BIOCARTIS
BIOCARTIS
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: BCART
ISIN: BE0974281132

BIOCARTIS - 1H - Technical analysis published on 10/17/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.065 EUR
My targets
1.186 EUR (+4.04%)
1.240 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 BIOCARTIS as long as the price remains well above 1.065 EUR. The buyers' bullish objective is set at 1.186 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.240 EUR. If there is any crossing, the next objective would be the resistance located at 2.095 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, 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
8.8

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.

This analysis was given by Londinia.

Additional analysis

Quotes

The BIOCARTIS rating is 1.140 EUR. The price has increased by +8.99% since the last closing and was traded between 1.060 EUR and 1.140 EUR over the period. The price is currently at +7.55% from its lowest and 0% from its highest.

1.060
1.140
1.140

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this BIOCARTIS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 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


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.926 1.001 1.138 1.140 1.186 2.095 2.430
Change (%) -18.77% -12.19% -0.18% - +4.04% +83.77% +113.16%
Change -0.214 -0.139 -0.002 - +0.046 +0.955 +1.290
Level Minor Intermediate Intermediate - Intermediate Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.0071.0331.0871.1131.1671.1931.247
Camarilla1.1181.1251.1331.1401.1471.1551.162
Woodie1.0201.0401.1001.1201.1801.2001.260
Fibonacci1.0331.0641.0831.1131.1441.1631.193


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.7150.7830.8900.9581.0651.1331.240
Camarilla0.9490.9650.9810.9971.0131.0291.045
Woodie0.7350.7930.9100.9681.0851.1431.260
Fibonacci0.7830.8500.8910.9581.0251.0661.133


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0190.4180.6441.0811.3071.7441.970
Camarilla0.6880.7490.8090.8700.9310.9921.052
Woodie-0.1250.3650.5391.0281.2021.6911.865
Fibonacci0.4180.6710.8281.0811.3341.4911.744

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): 72.41
MACD (12,26,9): 0.0300
Directional Movement: 34.203
AROON (14): 100.000
DEMA (21): 1.127
Parabolic SAR (0,02-0,02-0,2): 1.071
Elder Ray (13): 0.032
Super Trend (3,10): 1.094
Zig ZAG (10): 1.140
VORTEX (21): 1.2860
Stochastique (14,3,5): 95.16
TEMA (21): 1.143
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.084
Repulse (5,40,3): 0.2400
ROCnROLL: 1
TRIX (15,9): 0.3260
Courbe Coppock: 20.62
MA7: 1.036
MA20: 0.985
MA50: 1.296
MA100: 1.583
MAexp7: 1.125
MAexp20: 1.090
MAexp50: 1.050
MAexp100: 1.027
Price / MA7: +10.04%
Price / MA20: +15.74%
Price / MA50: -12.04%
Price / MA100: -27.98%
Price / MAexp7: +1.33%
Price / MAexp20: +4.59%
Price / MAexp50: +8.57%
Price / MAexp100: +11.00%

Quotes : - 15 min delayed data - Euronext Bruxelles

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

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