Londinia Opportunities Analyses - 04/25/2024 (GMT) GVS - 1H

GVS
- EUR (-)
- 15 min delayed data - Italy Stocks
Type: Stocks
Ticker: GVS
ISIN: IT0005411209

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
6%
89%
6%
My opinion
Bearish under 5.490 EUR
My targets
5.250 EUR (-2.42%)
4.980 EUR (-7.43%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GVS as long as the price remains well below 5.490 EUR. The sellers' bearish objective is set at 5.250 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.980 EUR. In case of crossing, the next objective would be the support located at 4.020 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The GVS price is 5.380 EUR. On the day, this instrument lost -2.18% with the lowest point at 5.380 EUR and the highest point at 5.490 EUR. The deviation from the price is 0% for the low point and -2.00% for the high point.

5.380
5.490
5.380

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on GVS were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in 1H of this GVS chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.020 4.980 5.250 5.380 5.490 5.670 5.900
Change (%) -25.28% -7.43% -2.42% - +2.04% +5.39% +9.67%
Change -1.360 -0.400 -0.130 - +0.110 +0.290 +0.520
Level Major Minor Intermediate - Intermediate Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.3405.4205.4605.5405.5805.6605.700
Camarilla5.4675.4785.4895.5005.5115.5225.533
Woodie5.3205.4105.4405.5305.5605.6505.680
Fibonacci5.4205.4665.4945.5405.5865.6145.660


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.9635.2275.4535.7175.9436.2076.433
Camarilla5.5455.5905.6355.6805.7255.7705.815
Woodie4.9455.2185.4355.7085.9256.1986.415
Fibonacci5.2275.4145.5305.7175.9046.0206.207


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.9204.7105.3806.1706.8407.6308.300
Camarilla5.6495.7825.9166.0506.1846.3186.452
Woodie3.8604.6805.3206.1406.7807.6008.240
Fibonacci4.7105.2685.6126.1706.7287.0727.630

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): 33.63
MACD (12,26,9): -0.0370
Directional Movement: -29.272
AROON (14): -50.000
DEMA (21): 5.475
Parabolic SAR (0,02-0,02-0,2): 5.606
Elder Ray (13): -0.079
Super Trend (3,10): 5.589
Zig ZAG (10): 5.390
VORTEX (21): 0.8760
Stochastique (14,3,5): 24.64
TEMA (21): 5.463
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.150
Repulse (5,40,3): -1.2940
ROCnROLL: 2
TRIX (15,9): -0.0570
Courbe Coppock: 1.54
MA7: 5.540
MA20: 5.840
MA50: 6.219
MA100: 5.875
MAexp7: 5.472
MAexp20: 5.518
MAexp50: 5.588
MAexp100: 5.727
Price / MA7: -2.89%
Price / MA20: -7.88%
Price / MA50: -13.49%
Price / MA100: -8.43%
Price / MAexp7: -1.68%
Price / MAexp20: -2.50%
Price / MAexp50: -3.72%
Price / MAexp100: -6.06%

Quotes : - 15 min delayed data - Actions Italie