Londinia Opportunities Analyses - 02/01/2023 (GMT) ONTEX GROUP - 1H

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Type:	Stocks
Ticker:	ONTEX
ISIN:	BE0974276082

Londinia

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 bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 7.070 EUR

My targets

7.290 EUR (+1.60%)

7.800 EUR (+8.71%)

My analysis

ONTEX GROUP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.070 EUR. The next resistance located at 7.290 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.800 EUR. After this resistance, buyers could then target 11.335 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

Analysis too old. There are no more charts available.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The ONTEX GROUP price is 7.175 EUR. The price has increased by +0.63% since the last closing and was traded between 7.125 EUR and 7.205 EUR over the period. The price is currently at +0.70% from its lowest and -0.42% from its highest.

7.125

7.205

7.175

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 ONTEX GROUP chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.820	6.941	7.070	7.175	7.210	7.290	7.800
Change (%)	-4.95%	-3.26%	-1.46%	-	+0.49%	+1.60%	+8.71%
Change	-0.355	-0.234	-0.105	-	+0.035	+0.115	+0.625
Level	Major	Minor	Minor	-	Minor	Intermediate	Major

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
Standard	6.925	6.980	7.055	7.110	7.185	7.240	7.315
Camarilla	7.094	7.106	7.118	7.130	7.142	7.154	7.166
Woodie	6.935	6.985	7.065	7.115	7.195	7.245	7.325
Fibonacci	6.980	7.030	7.060	7.110	7.160	7.190	7.240

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.155	6.425	6.780	7.050	7.405	7.675	8.030
Camarilla	6.963	7.020	7.078	7.135	7.192	7.250	7.307
Woodie	6.198	6.446	6.823	7.071	7.448	7.696	8.073
Fibonacci	6.425	6.664	6.811	7.050	7.289	7.436	7.675

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.418	5.837	6.483	6.902	7.548	7.967	8.613
Camarilla	6.837	6.935	7.032	7.130	7.228	7.325	7.423
Woodie	5.533	5.894	6.598	6.959	7.663	8.024	8.728
Fibonacci	5.837	6.244	6.495	6.902	7.309	7.560	7.967

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):	58.37
MACD (12,26,9):	0.0180
Directional Movement:	11.738
AROON (14):	78.571
DEMA (21):	7.150
Parabolic SAR (0,02-0,02-0,2):	7.051
Elder Ray (13):	0.047
Super Trend (3,10):	7.044
Zig ZAG (10):	7.175
VORTEX (21):	1.0120
Stochastique (14,3,5):	76.95
TEMA (21):	7.150
Williams %R (14):	-17.65
Chande Momentum Oscillator (20):	0.115
Repulse (5,40,3):	0.1920
ROCnROLL:	1
TRIX (15,9):	0.0260
Courbe Coppock:	0.87

MA7:	7.090
MA20:	7.032
MA50:	6.608
MA100:	6.189
MAexp7:	7.149
MAexp20:	7.126
MAexp50:	7.091
MAexp100:	7.037
Price / MA7:	+1.20%
Price / MA20:	+2.03%
Price / MA50:	+8.58%
Price / MA100:	+15.93%
Price / MAexp7:	+0.36%
Price / MAexp20:	+0.69%
Price / MAexp50:	+1.18%
Price / MAexp100:	+1.96%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

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