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 09/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 9.219 EUR

My targets

9.926 EUR (+3.05%)

10.690 EUR (+10.98%)

My analysis

FORVIA 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 9.219 EUR. The next resistance located at 9.926 EUR is the next bullish target 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 10.690 EUR. After this resistance, buyers could then target 12.266 EUR.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

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 9.632 EUR. The price registered an increase of +4.22% on the session and was traded between 8.980 EUR and 9.650 EUR over the period. The price is currently at +7.26% from its lowest and -0.19% from its highest.

8.980

9.650

9.632

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

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

Technical

Technical analysis of this 1H chart of FORVIA indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.974	9.219	9.623	9.632	9.926	10.690	12.266
Change (%)	-6.83%	-4.29%	-0.09%	-	+3.05%	+10.98%	+27.35%
Change	-0.658	-0.413	-0.009	-	+0.294	+1.058	+2.634
Level	Minor	Major	Intermediate	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.961	9.055	9.149	9.243	9.337	9.431	9.525
Camarilla	9.190	9.208	9.225	9.242	9.259	9.277	9.294
Woodie	8.960	9.055	9.148	9.243	9.336	9.431	9.524
Fibonacci	9.055	9.127	9.172	9.243	9.315	9.360	9.431

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.150	8.642	8.942	9.434	9.734	10.226	10.526
Camarilla	9.024	9.097	9.169	9.242	9.315	9.387	9.460
Woodie	8.054	8.594	8.846	9.386	9.638	10.178	10.430
Fibonacci	8.642	8.945	9.132	9.434	9.737	9.924	10.226

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.368	7.544	8.393	9.569	10.418	11.594	12.443
Camarilla	8.685	8.871	9.056	9.242	9.428	9.613	9.799
Woodie	6.205	7.462	8.230	9.487	10.255	11.512	12.280
Fibonacci	7.544	8.318	8.796	9.569	10.343	10.821	11.594

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):	67.25
MACD (12,26,9):	0.0380
Directional Movement:	13.066
AROON (14):	50.000
DEMA (21):	9.377
Parabolic SAR (0,02-0,02-0,2):	9.126
Elder Ray (13):	0.234
Super Trend (3,10):	9.313
Zig ZAG (10):	9.632
VORTEX (21):	1.1720
Stochastique (14,3,5):	96.08
TEMA (21):	9.469
Williams %R (14):	-2.69
Chande Momentum Oscillator (20):	0.416
Repulse (5,40,3):	1.7300
ROCnROLL:	1
TRIX (15,9):	-0.0450
Courbe Coppock:	4.68

MA7:	9.477
MA20:	9.341
MA50:	10.241
MA100:	12.096
MAexp7:	9.466
MAexp20:	9.363
MAexp50:	9.395
MAexp100:	9.449
Price / MA7:	+1.64%
Price / MA20:	+3.12%
Price / MA50:	-5.95%
Price / MA100:	-20.37%
Price / MAexp7:	+1.75%
Price / MAexp20:	+2.87%
Price / MAexp50:	+2.52%
Price / MAexp100:	+1.94%

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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