SIDETRADE - Daily - Technical analysis published on 04/16/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 148.9 EUR
My targets
167.0 EUR (+3.09%)
173.5 EUR (+7.10%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SIDETRADE as long as the price remains well above 148.9 EUR. The buyers' bullish objective is set at 167.0 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 173.5 EUR. If there is any crossing, the next objective would be the resistance located at 187.0 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.7
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SIDETRADE rating 162.0 EUR. On the day, this instrument gained +0.94% and was between 159.0 EUR and 162.5 EUR. This implies that the price is at +1.89% from its lowest and at -0.31% from its highest.159.0
162.5
162.0
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of SIDETRADE in Daily shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 132.0 | 143.9 | 148.9 | 162.0 | 163.0 | 167.0 | 173.5 |
| Change (%) | -18.52% | -11.17% | -8.09% | - | +0.62% | +3.09% | +7.10% |
| Change | -30.0 | -18.1 | -13.1 | - | +1.0 | +5.0 | +11.5 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.2 | 157.8 | 159.2 | 159.8 | 161.2 | 161.8 | 163.2 |
| Camarilla | 160.0 | 160.1 | 160.3 | 160.5 | 160.7 | 160.9 | 161.1 |
| Woodie | 157.5 | 158.0 | 159.5 | 160.0 | 161.5 | 162.0 | 163.5 |
| Fibonacci | 157.8 | 158.6 | 159.1 | 159.8 | 160.6 | 161.1 | 161.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 153.2 | 154.8 | 157.2 | 158.8 | 161.2 | 162.8 | 165.2 |
| Camarilla | 158.4 | 158.8 | 159.1 | 159.5 | 159.9 | 160.2 | 160.6 |
| Woodie | 153.5 | 155.0 | 157.5 | 159.0 | 161.5 | 163.0 | 165.5 |
| Fibonacci | 154.8 | 156.4 | 157.3 | 158.8 | 160.4 | 161.3 | 162.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.3 | 146.7 | 153.3 | 157.7 | 164.3 | 168.7 | 175.3 |
| Camarilla | 157.0 | 158.0 | 159.0 | 160.0 | 161.0 | 162.0 | 163.0 |
| Woodie | 143.5 | 147.3 | 154.5 | 158.3 | 165.5 | 169.3 | 176.5 |
| Fibonacci | 146.7 | 150.9 | 153.5 | 157.7 | 161.9 | 164.5 | 168.7 |
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): | 58.20 | |
| MACD (12,26,9): | 0.8000 | |
| Directional Movement: | -10.2 | |
| AROON (14): | 100.0 | |
| DEMA (21): | 159.6 | |
| Parabolic SAR (0,02-0,02-0,2): | 154.0 | |
| Elder Ray (13): | 1.5 | |
| Super Trend (3,10): | 165.2 | |
| Zig ZAG (10): | 162.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 82.60 | |
| TEMA (21): | 160.8 | |
| Williams %R (14): | -8.30 | |
| Chande Momentum Oscillator (20): | 2.0 | |
| Repulse (5,40,3): | 2.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.80 |
| MA7: | 159.8 | |
| MA20: | 158.4 | |
| MA50: | 158.4 | |
| MA100: | 157.0 | |
| MAexp7: | 160.1 | |
| MAexp20: | 158.8 | |
| MAexp50: | 158.2 | |
| MAexp100: | 156.1 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | +2.27% | |
| Price / MA50: | +2.27% | |
| Price / MA100: | +3.18% | |
| Price / MAexp7: | +1.19% | |
| Price / MAexp20: | +2.02% | |
| Price / MAexp50: | +2.40% | |
| Price / MAexp100: | +3.78% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on SIDETRADE at the time of the generation of this analysis was as follows:
- Sidetrade to acquire a majority stake of SHS Viveon AG, a leading German Order-to-Cash software company
- Sidetarde: 20% increase in revenue for Q1 2024, with SaaS subscriptions up 20%
- Sidetrade and its distinguished CSR commitment
- Sidetrade: Robust annual revenue growth
- Sidetrade financial calendar 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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