OVH Technical Analysis - OVH GROUPE SA

Technical Rating and Analysis

Taking everything into account, OVH scores 10 out of 10 in our technical rating. OVH has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that OVH is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by OVH over the past year are nicely spread over this period.

OVH is one of the better performing stocks in the IT Services industry, it outperforms 96% of 76 stocks in the same industry.

OVH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OVH is lagging the market.

In the last month OVH has a been trading in the 9.91 - 13.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although OVH has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.30

13.12

We found 4 important support areas.

Support @10.57 from a trend line in the weekly time frame.
Support @10.37 from a trend line in the daily time frame.
Support @10.02 from a horizontal line in the daily time frame.
Support @9.39 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 12.89 to 12.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for OVH.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for OVH.PA is up.
ChartMill Relative Strength	93.84	POSITIVE	OVH.PA has a high relative strength, it outperformed 93.84% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of OVH.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of OVH.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of OVH.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	56.35	NEUTRAL	The RSI value for OVH.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests OVH.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	71.2	NEUTRAL	The Stochastics value for OVH.PA is a neutral value.
Average True Range in percent/ATR (20)	3.65	MEDIUM VOLATILITY	The ATR as a percentage value for OVH.PA suggests some volalility.
Average Directional Index/ADX (14)	26.42	POSITIVE	The high ADX value value for OVH.PA suggests a strong trend.