REDCARE PHARMACY INH. - 1H - Technical analysis published on 09/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 99.47 EUR
My targets
95.14 EUR (-1.88%)
87.63 EUR (-9.62%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on REDCARE PHARMACY INH. as long as the price remains well below 99.47 EUR. The sellers' bearish objective is set at 95.14 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 87.63 EUR. In case of crossing, the next objective would be the support located at 74.62 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
REDCARE PHARMACY INH. rating 96.96 EUR. The price registered a decrease of -0.02% on the session with the lowest point at 96.12 EUR and the highest point at 97.20 EUR. The deviation from the price is +0.87% for the low point and -0.25% for the high point.96.12
97.20
96.96
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this REDCARE PHARMACY INH. chart shows a sharp bearish trend. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.62 | 87.63 | 95.14 | 96.96 | 99.47 | 101.06 | 105.86 |
| Change (%) | -23.04% | -9.62% | -1.88% | - | +2.59% | +4.23% | +9.18% |
| Change | -22.34 | -9.33 | -1.82 | - | +2.51 | +4.10 | +8.90 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | 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 | 92.26 | 93.70 | 95.34 | 96.78 | 98.42 | 99.86 | 101.50 |
| Camarilla | 96.13 | 96.42 | 96.70 | 96.98 | 97.26 | 97.55 | 97.83 |
| Woodie | 92.36 | 93.75 | 95.44 | 96.83 | 98.52 | 99.91 | 101.60 |
| Fibonacci | 93.70 | 94.88 | 95.60 | 96.78 | 97.96 | 98.68 | 99.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.70 | 94.90 | 98.50 | 103.70 | 107.30 | 112.50 | 116.10 |
| Camarilla | 99.68 | 100.49 | 101.29 | 102.10 | 102.91 | 103.71 | 104.52 |
| Woodie | 88.90 | 94.50 | 97.70 | 103.30 | 106.50 | 112.10 | 115.30 |
| Fibonacci | 94.90 | 98.26 | 100.34 | 103.70 | 107.06 | 109.14 | 112.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.10 | 87.36 | 98.68 | 108.94 | 120.26 | 130.52 | 141.84 |
| Camarilla | 104.07 | 106.04 | 108.02 | 110.00 | 111.98 | 113.96 | 115.94 |
| Woodie | 77.63 | 87.63 | 99.21 | 109.21 | 120.79 | 130.79 | 142.37 |
| Fibonacci | 87.36 | 95.60 | 100.70 | 108.94 | 117.18 | 122.28 | 130.52 |
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): | 32.00 | |
| MACD (12,26,9): | -1.3300 | |
| Directional Movement: | -21.45 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 96.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 97.57 | |
| Elder Ray (13): | -0.94 | |
| Super Trend (3,10): | 99.13 | |
| Zig ZAG (10): | 96.36 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 22.95 | |
| TEMA (21): | 96.01 | |
| Williams %R (14): | -69.19 | |
| Chande Momentum Oscillator (20): | -0.64 | |
| Repulse (5,40,3): | -0.5900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 5.97 |
| MA7: | 100.30 | |
| MA20: | 104.17 | |
| MA50: | 106.73 | |
| MA100: | 100.06 | |
| MAexp7: | 96.75 | |
| MAexp20: | 98.04 | |
| MAexp50: | 100.37 | |
| MAexp100: | 102.80 | |
| Price / MA7: | -3.33% | |
| Price / MA20: | -6.92% | |
| Price / MA50: | -9.15% | |
| Price / MA100: | -3.10% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | -1.10% | |
| Price / MAexp50: | -3.40% | |
| Price / MAexp100: | -5.68% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on REDCARE PHARMACY INH.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: Redcare Pharmacy Q2 2023: While fast sales growth continues unabated at 46%, adj. EBITDA margin improved 5.3pp year over year to 3.2%. Company raises full-year guidance.
- EQS-News: Very successful quarter for Redcare Pharmacy N.V. with a further acceleration in sales growth.
- EQS-News: Welcome, Redcare Pharmacy: Official ticker-symbol change on the Frankfurt Stock Exchange and the new corporate site launch today.
- EQS-News: SHOP APOTHEKE EUROPE PROMOTED TO THE MDAX.
- EQS-Adhoc: Redcare Pharmacy N.V. (formerly SHOP APOTHEKE EUROPE N.V.): Termination of voting pool agreement.
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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