FORFARMERS
FORFARMERS
- EUR (-)
- 15 min delayed data - Euronext Amsterdam
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: FFARM
ISIN: NL0011832811

FORFARMERS - Daily - Technical analysis published on 12/05/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 3.000 EUR
My targets
3.279 EUR (+6.29%)
3.390 EUR (+9.89%)
My analysis
The bullish trend is currently very strong on FORFARMERS. As long as the price remains above the support at 3.000 EUR, you could try to benefit from the boom. The first bullish objective is located at 3.279 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.390 EUR as an objective. Crossing it would then enable buyers to target 4.011 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
7.9

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:
15 min. 1H Weekly

Additional analysis

Quotes

FORFARMERS rating 3.085 EUR. The price registered an increase of +7.12% on the session and was traded between 2.975 EUR and 3.185 EUR over the period. The price is currently at +3.70% from its lowest and -3.14% from its highest.

2.975
3.185
3.085

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.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of FORFARMERS in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.572 2.746 3.000 3.085 3.279 3.390 4.011
Change (%) -16.63% -10.99% -2.76% - +6.29% +9.89% +30.02%
Change -0.513 -0.339 -0.085 - +0.194 +0.305 +0.926
Level Major Major Minor - Intermediate Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.7702.8002.8402.8702.9102.9402.980
Camarilla2.8612.8672.8742.8802.8862.8932.899
Woodie2.7752.8032.8452.8732.9152.9432.985
Fibonacci2.8002.8272.8432.8702.8972.9132.940


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.7002.7502.8152.8652.9302.9803.045
Camarilla2.8482.8592.8702.8802.8912.9012.912
Woodie2.7082.7542.8232.8692.9382.9843.053
Fibonacci2.7502.7942.8212.8652.9092.9362.980


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.9932.1772.5282.7123.0633.2473.598
Camarilla2.7332.7822.8312.8802.9292.9783.027
Woodie2.0782.2192.6132.7543.1483.2893.683
Fibonacci2.1772.3812.5072.7122.9163.0423.247

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 72.53
MACD (12,26,9): 0.1040
Directional Movement: 32.979
AROON (14): 85.714
DEMA (21): 2.881
Parabolic SAR (0,02-0,02-0,2): 2.711
Elder Ray (13): 0.262
Super Trend (3,10): 2.735
Zig ZAG (10): 3.090
VORTEX (21): 1.1850
Stochastique (14,3,5): 85.96
TEMA (21): 2.959
Williams %R (14): -15.97
Chande Momentum Oscillator (20): 0.480
Repulse (5,40,3): 3.2880
ROCnROLL: 1
TRIX (15,9): 0.4220
Courbe Coppock: 20.77
MA7: 2.887
MA20: 2.725
MA50: 2.562
MA100: 2.730
MAexp7: 2.892
MAexp20: 2.759
MAexp50: 2.674
MAexp100: 2.719
Price / MA7: +6.86%
Price / MA20: +13.21%
Price / MA50: +20.41%
Price / MA100: +13.00%
Price / MAexp7: +6.67%
Price / MAexp20: +11.82%
Price / MAexp50: +15.37%
Price / MAexp100: +13.46%

Quotes : - 15 min delayed data - Euronext Amsterdam

This member declared not having a position on this financial instrument or a related financial instrument.

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