Londinia Opportunities Analyses - 02/01/2023 (GMT) PARROT - Daily

PARROT
- EUR (-)
- 15 min delayed data - Euronext Paris
Type: Stocks
Ticker: PARRO
ISIN: FR0004038263

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • Europe Stocks
  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 4.756 EUR
My targets
5.150 EUR (+4.89%)
5.380 EUR (+9.57%)
My analysis
The bullish trend is currently very strong on PARROT. As long as the price remains above the support at 4.756 EUR, you could try to benefit from the boom. The first bullish objective is located at 5.150 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.380 EUR as an objective. Crossing it would then enable buyers to target 5.558 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
8.4

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Additional analysis

Quotes

PARROT rating 4.910 EUR. The price registered an increase of +0.62% on the session with the lowest point at 4.745 EUR and the highest point at 4.910 EUR. The deviation from the price is +3.48% for the low point and 0% for the high point.

4.745
4.910
4.910

Here is a more detailed summary of the historical variations registered by PARROT:
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


Technical analysis of this Journalier chart of PARROT indicates that the overall trend is strongly bullish. 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 market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.199 4.472 4.756 4.910 4.975 5.150 5.380
Change (%) -14.48% -8.92% -3.14% - +1.32% +4.89% +9.57%
Change -0.711 -0.438 -0.154 - +0.065 +0.240 +0.470
Level Major Minor Minor - Intermediate Minor Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.6124.6734.7774.8384.9425.0035.107
Camarilla4.8354.8504.8654.8804.8954.9104.925
Woodie4.6334.6844.7984.8494.9635.0145.128
Fibonacci4.6734.7364.7754.8384.9014.9405.003


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.0334.2674.5334.7675.0335.2675.533
Camarilla4.6634.7084.7544.8004.8464.8924.938
Woodie4.0504.2754.5504.7755.0505.2755.550
Fibonacci4.2674.4584.5764.7674.9585.0765.267


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.6533.9474.4134.7075.1735.4675.933
Camarilla4.6714.7414.8104.8804.9505.0195.089
Woodie3.7403.9904.5004.7505.2605.5106.020
Fibonacci3.9474.2374.4164.7074.9975.1765.467

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): 59.30
MACD (12,26,9): 0.0890
Directional Movement: -3.674
AROON (14): 50.000
DEMA (21): 4.824
Parabolic SAR (0,02-0,02-0,2): 4.631
Elder Ray (13): 0.065
Super Trend (3,10): 4.318
Zig ZAG (10): 4.910
VORTEX (21): 1.0780
Stochastique (14,3,5): 71.60
TEMA (21): 4.862
Williams %R (14): -16.98
Chande Momentum Oscillator (20): 0.170
Repulse (5,40,3): 1.0710
ROCnROLL: 1
TRIX (15,9): 0.2140
Courbe Coppock: 10.82
MA7: 4.833
MA20: 4.687
MA50: 4.584
MA100: 4.340
MAexp7: 4.819
MAexp20: 4.715
MAexp50: 4.580
MAexp100: 4.455
Price / MA7: +1.59%
Price / MA20: +4.76%
Price / MA50: +7.11%
Price / MA100: +13.13%
Price / MAexp7: +1.89%
Price / MAexp20: +4.14%
Price / MAexp50: +7.21%
Price / MAexp100: +10.21%

Quotes : - 15 min delayed data - Euronext Paris