EVERGREEN

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	EGR
ISIN:	FR0000035784

EVERGREEN - Daily - Technical analysis published on 10/18/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 1.600 EUR

My targets

1.200 EUR (-13.04%)

1.020 EUR (-26.09%)

My analysis

EVERGREEN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.600 EUR. The next support located at 1.200 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.020 EUR. Below this support, sellers could then target 0.566 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.9

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EVERGREEN price is 1.380 EUR. The price has increased by +2.99% since the last closing with the lowest point at 1.335 EUR and the highest point at 1.380 EUR. The deviation from the price is +3.37% for the low point and 0% for the high point.

1.335

1.380

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EVERGREEN in Daily shows a overall strongly 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.

In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

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 : Daily

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 horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	R1	Price	R2	R3
ProTrendLines	0.566	1.380	1.380	1.681	2.050
Change (%)	-58.99%	0%	-	+21.81%	+48.55%
Change	-0.814	0	-	+0.301	+0.670
Level	Intermediate	Major	-	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.285	1.310	1.325	1.350	1.365	1.390	1.405
Camarilla	1.329	1.333	1.336	1.340	1.344	1.347	1.351
Woodie	1.280	1.308	1.320	1.348	1.360	1.388	1.400
Fibonacci	1.310	1.325	1.335	1.350	1.365	1.375	1.390

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.127	1.313	1.407	1.593	1.687	1.873	1.967
Camarilla	1.423	1.449	1.474	1.500	1.526	1.551	1.577
Woodie	1.080	1.290	1.360	1.570	1.640	1.850	1.920
Fibonacci	1.313	1.420	1.486	1.593	1.700	1.766	1.873

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.020	1.200	1.420	1.600	1.820	2.000	2.220
Camarilla	1.530	1.567	1.603	1.640	1.677	1.713	1.750
Woodie	1.040	1.210	1.440	1.610	1.840	2.010	2.240
Fibonacci	1.200	1.353	1.447	1.600	1.753	1.847	2.000

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):	39.06
MACD (12,26,9):	-0.0690
Directional Movement:	-15.866
AROON (14):	-78.571
DEMA (21):	1.457
Parabolic SAR (0,02-0,02-0,2):	1.716
Elder Ray (13):	-0.135
Super Trend (3,10):	1.645
Zig ZAG (10):	1.380
VORTEX (21):	0.8620
Stochastique (14,3,5):	3.58
TEMA (21):	1.402
Williams %R (14):	-90.32
Chande Momentum Oscillator (20):	-0.420
Repulse (5,40,3):	-3.3850
ROCnROLL:	2
TRIX (15,9):	-0.2870
Courbe Coppock:	18.38

MA7:	1.413
MA20:	1.555
MA50:	1.613
MA100:	1.691
MAexp7:	1.428
MAexp20:	1.532
MAexp50:	1.603
MAexp100:	1.696
Price / MA7:	-2.34%
Price / MA20:	-11.25%
Price / MA50:	-14.45%
Price / MA100:	-18.39%
Price / MAexp7:	-3.36%
Price / MAexp20:	-9.92%
Price / MAexp50:	-13.91%
Price / MAexp100:	-18.63%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on EVERGREEN. At the time of publication of this analysis, the latest news was as follows:

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

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