BIOCARTIS - 1H - Technical analysis published on 10/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
BIOCARTIS Chart
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.
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:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.007 | 1.033 | 1.087 | 1.113 | 1.167 | 1.193 | 1.247 |
| Camarilla | 1.118 | 1.125 | 1.133 | 1.140 | 1.147 | 1.155 | 1.162 |
| Woodie | 1.020 | 1.040 | 1.100 | 1.120 | 1.180 | 1.200 | 1.260 |
| Fibonacci | 1.033 | 1.064 | 1.083 | 1.113 | 1.144 | 1.163 | 1.193 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.715 | 0.783 | 0.890 | 0.958 | 1.065 | 1.133 | 1.240 |
| Camarilla | 0.949 | 0.965 | 0.981 | 0.997 | 1.013 | 1.029 | 1.045 |
| Woodie | 0.735 | 0.793 | 0.910 | 0.968 | 1.085 | 1.143 | 1.260 |
| Fibonacci | 0.783 | 0.850 | 0.891 | 0.958 | 1.025 | 1.066 | 1.133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.019 | 0.418 | 0.644 | 1.081 | 1.307 | 1.744 | 1.970 |
| Camarilla | 0.688 | 0.749 | 0.809 | 0.870 | 0.931 | 0.992 | 1.052 |
| Woodie | -0.125 | 0.365 | 0.539 | 1.028 | 1.202 | 1.691 | 1.865 |
| Fibonacci | 0.418 | 0.671 | 0.828 | 1.081 | 1.334 | 1.491 | 1.744 |
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
News
The latest news and videos published on BIOCARTIS at the time of the analysis were as follows:
- Press news Biocartis Group NV: Biocartis Initiates Commercialization in Europe of HepatoPredict (CE-IVD) Test for Liver Cancer Patients
- Press release Biocartis Group NV: Invitation to the Extraordinary Shareholders’ Meeting
- Press release Biocartis Group NV: Biocartis Announces Launch of Amendment Process and Exchange Offer for its Existing Convertible Bonds
- Press release Biocartis Group NV: Biocartis Initiates Commercialization in Europe of SkylineDx’s Innovative Merlin™ Assay (CE-IVD) for Melanoma Patients
- Press release Biocartis Group NV: Biocartis Obtains ISO 27001 Certification for Information Security Management
This 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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