FRANCAISE ENERGIE - Weekly - Technical analysis published on 06/28/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 31.99 EUR
My targets
28.53 EUR (-1.61%)
24.12 EUR (-16.83%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FRANCAISE ENERGIE as long as the price remains well below 31.99 EUR. The sellers' bearish objective is set at 28.53 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.12 EUR. In case of crossing, the next objective would be the support located at 19.70 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
0
10
7.3
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FRANCAISE ENERGIE rating 29.00 EUR. The price registered a decrease of -2.85% over 5 days and has been traded over the last 5 days between 28.10 EUR and 30.10 EUR. This implies that the 5 day price is +3.20% from its lowest point and -3.65% from its highest point.28.10
30.10
29.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Technical
Technical analysis of FRANCAISE ENERGIE in Weekly shows a overall strongly 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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Weekly
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 | 19.70 | 24.12 | 29.00 | 31.99 | 39.27 | 52.78 |
| Change (%) | -32.07% | -16.83% | - | +10.31% | +35.41% | +82.00% |
| Change | -9.30 | -4.88 | - | +2.99 | +10.27 | +23.78 |
| Level | Intermediate | Minor | - | Intermediate | Major | Major |
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 | 27.03 | 27.57 | 28.33 | 28.87 | 29.63 | 30.17 | 30.93 |
| Camarilla | 28.74 | 28.86 | 28.98 | 29.10 | 29.22 | 29.34 | 29.46 |
| Woodie | 27.15 | 27.63 | 28.45 | 28.93 | 29.75 | 30.23 | 31.05 |
| Fibonacci | 27.57 | 28.06 | 28.37 | 28.87 | 29.36 | 29.67 | 30.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.48 | 26.22 | 28.03 | 30.77 | 32.58 | 35.32 | 37.13 |
| Camarilla | 28.60 | 29.02 | 29.43 | 29.85 | 30.27 | 30.68 | 31.10 |
| Woodie | 23.03 | 25.99 | 27.58 | 30.54 | 32.13 | 35.09 | 36.68 |
| Fibonacci | 26.22 | 27.96 | 29.03 | 30.77 | 32.51 | 33.58 | 35.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.53 | 31.27 | 34.53 | 37.27 | 40.53 | 43.27 | 46.53 |
| Camarilla | 36.15 | 36.70 | 37.25 | 37.80 | 38.35 | 38.90 | 39.45 |
| Woodie | 28.80 | 31.40 | 34.80 | 37.40 | 40.80 | 43.40 | 46.80 |
| Fibonacci | 31.27 | 33.56 | 34.98 | 37.27 | 39.56 | 40.98 | 43.27 |
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): | 31.59 | |
| MACD (12,26,9): | -2.8900 | |
| Directional Movement: | -15.18 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 32.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.56 | |
| Elder Ray (13): | -5.13 | |
| Super Trend (3,10): | 39.70 | |
| Zig ZAG (10): | 29.10 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 9.40 | |
| TEMA (21): | 30.64 | |
| Williams %R (14): | -91.60 | |
| Chande Momentum Oscillator (20): | -5.90 | |
| Repulse (5,40,3): | -17.6900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8900 | |
| Courbe Coppock: | 24.63 |
| MA7: | 29.79 | |
| MA20: | 32.59 | |
| MA50: | 34.68 | |
| MA100: | 36.52 | |
| MAexp7: | 32.50 | |
| MAexp20: | 35.81 | |
| MAexp50: | 39.22 | |
| MAexp100: | 39.78 | |
| Price / MA7: | -2.65% | |
| Price / MA20: | -11.02% | |
| Price / MA50: | -16.38% | |
| Price / MA100: | -20.59% | |
| Price / MAexp7: | -10.77% | |
| Price / MAexp20: | -19.02% | |
| Price / MAexp50: | -26.06% | |
| Price / MAexp100: | -27.10% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on FRANCAISE ENERGIE at the time of the analysis were as follows:
- FDE buys back some of its share issued capital via its buy-back program
- FDE buys back some of its share issued capital via its buy-back program
- FDE buys back some of its share issued capital via its buy-back program
- FDE buys back some of its share issued capital via its buy-back program
- FDE buys back some of its share issued capital via its buy-back program
This member declared not having a position on this financial instrument or a related financial instrument.
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