NX FILTRATION - 1H - Technical analysis published on 12/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 5.763 EUR
My targets
5.413 EUR (-3.85%)
5.120 EUR (-9.06%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 5.763 EUR remains possible. It is advisable to trade NX FILTRATION with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 5.763 EUR. The next bearish objective for sellers is set at 5.413 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.120 EUR. PS: if there is a bullish break in the resistance located at 5.763 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NX FILTRATION rating 5.630 EUR. The price registered an increase of +3.88% on the session and was between 5.550 EUR and 5.710 EUR. This implies that the price is at +1.44% from its lowest and at -1.40% from its highest.5.550
5.710
5.630
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of NX FILTRATION indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 5.120 | 5.630 | 5.940 | 6.350 | 6.600 |
| Change (%) | -9.06% | - | +5.51% | +12.79% | +17.23% |
| Change | -0.510 | - | +0.310 | +0.720 | +0.970 |
| Level | Intermediate | - | Major | Major | Minor |
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 | 4.800 | 4.960 | 5.190 | 5.350 | 5.580 | 5.740 | 5.970 |
| Camarilla | 5.313 | 5.349 | 5.384 | 5.420 | 5.456 | 5.492 | 5.527 |
| Woodie | 4.835 | 4.978 | 5.225 | 5.368 | 5.615 | 5.758 | 6.005 |
| Fibonacci | 4.960 | 5.109 | 5.201 | 5.350 | 5.499 | 5.591 | 5.740 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.763 | 5.937 | 6.053 | 6.227 | 6.343 | 6.517 | 6.633 |
| Camarilla | 6.090 | 6.117 | 6.143 | 6.170 | 6.197 | 6.223 | 6.250 |
| Woodie | 5.735 | 5.923 | 6.025 | 6.213 | 6.315 | 6.503 | 6.605 |
| Fibonacci | 5.937 | 6.047 | 6.116 | 6.227 | 6.337 | 6.406 | 6.517 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.827 | 5.413 | 5.817 | 6.403 | 6.807 | 7.393 | 7.797 |
| Camarilla | 5.948 | 6.039 | 6.129 | 6.220 | 6.311 | 6.402 | 6.492 |
| Woodie | 4.735 | 5.368 | 5.725 | 6.358 | 6.715 | 7.348 | 7.705 |
| Fibonacci | 5.413 | 5.792 | 6.025 | 6.403 | 6.782 | 7.015 | 7.393 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.09 | |
| MACD (12,26,9): | -0.0390 | |
| Directional Movement: | -0.406 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 5.474 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.312 | |
| Elder Ray (13): | 0.078 | |
| Super Trend (3,10): | 5.373 | |
| Zig ZAG (10): | 5.610 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 83.83 | |
| TEMA (21): | 5.558 | |
| Williams %R (14): | -18.00 | |
| Chande Momentum Oscillator (20): | 0.280 | |
| Repulse (5,40,3): | -0.5540 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2540 | |
| Courbe Coppock: | 7.88 |
| MA7: | 5.793 | |
| MA20: | 6.147 | |
| MA50: | 6.336 | |
| MA100: | 7.517 | |
| MAexp7: | 5.583 | |
| MAexp20: | 5.558 | |
| MAexp50: | 5.730 | |
| MAexp100: | 5.934 | |
| Price / MA7: | -2.81% | |
| Price / MA20: | -8.41% | |
| Price / MA50: | -11.14% | |
| Price / MA100: | -25.10% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +1.30% | |
| Price / MAexp50: | -1.75% | |
| Price / MAexp100: | -5.12% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
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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