AFYREN - Weekly - Technical analysis published on 02/21/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1.860 EUR
My targets
1.675 EUR (-1.47%)
1.428 EUR (-15.98%)
My analysis
The bearish trend is currently very strong for AFYREN. As long as the price remains below the resistance at 1.860 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.675 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.428 EUR as an objective. Crossing it would then enable sellers to target 1.047 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AFYREN rating 1.700 EUR. The price is lower by -4.76% over the 5 days and has been traded over the last 5 days between 1.600 EUR and 1.770 EUR. This implies that the 5 day price is +6.25% from its lowest point and -3.95% from its highest point.1.600
1.770
1.700
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of AFYREN in Weekly shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : Weekly
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.700 | 1.860 | 4.030 | 5.796 |
| Change (%) | - | +9.41% | +137.06% | +240.94% |
| Change | - | +0.160 | +2.330 | +4.096 |
| Level | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.602 | 1.623 | 1.642 | 1.663 | 1.682 | 1.703 | 1.722 |
| Camarilla | 1.649 | 1.653 | 1.656 | 1.660 | 1.664 | 1.667 | 1.671 |
| Woodie | 1.600 | 1.623 | 1.640 | 1.663 | 1.680 | 1.703 | 1.720 |
| Fibonacci | 1.623 | 1.639 | 1.648 | 1.663 | 1.679 | 1.688 | 1.703 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.055 | 1.280 | 1.450 | 1.675 | 1.845 | 2.070 | 2.240 |
| Camarilla | 1.511 | 1.548 | 1.584 | 1.620 | 1.656 | 1.692 | 1.729 |
| Woodie | 1.028 | 1.266 | 1.423 | 1.661 | 1.818 | 2.056 | 2.213 |
| Fibonacci | 1.280 | 1.431 | 1.524 | 1.675 | 1.826 | 1.919 | 2.070 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.047 | 1.428 | 1.707 | 2.088 | 2.367 | 2.748 | 3.027 |
| Camarilla | 1.804 | 1.864 | 1.925 | 1.985 | 2.046 | 2.106 | 2.167 |
| Woodie | 0.995 | 1.403 | 1.655 | 2.063 | 2.315 | 2.723 | 2.975 |
| Fibonacci | 1.428 | 1.681 | 1.836 | 2.088 | 2.341 | 2.496 | 2.748 |
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): | 19.42 | |
| MACD (12,26,9): | -0.7260 | |
| Directional Movement: | -25.680 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 1.579 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.130 | |
| Elder Ray (13): | -0.487 | |
| Super Trend (3,10): | 2.606 | |
| Zig ZAG (10): | 1.660 | |
| VORTEX (21): | 0.5680 | |
| Stochastique (14,3,5): | 7.18 | |
| TEMA (21): | 1.390 | |
| Williams %R (14): | -90.10 | |
| Chande Momentum Oscillator (20): | -0.750 | |
| Repulse (5,40,3): | -22.5840 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -2.7950 | |
| Courbe Coppock: | 80.01 |
| MA7: | 1.689 | |
| MA20: | 1.897 | |
| MA50: | 1.986 | |
| MA100: | 2.674 | |
| MAexp7: | 1.881 | |
| MAexp20: | 2.549 | |
| MAexp50: | 3.748 | |
| MAexp100: | 5.091 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | -10.38% | |
| Price / MA50: | -14.40% | |
| Price / MA100: | -36.42% | |
| Price / MAexp7: | -9.62% | |
| Price / MAexp20: | -33.31% | |
| Price / MAexp50: | -54.64% | |
| Price / MAexp100: | -66.61% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on AFYREN. At the time of publication of this analysis, the latest news was as follows:
- AFYREN Announces Its 2023 Half-Year Financial Results
- AFYREN’s Shareholders Approve the Resolutions Proposed at 2023 Annual General Meeting
- Production Operations at AFYREN NEOXY Plant Make Significant Progress, With First Lots Delivered
- AFYREN: Availability of preparatory documents for the Combined General Meeting on June 21, 2023
- AFYREN Launches a Share Buyback Program
This member declared not having a position on this financial instrument or a related financial instrument.
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