TONNER DRONES - Weekly - Technical analysis published on 03/05/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 1.4297 EUR
My targets
0.9603 EUR (-23.65%)
0.7640 EUR (-39.26%)
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 1.4297 EUR remains possible. It is advisable to trade TONNER DRONES with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.4297 EUR. The next bearish objective for sellers is set at 0.9603 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.7640 EUR. In case of crossing, the next objective would be the support located at 0.7070 EUR. PS: if there is a bullish break in the resistance located at 1.4297 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.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TONNER DRONES price is 1.2578 EUR. The price registered an increase of +149.07% over 5 days and was traded between 0.7400 EUR and 1.3960 EUR over the period. The price is currently at +69.97% from its lowest point and -9.90% from its highest point.0.7400
1.3960
1.2578
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this TONNER DRONES chart shows a bearish trend. 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:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Weekly
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Weekly
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.2578 | 148,000.0000 | 1,030,000.1000 | 2,050,000.2000 |
| Change (%) | - | +11,766,476.56% | +81,888,920.51% | +162,982,902.07% |
| Change | - | +147,998.7422 | +1,029,998.8422 | +2,049,998.9422 |
| Level | - | Minor | Minor | Major |
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 | 0.3333 | 0.5567 | 0.7333 | 0.9567 | 1.1333 | 1.3567 | 1.5333 |
| Camarilla | 0.8000 | 0.8367 | 0.8733 | 0.9100 | 0.9467 | 0.9833 | 1.0200 |
| Woodie | 0.3100 | 0.5450 | 0.7100 | 0.9450 | 1.1100 | 1.3450 | 1.5100 |
| Fibonacci | 0.5567 | 0.7095 | 0.8039 | 0.9567 | 1.1095 | 1.2039 | 1.3567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.1883 | 0.1513 | 0.6207 | 0.9603 | 1.4297 | 1.7693 | 2.2387 |
| Camarilla | 0.8675 | 0.9417 | 1.0158 | 1.0900 | 1.1642 | 1.2383 | 1.3125 |
| Woodie | -0.1235 | 0.1838 | 0.6855 | 0.9928 | 1.4945 | 1.8018 | 2.3035 |
| Fibonacci | 0.1513 | 0.4604 | 0.6513 | 0.9603 | 1.2694 | 1.4603 | 1.7693 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.2840 | 0.3870 | 0.4440 | 0.5470 | 0.6040 | 0.7070 | 0.7640 |
| Camarilla | 0.4570 | 0.4717 | 0.4863 | 0.5010 | 0.5157 | 0.5303 | 0.5450 |
| Woodie | 0.2610 | 0.3755 | 0.4210 | 0.5355 | 0.5810 | 0.6955 | 0.7410 |
| Fibonacci | 0.3870 | 0.4481 | 0.4859 | 0.5470 | 0.6081 | 0.6459 | 0.7070 |
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): | 18.26 | |
| MACD (12,26,9): | -195.1260 | |
| Directional Movement: | -9.1760 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 233.1108 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.3959 | |
| Elder Ray (13): | 0.2500 | |
| Super Trend (3,10): | 13.9767 | |
| Zig ZAG (10): | 1.1800 | |
| VORTEX (21): | 1.0179 | |
| Stochastique (14,3,5): | 64.00 | |
| TEMA (21): | 763.8823 | |
| Williams %R (14): | -19.46 | |
| Chande Momentum Oscillator (20): | 0.8520 | |
| Repulse (5,40,3): | 43.0849 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -10.6159 | |
| Courbe Coppock: | 164.77 |
| MA7: | 0.7560 | |
| MA20: | 0.6227 | |
| MA50: | 0.5325 | |
| MA100: | 0.5184 | |
| MAexp7: | 0.8078 | |
| MAexp20: | 18.5393 | |
| MAexp50: | 15,484.8533 | |
| MAexp100: | 267,996.7839 | |
| Price / MA7: | +66.38% | |
| Price / MA20: | +101.99% | |
| Price / MA50: | +136.21% | |
| Price / MA100: | +142.63% | |
| Price / MAexp7: | +55.71% | |
| Price / MAexp20: | -93.22% | |
| Price / MAexp50: | -99.99% | |
| Price / MAexp100: | -100.00% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on TONNER DRONES at the time of the generation of this analysis was as follows:
- Delta Drone - Drawing of a tranche of ORNAN of €1 million in nominal value
- DELTA DRONE - Drawing of a tranche of ORNAN of €2.5 million in nominal value and significant reduction in potential dilution
- DELTA DRONE - Consolidation of Delta Drone shares to support a new stock market dynamic and reduce the volatility of the stock
- Suspension of the exercise of the BSAY in the context of the operations of consolidation of the shares of the company Delta Drone
- FY 2021: Delta Drone continues its development while having many high-value assets strengthening its financial situation
This member declared not having a position on this financial instrument or a related financial instrument.
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