AJAX - Daily - Technical analysis published on 01/05/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 10.50 EUR
My targets
9.61 EUR (-5.78%)
9.02 EUR (-11.57%)
My analysis
AJAX 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 10.50 EUR. The next support located at 9.61 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 9.02 EUR. Below this support, sellers could then target 7.51 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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:
Additional analysis
Quotes
AJAX rating 10.20 EUR. On the day, this instrument gained +1.49% and was between 10.05 EUR and 10.20 EUR. This implies that the price is at +1.49% from its lowest and at 0% from its highest.10.05
10.20
10.20
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AJAX chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 4 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.02 | 9.61 | 10.18 | 10.20 | 10.50 | 11.10 | 11.44 |
| Change (%) | -11.57% | -5.78% | -0.20% | - | +2.94% | +8.82% | +12.16% |
| Change | -1.18 | -0.59 | -0.02 | - | +0.30 | +0.90 | +1.24 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Minor |
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 | 9.85 | 9.95 | 10.00 | 10.10 | 10.15 | 10.25 | 10.30 |
| Camarilla | 10.01 | 10.02 | 10.04 | 10.05 | 10.06 | 10.08 | 10.09 |
| Woodie | 9.83 | 9.94 | 9.98 | 10.09 | 10.13 | 10.24 | 10.28 |
| Fibonacci | 9.95 | 10.01 | 10.04 | 10.10 | 10.16 | 10.19 | 10.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.29 | 9.59 | 9.79 | 10.09 | 10.29 | 10.59 | 10.79 |
| Camarilla | 9.84 | 9.89 | 9.93 | 9.98 | 10.03 | 10.07 | 10.12 |
| Woodie | 9.23 | 9.57 | 9.73 | 10.07 | 10.23 | 10.57 | 10.73 |
| Fibonacci | 9.59 | 9.78 | 9.90 | 10.09 | 10.28 | 10.40 | 10.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.62 | 9.26 | 9.62 | 10.26 | 10.62 | 11.26 | 11.62 |
| Camarilla | 9.71 | 9.80 | 9.89 | 9.98 | 10.07 | 10.16 | 10.26 |
| Woodie | 8.48 | 9.19 | 9.48 | 10.19 | 10.48 | 11.19 | 11.48 |
| Fibonacci | 9.26 | 9.64 | 9.88 | 10.26 | 10.64 | 10.88 | 11.26 |
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): | 43.71 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -1.80 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 10.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.31 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 10.76 | |
| Zig ZAG (10): | 10.20 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 29.93 | |
| TEMA (21): | 10.00 | |
| Williams %R (14): | -64.71 | |
| Chande Momentum Oscillator (20): | -0.40 | |
| Repulse (5,40,3): | 0.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 10.77 |
| MA7: | 10.09 | |
| MA20: | 10.37 | |
| MA50: | 10.62 | |
| MA100: | 10.41 | |
| MAexp7: | 10.15 | |
| MAexp20: | 10.31 | |
| MAexp50: | 10.47 | |
| MAexp100: | 10.55 | |
| Price / MA7: | +1.09% | |
| Price / MA20: | -1.64% | |
| Price / MA50: | -3.95% | |
| Price / MA100: | -2.02% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -2.58% | |
| Price / MAexp100: | -3.32% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
Don't forget to follow the news on AJAX. At the time of publication of this analysis, the latest news was as follows:
- Awesome Products Inc. Explains Acquisition of Ajax Laundry Care
- Great Ajax Corp. Announces Results for the Quarter Ended June 30, 2023
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AJX, DEN, FREQ, NLTX
- Great Ajax Corp. Schedules Its Second Quarter 2023 Financial Results Release For Thursday, August 3, 2023
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SCU, PRDS, NLTX, AJX
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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