CARMAT
CARMAT
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALCAR
ISIN: FR0010907956

CARMAT - 1H - Technical analysis published on 12/05/2023 (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
72%
17%
11%
My opinion
Bullish above 4.482 EUR
My targets
4.653 EUR (+0.07%)
5.000 EUR (+7.53%)
My analysis
CARMAT 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 4.482 EUR. The next resistance located at 4.653 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 5.000 EUR. After this resistance, buyers could then target 5.470 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
6.8

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. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CARMAT price is 4.650 EUR. On the day, this instrument gained +21.73% and was between 4.610 EUR and 5.990 EUR. This implies that the price is at +0.87% from its lowest and at -22.37% from its highest.

4.610
5.990
4.650

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this CARMAT chart shows a strongly bullish trend. 82.14% 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 market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

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 : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3.575 4.140 4.482 4.650 5.000 5.470 5.790
Change (%) -23.12% -10.97% -3.61% - +7.53% +17.63% +24.52%
Change -1.075 -0.510 -0.168 - +0.350 +0.820 +1.140
Level Intermediate Minor Intermediate - Intermediate Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.3623.5133.6673.8183.9724.1234.277
Camarilla3.7363.7643.7923.8203.8483.8763.904
Woodie3.3633.5143.6683.8193.9734.1244.278
Fibonacci3.5133.6303.7023.8183.9354.0074.123


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.7333.1173.3733.7574.0134.3974.653
Camarilla3.4543.5133.5713.6303.6893.7473.806
Woodie2.6703.0853.3103.7253.9504.3654.590
Fibonacci3.1173.3613.5123.7574.0014.1524.397


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.5432.0222.8334.3125.1236.6027.413
Camarilla3.0153.2253.4353.6453.8554.0654.275
Woodie0.2101.8552.5004.1454.7906.4357.080
Fibonacci2.0222.8963.4374.3125.1865.7276.602

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): 69.93
MACD (12,26,9): 0.1870
Directional Movement: 52.049
AROON (14): 85.714
DEMA (21): 4.155
Parabolic SAR (0,02-0,02-0,2): 3.667
Elder Ray (13): 0.775
Super Trend (3,10): 4.653
Zig ZAG (10): 4.735
VORTEX (21): 0.9050
Stochastique (14,3,5): 54.70
TEMA (21): 4.346
Williams %R (14): -54.64
Chande Momentum Oscillator (20): 1.020
Repulse (5,40,3): -20.8190
ROCnROLL: 1
TRIX (15,9): 0.3050
Courbe Coppock: 29.05
MA7: 3.799
MA20: 4.194
MA50: 4.085
MA100: 5.587
MAexp7: 4.261
MAexp20: 3.972
MAexp50: 3.848
MAexp100: 3.909
Price / MA7: +22.40%
Price / MA20: +10.87%
Price / MA50: +13.83%
Price / MA100: -16.77%
Price / MAexp7: +9.13%
Price / MAexp20: +17.07%
Price / MAexp50: +20.84%
Price / MAexp100: +18.96%

Quotes : - 15 min delayed data - Euronext Paris

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

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