AFYREN - 1H - Technical analysis published on 04/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.900 EUR
My targets
1.972 EUR (+0.87%)
2.040 EUR (+4.35%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AFYREN as long as the price remains well above 1.900 EUR. The buyers' bullish objective is set at 1.972 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.040 EUR. If there is any crossing, the next objective would be the resistance located at 2.140 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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 pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AFYREN rating 1.955 EUR. On the day, this instrument gained +1.30% with the lowest point at 1.955 EUR and the highest point at 1.980 EUR. The deviation from the price is 0% for the low point and -1.26% for the high point.1.955
1.980
1.955
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of AFYREN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.563 | 1.786 | 1.900 | 1.955 | 1.972 | 2.040 | 2.140 |
| Change (%) | -20.05% | -8.64% | -2.81% | - | +0.87% | +4.35% | +9.46% |
| Change | -0.392 | -0.169 | -0.055 | - | +0.017 | +0.085 | +0.185 |
| Level | Minor | Minor | Minor | - | Major | Minor | Intermediate |
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 | 1.828 | 1.867 | 1.898 | 1.937 | 1.968 | 2.007 | 2.038 |
| Camarilla | 1.911 | 1.917 | 1.924 | 1.930 | 1.936 | 1.943 | 1.949 |
| Woodie | 1.825 | 1.865 | 1.895 | 1.935 | 1.965 | 2.005 | 2.035 |
| Fibonacci | 1.867 | 1.893 | 1.910 | 1.937 | 1.963 | 1.980 | 2.007 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.582 | 1.683 | 1.792 | 1.893 | 2.002 | 2.103 | 2.212 |
| Camarilla | 1.842 | 1.862 | 1.881 | 1.900 | 1.919 | 1.939 | 1.958 |
| Woodie | 1.585 | 1.685 | 1.795 | 1.895 | 2.005 | 2.105 | 2.215 |
| Fibonacci | 1.683 | 1.764 | 1.813 | 1.893 | 1.974 | 2.023 | 2.103 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.755 | 1.080 | 1.490 | 1.815 | 2.225 | 2.550 | 2.960 |
| Camarilla | 1.698 | 1.765 | 1.833 | 1.900 | 1.967 | 2.035 | 2.102 |
| Woodie | 0.798 | 1.101 | 1.533 | 1.836 | 2.268 | 2.571 | 3.003 |
| Fibonacci | 1.080 | 1.361 | 1.534 | 1.815 | 2.096 | 2.269 | 2.550 |
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): | 55.05 | |
| MACD (12,26,9): | 0.0140 | |
| Directional Movement: | 4.482 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 1.954 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.924 | |
| Elder Ray (13): | 0.024 | |
| Super Trend (3,10): | 1.875 | |
| Zig ZAG (10): | 1.955 | |
| VORTEX (21): | 0.9820 | |
| Stochastique (14,3,5): | 80.69 | |
| TEMA (21): | 1.956 | |
| Williams %R (14): | -31.25 | |
| Chande Momentum Oscillator (20): | 0.055 | |
| Repulse (5,40,3): | -1.9020 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0780 | |
| Courbe Coppock: | 4.75 |
| MA7: | 1.923 | |
| MA20: | 1.691 | |
| MA50: | 1.775 | |
| MA100: | 2.060 | |
| MAexp7: | 1.953 | |
| MAexp20: | 1.937 | |
| MAexp50: | 1.900 | |
| MAexp100: | 1.822 | |
| Price / MA7: | +1.66% | |
| Price / MA20: | +15.61% | |
| Price / MA50: | +10.14% | |
| Price / MA100: | -5.10% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.93% | |
| Price / MAexp50: | +2.89% | |
| Price / MAexp100: | +7.30% |
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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