AB SCIENCE - 1H - Technical analysis published on 06/18/2024 (GMT)
- 142
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.170 EUR
My targets
1.270 EUR (+6.19%)
1.440 EUR (+20.40%)
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 1.170 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1.270 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.440 EUR as an objective. Crossing it would then enable buyers to target 1.963 EUR. Caution, a return under 1.170 EUR could jeopardize the reversal.
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
3.2
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
The AB SCIENCE price is 1.196 EUR. The price has increased by +12.83% since the last closing with the lowest point at 1.060 EUR and the highest point at 1.200 EUR. The deviation from the price is +12.83% for the low point and -0.33% for the high point.1.060
1.200
1.196
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H 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 market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.002 | 1.125 | 1.196 | 1.963 | 2.153 | 2.285 |
| Change (%) | -16.22% | -5.94% | - | +64.13% | +80.02% | +91.05% |
| Change | -0.194 | -0.071 | - | +0.767 | +0.957 | +1.089 |
| Level | Intermediate | Minor | - | 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 | 0.945 | 0.973 | 1.017 | 1.045 | 1.089 | 1.117 | 1.161 |
| Camarilla | 1.040 | 1.047 | 1.053 | 1.060 | 1.067 | 1.073 | 1.080 |
| Woodie | 0.952 | 0.977 | 1.024 | 1.049 | 1.096 | 1.121 | 1.168 |
| Fibonacci | 0.973 | 1.001 | 1.018 | 1.045 | 1.073 | 1.090 | 1.117 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.730 | 0.900 | 1.000 | 1.170 | 1.270 | 1.440 | 1.540 |
| Camarilla | 1.026 | 1.051 | 1.075 | 1.100 | 1.125 | 1.150 | 1.174 |
| Woodie | 0.695 | 0.883 | 0.965 | 1.153 | 1.235 | 1.423 | 1.505 |
| Fibonacci | 0.900 | 1.003 | 1.067 | 1.170 | 1.273 | 1.337 | 1.440 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.343 | 1.603 | 1.776 | 2.036 | 2.209 | 2.469 | 2.642 |
| Camarilla | 1.831 | 1.871 | 1.910 | 1.950 | 1.990 | 2.029 | 2.069 |
| Woodie | 1.301 | 1.581 | 1.734 | 2.014 | 2.167 | 2.447 | 2.600 |
| Fibonacci | 1.603 | 1.768 | 1.870 | 2.036 | 2.201 | 2.303 | 2.469 |
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): | 67.27 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | 25.362 | |
| AROON (14): | 100.000 | |
| DEMA (21): | 1.111 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.037 | |
| Elder Ray (13): | 0.064 | |
| Super Trend (3,10): | 1.110 | |
| Zig ZAG (10): | 1.196 | |
| VORTEX (21): | 1.1190 | |
| Stochastique (14,3,5): | 97.46 | |
| TEMA (21): | 1.141 | |
| Williams %R (14): | -2.30 | |
| Chande Momentum Oscillator (20): | 0.138 | |
| Repulse (5,40,3): | 5.9680 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2010 | |
| Courbe Coppock: | 11.76 |
| MA7: | 1.169 | |
| MA20: | 1.570 | |
| MA50: | 1.865 | |
| MA100: | 2.355 | |
| MAexp7: | 1.142 | |
| MAexp20: | 1.114 | |
| MAexp50: | 1.155 | |
| MAexp100: | 1.288 | |
| Price / MA7: | +2.31% | |
| Price / MA20: | -23.82% | |
| Price / MA50: | -35.87% | |
| Price / MA100: | -49.21% | |
| Price / MAexp7: | +4.73% | |
| Price / MAexp20: | +7.36% | |
| Price / MAexp50: | +3.55% | |
| Price / MAexp100: | -7.14% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on AB SCIENCE. At the time of publication of this analysis, the latest news was as follows:
- AB Science is providing a summary of the live webcast held on May 30, 2024, giving an update on the application for conditional marketing authorization of masitinib in ALS
- AB Science provides an update on the application for conditional marketing authorisation of masitinib in ALS
- AB Science reports its revenues for the year 2023 and provides an update on its activities
- AB Science announces issuance of a European patent for masitinib in the treatment of severe mastocytosis with protection until 2036
- AB Science : A new publication in the medical journal Muscle & Nerve validates the use of the rate of decline of ALSFR-S score (ΔFS) for the design of clinical studies and the treatment choice for amyotrophic lateral sclerosis (ALS) patient
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis AB SCIENCE - 1H