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 - Daily - Technical analysis published on 03/03/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Neutral

Technical indicators

22%

61%

17%

My opinion

Bearish under 4.659 EUR

My targets

4.123 EUR (-9.48%)

4.030 EUR (-11.53%)

My analysis

The current short-term bearish acceleration registered on X-FAB should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 4.659 EUR. Short-term sellers will use the support located at 4.123 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 4.030 EUR. Crossing this support would then open the door for sellers to target 3.455 EUR. Caution, if there is a return to below 4.659 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

FORCE

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The X-FAB price is 4.555 EUR. On the day, this instrument gained +4.95% and was between 4.400 EUR and 4.625 EUR. This implies that the price is at +3.52% from its lowest and at -1.51% from its highest.

4.400

4.625

4.555

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this X-FAB chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	3.455	4.030	4.555	4.659	5.144	5.450
Change (%)	-24.15%	-11.53%	-	+2.28%	+12.93%	+19.65%
Change	-1.100	-0.525	-	+0.104	+0.589	+0.895
Level	Intermediate	Major	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.910	4.080	4.210	4.380	4.510	4.680	4.810
Camarilla	4.258	4.285	4.313	4.340	4.368	4.395	4.423
Woodie	3.890	4.070	4.190	4.370	4.490	4.670	4.790
Fibonacci	4.080	4.195	4.265	4.380	4.495	4.565	4.680

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.548	3.907	4.123	4.482	4.698	5.057	5.273
Camarilla	4.182	4.235	4.287	4.340	4.393	4.445	4.498
Woodie	3.478	3.871	4.053	4.446	4.628	5.021	5.203
Fibonacci	3.907	4.126	4.262	4.482	4.701	4.837	5.057

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.895	3.080	3.710	4.895	5.525	6.710	7.340
Camarilla	3.841	4.007	4.174	4.340	4.506	4.673	4.839
Woodie	1.618	2.941	3.433	4.756	5.248	6.571	7.063
Fibonacci	3.080	3.773	4.202	4.895	5.588	6.017	6.710

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):	41.87
MACD (12,26,9):	-0.1730
Directional Movement:	-8.404
AROON (14):	-92.857
DEMA (21):	4.715
Parabolic SAR (0,02-0,02-0,2):	4.978
Elder Ray (13):	-0.235
Super Trend (3,10):	5.272
Zig ZAG (10):	4.525
VORTEX (21):	0.8350
Stochastique (14,3,5):	9.64
TEMA (21):	4.416
Williams %R (14):	-81.54
Chande Momentum Oscillator (20):	-0.955
Repulse (5,40,3):	-0.6880
ROCnROLL:	2
TRIX (15,9):	-0.1080
Courbe Coppock:	39.83

MA7:	4.496
MA20:	5.150
MA50:	4.864
MA100:	4.477
MAexp7:	4.567
MAexp20:	4.864
MAexp50:	4.827
MAexp100:	4.639
Price / MA7:	+1.31%
Price / MA20:	-11.55%
Price / MA50:	-6.35%
Price / MA100:	+1.74%
Price / MAexp7:	-0.26%
Price / MAexp20:	-6.35%
Price / MAexp50:	-5.63%
Price / MAexp100:	-1.81%

News

The last news published on X-FAB at the time of the generation of this analysis was as follows:

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

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