CERINNOV GROUP

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ALPCV
ISIN:	FR0013178712

CERINNOV GROUP - Daily - Technical analysis published on 09/13/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

61%

11%

My opinion

Bearish under 1.299 EUR

My targets

1.067 EUR (-13.98%)

1.016 EUR (-18.06%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CERINNOV GROUP as long as the price remains well below 1.299 EUR. The sellers' bearish objective is set at 1.067 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.016 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.8

Comment on the analysis

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 pierrott. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CERINNOV GROUP rating is 1.240 EUR. The price registered a decrease of -15.36% on the session and was between 1.125 EUR and 1.240 EUR. This implies that the price is at +10.22% from its lowest and at 0% from its highest.

1.125

1.240

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Daily of this CERINNOV GROUP chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Downside gap

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	1.016	1.240	1.299	1.805	2.130
Change (%)	-18.06%	-	+4.76%	+45.56%	+71.77%
Change	-0.224	-	+0.059	+0.565	+0.890
Level	Minor	-	Major	Intermediate	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	1.377	1.398	1.432	1.453	1.487	1.508	1.542
Camarilla	1.450	1.455	1.460	1.465	1.470	1.475	1.480
Woodie	1.383	1.401	1.438	1.456	1.493	1.511	1.548
Fibonacci	1.398	1.419	1.432	1.453	1.474	1.487	1.508

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.237	1.328	1.417	1.508	1.597	1.688	1.777
Camarilla	1.456	1.472	1.489	1.505	1.522	1.538	1.555
Woodie	1.235	1.328	1.415	1.508	1.595	1.688	1.775
Fibonacci	1.328	1.397	1.440	1.508	1.577	1.620	1.688

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	28.41
MACD (12,26,9):	-0.0220
Directional Movement:	-28.576
AROON (14):	-100.000
DEMA (21):	1.452
Parabolic SAR (0,02-0,02-0,2):	1.628
Elder Ray (13):	-0.304
Super Trend (3,10):	1.455
Zig ZAG (10):	1.180
VORTEX (21):	0.9600
Stochastique (14,3,5):	13.03
TEMA (21):	1.440
Williams %R (14):	-85.50
Chande Momentum Oscillator (20):	-0.330
Repulse (5,40,3):	11.5550
ROCnROLL:	2
TRIX (15,9):	0.1690
Courbe Coppock:	16.87

MA7:	1.448
MA20:	1.519
MA50:	1.448
MA100:	1.590
MAexp7:	1.423
MAexp20:	1.470
MAexp50:	1.497
MAexp100:	1.631
Price / MA7:	-14.36%
Price / MA20:	-18.37%
Price / MA50:	-14.36%
Price / MA100:	-22.01%
Price / MAexp7:	-12.86%
Price / MAexp20:	-15.65%
Price / MAexp50:	-17.17%
Price / MAexp100:	-23.97%

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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