TME PHARMA - 1H - Technical analysis published on 10/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.4597 EUR
My targets
0.5278 EUR (+7.72%)
0.5817 EUR (+18.71%)
My analysis
The strong short-term increase in TME PHARMA calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.4597 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.5278 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.5817 EUR as an objective. Crossing it would then enable buyers to target 0.6600 EUR. Caution, a return under 0.4597 EUR could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TME PHARMA price is 0.4900 EUR. The price registered an increase of +25.16% on the session and was between 0.4005 EUR and 0.5140 EUR. This implies that the price is at +22.35% from its lowest and at -4.67% from its highest.0.4005
0.5140
0.4900
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of TME PHARMA in 1H shows an overall slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
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:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.3810 | 0.4900 | 0.6600 | 0.9740 | 1.1086 |
| Change (%) | -22.24% | - | +34.69% | +98.78% | +126.24% |
| Change | -0.1090 | - | +0.1700 | +0.4840 | +0.6186 |
| Level | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3298 | 0.3432 | 0.3673 | 0.3807 | 0.4048 | 0.4182 | 0.4423 |
| Camarilla | 0.3812 | 0.3846 | 0.3881 | 0.3915 | 0.3949 | 0.3984 | 0.4018 |
| Woodie | 0.3353 | 0.3459 | 0.3728 | 0.3834 | 0.4103 | 0.4209 | 0.4478 |
| Fibonacci | 0.3432 | 0.3575 | 0.3663 | 0.3807 | 0.3950 | 0.4038 | 0.4182 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.2157 | 0.2838 | 0.3377 | 0.4058 | 0.4597 | 0.5278 | 0.5817 |
| Camarilla | 0.3580 | 0.3691 | 0.3803 | 0.3915 | 0.4027 | 0.4139 | 0.4251 |
| Woodie | 0.2085 | 0.2803 | 0.3305 | 0.4023 | 0.4525 | 0.5243 | 0.5745 |
| Fibonacci | 0.2838 | 0.3304 | 0.3592 | 0.4058 | 0.4524 | 0.4812 | 0.5278 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.2833 | 0.7367 | 0.9933 | 1.4467 | 1.7033 | 2.1567 | 2.4133 |
| Camarilla | 1.0548 | 1.1198 | 1.1849 | 1.2500 | 1.3151 | 1.3802 | 1.4453 |
| Woodie | 0.1850 | 0.6875 | 0.8950 | 1.3975 | 1.6050 | 2.1075 | 2.3150 |
| Fibonacci | 0.7367 | 1.0079 | 1.1755 | 1.4467 | 1.7179 | 1.8855 | 2.1567 |
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): | 69.04 | |
| MACD (12,26,9): | 0.0074 | |
| Directional Movement: | 28.1683 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.4133 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.3646 | |
| Elder Ray (13): | 0.0773 | |
| Super Trend (3,10): | 0.4157 | |
| Zig ZAG (10): | 0.4980 | |
| VORTEX (21): | 1.0617 | |
| Stochastique (14,3,5): | 95.03 | |
| TEMA (21): | 0.4331 | |
| Williams %R (14): | -14.92 | |
| Chande Momentum Oscillator (20): | 0.1085 | |
| Repulse (5,40,3): | 14.9012 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2575 | |
| Courbe Coppock: | 21.17 |
| MA7: | 0.4383 | |
| MA20: | 0.6846 | |
| MA50: | 1.1538 | |
| MA100: | 1.2775 | |
| MAexp7: | 0.4336 | |
| MAexp20: | 0.4105 | |
| MAexp50: | 0.4296 | |
| MAexp100: | 0.5190 | |
| Price / MA7: | +11.80% | |
| Price / MA20: | -28.43% | |
| Price / MA50: | -57.53% | |
| Price / MA100: | -61.64% | |
| Price / MAexp7: | +13.01% | |
| Price / MAexp20: | +19.37% | |
| Price / MAexp50: | +14.06% | |
| Price / MAexp100: | -5.59% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on TME PHARMA. At the time of publication of this analysis, the latest news was as follows:
- TME Pharma N.V.: Half-yearly Report on the Liquidity Contract With Invest Securities
- TME Pharma Provides Positive Data Update on Best Response to Therapy With First Complete Response in GLORIA Trial in Glioblastoma, Bringing 50% of Patients in Expansion Arm to Complete or Near-Complete Response
- TME Pharma Announces Positive 15-month Survival Data From GLORIA Expansion Arm Evaluating NOX-A12 in Combination With Radiotherapy and Bevacizumab in Glioblastoma
- TME Pharma Receives Investigational New Drug (IND) Approval for NOX-A12 From the US FDA
- TME Pharma Announces Convocation of the 2023 Annual General Meeting of Shareholders
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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