AB SCIENCE - Daily - Technical analysis published on 10/02/2023 (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
39%
44%
17%
My opinion
Bearish under 2.652 EUR
My targets
2.208 EUR (-10.05%)
1.903 EUR (-22.47%)
My analysis
AB SCIENCE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.652 EUR. The next support located at 2.208 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.903 EUR. Below this support, sellers could then target 1.717 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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 2.455 EUR. The price registered an increase of +3.37% on the session and was traded between 2.430 EUR and 2.470 EUR over the period. The price is currently at +1.03% from its lowest and -0.61% from its highest.2.430
2.470
2.455
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
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on AB SCIENCE were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of AB SCIENCE in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 3 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 2.455 | 2.795 | 3.223 | 3.890 |
| Change (%) | - | +13.85% | +31.28% | +58.45% |
| Change | - | +0.340 | +0.768 | +1.435 |
| Level | - | Intermediate | Major | Intermediate |
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 | 2.123 | 2.192 | 2.283 | 2.352 | 2.443 | 2.512 | 2.603 |
| Camarilla | 2.331 | 2.346 | 2.360 | 2.375 | 2.390 | 2.404 | 2.419 |
| Woodie | 2.135 | 2.198 | 2.295 | 2.358 | 2.455 | 2.518 | 2.615 |
| Fibonacci | 2.192 | 2.253 | 2.291 | 2.352 | 2.413 | 2.451 | 2.512 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.903 | 2.042 | 2.208 | 2.347 | 2.513 | 2.652 | 2.818 |
| Camarilla | 2.291 | 2.319 | 2.347 | 2.375 | 2.403 | 2.431 | 2.459 |
| Woodie | 1.918 | 2.049 | 2.223 | 2.354 | 2.528 | 2.659 | 2.833 |
| Fibonacci | 2.042 | 2.158 | 2.230 | 2.347 | 2.463 | 2.535 | 2.652 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.063 | 1.058 | 1.717 | 2.838 | 3.497 | 4.618 | 5.277 |
| Camarilla | 1.886 | 2.049 | 2.212 | 2.375 | 2.538 | 2.701 | 2.865 |
| Woodie | -0.295 | 0.943 | 1.485 | 2.723 | 3.265 | 4.503 | 5.045 |
| Fibonacci | 1.058 | 1.738 | 2.158 | 2.838 | 3.518 | 3.938 | 4.618 |
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): | 39.46 | |
| MACD (12,26,9): | -0.2370 | |
| Directional Movement: | -9.199 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 2.268 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.726 | |
| Elder Ray (13): | -0.119 | |
| Super Trend (3,10): | 2.807 | |
| Zig ZAG (10): | 2.375 | |
| VORTEX (21): | 0.8610 | |
| Stochastique (14,3,5): | 12.51 | |
| TEMA (21): | 2.232 | |
| Williams %R (14): | -72.73 | |
| Chande Momentum Oscillator (20): | -0.165 | |
| Repulse (5,40,3): | 1.4420 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0740 | |
| Courbe Coppock: | 41.10 |
| MA7: | 2.340 | |
| MA20: | 2.624 | |
| MA50: | 3.061 | |
| MA100: | 3.659 | |
| MAexp7: | 2.352 | |
| MAexp20: | 2.581 | |
| MAexp50: | 3.033 | |
| MAexp100: | 3.715 | |
| Price / MA7: | +4.91% | |
| Price / MA20: | -6.44% | |
| Price / MA50: | -19.80% | |
| Price / MA100: | -32.91% | |
| Price / MAexp7: | +4.38% | |
| Price / MAexp20: | -4.88% | |
| Price / MAexp50: | -19.06% | |
| Price / MAexp100: | -33.92% |
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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