ADOCIA - Daily - Technical analysis published on 04/28/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 3.148 EUR
My targets
2.768 EUR (-6.17%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.148 EUR remains possible. It is advisable to trade ADOCIA with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.148 EUR. The next bearish objective for sellers is set at 2.768 EUR. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 3.148 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish 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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Additional analysis
Quotes
The ADOCIA rating is 2.950 EUR. The price has increased by +4.61% since the last closing and was traded between 2.825 EUR and 2.950 EUR over the period. The price is currently at +4.42% from its lowest and 0% from its highest.2.825
2.950
2.950
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ADOCIA chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.768 | 2.950 | 3.148 | 3.880 | 4.552 |
| Change (%) | -6.17% | - | +6.71% | +31.53% | +54.31% |
| Change | -0.182 | - | +0.198 | +0.930 | +1.602 |
| Level | Intermediate | - | Intermediate | Minor | Major |
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 | 2.697 | 2.733 | 2.777 | 2.813 | 2.857 | 2.893 | 2.937 |
| Camarilla | 2.798 | 2.805 | 2.813 | 2.820 | 2.827 | 2.835 | 2.842 |
| Woodie | 2.700 | 2.735 | 2.780 | 2.815 | 2.860 | 2.895 | 2.940 |
| Fibonacci | 2.733 | 2.764 | 2.783 | 2.813 | 2.844 | 2.863 | 2.893 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.458 | 2.607 | 2.703 | 2.852 | 2.948 | 3.097 | 3.193 |
| Camarilla | 2.733 | 2.755 | 2.778 | 2.800 | 2.823 | 2.845 | 2.867 |
| Woodie | 2.433 | 2.594 | 2.678 | 2.839 | 2.923 | 3.084 | 3.168 |
| Fibonacci | 2.607 | 2.700 | 2.758 | 2.852 | 2.945 | 3.003 | 3.097 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.742 | 2.243 | 2.597 | 3.098 | 3.452 | 3.953 | 4.307 |
| Camarilla | 2.715 | 2.793 | 2.872 | 2.950 | 3.028 | 3.107 | 3.185 |
| Woodie | 1.668 | 2.206 | 2.523 | 3.061 | 3.378 | 3.916 | 4.233 |
| Fibonacci | 2.243 | 2.570 | 2.772 | 3.098 | 3.425 | 3.627 | 3.953 |
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): | 49.10 | |
| MACD (12,26,9): | -0.0670 | |
| Directional Movement: | -14.026 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 2.829 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.745 | |
| Elder Ray (13): | -0.008 | |
| Super Trend (3,10): | 3.161 | |
| Zig ZAG (10): | 2.950 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 31.28 | |
| TEMA (21): | 2.854 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | -0.095 | |
| Repulse (5,40,3): | 2.3170 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3590 | |
| Courbe Coppock: | 4.62 |
| MA7: | 2.854 | |
| MA20: | 2.919 | |
| MA50: | 3.109 | |
| MA100: | 3.352 | |
| MAexp7: | 2.876 | |
| MAexp20: | 2.927 | |
| MAexp50: | 3.091 | |
| MAexp100: | 3.312 | |
| Price / MA7: | +3.36% | |
| Price / MA20: | +1.06% | |
| Price / MA50: | -5.11% | |
| Price / MA100: | -11.99% | |
| Price / MAexp7: | +2.57% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | -4.56% | |
| Price / MAexp100: | -10.93% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on ADOCIA. At the time of publication of this analysis, the latest news was as follows:
- ADOCIA Announces the Release of its Universal Registration Document for the Year 2022
- ADOCIA Reports Financial Results of First Quarter 2023 and Provides an Update on its Activities
- ADOCIA Announces Its Annual Shareholders’ Meeting to Be Held on May 11, 2023 in Paris
- Number of Shares and Voting Rights of ADOCIA as of March 31st, 2023
- Number of Shares and Voting Rights of ADOCIA as of February 28th, 2023
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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