VIRIDIEN - Daily - Technical analysis published on 03/17/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
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:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 0.7960 EUR
My targets
0.6948 EUR (-4.51%)
0.6111 EUR (-16.01%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CGG as long as the price remains well below 0.7960 EUR. The sellers' bearish objective is set at 0.6948 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.6111 EUR. In case of crossing, the next objective would be the support located at 0.5739 EUR.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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 CGG price is 0.7276 EUR. The price registered an increase of +4.63% on the session and was traded between 0.7122 EUR and 0.7304 EUR over the period. The price is currently at +2.16% from its lowest and -0.38% from its highest.0.7122
0.7304
0.7276
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CGG in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.5739 | 0.6948 | 0.7276 | 0.7368 | 0.7960 | 0.9152 |
| Change (%) | -21.12% | -4.51% | - | +1.26% | +9.40% | +25.78% |
| Change | -0.1537 | -0.0328 | - | +0.0092 | +0.0684 | +0.1876 |
| Level | Major | Minor | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6025 | 0.6389 | 0.6671 | 0.7035 | 0.7317 | 0.7681 | 0.7963 |
| Camarilla | 0.6776 | 0.6836 | 0.6895 | 0.6954 | 0.7013 | 0.7072 | 0.7132 |
| Woodie | 0.5985 | 0.6369 | 0.6631 | 0.7015 | 0.7277 | 0.7661 | 0.7923 |
| Fibonacci | 0.6389 | 0.6635 | 0.6788 | 0.7035 | 0.7281 | 0.7434 | 0.7681 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7617 | 0.8149 | 0.8513 | 0.9045 | 0.9409 | 0.9941 | 1.0305 |
| Camarilla | 0.8632 | 0.8714 | 0.8796 | 0.8878 | 0.8960 | 0.9042 | 0.9124 |
| Woodie | 0.7534 | 0.8107 | 0.8430 | 0.9003 | 0.9326 | 0.9899 | 1.0222 |
| Fibonacci | 0.8149 | 0.8491 | 0.8702 | 0.9045 | 0.9387 | 0.9598 | 0.9941 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6111 | 0.6789 | 0.7505 | 0.8183 | 0.8899 | 0.9577 | 1.0293 |
| Camarilla | 0.7839 | 0.7966 | 0.8094 | 0.8222 | 0.8350 | 0.8478 | 0.8605 |
| Woodie | 0.6131 | 0.6799 | 0.7525 | 0.8193 | 0.8919 | 0.9587 | 1.0313 |
| Fibonacci | 0.6789 | 0.7321 | 0.7650 | 0.8183 | 0.8715 | 0.9044 | 0.9577 |
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): | 37.25 | |
| MACD (12,26,9): | -0.0118 | |
| Directional Movement: | -19.3084 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 0.8148 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9177 | |
| Elder Ray (13): | -0.0881 | |
| Super Trend (3,10): | 0.8606 | |
| Zig ZAG (10): | 0.7280 | |
| VORTEX (21): | 0.8016 | |
| Stochastique (14,3,5): | 8.83 | |
| TEMA (21): | 0.7798 | |
| Williams %R (14): | -81.05 | |
| Chande Momentum Oscillator (20): | -0.1010 | |
| Repulse (5,40,3): | -11.4385 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2569 | |
| Courbe Coppock: | 7.22 |
| MA7: | 0.7972 | |
| MA20: | 0.8348 | |
| MA50: | 0.8007 | |
| MA100: | 0.7356 | |
| MAexp7: | 0.7779 | |
| MAexp20: | 0.8174 | |
| MAexp50: | 0.7968 | |
| MAexp100: | 0.7828 | |
| Price / MA7: | -8.73% | |
| Price / MA20: | -12.84% | |
| Price / MA50: | -9.13% | |
| Price / MA100: | -1.09% | |
| Price / MAexp7: | -6.47% | |
| Price / MAexp20: | -10.99% | |
| Price / MAexp50: | -8.68% | |
| Price / MAexp100: | -7.05% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on CGG. At the time of publication of this analysis, the latest news was as follows:
- CGG: Information on the total number of voting rights and shares
- Appointment of Jérôme Serve as Group Chief Financial Officer (CFO)
- CGG Announces its Q4 Financial Results on Thursday March 2nd, 2023 after Markets Close
- CGG and 2CRSi Join Forces to Launch State-of-the-Art HPC-as-a-Service Offering
- CGG and TGS Announce Foz do Amazonas Phase II 3D Multi-Client Survey Offshore Brazil
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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