X-FAB - 1H - Technical analysis published on 09/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 9.928 EUR
My targets
9.442 EUR (-2.86%)
9.060 EUR (-6.79%)
My analysis
The bearish trend is currently very strong for X-FAB. As long as the price remains below the resistance at 9.928 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 9.442 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.060 EUR as an objective. Crossing it would then enable sellers to target 8.306 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.8
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Additional analysis
Quotes
The X-FAB price is 9.720 EUR. On the day, this instrument lost -0.05% with the lowest point at 9.660 EUR and the highest point at 9.755 EUR. The deviation from the price is +0.62% for the low point and -0.36% for the high point.9.660
9.755
9.720
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by X-FAB:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this X-FAB chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.306 | 9.060 | 9.682 | 9.720 | 9.928 | 10.040 | 10.320 |
| Change (%) | -14.55% | -6.79% | -0.39% | - | +2.14% | +3.29% | +6.17% |
| Change | -1.414 | -0.660 | -0.038 | - | +0.208 | +0.320 | +0.600 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | 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 | 9.332 | 9.528 | 9.627 | 9.823 | 9.922 | 10.118 | 10.217 |
| Camarilla | 9.644 | 9.671 | 9.698 | 9.725 | 9.752 | 9.779 | 9.806 |
| Woodie | 9.283 | 9.504 | 9.578 | 9.799 | 9.873 | 10.094 | 10.168 |
| Fibonacci | 9.528 | 9.641 | 9.711 | 9.823 | 9.936 | 10.006 | 10.118 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.223 | 9.442 | 9.583 | 9.802 | 9.943 | 10.162 | 10.303 |
| Camarilla | 9.626 | 9.659 | 9.692 | 9.725 | 9.758 | 9.791 | 9.824 |
| Woodie | 9.185 | 9.423 | 9.545 | 9.783 | 9.905 | 10.143 | 10.265 |
| Fibonacci | 9.442 | 9.579 | 9.664 | 9.802 | 9.939 | 10.024 | 10.162 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.995 | 8.950 | 9.710 | 10.665 | 11.425 | 12.380 | 13.140 |
| Camarilla | 9.998 | 10.156 | 10.313 | 10.470 | 10.627 | 10.784 | 10.942 |
| Woodie | 7.898 | 8.901 | 9.613 | 10.616 | 11.328 | 12.331 | 13.043 |
| Fibonacci | 8.950 | 9.605 | 10.010 | 10.665 | 11.320 | 11.725 | 12.380 |
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): | 39.40 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | -14.302 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 9.854 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.004 | |
| Elder Ray (13): | -0.145 | |
| Super Trend (3,10): | 9.956 | |
| Zig ZAG (10): | 9.750 | |
| VORTEX (21): | 0.9680 | |
| Stochastique (14,3,5): | 11.17 | |
| TEMA (21): | 9.852 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | -0.055 | |
| Repulse (5,40,3): | -0.5610 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0220 | |
| Courbe Coppock: | 0.41 |
| MA7: | 9.804 | |
| MA20: | 10.124 | |
| MA50: | 10.347 | |
| MA100: | 9.608 | |
| MAexp7: | 9.820 | |
| MAexp20: | 9.853 | |
| MAexp50: | 9.878 | |
| MAexp100: | 9.980 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -3.99% | |
| Price / MA50: | -6.06% | |
| Price / MA100: | +1.17% | |
| Price / MAexp7: | -1.02% | |
| Price / MAexp20: | -1.35% | |
| Price / MAexp50: | -1.60% | |
| Price / MAexp100: | -2.61% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on X-FAB at the time of the generation of this analysis was as follows:
- X-FAB Second Quarter 2023 Results
- X-FAB Announces New Outlook Target
- X-FAB First Quarter 2023 Results
- X-FAB Fourth Quarter and Full Year 2022 Results
- X-FAB Third Quarter 2022 Results
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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