ASCENCIO - 1H - Technical analysis published on 12/04/2023 (GMT)
- 163
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 47.94 EUR
My targets
48.88 EUR (+0.78%)
49.80 EUR (+2.68%)
My analysis
ASCENCIO is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 47.94 EUR. The next resistance located at 48.88 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 49.80 EUR. After this resistance, buyers could then target 50.70 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ASCENCIO price is 48.50 EUR. On the day, this instrument gained +5.55% and was between 46.70 EUR and 48.50 EUR. This implies that the price is at +3.85% from its lowest and at 0% from its highest.46.70
48.50
48.50
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of ASCENCIO indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 44.97 | 46.46 | 47.94 | 48.50 | 48.88 | 49.80 | 50.70 |
| Change (%) | -7.28% | -4.21% | -1.15% | - | +0.78% | +2.68% | +4.54% |
| Change | -3.53 | -2.04 | -0.56 | - | +0.38 | +1.30 | +2.20 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.50 | 46.10 | 47.30 | 47.90 | 49.10 | 49.70 | 50.90 |
| Camarilla | 48.01 | 48.17 | 48.34 | 48.50 | 48.67 | 48.83 | 49.00 |
| Woodie | 45.80 | 46.25 | 47.60 | 48.05 | 49.40 | 49.85 | 51.20 |
| Fibonacci | 46.10 | 46.79 | 47.21 | 47.90 | 48.59 | 49.01 | 49.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.12 | 44.03 | 45.02 | 45.93 | 46.92 | 47.83 | 48.82 |
| Camarilla | 45.48 | 45.65 | 45.83 | 46.00 | 46.17 | 46.35 | 46.52 |
| Woodie | 43.15 | 44.05 | 45.05 | 45.95 | 46.95 | 47.85 | 48.85 |
| Fibonacci | 44.03 | 44.76 | 45.21 | 45.93 | 46.66 | 47.11 | 47.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.30 | 39.15 | 42.55 | 45.40 | 48.80 | 51.65 | 55.05 |
| Camarilla | 44.23 | 44.80 | 45.38 | 45.95 | 46.52 | 47.10 | 47.67 |
| Woodie | 36.58 | 39.29 | 42.83 | 45.54 | 49.08 | 51.79 | 55.33 |
| Fibonacci | 39.15 | 41.54 | 43.01 | 45.40 | 47.79 | 49.26 | 51.65 |
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): | 63.10 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 15.99 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 47.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.07 | |
| Elder Ray (13): | 0.73 | |
| Super Trend (3,10): | 46.98 | |
| Zig ZAG (10): | 48.50 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 88.93 | |
| TEMA (21): | 47.73 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1.10 | |
| Repulse (5,40,3): | 2.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.26 |
| MA7: | 46.91 | |
| MA20: | 45.86 | |
| MA50: | 42.98 | |
| MA100: | 43.76 | |
| MAexp7: | 47.73 | |
| MAexp20: | 47.40 | |
| MAexp50: | 47.02 | |
| MAexp100: | 46.43 | |
| Price / MA7: | +3.39% | |
| Price / MA20: | +5.76% | |
| Price / MA50: | +12.84% | |
| Price / MA100: | +10.83% | |
| Price / MAexp7: | +1.61% | |
| Price / MAexp20: | +2.32% | |
| Price / MAexp50: | +3.15% | |
| Price / MAexp100: | +4.46% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on ASCENCIO at the time of the generation of this analysis was as follows:
- Press Release : Annual Results 2022/2023
- Disclosure of transparency - Notification
- Press Release - Half-Yearly Financial Report
- Extraordinary General Meeting of 16 Juny 2023
- Interim statement at 31/12/2022 - First quarter of financial year 2022-2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ASCENCIO - 1H