CERINNOV GROUP - Daily - Technical analysis published on 08/22/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 1.598 EUR
My targets
1.418 EUR (-2.86%)
1.294 EUR (-11.37%)
My analysis
The basic trend is bearish on CERINNOV GROUP and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 1.598 EUR. Buyers would then use the next resistance located at 1.687 EUR as an objective. Crossing it would then enable buyers to target 1.858 EUR. If there is a return to below the support located at 1.418 EUR, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 1.294 EUR and 1.016 EUR by extension.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CERINNOV GROUP price is 1.460 EUR. The price registered a decrease of -2.67% on the session with the lowest point at 1.400 EUR and the highest point at 1.520 EUR. The deviation from the price is +4.29% for the low point and -3.95% for the high point.1.400
1.520
1.460
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CERINNOV GROUP in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Black line without upper shadow
Type : Bearish
Timeframe : Daily
Long black line
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.016 | 1.294 | 1.460 | 1.858 | 2.057 | 2.380 |
| Change (%) | -30.41% | -11.37% | - | +27.26% | +40.89% | +63.01% |
| Change | -0.444 | -0.166 | - | +0.398 | +0.597 | +0.920 |
| Level | Minor | Major | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.307 | 1.353 | 1.427 | 1.473 | 1.547 | 1.593 | 1.667 |
| Camarilla | 1.467 | 1.478 | 1.489 | 1.500 | 1.511 | 1.522 | 1.533 |
| Woodie | 1.320 | 1.360 | 1.440 | 1.480 | 1.560 | 1.600 | 1.680 |
| Fibonacci | 1.353 | 1.399 | 1.428 | 1.473 | 1.519 | 1.548 | 1.593 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.330 | 1.345 | 1.375 | 1.390 | 1.420 | 1.435 | 1.465 |
| Camarilla | 1.393 | 1.397 | 1.401 | 1.405 | 1.409 | 1.413 | 1.417 |
| Woodie | 1.338 | 1.349 | 1.383 | 1.394 | 1.428 | 1.439 | 1.473 |
| Fibonacci | 1.345 | 1.362 | 1.373 | 1.390 | 1.407 | 1.418 | 1.435 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.147 | 1.238 | 1.327 | 1.418 | 1.507 | 1.598 | 1.687 |
| Camarilla | 1.366 | 1.382 | 1.399 | 1.415 | 1.432 | 1.448 | 1.465 |
| Woodie | 1.145 | 1.238 | 1.325 | 1.418 | 1.505 | 1.598 | 1.685 |
| Fibonacci | 1.238 | 1.307 | 1.350 | 1.418 | 1.487 | 1.530 | 1.598 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.71 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 6.066 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 1.406 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.330 | |
| Elder Ray (13): | 0.042 | |
| Super Trend (3,10): | 1.344 | |
| Zig ZAG (10): | 1.460 | |
| VORTEX (21): | 1.0120 | |
| Stochastique (14,3,5): | 81.21 | |
| TEMA (21): | 1.443 | |
| Williams %R (14): | -27.27 | |
| Chande Momentum Oscillator (20): | 0.105 | |
| Repulse (5,40,3): | 3.7450 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1210 | |
| Courbe Coppock: | 4.21 |
| MA7: | 1.423 | |
| MA20: | 1.403 | |
| MA50: | 1.410 | |
| MA100: | 1.652 | |
| MAexp7: | 1.432 | |
| MAexp20: | 1.414 | |
| MAexp50: | 1.481 | |
| MAexp100: | 1.679 | |
| Price / MA7: | +2.60% | |
| Price / MA20: | +4.06% | |
| Price / MA50: | +3.55% | |
| Price / MA100: | -11.62% | |
| Price / MAexp7: | +1.96% | |
| Price / MAexp20: | +3.25% | |
| Price / MAexp50: | -1.42% | |
| Price / MAexp100: | -13.04% |
Quotes :
-
15 min delayed data
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Euronext Paris
This member declared not having a position on this financial instrument or a related financial instrument.
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