PHARNEXT
PHARNEXT
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALPHA
ISIN: FR001400N1P4

PHARNEXT - 1H - Technical analysis published on 06/26/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 0.0363 EUR
My targets
0.0259 EUR (-28.06%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.0363 EUR remains possible. It is advisable to trade PHARNEXT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.0363 EUR. The next bearish objective for sellers is set at 0.0259 EUR. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.0363 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

PHARNEXT rating 0.0360 EUR. The price registered an increase of +20.00% on the session and was between 0.0242 EUR and 0.0415 EUR. This implies that the price is at +48.76% from its lowest and at -13.25% from its highest.

0.0242
0.0415
0.0360

A study of price movements over other periods shows the following variations:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of PHARNEXT indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Central Candlesticks

Piercing line

Type : Bullish

Timeframe : 1 hour


White line without lower shadow

Type : Bullish

Timeframe : 1 hour


Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 0.0259 0.0360 0.1465 0.3740 0.7500
Change (%) -28.06% - +306.94% +938.89% +1,983.33%
Change -0.0101 - +0.1105 +0.3380 +0.7140
Level Intermediate - Minor Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.00100.01000.02000.03100.04100.05200.0620
Camarilla0.02420.02620.02810.03000.03190.03390.0358
Woodie-0.00150.00980.01950.03080.04050.05180.0615
Fibonacci0.01000.01800.02300.03100.03900.04400.0520


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0221-0.00050.01470.03630.05150.07310.0883
Camarilla0.01990.02330.02660.03000.03340.03680.0401
Woodie-0.0252-0.00210.01160.03470.04840.07150.0852
Fibonacci-0.00050.01350.02220.03630.05030.05900.0731


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-1.7900-0.7080-0.16400.91801.46202.54403.0880
Camarilla-0.06720.08190.23100.38000.52910.67810.8272
Woodie-2.0590-0.8425-0.43300.78351.19302.40952.8190
Fibonacci-0.7080-0.08690.29690.91801.53911.92292.5440

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): 56.86
MACD (12,26,9): -0.0010
Directional Movement: 5.4445
AROON (14): 50.0000
DEMA (21): 0.0284
Parabolic SAR (0,02-0,02-0,2): 0.0420
Elder Ray (13): 0.0022
Super Trend (3,10): 0.0241
Zig ZAG (10): 0.0392
VORTEX (21): 0.8902
Stochastique (14,3,5): 71.75
TEMA (21): 0.0314
Williams %R (14): -28.57
Chande Momentum Oscillator (20): 0.0102
Repulse (5,40,3): 21.1555
ROCnROLL: -1
TRIX (15,9): -1.3056
Courbe Coppock: 29.60
MA7: 0.0370
MA20: 0.1276
MA50: 1.0234
MA100: 4.5117
MAexp7: 0.0320
MAexp20: 0.0305
MAexp50: 0.0398
MAexp100: 0.0882
Price / MA7: -2.70%
Price / MA20: -71.79%
Price / MA50: -96.48%
Price / MA100: -99.20%
Price / MAexp7: +12.50%
Price / MAexp20: +18.03%
Price / MAexp50: -9.55%
Price / MAexp100: -59.18%

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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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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