FORVIA

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	FRVIA
ISIN:	FR0000121147

FORVIA - Daily - Technical analysis published on 10/23/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

56%

22%

My opinion

Bullish above 8.955 EUR

My targets

9.219 EUR (+1.55%)

11.067 EUR (+21.91%)

My analysis

The strong short-term increase in FORVIA calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 8.955 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 9.219 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.067 EUR as an objective. Crossing it would then enable buyers to target 12.266 EUR. Caution, a return under 8.955 EUR could jeopardize the reversal.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

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.

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Additional analysis

Quotes

The FORVIA price is 9.078 EUR. On the day, this instrument gained +2.72% and was between 8.710 EUR and 9.120 EUR. This implies that the price is at +4.23% from its lowest and at -0.46% from its highest.

8.710

9.120

9.078

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FORVIA:

Technical

Technical analysis of FORVIA in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 4 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	7.958	9.078	9.219	12.266	13.482
Change (%)	-12.34%	-	+1.55%	+35.12%	+48.51%
Change	-1.120	-	+0.141	+3.188	+4.404
Level	Major	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.912	8.122	8.480	8.690	9.048	9.258	9.616
Camarilla	8.682	8.734	8.786	8.838	8.890	8.942	8.994
Woodie	7.986	8.159	8.554	8.727	9.122	9.295	9.690
Fibonacci	8.122	8.339	8.473	8.690	8.907	9.041	9.258

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.462	6.942	7.452	7.932	8.442	8.922	9.432
Camarilla	7.690	7.781	7.871	7.962	8.053	8.144	8.234
Woodie	6.477	6.950	7.467	7.940	8.457	8.930	9.447
Fibonacci	6.942	7.320	7.554	7.932	8.310	8.544	8.922

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.923	6.843	8.035	8.955	10.147	11.067	12.259
Camarilla	8.647	8.841	9.034	9.228	9.422	9.615	9.809
Woodie	6.060	6.911	8.172	9.023	10.284	11.135	12.396
Fibonacci	6.843	7.650	8.148	8.955	9.762	10.260	11.067

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):	56.45
MACD (12,26,9):	-0.0990
Directional Movement:	5.886
AROON (14):	-64.286
DEMA (21):	8.311
Parabolic SAR (0,02-0,02-0,2):	7.422
Elder Ray (13):	0.439
Super Trend (3,10):	7.435
Zig ZAG (10):	9.044
VORTEX (21):	0.9750
Stochastique (14,3,5):	76.97
TEMA (21):	8.427
Williams %R (14):	-5.21
Chande Momentum Oscillator (20):	0.456
Repulse (5,40,3):	8.8900
ROCnROLL:	-1
TRIX (15,9):	-0.2690
Courbe Coppock:	10.16

MA7:	8.249
MA20:	8.587
MA50:	8.787
MA100:	9.925
MAexp7:	8.498
MAexp20:	8.478
MAexp50:	8.924
MAexp100:	10.011
Price / MA7:	+10.05%
Price / MA20:	+5.72%
Price / MA50:	+3.31%
Price / MA100:	-8.53%
Price / MAexp7:	+6.83%
Price / MAexp20:	+7.08%
Price / MAexp50:	+1.73%
Price / MAexp100:	-9.32%

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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