FRANCAISE ENERGIE - Weekly - Technical analysis published on 07/12/2024 (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
17%
61%
22%
My opinion
Bearish under 31.99 EUR
My targets
24.75 EUR (-15.82%)
19.70 EUR (-32.99%)
My analysis
FRANCAISE ENERGIE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 31.99 EUR. The next support located at 24.75 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 19.70 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem 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
7.5
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FRANCAISE ENERGIE price is 29.40 EUR. The price registered a decrease of -6.82% over 5 days and has been traded over the last 5 days between 29.35 EUR and 32.70 EUR. This implies that the 5 day price is +0.17% from its lowest point and -10.09% from its highest point.29.35
32.70
29.40
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Weekly
In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Weekly
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Weekly
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 19.70 | 24.12 | 29.40 | 31.99 | 39.29 | 52.78 |
| Change (%) | -32.99% | -17.96% | - | +8.81% | +33.64% | +79.52% |
| Change | -9.70 | -5.28 | - | +2.59 | +9.89 | +23.38 |
| Level | Intermediate | Minor | - | Major | Intermediate | Major |
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 | 28.63 | 29.02 | 29.78 | 30.17 | 30.93 | 31.32 | 32.08 |
| Camarilla | 30.23 | 30.34 | 30.45 | 30.55 | 30.66 | 30.76 | 30.87 |
| Woodie | 28.83 | 29.11 | 29.98 | 30.26 | 31.13 | 31.41 | 32.28 |
| Fibonacci | 29.02 | 29.46 | 29.73 | 30.17 | 30.61 | 30.88 | 31.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.78 | 27.42 | 29.48 | 31.12 | 33.18 | 34.82 | 36.88 |
| Camarilla | 30.53 | 30.87 | 31.21 | 31.55 | 31.89 | 32.23 | 32.57 |
| Woodie | 26.00 | 27.53 | 29.70 | 31.23 | 33.40 | 34.93 | 37.10 |
| Fibonacci | 27.42 | 28.83 | 29.70 | 31.12 | 32.53 | 33.40 | 34.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.70 | 20.90 | 24.75 | 31.95 | 35.80 | 43.00 | 46.85 |
| Camarilla | 25.56 | 26.57 | 27.59 | 28.60 | 29.61 | 30.63 | 31.64 |
| Woodie | 12.03 | 20.06 | 23.08 | 31.11 | 34.13 | 42.16 | 45.18 |
| Fibonacci | 20.90 | 25.12 | 27.73 | 31.95 | 36.17 | 38.78 | 43.00 |
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): | 35.78 | |
| MACD (12,26,9): | -3.0100 | |
| Directional Movement: | -7.97 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 31.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 38.66 | |
| Elder Ray (13): | -2.14 | |
| Super Trend (3,10): | 39.70 | |
| Zig ZAG (10): | 29.40 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 14.71 | |
| TEMA (21): | 29.50 | |
| Williams %R (14): | -89.08 | |
| Chande Momentum Oscillator (20): | -3.10 | |
| Repulse (5,40,3): | -19.5600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9700 | |
| Courbe Coppock: | 22.97 |
| MA7: | 30.41 | |
| MA20: | 30.26 | |
| MA50: | 33.96 | |
| MA100: | 35.19 | |
| MAexp7: | 31.48 | |
| MAexp20: | 34.80 | |
| MAexp50: | 38.53 | |
| MAexp100: | 39.40 | |
| Price / MA7: | -3.32% | |
| Price / MA20: | -2.84% | |
| Price / MA50: | -13.43% | |
| Price / MA100: | -16.45% | |
| Price / MAexp7: | -6.61% | |
| Price / MAexp20: | -15.52% | |
| Price / MAexp50: | -23.70% | |
| Price / MAexp100: | -25.38% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on FRANCAISE ENERGIE. At the time of publication of this analysis, the latest news was as follows:
- FDE holds now 3.31% of its own shares through its share buyback program
- Half-year statement of the liquidity contract
- 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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