FORVIA - 1H - Technical analysis published on 01/06/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 8.909 EUR
My targets
9.219 EUR (+2.64%)
9.414 EUR (+4.81%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FORVIA as long as the price remains well above 8.909 EUR. The buyers' bullish objective is set at 9.219 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.414 EUR. If there is any crossing, the next objective would be the resistance located at 11.353 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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 rating is 8.982 EUR. The price registered an increase of +6.42% on the session with the lowest point at 8.558 EUR and the highest point at 9.164 EUR. The deviation from the price is +4.95% for the low point and -1.99% for the high point.8.558
9.164
8.982
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 FORVIA:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FORVIA in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.448 | 8.685 | 8.909 | 8.982 | 9.219 | 9.414 | 11.353 |
| Change (%) | -5.95% | -3.31% | -0.81% | - | +2.64% | +4.81% | +26.40% |
| Change | -0.534 | -0.297 | -0.073 | - | +0.237 | +0.432 | +2.371 |
| Level | Minor | Minor | Intermediate | - | 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 | 7.984 | 8.212 | 8.326 | 8.554 | 8.668 | 8.896 | 9.010 |
| Camarilla | 8.346 | 8.377 | 8.409 | 8.440 | 8.471 | 8.503 | 8.534 |
| Woodie | 7.927 | 8.184 | 8.269 | 8.526 | 8.611 | 8.868 | 8.953 |
| Fibonacci | 8.212 | 8.343 | 8.423 | 8.554 | 8.685 | 8.765 | 8.896 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.811 | 8.125 | 8.283 | 8.597 | 8.755 | 9.069 | 9.227 |
| Camarilla | 8.310 | 8.354 | 8.397 | 8.440 | 8.483 | 8.527 | 8.570 |
| Woodie | 7.732 | 8.086 | 8.204 | 8.558 | 8.676 | 9.030 | 9.148 |
| Fibonacci | 8.125 | 8.306 | 8.417 | 8.597 | 8.778 | 8.889 | 9.069 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.631 | 6.539 | 7.609 | 8.517 | 9.587 | 10.495 | 11.565 |
| Camarilla | 8.136 | 8.317 | 8.499 | 8.680 | 8.861 | 9.043 | 9.224 |
| Woodie | 5.713 | 6.580 | 7.691 | 8.558 | 9.669 | 10.536 | 11.647 |
| Fibonacci | 6.539 | 7.294 | 7.761 | 8.517 | 9.272 | 9.739 | 10.495 |
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): | 65.65 | |
| MACD (12,26,9): | 0.0460 | |
| Directional Movement: | 25.588 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 8.799 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.520 | |
| Elder Ray (13): | 0.244 | |
| Super Trend (3,10): | 8.628 | |
| Zig ZAG (10): | 9.020 | |
| VORTEX (21): | 1.0580 | |
| Stochastique (14,3,5): | 85.87 | |
| TEMA (21): | 8.829 | |
| Williams %R (14): | -25.41 | |
| Chande Momentum Oscillator (20): | 0.376 | |
| Repulse (5,40,3): | 1.2530 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 2.22 |
| MA7: | 8.653 | |
| MA20: | 8.699 | |
| MA50: | 8.547 | |
| MA100: | 8.662 | |
| MAexp7: | 8.841 | |
| MAexp20: | 8.703 | |
| MAexp50: | 8.642 | |
| MAexp100: | 8.597 | |
| Price / MA7: | +3.80% | |
| Price / MA20: | +3.25% | |
| Price / MA50: | +5.09% | |
| Price / MA100: | +3.69% | |
| Price / MAexp7: | +1.59% | |
| Price / MAexp20: | +3.21% | |
| Price / MAexp50: | +3.93% | |
| Price / MAexp100: | +4.48% |
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:
- FORVIA: Total number of voting rights and shares forming the share capital
- CANCEL AND REPLACE - AVAILABILITY OF THE FINANCIAL REPORT FOR THE FIRST HALF OF 2024
- H1 2024 RESULTS
- FORVIA: Share Buyback Transaction Statement From 06 May 2024 to 10 May 2024
- FORVIA: 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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