AB SCIENCE - 1H - Technical analysis published on 02/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 6.433 EUR
My targets
6.652 EUR (+1.25%)
6.885 EUR (+4.79%)
My analysis
AB SCIENCE 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 6.433 EUR. The next resistance located at 6.652 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 6.885 EUR. After this resistance, buyers could then target 7.000 EUR.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AB SCIENCE price is 6.570 EUR. The price has increased by +4.29% since the last closing with the lowest point at 6.315 EUR and the highest point at 6.690 EUR. The deviation from the price is +4.04% for the low point and -1.79% for the high point.6.315
6.690
6.570
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
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 AB SCIENCE in 1H shows an overall bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
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 | 4.825 | 5.600 | 6.160 | 6.570 | 6.652 | 6.885 | 7.000 |
| Change (%) | -26.56% | -14.76% | -6.24% | - | +1.25% | +4.79% | +6.54% |
| Change | -1.745 | -0.970 | -0.410 | - | +0.082 | +0.315 | +0.430 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | 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 | 5.980 | 6.140 | 6.220 | 6.380 | 6.460 | 6.620 | 6.700 |
| Camarilla | 6.234 | 6.256 | 6.278 | 6.300 | 6.322 | 6.344 | 6.366 |
| Woodie | 5.940 | 6.120 | 6.180 | 6.360 | 6.420 | 6.600 | 6.660 |
| Fibonacci | 6.140 | 6.232 | 6.288 | 6.380 | 6.472 | 6.528 | 6.620 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.877 | 6.043 | 6.267 | 6.433 | 6.657 | 6.823 | 7.047 |
| Camarilla | 6.383 | 6.419 | 6.454 | 6.490 | 6.526 | 6.562 | 6.597 |
| Woodie | 5.905 | 6.058 | 6.295 | 6.448 | 6.685 | 6.838 | 7.075 |
| Fibonacci | 6.043 | 6.192 | 6.284 | 6.433 | 6.582 | 6.674 | 6.823 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.632 | 5.423 | 5.877 | 6.668 | 7.122 | 7.913 | 8.367 |
| Camarilla | 5.988 | 6.102 | 6.216 | 6.330 | 6.444 | 6.558 | 6.672 |
| Woodie | 4.463 | 5.339 | 5.708 | 6.584 | 6.953 | 7.829 | 8.198 |
| Fibonacci | 5.423 | 5.899 | 6.193 | 6.668 | 7.144 | 7.438 | 7.913 |
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): | 61.63 | |
| MACD (12,26,9): | 0.0310 | |
| Directional Movement: | 21.975 | |
| AROON (14): | 14.285 | |
| DEMA (21): | 6.486 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.323 | |
| Elder Ray (13): | 0.117 | |
| Super Trend (3,10): | 6.335 | |
| Zig ZAG (10): | 6.600 | |
| VORTEX (21): | 0.9390 | |
| Stochastique (14,3,5): | 64.53 | |
| TEMA (21): | 6.512 | |
| Williams %R (14): | -23.08 | |
| Chande Momentum Oscillator (20): | 0.200 | |
| Repulse (5,40,3): | -0.1920 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0170 | |
| Courbe Coppock: | 1.67 |
| MA7: | 6.426 | |
| MA20: | 6.583 | |
| MA50: | 6.970 | |
| MA100: | 7.535 | |
| MAexp7: | 6.510 | |
| MAexp20: | 6.455 | |
| MAexp50: | 6.437 | |
| MAexp100: | 6.483 | |
| Price / MA7: | +2.24% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | -5.74% | |
| Price / MA100: | -12.81% | |
| Price / MAexp7: | +0.92% | |
| Price / MAexp20: | +1.78% | |
| Price / MAexp50: | +2.07% | |
| Price / MAexp100: | +1.34% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on AB SCIENCE at the time of the generation of this analysis was as follows:
- AB Science announces the drawdown of the second tranche of 6 million euros under its financing agreement with the European Investment Bank
- AB Science has received approval from the U.S. Food and Drug Administration (FDA) to initiate the confirmatory Phase 3 study with masitinib in the treatment of progressive multiple sclerosis
- Masitinib receives orphan drug status for the treatment of amyotrophic lateral sclerosis in Switzerland
- AB Science announces the drawdown of the first tranche of 6 million euros under its financing agreement with the European Investment Bank
- AB Science receives first agencies authorizations to initiate confirmatory Phase 3 clinical study with masitinib in the treatment of Alzheimer’s disease
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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