AB SCIENCE - Daily - Technical analysis published on 04/27/2023 (GMT)
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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%
6%
39%
My opinion
Bullish above 6.19 EUR
My targets
6.65 EUR (+6.06%)
7.30 EUR (+16.43%)
My analysis
The strong short-term increase in AB SCIENCE calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 6.19 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 6.65 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.30 EUR as an objective. Crossing it would then enable buyers to target 8.45 EUR. Caution, a return under 6.19 EUR could jeopardize the reversal.
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
2
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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 rating is 6.27 EUR. The price has increased by +7.00% since the last closing and was traded between 6.02 EUR and 6.30 EUR over the period. The price is currently at +4.15% from its lowest and -0.48% from its highest.6.02
6.30
6.27
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
Technical
Technical analysis of this Daily chart of AB SCIENCE indicates that the overall trend is slightly bearish. 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 Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3.22 | 4.83 | 5.59 | 6.27 | 6.65 | 7.30 | 8.45 |
| Change (%) | -48.64% | -22.97% | -10.85% | - | +6.06% | +16.43% | +34.77% |
| Change | -3.05 | -1.44 | -0.68 | - | +0.38 | +1.03 | +2.18 |
| Level | Major | Intermediate | Major | - | Major | Major | 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 | 5.64 | 5.73 | 5.79 | 5.88 | 5.94 | 6.03 | 6.09 |
| Camarilla | 5.82 | 5.83 | 5.85 | 5.86 | 5.87 | 5.89 | 5.90 |
| Woodie | 5.64 | 5.72 | 5.79 | 5.87 | 5.94 | 6.02 | 6.09 |
| Fibonacci | 5.73 | 5.78 | 5.82 | 5.88 | 5.93 | 5.97 | 6.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.96 | 6.09 | 6.27 | 6.40 | 6.58 | 6.71 | 6.89 |
| Camarilla | 6.36 | 6.38 | 6.41 | 6.44 | 6.47 | 6.50 | 6.53 |
| Woodie | 5.98 | 6.10 | 6.29 | 6.41 | 6.60 | 6.72 | 6.91 |
| Fibonacci | 6.09 | 6.21 | 6.29 | 6.40 | 6.52 | 6.60 | 6.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.67 | 4.68 | 5.18 | 6.19 | 6.69 | 7.70 | 8.20 |
| Camarilla | 5.28 | 5.41 | 5.55 | 5.69 | 5.83 | 5.97 | 6.11 |
| Woodie | 3.43 | 4.55 | 4.94 | 6.06 | 6.45 | 7.57 | 7.96 |
| Fibonacci | 4.68 | 5.25 | 5.61 | 6.19 | 6.76 | 7.12 | 7.70 |
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): | 53.25 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 11.66 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 6.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.68 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 5.65 | |
| Zig ZAG (10): | 6.27 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 37.60 | |
| TEMA (21): | 6.16 | |
| Williams %R (14): | -41.44 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 1.9600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 12.74 |
| MA7: | 6.16 | |
| MA20: | 6.03 | |
| MA50: | 6.23 | |
| MA100: | 6.55 | |
| MAexp7: | 6.12 | |
| MAexp20: | 6.12 | |
| MAexp50: | 6.26 | |
| MAexp100: | 6.62 | |
| Price / MA7: | +1.79% | |
| Price / MA20: | +3.98% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | -4.27% | |
| Price / MAexp7: | +2.45% | |
| Price / MAexp20: | +2.45% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | -5.29% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on AB SCIENCE at the time of the analysis were as follows:
- AB Science announces the success of its capital increase by private placement for an amount of 15 million euros
- AB Science announces masitinib patent granted in Japan for the treatment of amyotrophic lateral sclerosis, strengthening the Company’s intellectual property position until 2037
- AB Science: Results of masitinib in ALS selected for a scientific platform presentation at the AAN 2023, including long-term survival analysis and a new analysis of patient population with no complete loss of function at baseline
- AB Science announces that it has submitted its response to the day 120 questions in the EMA regulatory review of masitinib in amyotrophic lateral sclerosis and clarifies the new timeline for responding to Health Canada
- AB Science reports a first complete bone marrow response in a relapsed refractory acute myeloid leukemia patient from the very low dose arm of its AB8939 Phase I/II clinical trial (AB18001)
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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