Londinia Opportunities Analyses - 05/06/2024 (GMT) ORGANON & CO. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	OGN
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 19.89 USD

My targets

20.30 USD (+1.50%)

21.15 USD (+5.75%)

My analysis

The bullish trend is currently very strong on ORGANON & CO.. As long as the price remains above the support at 19.89 USD, you could try to benefit from the boom. The first bullish objective is located at 20.30 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 21.15 USD as an objective. Crossing it would then enable buyers to target 22.56 USD. 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

8.9

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Additional analysis

Quotes

ORGANON & CO. rating 20.00 USD. On the day, this instrument gained +1.99% and was traded between 19.59 USD and 20.13 USD over the period. The price is currently at +2.09% from its lowest and -0.65% from its highest.

19.59

20.13

20.00

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ORGANON & CO. chart shows a strongly bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.22	18.85	19.89	20.00	20.30	21.15	22.56
Change (%)	-8.90%	-5.75%	-0.55%	-	+1.50%	+5.75%	+12.80%
Change	-1.78	-1.15	-0.11	-	+0.30	+1.15	+2.56
Level	Intermediate	Major	Minor	-	Major	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.36	18.88	19.25	19.77	20.14	20.66	21.03
Camarilla	19.37	19.45	19.53	19.61	19.69	19.77	19.86
Woodie	18.28	18.84	19.17	19.73	20.06	20.62	20.95
Fibonacci	18.88	19.22	19.43	19.77	20.11	20.32	20.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.19	17.15	18.38	19.34	20.57	21.53	22.76
Camarilla	19.01	19.21	19.41	19.61	19.81	20.01	20.21
Woodie	16.33	17.22	18.52	19.41	20.71	21.60	22.90
Fibonacci	17.15	17.99	18.50	19.34	20.18	20.69	21.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.90	16.62	17.61	18.33	19.32	20.04	21.03
Camarilla	18.14	18.30	18.45	18.61	18.77	18.92	19.08
Woodie	16.05	16.69	17.76	18.40	19.47	20.11	21.18
Fibonacci	16.62	17.27	17.67	18.33	18.98	19.38	20.04

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):	64.79
MACD (12,26,9):	0.3000
Directional Movement:	25.86
AROON (14):	57.14
DEMA (21):	19.78
Parabolic SAR (0,02-0,02-0,2):	18.87
Elder Ray (13):	0.22
Super Trend (3,10):	19.02
Zig ZAG (10):	19.97
VORTEX (21):	1.0800
Stochastique (14,3,5):	74.35
TEMA (21):	19.91
Williams %R (14):	-15.48
Chande Momentum Oscillator (20):	1.07
Repulse (5,40,3):	1.5600
ROCnROLL:	1
TRIX (15,9):	0.2000
Courbe Coppock:	11.70

MA7:	19.15
MA20:	18.45
MA50:	18.21
MA100:	16.87
MAexp7:	19.73
MAexp20:	19.41
MAexp50:	18.99
MAexp100:	18.66
Price / MA7:	+4.44%
Price / MA20:	+8.40%
Price / MA50:	+9.83%
Price / MA100:	+18.55%
Price / MAexp7:	+1.37%
Price / MAexp20:	+3.04%
Price / MAexp50:	+5.32%
Price / MAexp100:	+7.18%

Quotes : - 15 min delayed data - Actions NYSE