FLOW TRADERS - Daily - Technical analysis published on 02/04/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 22.35 EUR
My targets
20.51 EUR (-2.61%)
18.72 EUR (-11.11%)
My analysis
The bearish trend is currently very strong for FLOW TRADERS. As long as the price remains below the resistance at 22.35 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 20.51 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.72 EUR as an objective. Crossing it would then enable sellers to target 17.13 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FLOW TRADERS rating 21.06 EUR. The price is lower by +2.33% since the last closing and was between 20.54 EUR and 21.06 EUR. This implies that the price is at +2.53% from its lowest and at 0% from its highest.20.54
21.06
21.06
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 FLOW TRADERS:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FLOW TRADERS chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.13 | 18.72 | 20.51 | 21.06 | 21.27 | 23.60 | 25.25 |
| Change (%) | -18.66% | -11.11% | -2.61% | - | +1.00% | +12.06% | +19.90% |
| Change | -3.93 | -2.34 | -0.55 | - | +0.21 | +2.54 | +4.19 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 19.31 | 19.89 | 20.23 | 20.81 | 21.15 | 21.73 | 22.07 |
| Camarilla | 20.33 | 20.41 | 20.50 | 20.58 | 20.66 | 20.75 | 20.83 |
| Woodie | 19.20 | 19.83 | 20.12 | 20.75 | 21.04 | 21.67 | 21.96 |
| Fibonacci | 19.89 | 20.24 | 20.46 | 20.81 | 21.16 | 21.38 | 21.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.92 | 20.32 | 20.68 | 21.08 | 21.44 | 21.84 | 22.20 |
| Camarilla | 20.83 | 20.90 | 20.97 | 21.04 | 21.11 | 21.18 | 21.25 |
| Woodie | 19.90 | 20.31 | 20.66 | 21.07 | 21.42 | 21.83 | 22.18 |
| Fibonacci | 20.32 | 20.61 | 20.79 | 21.08 | 21.37 | 21.55 | 21.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.79 | 19.09 | 20.07 | 21.37 | 22.35 | 23.65 | 24.63 |
| Camarilla | 20.41 | 20.62 | 20.83 | 21.04 | 21.25 | 21.46 | 21.67 |
| Woodie | 17.62 | 19.01 | 19.90 | 21.29 | 22.18 | 23.57 | 24.46 |
| Fibonacci | 19.09 | 19.96 | 20.50 | 21.37 | 22.24 | 22.78 | 23.65 |
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): | 44.62 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -12.83 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 20.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.42 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 21.76 | |
| Zig ZAG (10): | 20.86 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 35.97 | |
| TEMA (21): | 20.82 | |
| Williams %R (14): | -57.41 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -1.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 6.28 |
| MA7: | 21.02 | |
| MA20: | 21.22 | |
| MA50: | 21.30 | |
| MA100: | 21.91 | |
| MAexp7: | 20.95 | |
| MAexp20: | 21.10 | |
| MAexp50: | 21.37 | |
| MAexp100: | 21.92 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | -1.13% | |
| Price / MA100: | -3.88% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -1.45% | |
| Price / MAexp100: | -3.92% |
News
The last news published on FLOW TRADERS at the time of the generation of this analysis was as follows:
- MANAGEMENT BOARD AND SUPERVISORY BOARD UPDATE
- FLOW TRADERS 3Q19 TRADING UPDATE
- FLOW TRADERS 2Q19 NTI € 53.9M, STRATEGY REITERATED TO MAXIMIZE NTI GROWTH THROUGH SCALE AND EFFICIENCY
- Flow Traders Annual General Meeting of Shareholders adopts all proposals
- Flow Traders releases 1Q19 trading update
This member declared not having a position on this financial instrument or a related financial instrument.
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