SOLVAC NOM(RETAIL) - Daily - Technical analysis published on 01/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 104.6 EUR
My targets
116.2 EUR (+4.68%)
My analysis
The bullish trend is currently very strong on SOLVAC NOM(RETAIL). As long as the price remains above the support at 104.6 EUR, you could try to benefit from the boom. The first bullish objective is located at 116.2 EUR. The bullish momentum would be boosted by a break in this resistance. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLVAC NOM(RETAIL) price is 111.0 EUR. On the day, this instrument gained +4.72% and was between 106.0 EUR and 111.0 EUR. This implies that the price is at +4.72% from its lowest and at 0% from its highest.106.0
111.0
111.0
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SOLVAC NOM(RETAIL) in Daily shows a strongly overall 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.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 93.8 | 100.6 | 104.6 | 111.0 | 111.7 | 116.2 |
| Change (%) | -15.50% | -9.37% | -5.77% | - | +0.63% | +4.68% |
| Change | -17.2 | -10.4 | -6.4 | - | +0.7 | +5.2 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.7 | 104.3 | 107.7 | 109.3 | 112.7 | 114.3 | 117.7 |
| Camarilla | 109.6 | 110.1 | 110.5 | 111.0 | 111.5 | 111.9 | 112.4 |
| Woodie | 103.5 | 104.8 | 108.5 | 109.8 | 113.5 | 114.8 | 118.5 |
| Fibonacci | 104.3 | 106.2 | 107.4 | 109.3 | 111.2 | 112.4 | 114.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.7 | 98.3 | 101.7 | 103.3 | 106.7 | 108.3 | 111.7 |
| Camarilla | 103.6 | 104.1 | 104.5 | 105.0 | 105.5 | 105.9 | 106.4 |
| Woodie | 97.5 | 98.8 | 102.5 | 103.8 | 107.5 | 108.8 | 112.5 |
| Fibonacci | 98.3 | 100.2 | 101.4 | 103.3 | 105.2 | 106.4 | 108.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.0 | 93.6 | 97.3 | 99.9 | 103.6 | 106.2 | 109.9 |
| Camarilla | 99.3 | 99.9 | 100.4 | 101.0 | 101.6 | 102.2 | 102.7 |
| Woodie | 91.6 | 93.9 | 97.9 | 100.2 | 104.2 | 106.5 | 110.5 |
| Fibonacci | 93.6 | 96.0 | 97.5 | 99.9 | 102.3 | 103.8 | 106.2 |
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): | 78.70 | |
| MACD (12,26,9): | 2.0000 | |
| Directional Movement: | 25.7 | |
| AROON (14): | 57.1 | |
| DEMA (21): | 105.5 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.8 | |
| Elder Ray (13): | 4.1 | |
| Super Trend (3,10): | 101.1 | |
| Zig ZAG (10): | 111.0 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 81.90 | |
| TEMA (21): | 106.8 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 9.0 | |
| Repulse (5,40,3): | 5.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 10.60 |
| MA7: | 105.7 | |
| MA20: | 102.4 | |
| MA50: | 101.2 | |
| MA100: | 97.9 | |
| MAexp7: | 106.1 | |
| MAexp20: | 103.3 | |
| MAexp50: | 101.0 | |
| MAexp100: | 99.1 | |
| Price / MA7: | +5.01% | |
| Price / MA20: | +8.40% | |
| Price / MA50: | +9.68% | |
| Price / MA100: | +13.38% | |
| Price / MAexp7: | +4.62% | |
| Price / MAexp20: | +7.45% | |
| Price / MAexp50: | +9.90% | |
| Price / MAexp100: | +12.01% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on SOLVAC NOM(RETAIL). At the time of publication of this analysis, the latest news was as follows:
- Total dividend 2022 increased by 2.6 %
- Solvac announces that its 2018 annual report is online
- Solvac: Increase in net profits of 4.6% compared to 2017
- Solvac SA: First interim gross dividend 2018 at € 3.00
- Solvac announces that all the documents relative to the Ordinary General Shareholders' Meeting of May 8, 2018 are available
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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