NEXITY - Daily - Technical analysis published on 11/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 45.10 EUR
My targets
46.42 EUR (+1.04%)
47.20 EUR (+2.74%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NEXITY. As long as you are above the support located at 45.10 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 46.42 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 47.20 EUR as an objective. Crossing it would then enable buyers to target 48.10 EUR. If the support 45.10 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NEXITY rating 45.94 EUR. The price is lower by -0.48% since the last closing and was between 45.94 EUR and 46.56 EUR. This implies that the price is at 0% from its lowest and at -1.33% from its highest.45.94
46.56
45.94
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NEXITY in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
The probability of a further decline is low given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.41 | 43.83 | 45.10 | 45.94 | 46.42 | 47.20 | 48.10 |
| Change (%) | -7.68% | -4.59% | -1.83% | - | +1.04% | +2.74% | +4.70% |
| Change | -3.53 | -2.11 | -0.84 | - | +0.48 | +1.26 | +2.16 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | 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 | 45.57 | 45.79 | 45.97 | 46.19 | 46.37 | 46.59 | 46.77 |
| Camarilla | 46.05 | 46.09 | 46.12 | 46.16 | 46.20 | 46.23 | 46.27 |
| Woodie | 45.56 | 45.78 | 45.96 | 46.18 | 46.36 | 46.58 | 46.76 |
| Fibonacci | 45.79 | 45.94 | 46.03 | 46.19 | 46.34 | 46.43 | 46.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.32 | 44.48 | 45.44 | 46.60 | 47.56 | 48.72 | 49.68 |
| Camarilla | 45.82 | 46.01 | 46.21 | 46.40 | 46.59 | 46.79 | 46.98 |
| Woodie | 43.22 | 44.43 | 45.34 | 46.55 | 47.46 | 48.67 | 49.58 |
| Fibonacci | 44.48 | 45.29 | 45.79 | 46.60 | 47.41 | 47.91 | 48.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.04 | 38.34 | 42.36 | 44.66 | 48.68 | 50.98 | 55.00 |
| Camarilla | 44.64 | 45.22 | 45.80 | 46.38 | 46.96 | 47.54 | 48.12 |
| Woodie | 36.90 | 38.77 | 43.22 | 45.09 | 49.54 | 51.41 | 55.86 |
| Fibonacci | 38.34 | 40.75 | 42.25 | 44.66 | 47.07 | 48.57 | 50.98 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.34 | |
| MACD (12,26,9): | 0.3600 | |
| Directional Movement: | 4.99 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 46.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.60 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 45.18 | |
| Zig ZAG (10): | 45.98 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 24.84 | |
| TEMA (21): | 46.54 | |
| Williams %R (14): | -83.96 | |
| Chande Momentum Oscillator (20): | -0.84 | |
| Repulse (5,40,3): | -1.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 1.08 |
| MA7: | 46.39 | |
| MA20: | 46.57 | |
| MA50: | 44.73 | |
| MA100: | 43.42 | |
| MAexp7: | 46.30 | |
| MAexp20: | 46.21 | |
| MAexp50: | 45.12 | |
| MAexp100: | 43.70 | |
| Price / MA7: | -0.97% | |
| Price / MA20: | -1.35% | |
| Price / MA50: | +2.71% | |
| Price / MA100: | +5.80% | |
| Price / MAexp7: | -0.78% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | +1.82% | |
| Price / MAexp100: | +5.13% |
News
Don"t forget to follow the news on NEXITY. At the time of publication of this analysis, the latest news was as follows:
- Nexity: Press release
- Nexity : Combined shareholders' meeting 22 May 2019 - All the resolutions submitted have been adopted
- Nexity announces the sale of Guy Hoquet l'Immobilier to Arche, Holding of Citya group
- Nexity implements a share buyback programme
- Nexity : Q1 2019 business activity and revenue
This member declared not having a position on this financial instrument or a related financial instrument.
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