EGIDE - Daily - Technical analysis published on 01/29/2024 (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
89%
0%
11%
My opinion
Bullish above 0.884 EUR
My targets
1.000 EUR (+3.20%)
1.067 EUR (+10.14%)
My analysis
The bullish trend is currently very strong on EGIDE. As long as the price remains above the support at 0.884 EUR, you could try to benefit from the boom. The first bullish objective is located at 1.000 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.067 EUR as an objective. Crossing it would then enable buyers to target 1.179 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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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 EGIDE price is 0.969 EUR. The price has increased by +4.19% since the last closing and was traded between 0.937 EUR and 0.990 EUR over the period. The price is currently at +3.42% from its lowest and -2.12% from its highest.0.937
0.990
0.969
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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
Abnormal volumes on EGIDE were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of EGIDE in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.741 | 0.771 | 0.884 | 0.969 | 1.179 | 1.410 | 1.691 |
Change (%) | -23.53% | -20.43% | -8.77% | - | +21.67% | +45.51% | +74.51% |
Change | -0.228 | -0.198 | -0.085 | - | +0.210 | +0.441 | +0.722 |
Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 0.797 | 0.823 | 0.877 | 0.903 | 0.957 | 0.983 | 1.037 |
Camarilla | 0.908 | 0.915 | 0.923 | 0.930 | 0.937 | 0.945 | 0.952 |
Woodie | 0.810 | 0.830 | 0.890 | 0.910 | 0.970 | 0.990 | 1.050 |
Fibonacci | 0.823 | 0.854 | 0.873 | 0.903 | 0.934 | 0.953 | 0.983 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.627 | 0.695 | 0.813 | 0.881 | 0.999 | 1.067 | 1.185 |
Camarilla | 0.879 | 0.896 | 0.913 | 0.930 | 0.947 | 0.964 | 0.981 |
Woodie | 0.651 | 0.708 | 0.837 | 0.894 | 1.023 | 1.080 | 1.209 |
Fibonacci | 0.695 | 0.766 | 0.810 | 0.881 | 0.952 | 0.996 | 1.067 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 68.19 | |
MACD (12,26,9): | 0.0530 | |
Directional Movement: | 25.209 | |
AROON (14): | 78.571 | |
DEMA (21): | 0.882 | |
Parabolic SAR (0,02-0,02-0,2): | 0.751 | |
Elder Ray (13): | 0.120 | |
Super Trend (3,10): | 0.759 | |
Zig ZAG (10): | 0.975 | |
VORTEX (21): | 1.1700 | |
Stochastique (14,3,5): | 80.64 | |
TEMA (21): | 0.905 | |
Williams %R (14): | -8.08 | |
Chande Momentum Oscillator (20): | 0.199 | |
Repulse (5,40,3): | 10.0990 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.8250 | |
Courbe Coppock: | 21.00 |
MA7: | 0.866 | |
MA20: | 0.807 | |
MA50: | 0.713 | |
MA100: | 0.664 | |
MAexp7: | 0.882 | |
MAexp20: | 0.812 | |
MAexp50: | 0.742 | |
MAexp100: | 0.708 | |
Price / MA7: | +11.89% | |
Price / MA20: | +20.07% | |
Price / MA50: | +35.90% | |
Price / MA100: | +45.93% | |
Price / MAexp7: | +9.86% | |
Price / MAexp20: | +19.33% | |
Price / MAexp50: | +30.59% | |
Price / MAexp100: | +36.86% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on EGIDE. At the time of publication of this analysis, the latest news was as follows:
- Egide: Successful capital increase with gross proceeds of 1.9 million euros
- Egide: launch of a new capital increase of approximately 1.9 million euros with preemptive subscription rights for shareholders
- Egide: RESULTS FOR THE 1ST HALF OF 2023 MARK EGIDE GROUP'S RECOVERY - cancels & replaces
- Egide: RESULTS FOR THE 1ST HALF OF 2023 MARK EGIDE GROUP'S RECOVERY
- Egide: Report on the Extraordinary General Meeting held on September 12, 2023 and Announcement of an upward threshold crossing
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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