PHAXIAM TX - 1H - Technical analysis published on 08/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.4213 EUR
My targets
0.4787 EUR (+3.61%)
0.5485 EUR (+18.72%)
My analysis
PHAXIAM TX is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.4213 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.4787 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.5485 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.5660 EUR. Beware of a possible return to under the support located at 0.4213 EUR which would be the sign of a correction of the bullish excesses registered in the short term.
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
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PHAXIAM TX price is 0.4620 EUR. The price has increased by +18.46% since the last closing with the lowest point at 0.4000 EUR and the highest point at 0.5970 EUR. The deviation from the price is +15.50% for the low point and -22.61% for the high point.0.4000
0.5970
0.4620
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PHAXIAM TX:
Technical
Technical analysis of PHAXIAM TX in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.3380 | 0.4620 | 0.4622 | 0.5660 | 0.6026 |
| Change (%) | -26.84% | - | +0.04% | +22.51% | +30.43% |
| Change | -0.1240 | - | +0.0002 | +0.1040 | +0.1406 |
| Level | Major | - | Minor | Minor | Major |
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 | 0.3517 | 0.3633 | 0.3767 | 0.3883 | 0.4017 | 0.4133 | 0.4267 |
| Camarilla | 0.3831 | 0.3854 | 0.3877 | 0.3900 | 0.3923 | 0.3946 | 0.3969 |
| Woodie | 0.3525 | 0.3638 | 0.3775 | 0.3888 | 0.4025 | 0.4138 | 0.4275 |
| Fibonacci | 0.3633 | 0.3729 | 0.3788 | 0.3883 | 0.3979 | 0.4038 | 0.4133 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1667 | 0.2653 | 0.3227 | 0.4213 | 0.4787 | 0.5773 | 0.6347 |
| Camarilla | 0.3371 | 0.3514 | 0.3657 | 0.3800 | 0.3943 | 0.4086 | 0.4229 |
| Woodie | 0.1460 | 0.2550 | 0.3020 | 0.4110 | 0.4580 | 0.5670 | 0.6140 |
| Fibonacci | 0.2653 | 0.3249 | 0.3617 | 0.4213 | 0.4809 | 0.5177 | 0.5773 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1985 | 0.3300 | 0.4170 | 0.5485 | 0.6355 | 0.7670 | 0.8540 |
| Camarilla | 0.4439 | 0.4639 | 0.4840 | 0.5040 | 0.5240 | 0.5441 | 0.5641 |
| Woodie | 0.1763 | 0.3189 | 0.3948 | 0.5374 | 0.6133 | 0.7559 | 0.8318 |
| Fibonacci | 0.3300 | 0.4135 | 0.4650 | 0.5485 | 0.6320 | 0.6835 | 0.7670 |
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): | 60.91 | |
| MACD (12,26,9): | 0.0305 | |
| Directional Movement: | 34.3486 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 0.4798 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.4677 | |
| Elder Ray (13): | 0.0210 | |
| Super Trend (3,10): | 0.4595 | |
| Zig ZAG (10): | 0.4800 | |
| VORTEX (21): | 1.1653 | |
| Stochastique (14,3,5): | 53.28 | |
| TEMA (21): | 0.5104 | |
| Williams %R (14): | -53.92 | |
| Chande Momentum Oscillator (20): | 0.0980 | |
| Repulse (5,40,3): | -3.2587 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7290 | |
| Courbe Coppock: | 57.81 |
| MA7: | 0.4103 | |
| MA20: | 0.5309 | |
| MA50: | 0.6679 | |
| MA100: | 0.7782 | |
| MAexp7: | 0.4820 | |
| MAexp20: | 0.4460 | |
| MAexp50: | 0.4318 | |
| MAexp100: | 0.4623 | |
| Price / MA7: | +12.60% | |
| Price / MA20: | -12.98% | |
| Price / MA50: | -30.83% | |
| Price / MA100: | -40.63% | |
| Price / MAexp7: | -4.15% | |
| Price / MAexp20: | +3.59% | |
| Price / MAexp50: | +6.99% | |
| Price / MAexp100: | -0.06% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on PHAXIAM TX at the time of the generation of this analysis was as follows:
- Monthly information related to total number of voting rights and shares composing the share capital _July 31, 2023
- Phaxiam Therapeutics announces its new mnemonic code on Euronext and Nasdaq: PHXM
- ERYTECH and PHERECYDES announce merger and name change to PHAXIAM Therapeutics
- ERYTECH announces the approval of the merger with Pherecydes and reports the results of the Combined Shareholder’s Meeting held on June 23, 2023
- ERYTECH announces that Akkadian has initiated proceedings to postpone the vote on the merger with Pherecydes
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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