BIOCARTIS

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BCART
ISIN:	BE0974281132

BIOCARTIS - Daily - Technical analysis published on 01/18/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

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BIOCARTIS Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

78%

22%

My opinion

Bearish under 0.703 EUR

My targets

0.608 EUR (-9.16%)

0.512 EUR (-23.47%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.703 EUR remains possible. It is advisable to trade BIOCARTIS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.703 EUR. The next bearish objective for sellers is set at 0.608 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.512 EUR. PS: if there is a bullish break in the resistance located at 0.703 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

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 0.669 EUR. The price has increased by +8.08% since the last closing and was between 0.615 EUR and 0.670 EUR. This implies that the price is at +8.78% from its lowest and at -0.15% from its highest.

0.615

0.670

0.669

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of BIOCARTIS indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.512	0.669	0.862	1.397	2.094
Change (%)	-23.47%	-	+28.85%	+108.82%	+213.00%
Change	-0.157	-	+0.193	+0.728	+1.425
Level	Major	-	Minor	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.578	0.596	0.633	0.651	0.688	0.706	0.743
Camarilla	0.654	0.659	0.664	0.669	0.674	0.679	0.684
Woodie	0.587	0.601	0.642	0.656	0.697	0.711	0.752
Fibonacci	0.596	0.617	0.630	0.651	0.672	0.685	0.706

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.518	0.538	0.563	0.583	0.608	0.628	0.653
Camarilla	0.575	0.579	0.583	0.587	0.591	0.595	0.599
Woodie	0.520	0.539	0.565	0.584	0.610	0.629	0.655
Fibonacci	0.538	0.556	0.566	0.583	0.601	0.611	0.628

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.161	0.337	0.432	0.608	0.703	0.879	0.974
Camarilla	0.454	0.478	0.503	0.528	0.553	0.578	0.603
Woodie	0.122	0.317	0.393	0.588	0.664	0.859	0.935
Fibonacci	0.337	0.440	0.504	0.608	0.711	0.775	0.879

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.58
MACD (12,26,9):	-0.0200
Directional Movement:	15.335
AROON (14):	92.857
DEMA (21):	0.555
Parabolic SAR (0,02-0,02-0,2):	0.573
Elder Ray (13):	0.049
Super Trend (3,10):	0.552
Zig ZAG (10):	0.669
VORTEX (21):	1.1160
Stochastique (14,3,5):	87.31
TEMA (21):	0.612
Williams %R (14):	-0.69
Chande Momentum Oscillator (20):	0.141
Repulse (5,40,3):	11.7580
ROCnROLL:	-1
TRIX (15,9):	-0.9970
Courbe Coppock:	23.88

MA7:	0.599
MA20:	0.567
MA50:	0.728
MA100:	0.936
MAexp7:	0.609
MAexp20:	0.599
MAexp50:	0.719
MAexp100:	0.952
Price / MA7:	+11.69%
Price / MA20:	+17.99%
Price / MA50:	-8.10%
Price / MA100:	-28.53%
Price / MAexp7:	+9.85%
Price / MAexp20:	+11.69%
Price / MAexp50:	-6.95%
Price / MAexp100:	-29.73%

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:

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

About author

Londinia AI

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