GENFIT - 1H - Technical analysis published on 11/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 3.103 EUR
My targets
3.035 EUR (-1.46%)
2.983 EUR (-3.15%)
My analysis
In the short term, we can see an acceleration in the bearish trend on GENFIT, which is a positive signal for sellers. As long as the price remains above 3.103 EUR, a sale could be considered. The first bearish objective is located at 3.035 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.983 EUR as an objective. Crossing it would then enable sellers to target 2.853 EUR. If the price were to return above 3.103 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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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 GENFIT rating is 3.080 EUR. The price registered a decrease of -0.16% on the session with the lowest point at 3.030 EUR and the highest point at 3.140 EUR. The deviation from the price is +1.65% for the low point and -1.91% for the high point.3.030
3.140
3.080
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GENFIT in 1H shows an overall bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.853 | 2.983 | 3.035 | 3.080 | 3.103 | 3.159 | 3.285 |
| Change (%) | -7.37% | -3.15% | -1.46% | - | +0.75% | +2.56% | +6.66% |
| Change | -0.227 | -0.097 | -0.045 | - | +0.023 | +0.079 | +0.205 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 2.872 | 2.968 | 3.027 | 3.123 | 3.182 | 3.278 | 3.337 |
| Camarilla | 3.042 | 3.057 | 3.071 | 3.085 | 3.099 | 3.113 | 3.128 |
| Woodie | 2.853 | 2.959 | 3.008 | 3.114 | 3.163 | 3.269 | 3.318 |
| Fibonacci | 2.968 | 3.028 | 3.064 | 3.123 | 3.183 | 3.219 | 3.278 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.765 | 2.895 | 2.975 | 3.105 | 3.185 | 3.315 | 3.395 |
| Camarilla | 2.997 | 3.017 | 3.036 | 3.055 | 3.074 | 3.094 | 3.113 |
| Woodie | 2.740 | 2.883 | 2.950 | 3.093 | 3.160 | 3.303 | 3.370 |
| Fibonacci | 2.895 | 2.975 | 3.025 | 3.105 | 3.185 | 3.235 | 3.315 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.500 | 2.670 | 2.860 | 3.030 | 3.220 | 3.390 | 3.580 |
| Camarilla | 2.951 | 2.984 | 3.017 | 3.050 | 3.083 | 3.116 | 3.149 |
| Woodie | 2.510 | 2.675 | 2.870 | 3.035 | 3.230 | 3.395 | 3.590 |
| Fibonacci | 2.670 | 2.808 | 2.893 | 3.030 | 3.168 | 3.253 | 3.390 |
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): | 40.87 | |
| MACD (12,26,9): | -0.0240 | |
| Directional Movement: | -3.123 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 3.105 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.204 | |
| Elder Ray (13): | -0.049 | |
| Super Trend (3,10): | 3.215 | |
| Zig ZAG (10): | 3.080 | |
| VORTEX (21): | 0.8630 | |
| Stochastique (14,3,5): | 16.37 | |
| TEMA (21): | 3.075 | |
| Williams %R (14): | -79.59 | |
| Chande Momentum Oscillator (20): | -0.160 | |
| Repulse (5,40,3): | -0.1350 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0480 | |
| Courbe Coppock: | 8.68 |
| MA7: | 3.141 | |
| MA20: | 3.064 | |
| MA50: | 3.166 | |
| MA100: | 3.305 | |
| MAexp7: | 3.093 | |
| MAexp20: | 3.129 | |
| MAexp50: | 3.136 | |
| MAexp100: | 3.115 | |
| Price / MA7: | -1.94% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | -2.72% | |
| Price / MA100: | -6.81% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -1.57% | |
| Price / MAexp50: | -1.79% | |
| Price / MAexp100: | -1.12% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on GENFIT at the time of the generation of this analysis was as follows:
- GENFIT: Results from Ipsen’s ELATIVE® pivotal Phase III trial of elafibranor in PBC presented as late breaking data at AASLD congress and published in New England Journal of Medicine
- GENFIT Reports Third Quarter 2023 Financial Information
- GENFIT to Participate in Upcoming Investor Conferences
- GENFIT Announces New Data at the European Association for the Study of the Liver (EASL) Congress 2023
- GENFIT Further Strengthens its ACLF Franchise with a Third Clinical-Stage Asset
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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