SQUIRREL MEDIA

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SQRL
ISIN:	ES0183304080

SQUIRREL MEDIA - Daily - Technical analysis published on 06/21/2023 (GMT)

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06/21/2023 - 13:35
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Timeframe : Daily
- Analysis generated on 06/21/2023 - 13:35
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

39%

My opinion

Bearish under 2.50 EUR

My targets

2.23 EUR (-3.04%)

1.90 EUR (-17.39%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SQUIRREL MEDIA. As long as you are under the resistance located at 2.50 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2.23 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.90 EUR as an objective. If the resistance 2.50 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.5

Comment on the analysis

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.

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Additional analysis

Quotes

The SQUIRREL MEDIA rating is 2.30 EUR. On the day, this instrument gained +4.55% with the lowest point at 2.16 EUR and the highest point at 2.30 EUR. The deviation from the price is +6.48% for the low point and 0% for the high point.

2.16

2.30

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SQUIRREL MEDIA:

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of SQUIRREL MEDIA indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near support of channel

Type : Bullish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	1.90	2.23	2.30	2.50	2.80	3.00
Change (%)	-17.39%	-3.04%	-	+8.70%	+21.74%	+30.43%
Change	-0.40	-0.07	-	+0.20	+0.50	+0.70
Level	Intermediate	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	2.20	2.20	2.20	2.20	2.20	2.20	2.20
Camarilla	2.20	2.20	2.20	2.20	2.20	2.20	2.20
Woodie	2.20	2.20	2.20	2.20	2.20	2.20	2.20
Fibonacci	2.20	2.20	2.20	2.20	2.20	2.20	2.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.05	2.13	2.17	2.25	2.29	2.37	2.41
Camarilla	2.19	2.20	2.21	2.22	2.23	2.24	2.25
Woodie	2.04	2.12	2.16	2.24	2.28	2.36	2.40
Fibonacci	2.13	2.17	2.20	2.25	2.29	2.32	2.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.74	1.98	2.10	2.34	2.46	2.70	2.82
Camarilla	2.12	2.15	2.19	2.22	2.25	2.29	2.32
Woodie	1.68	1.95	2.04	2.31	2.40	2.67	2.76
Fibonacci	1.98	2.12	2.20	2.34	2.48	2.56	2.70

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):	50.75
MACD (12,26,9):	-0.0200
Directional Movement:	19.60
AROON (14):	-35.71
DEMA (21):	2.24
Parabolic SAR (0,02-0,02-0,2):	2.30
Elder Ray (13):	-0.04
Super Trend (3,10):	2.38
Zig ZAG (10):	2.30
VORTEX (21):	0.6900
Stochastique (14,3,5):	51.39
TEMA (21):	2.24
Williams %R (14):	-12.50
Chande Momentum Oscillator (20):	0.06
Repulse (5,40,3):	10.9700
ROCnROLL:	-1
TRIX (15,9):	-0.2000
Courbe Coppock:	1.12

MA7:	2.26
MA20:	2.26
MA50:	2.35
MA100:	2.39
MAexp7:	2.26
MAexp20:	2.28
MAexp50:	2.32
MAexp100:	2.39
Price / MA7:	+1.77%
Price / MA20:	+1.77%
Price / MA50:	-2.13%
Price / MA100:	-3.77%
Price / MAexp7:	+1.77%
Price / MAexp20:	+0.88%
Price / MAexp50:	-0.86%
Price / MAexp100:	-3.77%

Quotes : 06/21/2023 - 12:47 - 15 min delayed data - Spain Stocks

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

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