EMOVA GROUP

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ALEMV
ISIN:	FR0013356755

EMOVA GROUP - Daily - Technical analysis published on 01/20/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

11%

My opinion

Bullish above 1.071 EUR

My targets

1.300 EUR (+16.07%)

1.520 EUR (+35.71%)

My analysis

The strong short-term increase for EMOVA GROUP reinforces the current slightly bullish trend. As long as the price remains above 1.071 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 1.300 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.520 EUR as an objective. Crossing it would then enable buyers to target 1.638 EUR. A return to 1.071 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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

5.4

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.

Additional analysis

Quotes

The EMOVA GROUP rating is 1.120 EUR. On the day, this instrument gained +17.65% with the lowest point at 0.948 EUR and the highest point at 1.140 EUR. The deviation from the price is +18.14% for the low point and -1.75% for the high point.

0.948

1.140

1.120

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EMOVA GROUP in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced 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 trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

White line without lower shadow

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.786	0.978	1.120	1.300	1.520	1.638
Change (%)	-29.82%	-12.68%	-	+16.07%	+35.71%	+46.25%
Change	-0.334	-0.142	-	+0.180	+0.400	+0.518
Level	Major	Minor	-	Intermediate	Intermediate	Intermediate

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	0.865	0.883	0.917	0.935	0.969	0.987	1.021
Camarilla	0.938	0.943	0.947	0.952	0.957	0.962	0.966
Woodie	0.874	0.887	0.926	0.939	0.978	0.991	1.030
Fibonacci	0.883	0.903	0.915	0.935	0.955	0.967	0.987

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.823	0.847	0.883	0.907	0.943	0.967	1.003
Camarilla	0.904	0.909	0.915	0.920	0.926	0.931	0.937
Woodie	0.830	0.850	0.890	0.910	0.950	0.970	1.010
Fibonacci	0.847	0.870	0.884	0.907	0.930	0.944	0.967

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.663	0.753	0.799	0.889	0.935	1.025	1.071
Camarilla	0.807	0.819	0.832	0.844	0.857	0.869	0.881
Woodie	0.640	0.742	0.776	0.878	0.912	1.014	1.048
Fibonacci	0.753	0.805	0.837	0.889	0.941	0.973	1.025

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):	73.45
MACD (12,26,9):	0.0190
Directional Movement:	35.390
AROON (14):	100.000
DEMA (21):	0.944
Parabolic SAR (0,02-0,02-0,2):	0.850
Elder Ray (13):	0.104
Super Trend (3,10):	0.906
Zig ZAG (10):	1.120
VORTEX (21):	0.9770
Stochastique (14,3,5):	97.69
TEMA (21):	0.971
Williams %R (14):	-6.94
Chande Momentum Oscillator (20):	0.240
Repulse (5,40,3):	22.9020
ROCnROLL:	1
TRIX (15,9):	0.0040
Courbe Coppock:	14.41

MA7:	0.949
MA20:	0.909
MA50:	0.911
MA100:	0.979
MAexp7:	0.969
MAexp20:	0.927
MAexp50:	0.934
MAexp100:	1.004
Price / MA7:	+18.02%
Price / MA20:	+23.21%
Price / MA50:	+22.94%
Price / MA100:	+14.40%
Price / MAexp7:	+15.58%
Price / MAexp20:	+20.82%
Price / MAexp50:	+19.91%
Price / MAexp100:	+11.55%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on EMOVA GROUP 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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