CERINNOV GROUP - Daily - Technical analysis published on 09/04/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 1.594 EUR
My targets
1.333 EUR (-8.05%)
1.294 EUR (-10.76%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CERINNOV GROUP. As long as you are under the resistance located at 1.594 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.333 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.294 EUR as an objective. Crossing it would then enable sellers to target 1.016 EUR. If the resistance 1.594 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.5
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CERINNOV GROUP rating 1.450 EUR. The price registered a decrease of -2.03% on the session and was traded between 1.450 EUR and 1.465 EUR over the period. The price is currently at 0% from its lowest and -1.02% from its highest.1.450
1.465
1.450
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of CERINNOV GROUP in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.016 | 1.294 | 1.450 | 1.594 | 1.858 | 2.057 |
| Change (%) | -29.93% | -10.76% | - | +9.93% | +28.14% | +41.86% |
| Change | -0.434 | -0.156 | - | +0.144 | +0.408 | +0.607 |
| Level | Intermediate | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.328 | 1.397 | 1.438 | 1.507 | 1.548 | 1.617 | 1.658 |
| Camarilla | 1.450 | 1.460 | 1.470 | 1.480 | 1.490 | 1.500 | 1.510 |
| Woodie | 1.315 | 1.390 | 1.425 | 1.500 | 1.535 | 1.610 | 1.645 |
| Fibonacci | 1.397 | 1.439 | 1.465 | 1.507 | 1.549 | 1.575 | 1.617 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.167 | 1.333 | 1.467 | 1.633 | 1.767 | 1.933 | 2.067 |
| Camarilla | 1.518 | 1.545 | 1.573 | 1.600 | 1.628 | 1.655 | 1.683 |
| Woodie | 1.150 | 1.325 | 1.450 | 1.625 | 1.750 | 1.925 | 2.050 |
| Fibonacci | 1.333 | 1.448 | 1.519 | 1.633 | 1.748 | 1.819 | 1.933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.833 | 1.067 | 1.333 | 1.567 | 1.833 | 2.067 | 2.333 |
| Camarilla | 1.463 | 1.508 | 1.554 | 1.600 | 1.646 | 1.692 | 1.738 |
| Woodie | 0.850 | 1.075 | 1.350 | 1.575 | 1.850 | 2.075 | 2.350 |
| Fibonacci | 1.067 | 1.258 | 1.376 | 1.567 | 1.758 | 1.876 | 2.067 |
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): | 45.68 | |
| MACD (12,26,9): | 0.0280 | |
| Directional Movement: | -7.849 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 1.552 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.775 | |
| Elder Ray (13): | -0.073 | |
| Super Trend (3,10): | 1.701 | |
| Zig ZAG (10): | 1.450 | |
| VORTEX (21): | 1.0760 | |
| Stochastique (14,3,5): | 31.06 | |
| TEMA (21): | 1.581 | |
| Williams %R (14): | -79.55 | |
| Chande Momentum Oscillator (20): | 0.050 | |
| Repulse (5,40,3): | -6.8920 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.4020 | |
| Courbe Coppock: | 23.76 |
| MA7: | 1.550 | |
| MA20: | 1.501 | |
| MA50: | 1.440 | |
| MA100: | 1.623 | |
| MAexp7: | 1.530 | |
| MAexp20: | 1.514 | |
| MAexp50: | 1.517 | |
| MAexp100: | 1.663 | |
| Price / MA7: | -6.45% | |
| Price / MA20: | -3.40% | |
| Price / MA50: | +0.69% | |
| Price / MA100: | -10.66% | |
| Price / MAexp7: | -5.23% | |
| Price / MAexp20: | -4.23% | |
| Price / MAexp50: | -4.42% | |
| Price / MAexp100: | -12.81% |
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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