AB SCIENCE - Daily - Technical analysis published on 09/20/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 2.742 EUR
My targets
2.393 EUR (-2.91%)
2.193 EUR (-11.02%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AB SCIENCE as long as the price remains well below 2.742 EUR. The sellers' bearish objective is set at 2.393 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.193 EUR. In case of crossing, the next objective would be the support located at 1.657 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AB SCIENCE rating 2.465 EUR. The price registered an increase of +2.07% on the session and was between 2.310 EUR and 2.470 EUR. This implies that the price is at +6.71% from its lowest and at -0.20% from its highest.2.310
2.470
2.465
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AB SCIENCE:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on AB SCIENCE were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this AB SCIENCE chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed 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.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 2.465 | 2.795 | 3.223 | 3.890 |
| Change (%) | - | +13.39% | +30.75% | +57.81% |
| Change | - | +0.330 | +0.758 | +1.425 |
| Level | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.062 | 2.238 | 2.327 | 2.503 | 2.592 | 2.768 | 2.857 |
| Camarilla | 2.342 | 2.366 | 2.391 | 2.415 | 2.439 | 2.464 | 2.488 |
| Woodie | 2.018 | 2.216 | 2.283 | 2.481 | 2.548 | 2.746 | 2.813 |
| Fibonacci | 2.238 | 2.340 | 2.402 | 2.503 | 2.605 | 2.667 | 2.768 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.793 | 2.142 | 2.393 | 2.742 | 2.993 | 3.342 | 3.593 |
| Camarilla | 2.480 | 2.535 | 2.590 | 2.645 | 2.700 | 2.755 | 2.810 |
| Woodie | 1.745 | 2.118 | 2.345 | 2.718 | 2.945 | 3.318 | 3.545 |
| Fibonacci | 2.142 | 2.371 | 2.513 | 2.742 | 2.971 | 3.113 | 3.342 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.657 | 2.193 | 3.047 | 3.583 | 4.437 | 4.973 | 5.827 |
| Camarilla | 3.518 | 3.645 | 3.773 | 3.900 | 4.027 | 4.155 | 4.282 |
| Woodie | 1.815 | 2.273 | 3.205 | 3.663 | 4.595 | 5.053 | 5.985 |
| Fibonacci | 2.193 | 2.724 | 3.052 | 3.583 | 4.114 | 4.442 | 4.973 |
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): | 36.94 | |
| MACD (12,26,9): | -0.2260 | |
| Directional Movement: | -10.116 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 2.543 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.542 | |
| Elder Ray (13): | -0.326 | |
| Super Trend (3,10): | 3.130 | |
| Zig ZAG (10): | 2.470 | |
| VORTEX (21): | 0.9050 | |
| Stochastique (14,3,5): | 3.43 | |
| TEMA (21): | 2.508 | |
| Williams %R (14): | -90.61 | |
| Chande Momentum Oscillator (20): | -0.550 | |
| Repulse (5,40,3): | -13.8430 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8150 | |
| Courbe Coppock: | 33.15 |
| MA7: | 2.558 | |
| MA20: | 2.890 | |
| MA50: | 3.293 | |
| MA100: | 3.880 | |
| MAexp7: | 2.582 | |
| MAexp20: | 2.834 | |
| MAexp50: | 3.257 | |
| MAexp100: | 3.916 | |
| Price / MA7: | -3.64% | |
| Price / MA20: | -14.71% | |
| Price / MA50: | -25.14% | |
| Price / MA100: | -36.47% | |
| Price / MAexp7: | -4.53% | |
| Price / MAexp20: | -13.02% | |
| Price / MAexp50: | -24.32% | |
| Price / MAexp100: | -37.05% |
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 provides an update on the EMA timetable for examination of the masitinib marketing authorization application in ALS
- AB Science announces issuance of a Canadian patent for masitinib in the treatment of ALS with protection until 2037
- AB Science summarizes key messages from its participation to a panel discussion at the 2023 ALS Drug Development Summit
- AB Science - Summary of the presentation on masitinib in ALS delivered at 2023 AAN Annual Meeting
- AB Science announces the success of its capital increase by private placement for an amount of 15 million euros
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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