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FAGRON
FAGRON
- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: FAGR
ISIN: BE0003874915

FAGRON - 1H - Technical analysis published on 04/11/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 17.76 EUR
My targets
18.32 EUR (+2.35%)
19.47 EUR (+8.77%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FAGRON as long as the price remains well above 17.76 EUR. The buyers' bullish objective is set at 18.32 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.47 EUR. If there is any crossing, the next objective would be the resistance located at 20.34 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
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.

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Daily Weekly

Additional analysis

Quotes

The FAGRON rating is 17.90 EUR. The price registered an increase of +5.05% on the session and was traded between 17.82 EUR and 18.40 EUR over the period. The price is currently at +0.45% from its lowest and -2.72% from its highest.

17.82
18.40
17.90

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

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

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this FAGRON chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 17.28 17.52 17.76 17.90 17.98 18.32 19.47
Change (%) -3.46% -2.12% -0.78% - +0.45% +2.35% +8.77%
Change -0.62 -0.38 -0.14 - +0.08 +0.42 +1.57
Level Intermediate Major Intermediate - Minor Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.8916.9316.9917.0317.0917.1317.19
Camarilla17.0117.0217.0317.0417.0517.0617.07
Woodie16.8916.9416.9917.0417.0917.1417.19
Fibonacci16.9316.9717.0017.0317.0717.1017.13


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.8216.3616.6817.2217.5418.0818.40
Camarilla16.7616.8416.9217.0017.0817.1617.24
Woodie15.7116.3116.5717.1717.4318.0318.29
Fibonacci16.3616.6916.8917.2217.5517.7518.08


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.5816.1516.9117.4818.2418.8119.57
Camarilla17.2917.4217.5417.6617.7817.9018.03
Woodie15.6716.2017.0017.5318.3318.8619.66
Fibonacci16.1516.6616.9817.4817.9918.3118.81

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): 73.28
MACD (12,26,9): 0.2500
Directional Movement: 37.97
AROON (14): 71.43
DEMA (21): 17.67
Parabolic SAR (0,02-0,02-0,2): 17.33
Elder Ray (13): 0.41
Super Trend (3,10): 17.61
Zig ZAG (10): 17.94
VORTEX (21): 1.0100
Stochastique (14,3,5): 70.15
TEMA (21): 17.90
Williams %R (14): -32.39
Chande Momentum Oscillator (20): 0.94
Repulse (5,40,3): -0.5400
ROCnROLL: 1
TRIX (15,9): 0.1100
Courbe Coppock: 9.47
MA7: 17.17
MA20: 17.18
MA50: 17.41
MA100: 17.22
MAexp7: 17.77
MAexp20: 17.40
MAexp50: 17.22
MAexp100: 17.21
Price / MA7: +4.25%
Price / MA20: +4.19%
Price / MA50: +2.81%
Price / MA100: +3.95%
Price / MAexp7: +0.73%
Price / MAexp20: +2.87%
Price / MAexp50: +3.95%
Price / MAexp100: +4.01%

Quotes : - 15 min delayed data - Euronext Bruxelles

News


The last news published on FAGRON at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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