CERINNOV GROUP - Daily - Technical analysis published on 08/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.507 EUR
My targets
1.858 EUR (+9.94%)
2.057 EUR (+21.72%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on CERINNOV GROUP as long as the price remains well above 1.507 EUR. The buyers' bullish objective is set at 1.858 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.057 EUR. If there is any crossing, the next objective would be the resistance located at 2.380 EUR.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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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 1.690 EUR. The price registered an increase of +6.29% on the session with the lowest point at 1.580 EUR and the highest point at 1.690 EUR. The deviation from the price is +6.96% for the low point and 0% for the high point.1.580
1.690
1.690
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Daily chart of CERINNOV GROUP indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.016 | 1.294 | 1.690 | 1.858 | 2.057 | 2.380 |
| Change (%) | -39.88% | -23.43% | - | +9.94% | +21.72% | +40.83% |
| Change | -0.674 | -0.396 | - | +0.168 | +0.367 | +0.690 |
| Level | Minor | Major | - | Minor | Minor | Intermediate |
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 | 1.233 | 1.317 | 1.453 | 1.537 | 1.673 | 1.757 | 1.893 |
| Camarilla | 1.530 | 1.550 | 1.570 | 1.590 | 1.610 | 1.630 | 1.651 |
| Woodie | 1.260 | 1.330 | 1.480 | 1.550 | 1.700 | 1.770 | 1.920 |
| Fibonacci | 1.317 | 1.401 | 1.453 | 1.537 | 1.621 | 1.673 | 1.757 |
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): | 77.06 | |
| MACD (12,26,9): | 0.0260 | |
| Directional Movement: | 24.792 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 1.467 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.353 | |
| Elder Ray (13): | 0.168 | |
| Super Trend (3,10): | 1.449 | |
| Zig ZAG (10): | 1.650 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 90.43 | |
| TEMA (21): | 1.526 | |
| Williams %R (14): | -10.26 | |
| Chande Momentum Oscillator (20): | 0.255 | |
| Repulse (5,40,3): | 13.1770 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0320 | |
| Courbe Coppock: | 14.98 |
| MA7: | 1.479 | |
| MA20: | 1.421 | |
| MA50: | 1.416 | |
| MA100: | 1.650 | |
| MAexp7: | 1.511 | |
| MAexp20: | 1.448 | |
| MAexp50: | 1.493 | |
| MAexp100: | 1.680 | |
| Price / MA7: | +14.27% | |
| Price / MA20: | +18.93% | |
| Price / MA50: | +19.35% | |
| Price / MA100: | +2.42% | |
| Price / MAexp7: | +11.85% | |
| Price / MAexp20: | +16.71% | |
| Price / MAexp50: | +13.19% | |
| Price / MAexp100: | +0.60% |
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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