BIOCARTIS

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BCART
ISIN:	BE0974281132

BIOCARTIS - 1H - Technical analysis published on 12/20/2022 (GMT)

Londinia

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

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BIOCARTIS Chart

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

61%

39%

My opinion

Bearish under 0.5753 EUR

My targets

0.5301 EUR (-2.20%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BIOCARTIS as long as the price remains well below 0.5753 EUR. The next bearish objective for sellers is set at 0.5301 EUR. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

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 Londinia.

Additional analysis

Quotes

BIOCARTIS rating 0.5420 EUR. On the day, this instrument gained +5.86% and was between 0.5270 EUR and 0.5500 EUR. This implies that the price is at +2.85% from its lowest and at -1.45% from its highest.

0.5270

0.5500

0.5420

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BIOCARTIS:

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

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of BIOCARTIS indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.5301	0.5420	0.6307	0.7530	0.8620
Change (%)	-2.20%	-	+16.37%	+38.93%	+59.04%
Change	-0.0119	-	+0.0887	+0.2110	+0.3200
Level	Intermediate	-	Major	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5063	0.5167	0.5293	0.5397	0.5523	0.5627	0.5753
Camarilla	0.5357	0.5378	0.5399	0.5420	0.5441	0.5462	0.5483
Woodie	0.5075	0.5173	0.5305	0.5403	0.5535	0.5633	0.5765
Fibonacci	0.5167	0.5255	0.5309	0.5397	0.5485	0.5539	0.5627

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5063	0.5167	0.5293	0.5397	0.5523	0.5627	0.5753
Camarilla	0.5357	0.5378	0.5399	0.5420	0.5441	0.5462	0.5483
Woodie	0.5075	0.5173	0.5305	0.5403	0.5535	0.5633	0.5765
Fibonacci	0.5167	0.5255	0.5309	0.5397	0.5485	0.5539	0.5627

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.1167	0.3107	0.5353	0.9627	1.1873	1.6147	1.8393
Camarilla	0.5807	0.6405	0.7002	0.7600	0.8198	0.8795	0.9393
Woodie	-0.2180	0.2600	0.4340	0.9120	1.0860	1.5640	1.7380
Fibonacci	0.3107	0.5597	0.7136	0.9627	1.2117	1.3656	1.6147

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):	46.26
MACD (12,26,9):	-0.0108
Directional Movement:	-3.2170
AROON (14):	14.2857
DEMA (21):	0.5274
Parabolic SAR (0,02-0,02-0,2):	0.5170
Elder Ray (13):	0.0001
Super Trend (3,10):	0.5094
Zig ZAG (10):	0.5420
VORTEX (21):	0.7162
Stochastique (14,3,5):	57.89
TEMA (21):	0.5284
Williams %R (14):	-21.05
Chande Momentum Oscillator (20):	0.0030
Repulse (5,40,3):	1.6138
ROCnROLL:	-1
TRIX (15,9):	-0.3473
Courbe Coppock:	4.27

MA7:	0.5799
MA20:	0.6732
MA50:	0.9697
MA100:	1.1587
MAexp7:	0.5355
MAexp20:	0.5431
MAexp50:	0.5671
MAexp100:	0.6172
Price / MA7:	-6.54%
Price / MA20:	-19.49%
Price / MA50:	-44.11%
Price / MA100:	-53.22%
Price / MAexp7:	+1.21%
Price / MAexp20:	-0.20%
Price / MAexp50:	-4.43%
Price / MAexp100:	-12.18%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The last news published on BIOCARTIS 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 AI

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