EGIDE

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ALGID
ISIN:	FR0000072373

EGIDE - Daily - Technical analysis published on 01/24/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.800 EUR

My targets

0.884 EUR (+2.79%)

1.000 EUR (+16.28%)

My analysis

EGIDE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.800 EUR. The next resistance located at 0.884 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.000 EUR. After this resistance, buyers could then target 1.179 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

Force

8.6

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 pierrott. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EGIDE rating is 0.860 EUR. The price has increased by +7.64% since the last closing and was between 0.775 EUR and 0.880 EUR. This implies that the price is at +10.97% from its lowest and at -2.27% from its highest.

0.775

0.880

0.860

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EGIDE indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.771	0.800	0.849	0.860	0.884	1.179	1.410
Change (%)	-10.35%	-6.98%	-1.28%	-	+2.79%	+37.09%	+63.95%
Change	-0.089	-0.060	-0.011	-	+0.024	+0.319	+0.550
Level	Minor	Major	Intermediate	-	Major	Intermediate	Minor

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	0.741	0.756	0.778	0.793	0.815	0.830	0.852
Camarilla	0.789	0.792	0.796	0.799	0.802	0.806	0.809
Woodie	0.744	0.758	0.781	0.795	0.818	0.832	0.855
Fibonacci	0.756	0.771	0.779	0.793	0.808	0.816	0.830

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.648	0.690	0.745	0.787	0.842	0.884	0.939
Camarilla	0.772	0.781	0.790	0.799	0.808	0.817	0.826
Woodie	0.654	0.693	0.751	0.790	0.848	0.887	0.945
Fibonacci	0.690	0.727	0.750	0.787	0.824	0.847	0.884

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.436	0.519	0.624	0.707	0.812	0.895	1.000
Camarilla	0.677	0.695	0.712	0.729	0.746	0.764	0.781
Woodie	0.447	0.525	0.635	0.713	0.823	0.901	1.011
Fibonacci	0.519	0.591	0.635	0.707	0.779	0.823	0.895

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):	65.90
MACD (12,26,9):	0.0360
Directional Movement:	16.978
AROON (14):	100.000
DEMA (21):	0.821
Parabolic SAR (0,02-0,02-0,2):	0.730
Elder Ray (13):	0.036
Super Trend (3,10):	0.677
Zig ZAG (10):	0.880
VORTEX (21):	1.0860
Stochastique (14,3,5):	70.47
TEMA (21):	0.830
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.060
Repulse (5,40,3):	18.6150
ROCnROLL:	1
TRIX (15,9):	0.7210
Courbe Coppock:	14.80

MA7:	0.792
MA20:	0.781
MA50:	0.695
MA100:	0.659
MAexp7:	0.810
MAexp20:	0.774
MAexp50:	0.719
MAexp100:	0.694
Price / MA7:	+8.59%
Price / MA20:	+10.12%
Price / MA50:	+23.74%
Price / MA100:	+30.50%
Price / MAexp7:	+6.17%
Price / MAexp20:	+11.11%
Price / MAexp50:	+19.61%
Price / MAexp100:	+23.92%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on EGIDE at the time of the generation of this analysis was as follows:

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

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