FORVIA

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	FRVIA
ISIN:	FR0000121147

FORVIA - 1H - Technical analysis published on 02/21/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 14.565 EUR

My targets

11.585 EUR (-15.41%)

9.526 EUR (-30.44%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on FORVIA. As long as you are under the resistance located at 14.565 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 11.585 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 9.526 EUR as an objective. If the resistance 14.565 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.4

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 FORVIA price is 13.695 EUR. The price registered an increase of +8.01% on the session and was between 12.350 EUR and 13.790 EUR. This implies that the price is at +10.89% from its lowest and at -0.69% from its highest.

12.350

13.790

13.695

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Abnormal volumes on FORVIA were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this 1H chart of FORVIA indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	9.526	13.695	15.052	15.261	15.980
Change (%)	-30.44%	-	+9.91%	+11.43%	+16.68%
Change	-4.169	-	+1.357	+1.566	+2.285
Level	Major	-	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	9.650	10.910	11.795	13.055	13.940	15.200	16.085
Camarilla	12.090	12.287	12.483	12.680	12.877	13.073	13.270
Woodie	9.463	10.816	11.608	12.961	13.753	15.106	15.898
Fibonacci	10.910	11.729	12.236	13.055	13.874	14.381	15.200

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.565	14.950	15.510	15.895	16.455	16.840	17.400
Camarilla	15.810	15.897	15.983	16.070	16.157	16.243	16.330
Woodie	14.653	14.994	15.598	15.939	16.543	16.884	17.488
Fibonacci	14.950	15.311	15.534	15.895	16.256	16.479	16.840

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.910	11.585	13.820	17.495	19.730	23.405	25.640
Camarilla	14.430	14.972	15.513	16.055	16.597	17.139	17.680
Woodie	7.190	11.225	13.100	17.135	19.010	23.045	24.920
Fibonacci	11.585	13.843	15.237	17.495	19.753	21.147	23.405

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	46.27
MACD (12,26,9):	-0.4870
Directional Movement:	-4.178
AROON (14):	-35.714
DEMA (21):	12.886
Parabolic SAR (0,02-0,02-0,2):	12.436
Elder Ray (13):	0.332
Super Trend (3,10):	13.709
Zig ZAG (10):	13.670
VORTEX (21):	0.7280
Stochastique (14,3,5):	68.84
TEMA (21):	12.851
Williams %R (14):	-29.14
Chande Momentum Oscillator (20):	1.050
Repulse (5,40,3):	3.2740
ROCnROLL:	-1
TRIX (15,9):	-0.6890
Courbe Coppock:	11.01

MA7:	14.749
MA20:	15.383
MA50:	17.746
MA100:	17.445
MAexp7:	13.367
MAexp20:	13.605
MAexp50:	14.449
MAexp100:	15.056
Price / MA7:	-7.15%
Price / MA20:	-10.97%
Price / MA50:	-22.83%
Price / MA100:	-21.50%
Price / MAexp7:	+2.45%
Price / MAexp20:	+0.66%
Price / MAexp50:	-5.22%
Price / MAexp100:	-9.04%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on FORVIA. 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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Londinia AI

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