CARMAT - 1H - Technical analysis published on 12/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
17%
11%
My opinion
Bullish above 4.482 EUR
My targets
4.653 EUR (+0.07%)
5.000 EUR (+7.53%)
My analysis
CARMAT 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 4.482 EUR. The next resistance located at 4.653 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 5.000 EUR. After this resistance, buyers could then target 5.470 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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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 CARMAT price is 4.650 EUR. On the day, this instrument gained +21.73% and was between 4.610 EUR and 5.990 EUR. This implies that the price is at +0.87% from its lowest and at -22.37% from its highest.4.610
5.990
4.650
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CARMAT chart shows a strongly bullish trend. 82.14% 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. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.575 | 4.140 | 4.482 | 4.650 | 5.000 | 5.470 | 5.790 |
| Change (%) | -23.12% | -10.97% | -3.61% | - | +7.53% | +17.63% | +24.52% |
| Change | -1.075 | -0.510 | -0.168 | - | +0.350 | +0.820 | +1.140 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.362 | 3.513 | 3.667 | 3.818 | 3.972 | 4.123 | 4.277 |
| Camarilla | 3.736 | 3.764 | 3.792 | 3.820 | 3.848 | 3.876 | 3.904 |
| Woodie | 3.363 | 3.514 | 3.668 | 3.819 | 3.973 | 4.124 | 4.278 |
| Fibonacci | 3.513 | 3.630 | 3.702 | 3.818 | 3.935 | 4.007 | 4.123 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.733 | 3.117 | 3.373 | 3.757 | 4.013 | 4.397 | 4.653 |
| Camarilla | 3.454 | 3.513 | 3.571 | 3.630 | 3.689 | 3.747 | 3.806 |
| Woodie | 2.670 | 3.085 | 3.310 | 3.725 | 3.950 | 4.365 | 4.590 |
| Fibonacci | 3.117 | 3.361 | 3.512 | 3.757 | 4.001 | 4.152 | 4.397 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.543 | 2.022 | 2.833 | 4.312 | 5.123 | 6.602 | 7.413 |
| Camarilla | 3.015 | 3.225 | 3.435 | 3.645 | 3.855 | 4.065 | 4.275 |
| Woodie | 0.210 | 1.855 | 2.500 | 4.145 | 4.790 | 6.435 | 7.080 |
| Fibonacci | 2.022 | 2.896 | 3.437 | 4.312 | 5.186 | 5.727 | 6.602 |
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): | 69.93 | |
| MACD (12,26,9): | 0.1870 | |
| Directional Movement: | 52.049 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 4.155 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.667 | |
| Elder Ray (13): | 0.775 | |
| Super Trend (3,10): | 4.653 | |
| Zig ZAG (10): | 4.735 | |
| VORTEX (21): | 0.9050 | |
| Stochastique (14,3,5): | 54.70 | |
| TEMA (21): | 4.346 | |
| Williams %R (14): | -54.64 | |
| Chande Momentum Oscillator (20): | 1.020 | |
| Repulse (5,40,3): | -20.8190 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3050 | |
| Courbe Coppock: | 29.05 |
| MA7: | 3.799 | |
| MA20: | 4.194 | |
| MA50: | 4.085 | |
| MA100: | 5.587 | |
| MAexp7: | 4.261 | |
| MAexp20: | 3.972 | |
| MAexp50: | 3.848 | |
| MAexp100: | 3.909 | |
| Price / MA7: | +22.40% | |
| Price / MA20: | +10.87% | |
| Price / MA50: | +13.83% | |
| Price / MA100: | -16.77% | |
| Price / MAexp7: | +9.13% | |
| Price / MAexp20: | +17.07% | |
| Price / MAexp50: | +20.84% | |
| Price / MAexp100: | +18.96% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on CARMAT at the time of the analysis were as follows:
- CARMAT Announces the Approval of All Resolutions Supported by the Board of Directors at Its Annual General Meeting
- CARMAT: Availability of the 2022 Universal Registration Document
- CARMAT Obtains Non-dilutive Financing of €13.2 Million Within the Framework of the “France 2030” Plan
- CARMAT: The First U.S. Clinical Experience with Aeson® TAH Published in the Annals of Thoracic Surgery Short Reports
- CARMAT Announces Its 2022 Annual Results and Confirms Its 2023 Objectives
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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