FAGRON

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	FAGR
ISIN:	BE0003874915

FAGRON - Daily - Technical analysis published on 10/03/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 15.42 EUR

My targets

14.88 EUR (-3.06%)

13.56 EUR (-11.66%)

My analysis

FAGRON 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 15.42 EUR. The next support located at 14.88 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 13.56 EUR. Below this support, sellers could then target 10.36 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.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

FORCE

6.6

Comment on the analysis

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

FAGRON rating 15.35 EUR. The price is lower by -1.10% since the last closing and was between 15.32 EUR and 15.52 EUR. This implies that the price is at +0.20% from its lowest and at -1.10% from its highest.

15.32

15.52

15.35

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FAGRON in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 2

Type : Neutral

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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 support of channel

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.36	13.56	14.88	15.35	15.42	15.90	16.84
Change (%)	-32.51%	-11.66%	-3.06%	-	+0.46%	+3.58%	+9.71%
Change	-4.99	-1.79	-0.47	-	+0.07	+0.55	+1.49
Level	Intermediate	Major	Major	-	Minor	Intermediate	Intermediate

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	14.29	14.82	15.17	15.70	16.05	16.58	16.93
Camarilla	15.28	15.36	15.44	15.52	15.60	15.68	15.76
Woodie	14.20	14.78	15.08	15.66	15.96	16.54	16.84
Fibonacci	14.82	15.16	15.36	15.70	16.04	16.24	16.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.51	15.01	15.54	16.04	16.57	17.07	17.60
Camarilla	15.78	15.87	15.97	16.06	16.15	16.25	16.34
Woodie	14.52	15.02	15.55	16.05	16.58	17.08	17.61
Fibonacci	15.01	15.41	15.65	16.04	16.44	16.68	17.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.60	15.06	15.66	16.12	16.72	17.18	17.78
Camarilla	15.97	16.07	16.16	16.26	16.36	16.45	16.55
Woodie	14.67	15.10	15.73	16.16	16.79	17.22	17.85
Fibonacci	15.06	15.47	15.72	16.12	16.53	16.78	17.18

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):	35.92
MACD (12,26,9):	-0.1100
Directional Movement:	-13.22
AROON (14):	-64.29
DEMA (21):	15.94
Parabolic SAR (0,02-0,02-0,2):	16.44
Elder Ray (13):	-0.55
Super Trend (3,10):	16.52
Zig ZAG (10):	15.32
VORTEX (21):	0.8600
Stochastique (14,3,5):	26.93
TEMA (21):	15.83
Williams %R (14):	-97.62
Chande Momentum Oscillator (20):	-0.90
Repulse (5,40,3):	-4.4200
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	4.16

MA7:	15.89
MA20:	16.13
MA50:	16.04
MA100:	16.49
MAexp7:	15.85
MAexp20:	16.04
MAexp50:	16.14
MAexp100:	16.25
Price / MA7:	-3.40%
Price / MA20:	-4.84%
Price / MA50:	-4.30%
Price / MA100:	-6.91%
Price / MAexp7:	-3.15%
Price / MAexp20:	-4.30%
Price / MAexp50:	-4.89%
Price / MAexp100:	-5.54%

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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