CERINNOV GROUP - Daily - Technical analysis published on 10/02/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.149 EUR
My targets
0.697 EUR (-22.87%)
0.597 EUR (-33.99%)
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 1.149 EUR. The sellers' bearish objective is set at 0.697 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.597 EUR. In case of crossing, the next objective would be the support located at 0.524 EUR. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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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 0.904 EUR. The price registered an increase of +0.22% on the session and was traded between 0.904 EUR and 0.904 EUR over the period. The price is currently at 0% from its lowest and 0% from its highest.0.904
0.904
0.904
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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CERINNOV GROUP indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
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
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami cross
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.524 | 0.904 | 1.299 | 1.804 | 2.107 |
| Change (%) | -42.04% | - | +43.69% | +99.56% | +133.08% |
| Change | -0.380 | - | +0.395 | +0.900 | +1.203 |
| Level | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.840 | 0.870 | 0.886 | 0.916 | 0.932 | 0.962 | 0.978 |
| Camarilla | 0.889 | 0.894 | 0.898 | 0.902 | 0.906 | 0.910 | 0.915 |
| Woodie | 0.833 | 0.867 | 0.879 | 0.913 | 0.925 | 0.959 | 0.971 |
| Fibonacci | 0.870 | 0.888 | 0.898 | 0.916 | 0.934 | 0.944 | 0.962 |
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 | -0.003 | 0.449 | 0.697 | 1.149 | 1.397 | 1.849 | 2.097 |
| Camarilla | 0.754 | 0.818 | 0.882 | 0.946 | 1.010 | 1.074 | 1.139 |
| Woodie | -0.104 | 0.398 | 0.596 | 1.098 | 1.296 | 1.798 | 1.996 |
| Fibonacci | 0.449 | 0.716 | 0.881 | 1.149 | 1.416 | 1.581 | 1.849 |
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): | 24.16 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -31.122 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 0.971 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.115 | |
| Elder Ray (13): | -0.158 | |
| Super Trend (3,10): | 1.107 | |
| Zig ZAG (10): | 0.904 | |
| VORTEX (21): | 0.6960 | |
| Stochastique (14,3,5): | 3.10 | |
| TEMA (21): | 0.884 | |
| Williams %R (14): | -98.92 | |
| Chande Momentum Oscillator (20): | -0.186 | |
| Repulse (5,40,3): | -8.0580 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.1820 | |
| Courbe Coppock: | 57.60 |
| MA7: | 0.990 | |
| MA20: | 1.184 | |
| MA50: | 1.353 | |
| MA100: | 1.480 | |
| MAexp7: | 0.978 | |
| MAexp20: | 1.140 | |
| MAexp50: | 1.309 | |
| MAexp100: | 1.496 | |
| Price / MA7: | -8.69% | |
| Price / MA20: | -23.65% | |
| Price / MA50: | -33.19% | |
| Price / MA100: | -38.92% | |
| Price / MAexp7: | -7.57% | |
| Price / MAexp20: | -20.70% | |
| Price / MAexp50: | -30.94% | |
| Price / MAexp100: | -39.57% |
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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