ENERTIME - Daily - Technical analysis published on 06/10/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.3335 EUR
My targets
0.2933 EUR (-6.88%)
0.2570 EUR (-18.41%)
My analysis
The bearish basic trend is very strong on ENERTIME but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.3335 EUR. Crossing the first support at 0.2933 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.2570 EUR as an objective. Crossing it would then enable sellers to target 0.1840 EUR. Caution, a return to above the resistance located at 0.3335 EUR would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENERTIME price is 0.3150 EUR. The price is lower by -11.02% since the last closing and was traded between 0.3150 EUR and 0.3400 EUR over the period. The price is currently at 0% from its lowest and -7.35% from its highest.0.3150
0.3400
0.3150
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ENERTIME indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
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:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.3150 | 0.3500 | 0.5560 | 0.8324 |
| Change (%) | - | +11.11% | +76.51% | +164.25% |
| Change | - | +0.0350 | +0.2410 | +0.5174 |
| Level | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3393 | 0.3467 | 0.3503 | 0.3577 | 0.3613 | 0.3687 | 0.3723 |
| Camarilla | 0.3510 | 0.3520 | 0.3530 | 0.3540 | 0.3550 | 0.3560 | 0.3570 |
| Woodie | 0.3375 | 0.3458 | 0.3485 | 0.3568 | 0.3595 | 0.3678 | 0.3705 |
| Fibonacci | 0.3467 | 0.3509 | 0.3535 | 0.3577 | 0.3619 | 0.3645 | 0.3687 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.2933 | 0.3117 | 0.3328 | 0.3512 | 0.3723 | 0.3907 | 0.4118 |
| Camarilla | 0.3431 | 0.3468 | 0.3504 | 0.3540 | 0.3576 | 0.3612 | 0.3649 |
| Woodie | 0.2948 | 0.3124 | 0.3343 | 0.3519 | 0.3738 | 0.3914 | 0.4133 |
| Fibonacci | 0.3117 | 0.3268 | 0.3361 | 0.3512 | 0.3663 | 0.3756 | 0.3907 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1075 | 0.1840 | 0.2570 | 0.3335 | 0.4065 | 0.4830 | 0.5560 |
| Camarilla | 0.2889 | 0.3026 | 0.3163 | 0.3300 | 0.3437 | 0.3574 | 0.3711 |
| Woodie | 0.1058 | 0.1831 | 0.2553 | 0.3326 | 0.4048 | 0.4821 | 0.5543 |
| Fibonacci | 0.1840 | 0.2411 | 0.2764 | 0.3335 | 0.3906 | 0.4259 | 0.4830 |
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): | 39.93 | |
| MACD (12,26,9): | -0.0087 | |
| Directional Movement: | -6.4638 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.3485 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.3040 | |
| Elder Ray (13): | -0.0226 | |
| Super Trend (3,10): | 0.3034 | |
| Zig ZAG (10): | 0.3280 | |
| VORTEX (21): | 1.0640 | |
| Stochastique (14,3,5): | 32.00 | |
| TEMA (21): | 0.3546 | |
| Williams %R (14): | -96.00 | |
| Chande Momentum Oscillator (20): | -0.0665 | |
| Repulse (5,40,3): | -6.0255 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2433 | |
| Courbe Coppock: | 10.64 |
| MA7: | 0.3507 | |
| MA20: | 0.3659 | |
| MA50: | 0.3800 | |
| MA100: | 0.4724 | |
| MAexp7: | 0.3517 | |
| MAexp20: | 0.3605 | |
| MAexp50: | 0.3914 | |
| MAexp100: | 0.4685 | |
| Price / MA7: | -10.18% | |
| Price / MA20: | -13.91% | |
| Price / MA50: | -17.11% | |
| Price / MA100: | -33.32% | |
| Price / MAexp7: | -10.44% | |
| Price / MAexp20: | -12.62% | |
| Price / MAexp50: | -19.52% | |
| Price / MAexp100: | -32.76% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on ENERTIME at the time of the generation of this analysis was as follows:
- ENERTIME AWARDED MOST INNOVATIVE FRENCH COMPANY IN ENERGY AND N°5 OUT OF 200 IN ALL CATEGORIES IN 2024 BY FINANCIAL NEWSPAPER "LES ECHOS"
- ENERTIME PUBLISHES ITS FIRST-HALF 2023 RESULTS
- ENERTIME PARTICIPATES IN A NEW HORIZON EUROPE PROJECT TO SUPPLY AN ORC PRODUCING 1 MW OF CO2-FREE ELECTRICITY FOR HYDROGEN PRODUCTION IN A REFINERY IN GREECE
- Enertime relays information on the launch of the Decagone project
- ENERTIME SUBMITS A NEW APPLICATION TO ADEME FOR AN ORC PROJECT IN FRANCE AND UPDATES ON THE PROGRESS OF ITS STRATEGY
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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