Londinia Opportunities Analyses - 04/19/2024 (GMT) LOTUS BAKERIES - 1H

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Type:	Stocks
Ticker:	LOTB
ISIN:	BE0003604155

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%

22%

My opinion

Bullish above 8,932.2 EUR

My targets

9,100.0 EUR (+1.34%)

9,360.0 EUR (+4.23%)

My analysis

LOTUS BAKERIES 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 8,932.2 EUR. The next resistance located at 9,100.0 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 9,360.0 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.

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

8.6

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Additional analysis

Quotes

The LOTUS BAKERIES rating is 8,980.0 EUR. On the day, this instrument lost -0.33% and was traded between 8,950.0 EUR and 9,010.0 EUR over the period. The price is currently at +0.34% from its lowest and -0.33% from its highest.

8,950.0

9,010.0

8,980.0

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 (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of LOTUS BAKERIES in 1H shows a strongly overall 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.

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Piercing line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8,640.0	8,820.0	8,932.2	8,980.0	9,000.0	9,100.0	9,360.0
Change (%)	-3.79%	-1.78%	-0.53%	-	+0.22%	+1.34%	+4.23%
Change	-340.0	-160.0	-47.8	-	+20.0	+120.0	+380.0
Level	Minor	Intermediate	Minor	-	Major	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,666.7	8,743.3	8,876.7	8,953.3	9,086.7	9,163.3	9,296.7
Camarilla	8,952.3	8,971.5	8,990.8	9,010.0	9,029.3	9,048.5	9,067.8
Woodie	8,695.0	8,757.5	8,905.0	8,967.5	9,115.0	9,177.5	9,325.0
Fibonacci	8,743.3	8,823.6	8,873.1	8,953.3	9,033.6	9,083.1	9,163.3

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,403.3	8,596.7	8,713.3	8,906.7	9,023.3	9,216.7	9,333.3
Camarilla	8,744.8	8,773.2	8,801.6	8,830.0	8,858.4	8,886.8	8,915.3
Woodie	8,365.0	8,577.5	8,675.0	8,887.5	8,985.0	9,197.5	9,295.0
Fibonacci	8,596.7	8,715.1	8,788.3	8,906.7	9,025.1	9,098.3	9,216.7

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,070.0	8,290.0	8,620.0	8,840.0	9,170.0	9,390.0	9,720.0
Camarilla	8,798.8	8,849.2	8,899.6	8,950.0	9,000.4	9,050.8	9,101.3
Woodie	8,125.0	8,317.5	8,675.0	8,867.5	9,225.0	9,417.5	9,775.0
Fibonacci	8,290.0	8,500.1	8,629.9	8,840.0	9,050.1	9,179.9	9,390.0

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):	60.00
MACD (12,26,9):	25.6000
Directional Movement:	18.0
AROON (14):	50.0
DEMA (21):	8,936.9
Parabolic SAR (0,02-0,02-0,2):	8,828.3
Elder Ray (13):	44.9
Super Trend (3,10):	8,874.4
Zig ZAG (10):	8,980.0
VORTEX (21):	1.1000
Stochastique (14,3,5):	77.80
TEMA (21):	8,960.3
Williams %R (14):	-23.80
Chande Momentum Oscillator (20):	70.0
Repulse (5,40,3):	0.4000
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.70

MA7:	8,895.7
MA20:	8,847.0
MA50:	8,878.0
MA100:	8,474.3
MAexp7:	8,948.1
MAexp20:	8,911.4
MAexp50:	8,890.8
MAexp100:	8,874.1
Price / MA7:	+0.95%
Price / MA20:	+1.50%
Price / MA50:	+1.15%
Price / MA100:	+5.97%
Price / MAexp7:	+0.36%
Price / MAexp20:	+0.77%
Price / MAexp50:	+1.00%
Price / MAexp100:	+1.19%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on LOTUS BAKERIES at the time of the analysis were as follows: