VALNEVA SEEO -.15 - Weekly - Technical analysis published on 07/17/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 4.124 EUR
My targets
3.061 EUR (-12.94%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VALNEVA SEEO -.15 as long as the price remains well below 4.124 EUR. The next bearish objective for sellers is set at 3.061 EUR. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.3
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This analysis was given by seedoublejuu. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VALNEVA SEEO -.15 price is 3.516 EUR. The price is up +4.15% over 5 days and has been traded over the last 5 days between 3.324 EUR and 3.530 EUR. This implies that the 5 day price is +5.78% from its lowest point and -0.40% from its highest point.3.324
3.530
3.516
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of VALNEVA SEEO -.15 in Weekly shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Weekly
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.061 | 3.516 | 7.306 | 17.750 | 22.460 |
| Change (%) | -12.94% | - | +107.79% | +404.84% | +538.79% |
| Change | -0.455 | - | +3.790 | +14.234 | +18.944 |
| Level | Major | - | Intermediate | Intermediate | 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 | 3.263 | 3.331 | 3.395 | 3.463 | 3.527 | 3.595 | 3.659 |
| Camarilla | 3.424 | 3.436 | 3.448 | 3.460 | 3.472 | 3.484 | 3.496 |
| Woodie | 3.262 | 3.330 | 3.394 | 3.462 | 3.526 | 3.594 | 3.658 |
| Fibonacci | 3.331 | 3.381 | 3.412 | 3.463 | 3.513 | 3.544 | 3.595 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.952 | 3.074 | 3.252 | 3.374 | 3.552 | 3.674 | 3.852 |
| Camarilla | 3.348 | 3.375 | 3.403 | 3.430 | 3.458 | 3.485 | 3.513 |
| Woodie | 2.980 | 3.088 | 3.280 | 3.388 | 3.580 | 3.688 | 3.880 |
| Fibonacci | 3.074 | 3.189 | 3.259 | 3.374 | 3.489 | 3.559 | 3.674 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.768 | 2.444 | 2.946 | 3.622 | 4.124 | 4.800 | 5.302 |
| Camarilla | 3.124 | 3.232 | 3.340 | 3.448 | 3.556 | 3.664 | 3.772 |
| Woodie | 1.681 | 2.401 | 2.859 | 3.579 | 4.037 | 4.757 | 5.215 |
| Fibonacci | 2.444 | 2.894 | 3.172 | 3.622 | 4.072 | 4.350 | 4.800 |
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): | 45.15 | |
| MACD (12,26,9): | -0.2660 | |
| Directional Movement: | 3.461 | |
| AROON (14): | -14.286 | |
| DEMA (21): | 3.264 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.121 | |
| Elder Ray (13): | -0.113 | |
| Super Trend (3,10): | 4.473 | |
| Zig ZAG (10): | 3.518 | |
| VORTEX (21): | 0.9880 | |
| Stochastique (14,3,5): | 24.11 | |
| TEMA (21): | 3.388 | |
| Williams %R (14): | -66.21 | |
| Chande Momentum Oscillator (20): | 0.004 | |
| Repulse (5,40,3): | 6.2290 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0960 | |
| Courbe Coppock: | 6.20 |
| MA7: | 3.416 | |
| MA20: | 3.342 | |
| MA50: | 3.588 | |
| MA100: | 3.545 | |
| MAexp7: | 3.467 | |
| MAexp20: | 3.660 | |
| MAexp50: | 4.466 | |
| MAexp100: | 6.665 | |
| Price / MA7: | +2.93% | |
| Price / MA20: | +5.21% | |
| Price / MA50: | -2.01% | |
| Price / MA100: | -0.82% | |
| Price / MAexp7: | +1.41% | |
| Price / MAexp20: | -3.93% | |
| Price / MAexp50: | -21.27% | |
| Price / MAexp100: | -47.25% |
Quotes :
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15 min delayed data
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Germany Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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