X-FAB

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	XFAB
ISIN:	BE0974310428

X-FAB - 1H - Technical analysis published on 04/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 7.039 EUR

My targets

7.183 EUR (+1.53%)

7.575 EUR (+7.07%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on X-FAB as long as the price remains well above 7.039 EUR. The buyers' bullish objective is set at 7.183 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.575 EUR. If there is any crossing, the next objective would be the resistance located at 8.330 EUR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.7

Comment on the analysis

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 X-FAB price is 7.075 EUR. The price registered an increase of +7.69% on the session and was traded between 6.800 EUR and 7.110 EUR over the period. The price is currently at +4.04% from its lowest and -0.49% from its highest.

6.800

7.110

7.075

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by X-FAB:

The Central Records scanner for higher/lower results shows the following items:

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

Technical

Technical analysis of X-FAB in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

White line without lower shadow

Type : Bullish

Timeframe : 1 hour

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.710	6.867	7.039	7.075	7.183	7.575	8.330
Change (%)	-5.16%	-2.94%	-0.51%	-	+1.53%	+7.07%	+17.74%
Change	-0.365	-0.208	-0.036	-	+0.108	+0.500	+1.255
Level	Minor	Intermediate	Minor	-	Major	Minor	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	6.267	6.383	6.477	6.593	6.687	6.803	6.897
Camarilla	6.512	6.532	6.551	6.570	6.589	6.609	6.628
Woodie	6.255	6.378	6.465	6.588	6.675	6.798	6.885
Fibonacci	6.383	6.464	6.513	6.593	6.674	6.723	6.803

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.770	6.150	6.340	6.720	6.910	7.290	7.480
Camarilla	6.373	6.426	6.478	6.530	6.582	6.635	6.687
Woodie	5.675	6.103	6.245	6.673	6.815	7.243	7.385
Fibonacci	6.150	6.368	6.502	6.720	6.938	7.072	7.290

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.527	6.158	6.587	7.218	7.647	8.278	8.707
Camarilla	6.724	6.821	6.918	7.015	7.112	7.209	7.307
Woodie	5.425	6.108	6.485	7.168	7.545	8.228	8.605
Fibonacci	6.158	6.563	6.813	7.218	7.623	7.873	8.278

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):	74.58
MACD (12,26,9):	-0.0080
Directional Movement:	39.379
AROON (14):	35.714
DEMA (21):	6.606
Parabolic SAR (0,02-0,02-0,2):	6.500
Elder Ray (13):	0.309
Super Trend (3,10):	6.636
Zig ZAG (10):	7.040
VORTEX (21):	0.9170
Stochastique (14,3,5):	52.73
TEMA (21):	6.651
Williams %R (14):	-4.24
Chande Momentum Oscillator (20):	0.440
Repulse (5,40,3):	3.9750
ROCnROLL:	1
TRIX (15,9):	-0.1070
Courbe Coppock:	0.72

MA7:	6.745
MA20:	6.921
MA50:	7.183
MA100:	8.367
MAexp7:	6.679
MAexp20:	6.636
MAexp50:	6.714
MAexp100:	6.815
Price / MA7:	+4.89%
Price / MA20:	+2.23%
Price / MA50:	-1.50%
Price / MA100:	-15.44%
Price / MAexp7:	+5.93%
Price / MAexp20:	+6.62%
Price / MAexp50:	+5.38%
Price / MAexp100:	+3.82%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on X-FAB at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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