VIRIDIEN - Daily - Technical analysis published on 12/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 0.6515 EUR
My targets
0.5730 EUR (-4.24%)
My analysis
CGG is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.6515 EUR. The next support located at 0.5730 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CGG rating 0.5984 EUR. The price has increased by +3.32% since the last closing and was between 0.5860 EUR and 0.6072 EUR. This implies that the price is at +2.12% from its lowest and at -1.45% from its highest.0.5860
0.6072
0.5984
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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
Technical
Technical analysis of CGG in Daily shows a overall strongly 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.5730 | 0.5984 | 0.7049 | 0.8327 | 0.9130 |
| Change (%) | -4.24% | - | +17.80% | +39.15% | +52.57% |
| Change | -0.0254 | - | +0.1065 | +0.2343 | +0.3146 |
| Level | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5387 | 0.5487 | 0.5639 | 0.5739 | 0.5891 | 0.5991 | 0.6143 |
| Camarilla | 0.5723 | 0.5746 | 0.5769 | 0.5792 | 0.5815 | 0.5838 | 0.5861 |
| Woodie | 0.5414 | 0.5500 | 0.5666 | 0.5752 | 0.5918 | 0.6004 | 0.6170 |
| Fibonacci | 0.5487 | 0.5583 | 0.5642 | 0.5739 | 0.5835 | 0.5894 | 0.5991 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5513 | 0.5715 | 0.5847 | 0.6049 | 0.6181 | 0.6383 | 0.6515 |
| Camarilla | 0.5888 | 0.5919 | 0.5949 | 0.5980 | 0.6011 | 0.6041 | 0.6072 |
| Woodie | 0.5479 | 0.5698 | 0.5813 | 0.6032 | 0.6147 | 0.6366 | 0.6481 |
| Fibonacci | 0.5715 | 0.5842 | 0.5921 | 0.6049 | 0.6176 | 0.6255 | 0.6383 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.2893 | 0.4723 | 0.5659 | 0.7489 | 0.8425 | 1.0255 | 1.1191 |
| Camarilla | 0.5835 | 0.6089 | 0.6343 | 0.6596 | 0.6850 | 0.7103 | 0.7357 |
| Woodie | 0.2447 | 0.4500 | 0.5213 | 0.7266 | 0.7979 | 1.0032 | 1.0745 |
| Fibonacci | 0.4723 | 0.5779 | 0.6432 | 0.7489 | 0.8545 | 0.9198 | 1.0255 |
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): | 35.02 | |
| MACD (12,26,9): | -0.0347 | |
| Directional Movement: | -11.1794 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 0.5821 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6151 | |
| Elder Ray (13): | -0.0149 | |
| Super Trend (3,10): | 0.6443 | |
| Zig ZAG (10): | 0.5978 | |
| VORTEX (21): | 0.7736 | |
| Stochastique (14,3,5): | 15.97 | |
| TEMA (21): | 0.5780 | |
| Williams %R (14): | -68.59 | |
| Chande Momentum Oscillator (20): | -0.0688 | |
| Repulse (5,40,3): | -0.4827 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7429 | |
| Courbe Coppock: | 20.63 |
| MA7: | 0.5981 | |
| MA20: | 0.6299 | |
| MA50: | 0.7115 | |
| MA100: | 0.7867 | |
| MAexp7: | 0.5973 | |
| MAexp20: | 0.6291 | |
| MAexp50: | 0.6918 | |
| MAexp100: | 0.7521 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | -5.00% | |
| Price / MA50: | -15.90% | |
| Price / MA100: | -23.94% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | -4.88% | |
| Price / MAexp50: | -13.50% | |
| Price / MAexp100: | -20.44% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on CGG at the time of the analysis were as follows:
- CGG Announces the Sale of its US Land Seismic Multi-Client Library
- CGG Wins Multi-Year Extension of Dedicated Imaging Center for Brunei Shell Petroleum
- CGG: Information on the total number of voting rights and shares
- CGG Announces its Q3 Financial Results on Wednesday November 2nd 2022 after Markets Close
- CGG: Information on the total number of voting rights and shares
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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