NACON - 1H - Technical analysis published on 10/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.638 EUR
My targets
0.591 EUR (-2.31%)
0.554 EUR (-8.43%)
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 NACON. As long as you are under the resistance located at 0.638 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.591 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 0.554 EUR as an objective. If the resistance 0.638 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3
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
The NACON price is 0.605 EUR. On the day, this instrument gained +1.68% with the lowest point at 0.592 EUR and the highest point at 0.605 EUR. The deviation from the price is +2.20% for the low point and 0% for the high point.0.592
0.605
0.605
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NACON indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.554 | 0.591 | 0.605 | 0.668 | 0.780 | 0.837 |
| Change (%) | -8.43% | -2.31% | - | +10.41% | +28.93% | +38.35% |
| Change | -0.051 | -0.014 | - | +0.063 | +0.175 | +0.232 |
| Level | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.547 | 0.569 | 0.582 | 0.604 | 0.617 | 0.639 | 0.652 |
| Camarilla | 0.585 | 0.589 | 0.592 | 0.595 | 0.598 | 0.601 | 0.605 |
| Woodie | 0.543 | 0.567 | 0.578 | 0.602 | 0.613 | 0.637 | 0.648 |
| Fibonacci | 0.569 | 0.582 | 0.591 | 0.604 | 0.617 | 0.626 | 0.639 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.538 | 0.560 | 0.577 | 0.599 | 0.616 | 0.638 | 0.655 |
| Camarilla | 0.583 | 0.587 | 0.590 | 0.594 | 0.598 | 0.601 | 0.605 |
| Woodie | 0.536 | 0.559 | 0.575 | 0.598 | 0.614 | 0.637 | 0.653 |
| Fibonacci | 0.560 | 0.575 | 0.584 | 0.599 | 0.614 | 0.623 | 0.638 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.472 | 0.651 | 0.762 | 0.941 | 1.052 | 1.231 | 1.342 |
| Camarilla | 0.793 | 0.820 | 0.846 | 0.873 | 0.900 | 0.926 | 0.953 |
| Woodie | 0.438 | 0.634 | 0.728 | 0.924 | 1.018 | 1.214 | 1.308 |
| Fibonacci | 0.651 | 0.762 | 0.830 | 0.941 | 1.052 | 1.120 | 1.231 |
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): | 47.08 | |
| MACD (12,26,9): | -0.0030 | |
| Directional Movement: | 1.886 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 0.598 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.591 | |
| Elder Ray (13): | -0.002 | |
| Super Trend (3,10): | 0.581 | |
| Zig ZAG (10): | 0.598 | |
| VORTEX (21): | 0.9930 | |
| Stochastique (14,3,5): | 9.30 | |
| TEMA (21): | 0.594 | |
| Williams %R (14): | -83.72 | |
| Chande Momentum Oscillator (20): | -0.023 | |
| Repulse (5,40,3): | -0.1470 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0220 | |
| Courbe Coppock: | 9.79 |
| MA7: | 0.596 | |
| MA20: | 0.682 | |
| MA50: | 0.844 | |
| MA100: | 1.010 | |
| MAexp7: | 0.596 | |
| MAexp20: | 0.601 | |
| MAexp50: | 0.607 | |
| MAexp100: | 0.632 | |
| Price / MA7: | +1.51% | |
| Price / MA20: | -11.29% | |
| Price / MA50: | -28.32% | |
| Price / MA100: | -40.10% | |
| Price / MAexp7: | +1.51% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -4.27% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on NACON. At the time of publication of this analysis, the latest news was as follows:
- PRESS RELEASE: NACON: STRONG SALES GROWTH IN THE SECOND QUARTER OF 2024/25 TO €44.7 MILLION
- NACON: NEARLY 100,000 ACTIVE PLAYERS EVERYDAY IN TEST DRIVE UNLIMITED SOLAR CROWN
- PRESS RELEASE: NACON: ISSUANCE OF NEW SHARES IN CONNECTION WITH THE ACQUISITION OF BIG ANT STUDIOS
- PRESS RELEASE:FIRST-QUARTER 2024/25 SALES: €32.3 MILLION
- PRESS RELEASE: NACON LAUNCHES RIGHTS ISSUE WITH PRE-EMPTIVE RIGHTS
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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