AUDAX RENOV - Daily - Technical analysis published on 01/16/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 2.300 EUR
My targets
2.550 EUR (+6.25%)
2.780 EUR (+15.83%)
My analysis
The bullish trend is currently very strong on AUDAX RENOV. As long as the price remains above the support at 2.300 EUR, you could try to benefit from the boom. The first bullish objective is located at 2.550 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.780 EUR as an objective. Crossing it would then enable buyers to target 3.200 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.7
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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
The AUDAX RENOV rating is 2.400 EUR. The price is lower by -2.91% since the last closing and was traded between 2.276 EUR and 2.528 EUR over the period. The price is currently at +5.45% from its lowest and -5.06% from its highest.2.276
2.528
2.400
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of AUDAX RENOV in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate 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
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.985 | 2.190 | 2.300 | 2.400 | 2.550 | 2.780 | 3.200 |
| Change (%) | -17.29% | -8.75% | -4.17% | - | +6.25% | +15.83% | +33.33% |
| Change | -0.415 | -0.210 | -0.100 | - | +0.150 | +0.380 | +0.800 |
| Level | Major | Major | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.257 | 2.341 | 2.407 | 2.491 | 2.557 | 2.641 | 2.707 |
| Camarilla | 2.431 | 2.445 | 2.458 | 2.472 | 2.486 | 2.500 | 2.513 |
| Woodie | 2.247 | 2.337 | 2.397 | 2.487 | 2.547 | 2.637 | 2.697 |
| Fibonacci | 2.341 | 2.399 | 2.434 | 2.491 | 2.549 | 2.584 | 2.641 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.740 | 1.912 | 2.176 | 2.348 | 2.612 | 2.784 | 3.048 |
| Camarilla | 2.320 | 2.360 | 2.400 | 2.440 | 2.480 | 2.520 | 2.560 |
| Woodie | 1.786 | 1.935 | 2.222 | 2.371 | 2.658 | 2.807 | 3.094 |
| Fibonacci | 1.912 | 2.079 | 2.181 | 2.348 | 2.515 | 2.617 | 2.784 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.593 | 1.727 | 1.933 | 2.067 | 2.273 | 2.407 | 2.613 |
| Camarilla | 2.047 | 2.078 | 2.109 | 2.140 | 2.171 | 2.202 | 2.234 |
| Woodie | 1.630 | 1.745 | 1.970 | 2.085 | 2.310 | 2.425 | 2.650 |
| Fibonacci | 1.727 | 1.857 | 1.937 | 2.067 | 2.197 | 2.277 | 2.407 |
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): | 60.15 | |
| MACD (12,26,9): | 0.1350 | |
| Directional Movement: | 11.681 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 2.439 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.620 | |
| Elder Ray (13): | 0.055 | |
| Super Trend (3,10): | 2.203 | |
| Zig ZAG (10): | 2.400 | |
| VORTEX (21): | 1.1250 | |
| Stochastique (14,3,5): | 77.54 | |
| TEMA (21): | 2.512 | |
| Williams %R (14): | -34.69 | |
| Chande Momentum Oscillator (20): | 0.350 | |
| Repulse (5,40,3): | -4.2420 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7730 | |
| Courbe Coppock: | 45.42 |
| MA7: | 2.450 | |
| MA20: | 2.214 | |
| MA50: | 2.083 | |
| MA100: | 1.825 | |
| MAexp7: | 2.426 | |
| MAexp20: | 2.273 | |
| MAexp50: | 2.090 | |
| MAexp100: | 1.973 | |
| Price / MA7: | -2.04% | |
| Price / MA20: | +8.40% | |
| Price / MA50: | +15.22% | |
| Price / MA100: | +31.51% | |
| Price / MAexp7: | -1.07% | |
| Price / MAexp20: | +5.59% | |
| Price / MAexp50: | +14.83% | |
| Price / MAexp100: | +21.64% |
News
The last news published on AUDAX RENOV at the time of the generation of this analysis was as follows:
Fersa Energias RenovablesThis member declared not having a position on this financial instrument or a related financial instrument.
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