-4.86%)
55.86 USD (-9.56%)
My analysis
OMNICOM GROUP INC. 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 63.40 USD. The next support located at 58.77 USD 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 55.86 USD. Below this support, sellers could then target 53.19 USD. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The OMNICOM GROUP INC. rating is 61.77 USD. The price registered a decrease of -2.19% on the session and was traded between 61.72 USD and 63.01 USD over the period. The price is currently at +0.08% from its lowest and -1.97% from its highest.61.72
63.01
61.77
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
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 OMNICOM GROUP INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly 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.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 48.20 | 53.19 | 61.67 | 61.77 | 63.40 | 68.79 | 70.62 |
| Change (%) | -21.97% | -13.89% | -0.16% | - | +2.64% | +11.36% | +14.33% |
| Change | -13.57 | -8.58 | -0.10 | - | +1.63 | +7.02 | +8.85 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 61.24 | 61.94 | 62.55 | 63.25 | 63.86 | 64.56 | 65.17 |
| Camarilla | 62.79 | 62.91 | 63.03 | 63.15 | 63.27 | 63.39 | 63.51 |
| Woodie | 61.19 | 61.92 | 62.50 | 63.23 | 63.81 | 64.54 | 65.12 |
| Fibonacci | 61.94 | 62.44 | 62.75 | 63.25 | 63.75 | 64.06 | 64.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.86 | 58.77 | 60.93 | 63.84 | 66.00 | 68.91 | 71.07 |
| Camarilla | 61.71 | 62.17 | 62.64 | 63.10 | 63.57 | 64.03 | 64.49 |
| Woodie | 55.50 | 58.58 | 60.57 | 63.65 | 65.64 | 68.72 | 70.71 |
| Fibonacci | 58.77 | 60.70 | 61.90 | 63.84 | 65.77 | 66.97 | 68.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.20 | 59.48 | 66.67 | 72.95 | 80.14 | 86.42 | 93.61 |
| Camarilla | 70.17 | 71.40 | 72.64 | 73.87 | 75.11 | 76.34 | 77.57 |
| Woodie | 53.67 | 59.71 | 67.14 | 73.18 | 80.61 | 86.65 | 94.08 |
| Fibonacci | 59.48 | 64.62 | 67.80 | 72.95 | 78.09 | 81.27 | 86.42 |
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): | 34.59 | |
| MACD (12,26,9): | -0.5100 | |
| Directional Movement: | -15.11 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 62.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 64.13 | |
| Elder Ray (13): | -0.73 | |
| Super Trend (3,10): | 63.58 | |
| Zig ZAG (10): | 61.87 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 5.94 | |
| TEMA (21): | 62.30 | |
| Williams %R (14): | -93.99 | |
| Chande Momentum Oscillator (20): | -0.96 | |
| Repulse (5,40,3): | -0.7600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 3.71 |
| MA7: | 63.43 | |
| MA20: | 68.50 | |
| MA50: | 73.51 | |
| MA100: | 77.05 | |
| MAexp7: | 62.30 | |
| MAexp20: | 62.89 | |
| MAexp50: | 64.15 | |
| MAexp100: | 66.33 | |
| Price / MA7: | -2.62% | |
| Price / MA20: | -9.82% | |
| Price / MA50: | -15.97% | |
| Price / MA100: | -19.83% | |
| Price / MAexp7: | -0.85% | |
| Price / MAexp20: | -1.78% | |
| Price / MAexp50: | -3.71% | |
| Price / MAexp100: | -6.87% |
Quotes :
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15 min delayed data
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Actions NYSE
News
Don't forget to follow the news on OMNICOM GROUP INC.. At the time of publication of this analysis, the latest news was as follows:
- Omnicom Group Publishes Inaugural DE&I Report
- Omnicom Names Matt McNally CEO of Omnicom Health Group
- Omnicom Appoints Brian Clayton as Chief Data Privacy Officer
- Omnicom to Present at the J.P. Morgan Technology, Media and Telecom Conference
- Omnicom Group Inc. Declares Dividend