FORVIA - Daily - Technical analysis published on 11/14/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 17.808 EUR
My targets
15.052 EUR (-9.11%)
11.880 EUR (-28.26%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FORVIA as long as the price remains well below 17.808 EUR. The next bearish objective for sellers is set at 15.052 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.880 EUR. If there is any crossing, the next objective would be the support located at 9.526 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.1
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 FORVIA rating is 16.560 EUR. The price has increased by +3.96% since the last closing and was between 16.130 EUR and 16.615 EUR. This implies that the price is at +2.67% from its lowest and at -0.33% from its highest.16.130
16.615
16.560
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:
Technical
Technical analysis of FORVIA in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 9.526 | 15.052 | 16.560 | 17.808 | 20.604 | 23.448 |
| Change (%) | -42.48% | -9.11% | - | +7.54% | +24.42% | +41.59% |
| Change | -7.034 | -1.508 | - | +1.248 | +4.044 | +6.888 |
| Level | Major | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.203 | 15.447 | 15.688 | 15.932 | 16.173 | 16.417 | 16.658 |
| Camarilla | 15.797 | 15.841 | 15.886 | 15.930 | 15.975 | 16.019 | 16.063 |
| Woodie | 15.203 | 15.446 | 15.688 | 15.931 | 16.173 | 16.416 | 16.658 |
| Fibonacci | 15.447 | 15.632 | 15.746 | 15.932 | 16.117 | 16.231 | 16.417 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.237 | 13.898 | 14.827 | 16.488 | 17.417 | 19.078 | 20.007 |
| Camarilla | 15.043 | 15.280 | 15.518 | 15.755 | 15.992 | 16.230 | 16.467 |
| Woodie | 11.870 | 13.715 | 14.460 | 16.305 | 17.050 | 18.895 | 19.640 |
| Fibonacci | 13.898 | 14.888 | 15.499 | 16.488 | 17.478 | 18.089 | 19.078 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.770 | 11.880 | 13.860 | 16.970 | 18.950 | 22.060 | 24.040 |
| Camarilla | 14.440 | 14.907 | 15.373 | 15.840 | 16.307 | 16.773 | 17.240 |
| Woodie | 8.205 | 11.598 | 13.295 | 16.688 | 18.385 | 21.778 | 23.475 |
| Fibonacci | 11.880 | 13.824 | 15.026 | 16.970 | 18.914 | 20.116 | 22.060 |
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): | 47.63 | |
| MACD (12,26,9): | -0.3740 | |
| Directional Movement: | -4.158 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 15.970 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.047 | |
| Elder Ray (13): | -0.027 | |
| Super Trend (3,10): | 15.674 | |
| Zig ZAG (10): | 16.535 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 34.28 | |
| TEMA (21): | 16.218 | |
| Williams %R (14): | -51.27 | |
| Chande Momentum Oscillator (20): | 1.070 | |
| Repulse (5,40,3): | 0.4880 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4300 | |
| Courbe Coppock: | 5.79 |
| MA7: | 16.469 | |
| MA20: | 16.227 | |
| MA50: | 17.845 | |
| MA100: | 19.737 | |
| MAexp7: | 16.344 | |
| MAexp20: | 16.563 | |
| MAexp50: | 17.617 | |
| MAexp100: | 18.631 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +2.05% | |
| Price / MA50: | -7.20% | |
| Price / MA100: | -16.10% | |
| Price / MAexp7: | +1.32% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -6.00% | |
| Price / MAexp100: | -11.12% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on FORVIA at the time of the generation of this analysis was as follows:
- Total number of voting rights and shares forming the share capital
- FORVIA AND CUMMINS SUCCESSFULLY COMPLETE DEAL TRANSFERRING FORVIA S COMMERCIAL VEHICLE BUSINESS IN EUROPE AND NORTH AMERICA TO CUMMINS
- Total number of voting rights and shares forming the share capital
- AVAILABILITY OF THE FINANCIAL REPORT FOR THE FIRST HALF OF 2023
- Total number of voting rights and shares forming the share capital
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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