AB SCIENCE - Daily - Technical analysis published on 03/13/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 2.652 EUR
My targets
2.440 EUR (-5.61%)
2.227 EUR (-13.85%)
My analysis
There is a bearish trend on AB SCIENCE both at the basic level and in the short term. A sale could be considered, so long as the price remains below 2.652 EUR. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 2.440 EUR. Then the price could move towards 2.227 EUR. Then 1.958 EUR by extension. Be careful, a return to above the resistance 2.652 EUR would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AB SCIENCE rating 2.585 EUR. The price has increased by +10.94% since the last closing and was between 2.290 EUR and 2.690 EUR. This implies that the price is at +12.88% from its lowest and at -3.90% from its highest.2.290
2.690
2.585
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this AB SCIENCE chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.958 | 2.227 | 2.585 | 2.652 | 3.223 | 3.855 |
| Change (%) | -24.26% | -13.85% | - | +2.59% | +24.68% | +49.13% |
| Change | -0.627 | -0.358 | - | +0.067 | +0.638 | +1.270 |
| Level | Minor | Major | - | Minor | Major | Major |
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 | 2.188 | 2.227 | 2.278 | 2.317 | 2.368 | 2.407 | 2.458 |
| Camarilla | 2.305 | 2.314 | 2.322 | 2.330 | 2.338 | 2.347 | 2.355 |
| Woodie | 2.195 | 2.230 | 2.285 | 2.320 | 2.375 | 2.410 | 2.465 |
| Fibonacci | 2.227 | 2.261 | 2.282 | 2.317 | 2.351 | 2.372 | 2.407 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.890 | 1.995 | 2.145 | 2.250 | 2.400 | 2.505 | 2.655 |
| Camarilla | 2.225 | 2.248 | 2.272 | 2.295 | 2.318 | 2.342 | 2.365 |
| Woodie | 1.913 | 2.006 | 2.168 | 2.261 | 2.423 | 2.516 | 2.678 |
| Fibonacci | 1.995 | 2.092 | 2.153 | 2.250 | 2.347 | 2.408 | 2.505 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.010 | 0.270 | 1.160 | 2.440 | 3.330 | 4.610 | 5.500 |
| Camarilla | 1.453 | 1.652 | 1.851 | 2.050 | 2.249 | 2.448 | 2.647 |
| Woodie | -1.205 | 0.173 | 0.965 | 2.343 | 3.135 | 4.513 | 5.305 |
| Fibonacci | 0.270 | 1.099 | 1.611 | 2.440 | 3.269 | 3.781 | 4.610 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.00 | |
| MACD (12,26,9): | -0.2550 | |
| Directional Movement: | -3.821 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 2.273 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.584 | |
| Elder Ray (13): | 0.026 | |
| Super Trend (3,10): | 2.751 | |
| Zig ZAG (10): | 2.635 | |
| VORTEX (21): | 0.9480 | |
| Stochastique (14,3,5): | 45.64 | |
| TEMA (21): | 2.127 | |
| Williams %R (14): | -43.90 | |
| Chande Momentum Oscillator (20): | -0.700 | |
| Repulse (5,40,3): | 12.6150 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.2910 | |
| Courbe Coppock: | 56.35 |
| MA7: | 2.293 | |
| MA20: | 2.707 | |
| MA50: | 3.117 | |
| MA100: | 2.995 | |
| MAexp7: | 2.373 | |
| MAexp20: | 2.603 | |
| MAexp50: | 2.905 | |
| MAexp100: | 3.056 | |
| Price / MA7: | +12.73% | |
| Price / MA20: | -4.51% | |
| Price / MA50: | -17.07% | |
| Price / MA100: | -13.69% | |
| Price / MAexp7: | +8.93% | |
| Price / MAexp20: | -0.69% | |
| Price / MAexp50: | -11.02% | |
| Price / MAexp100: | -15.41% |
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 that two financial analysis firms, DNA Finance and In Extenso Finance, have initiated coverage of the Company
- AB Science announces that Health Canada has issued a Notice of Non-Compliance-Withdrawal (NON/w) for masitinib in ALS
- AB Science announces an update in the marketing authorization application of masitinib in amyotrophic lateral sclerosis at the European Medicines Agency
- AB Science: The clinical development of masitinib in sickle cell disease is among the 19 winning projects under the sixth call for “Hospital-Inuversity Research in health (RHU)”
- AB Science provides an update on the EMA timetable for examination of the masitinib marketing authorization application in ALS
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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