CERINNOV GROUP - Daily - Technical analysis published on 09/30/2024 (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
17%
72%
11%
My opinion
Bearish under 1.016 EUR
My targets
0.835 EUR (-10.25%)
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 1.016 EUR. The sellers' bearish objective is set at 0.835 EUR. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.9
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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 0.930 EUR. On the day, this instrument gained +1.09% with the lowest point at 0.900 EUR and the highest point at 0.930 EUR. The deviation from the price is +3.33% for the low point and 0% for the high point.0.900
0.930
0.930
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
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:
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
Abnormal volumes on CERINNOV GROUP were detected by the Central Volumes scanner:
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 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish doji star
Type : Bullish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.930 | 1.016 | 1.299 | 1.811 |
| Change (%) | - | +9.25% | +39.68% | +94.73% |
| Change | - | +0.086 | +0.369 | +0.881 |
| Level | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.717 | 0.809 | 0.865 | 0.957 | 1.013 | 1.105 | 1.161 |
| Camarilla | 0.879 | 0.893 | 0.906 | 0.920 | 0.934 | 0.947 | 0.961 |
| Woodie | 0.698 | 0.800 | 0.846 | 0.948 | 0.994 | 1.096 | 1.142 |
| Fibonacci | 0.809 | 0.866 | 0.901 | 0.957 | 1.014 | 1.049 | 1.105 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.597 | 0.749 | 0.835 | 0.987 | 1.073 | 1.225 | 1.311 |
| Camarilla | 0.855 | 0.876 | 0.898 | 0.920 | 0.942 | 0.964 | 0.986 |
| Woodie | 0.563 | 0.733 | 0.801 | 0.971 | 1.039 | 1.209 | 1.277 |
| Fibonacci | 0.749 | 0.840 | 0.896 | 0.987 | 1.078 | 1.134 | 1.225 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 23.78 | |
| MACD (12,26,9): | -0.1310 | |
| Directional Movement: | -33.472 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 1.036 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.205 | |
| Elder Ray (13): | -0.207 | |
| Super Trend (3,10): | 1.145 | |
| Zig ZAG (10): | 0.930 | |
| VORTEX (21): | 0.6920 | |
| Stochastique (14,3,5): | 2.71 | |
| TEMA (21): | 0.945 | |
| Williams %R (14): | -94.87 | |
| Chande Momentum Oscillator (20): | -0.535 | |
| Repulse (5,40,3): | -10.7800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0030 | |
| Courbe Coppock: | 58.21 |
| MA7: | 1.049 | |
| MA20: | 1.240 | |
| MA50: | 1.373 | |
| MA100: | 1.500 | |
| MAexp7: | 1.032 | |
| MAexp20: | 1.190 | |
| MAexp50: | 1.343 | |
| MAexp100: | 1.520 | |
| Price / MA7: | -11.34% | |
| Price / MA20: | -25.00% | |
| Price / MA50: | -32.27% | |
| Price / MA100: | -38.00% | |
| Price / MAexp7: | -9.88% | |
| Price / MAexp20: | -21.85% | |
| Price / MAexp50: | -30.75% | |
| Price / MAexp100: | -38.82% |
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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