FAES - 1H - Technical analysis published on 01/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 3.067 EUR
My targets
2.989 EUR (-1.03%)
2.851 EUR (-5.60%)
My analysis
FAES is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.067 EUR. The next support located at 2.989 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.851 EUR. Below this support, sellers could then target 2.690 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.9
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Additional analysis
Quotes
The FAES rating is 3.020 EUR. On the day, this instrument lost -0.17% and was traded between 3.020 EUR and 3.075 EUR over the period. The price is currently at 0% from its lowest and -1.79% from its highest.3.020
3.075
3.020
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FAES in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.690 | 2.851 | 2.989 | 3.020 | 3.067 | 3.080 | 3.121 |
| Change (%) | -10.93% | -5.60% | -1.03% | - | +1.56% | +1.99% | +3.34% |
| Change | -0.330 | -0.169 | -0.031 | - | +0.047 | +0.060 | +0.101 |
| Level | Minor | Major | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.945 | 2.985 | 3.005 | 3.045 | 3.065 | 3.105 | 3.125 |
| Camarilla | 3.009 | 3.014 | 3.020 | 3.025 | 3.031 | 3.036 | 3.042 |
| Woodie | 2.935 | 2.980 | 2.995 | 3.040 | 3.055 | 3.100 | 3.115 |
| Fibonacci | 2.985 | 3.008 | 3.022 | 3.045 | 3.068 | 3.082 | 3.105 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.010 | 3.040 | 3.065 | 3.095 | 3.120 | 3.150 | 3.175 |
| Camarilla | 3.075 | 3.080 | 3.085 | 3.090 | 3.095 | 3.100 | 3.105 |
| Woodie | 3.008 | 3.039 | 3.063 | 3.094 | 3.118 | 3.149 | 3.173 |
| Fibonacci | 3.040 | 3.061 | 3.074 | 3.095 | 3.116 | 3.129 | 3.150 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.934 | 3.003 | 3.062 | 3.131 | 3.190 | 3.259 | 3.318 |
| Camarilla | 3.086 | 3.098 | 3.109 | 3.121 | 3.133 | 3.145 | 3.156 |
| Woodie | 2.929 | 3.001 | 3.057 | 3.129 | 3.185 | 3.257 | 3.313 |
| Fibonacci | 3.003 | 3.052 | 3.082 | 3.131 | 3.180 | 3.210 | 3.259 |
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): | 35.14 | |
| MACD (12,26,9): | -0.0170 | |
| Directional Movement: | -9.194 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 3.037 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.075 | |
| Elder Ray (13): | -0.024 | |
| Super Trend (3,10): | 3.079 | |
| Zig ZAG (10): | 3.020 | |
| VORTEX (21): | 0.7760 | |
| Stochastique (14,3,5): | 19.61 | |
| TEMA (21): | 3.029 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.050 | |
| Repulse (5,40,3): | -0.6180 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0690 | |
| Courbe Coppock: | 3.00 |
| MA7: | 3.081 | |
| MA20: | 3.131 | |
| MA50: | 3.129 | |
| MA100: | 3.081 | |
| MAexp7: | 3.040 | |
| MAexp20: | 3.058 | |
| MAexp50: | 3.081 | |
| MAexp100: | 3.101 | |
| Price / MA7: | -1.98% | |
| Price / MA20: | -3.55% | |
| Price / MA50: | -3.48% | |
| Price / MA100: | -1.98% | |
| Price / MAexp7: | -0.66% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -1.98% | |
| Price / MAexp100: | -2.61% |
Quotes :
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15 min delayed data
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Spain Stocks
News
The latest news and videos published on FAES at the time of the analysis were as follows:
Tech Talk: interview with Christian Faes, LendInvestThis 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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