Londinia Opportunities Analyses - 05/07/2024 (GMT) TESSENDERLO - 1H
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EUR
(-)
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15 min delayed data - Euronext Bruxelles
| Type: | Stocks |
| Ticker: | TESB |
| ISIN: | BE0003555639 |
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
72%
6%
22%
My opinion
Bullish above 24.45 EUR
My targets
24.75 EUR (+0.61%)
26.35 EUR (+7.11%)
My analysis
TESSENDERLO 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 24.45 EUR. The next resistance located at 24.75 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 26.35 EUR. After this resistance, buyers could then target 27.47 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
0
10
8.2
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Additional analysis
Quotes
The TESSENDERLO price is 24.60 EUR. The price registered an increase of +0.41% on the session and was between 24.45 EUR and 24.60 EUR. This implies that the price is at +0.61% from its lowest and at 0% from its highest.24.45
24.60
24.60
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TESSENDERLO:
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 TESSENDERLO chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.16 | 24.30 | 24.45 | 24.60 | 24.65 | 24.75 | 26.35 |
| Change (%) | -1.79% | -1.22% | -0.61% | - | +0.20% | +0.61% | +7.11% |
| Change | -0.44 | -0.30 | -0.15 | - | +0.05 | +0.15 | +1.75 |
| Level | Intermediate | Intermediate | Minor | - | Minor | 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 | 24.05 | 24.20 | 24.35 | 24.50 | 24.65 | 24.80 | 24.95 |
| Camarilla | 24.42 | 24.45 | 24.47 | 24.50 | 24.53 | 24.56 | 24.58 |
| Woodie | 24.05 | 24.20 | 24.35 | 24.50 | 24.65 | 24.80 | 24.95 |
| Fibonacci | 24.20 | 24.32 | 24.39 | 24.50 | 24.62 | 24.69 | 24.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.32 | 23.53 | 23.97 | 24.18 | 24.62 | 24.83 | 25.27 |
| Camarilla | 24.22 | 24.28 | 24.34 | 24.40 | 24.46 | 24.52 | 24.58 |
| Woodie | 23.43 | 23.59 | 24.08 | 24.24 | 24.73 | 24.89 | 25.38 |
| Fibonacci | 23.53 | 23.78 | 23.94 | 24.18 | 24.43 | 24.59 | 24.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.57 | 22.53 | 23.32 | 24.28 | 25.07 | 26.03 | 26.82 |
| Camarilla | 23.62 | 23.78 | 23.94 | 24.10 | 24.26 | 24.42 | 24.58 |
| Woodie | 21.48 | 22.49 | 23.23 | 24.24 | 24.98 | 25.99 | 26.73 |
| Fibonacci | 22.53 | 23.20 | 23.62 | 24.28 | 24.95 | 25.37 | 26.03 |
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): | 59.44 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 26.45 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 24.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.42 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 24.22 | |
| Zig ZAG (10): | 24.60 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 70.00 | |
| TEMA (21): | 24.60 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.86 |
| MA7: | 24.23 | |
| MA20: | 23.97 | |
| MA50: | 24.60 | |
| MA100: | 25.86 | |
| MAexp7: | 24.54 | |
| MAexp20: | 24.42 | |
| MAexp50: | 24.23 | |
| MAexp100: | 24.11 | |
| Price / MA7: | +1.53% | |
| Price / MA20: | +2.63% | |
| Price / MA50: | -0% | |
| Price / MA100: | -4.87% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.74% | |
| Price / MAexp50: | +1.53% | |
| Price / MAexp100: | +2.03% |
Quotes :
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15 min delayed data
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Euronext Bruxelles
News
The last news published on TESSENDERLO at the time of the generation of this analysis was as follows:
Tessenderlo Chemie