AFYREN - Daily - Technical analysis published on 08/29/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 2.75 EUR
My targets
3.05 EUR (+0.43%)
3.35 EUR (+10.20%)
My analysis
AFYREN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.75 EUR. The next resistance located at 3.05 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.35 EUR. After this resistance, buyers could then target 4.03 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AFYREN price is 3.04 EUR. The price has increased by +8.57% since the last closing and was traded between 2.98 EUR and 3.09 EUR over the period. The price is currently at +2.01% from its lowest and -1.62% from its highest.2.98
3.09
3.04
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this AFYREN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
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:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.78 | 2.15 | 2.75 | 3.04 | 3.06 | 3.35 | 4.03 |
| Change (%) | -41.45% | -29.28% | -9.54% | - | +0.66% | +10.20% | +32.57% |
| Change | -1.26 | -0.89 | -0.29 | - | +0.02 | +0.31 | +0.99 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 2.72 | 2.73 | 2.77 | 2.78 | 2.82 | 2.83 | 2.87 |
| Camarilla | 2.79 | 2.79 | 2.80 | 2.80 | 2.81 | 2.81 | 2.81 |
| Woodie | 2.73 | 2.74 | 2.78 | 2.79 | 2.83 | 2.84 | 2.88 |
| Fibonacci | 2.73 | 2.75 | 2.76 | 2.78 | 2.80 | 2.81 | 2.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.48 | 2.55 | 2.67 | 2.74 | 2.86 | 2.93 | 3.05 |
| Camarilla | 2.75 | 2.77 | 2.78 | 2.80 | 2.82 | 2.84 | 2.85 |
| Woodie | 2.52 | 2.56 | 2.71 | 2.75 | 2.90 | 2.94 | 3.09 |
| Fibonacci | 2.55 | 2.62 | 2.66 | 2.74 | 2.81 | 2.85 | 2.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.36 | 1.08 | 2.00 | 2.72 | 3.64 | 4.36 | 5.28 |
| Camarilla | 2.46 | 2.61 | 2.76 | 2.91 | 3.06 | 3.21 | 3.36 |
| Woodie | 0.45 | 1.13 | 2.09 | 2.77 | 3.73 | 4.41 | 5.37 |
| Fibonacci | 1.08 | 1.71 | 2.10 | 2.72 | 3.35 | 3.74 | 4.36 |
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): | 63.57 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 9.93 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 2.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.56 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 2.62 | |
| Zig ZAG (10): | 3.05 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 70.76 | |
| TEMA (21): | 2.84 | |
| Williams %R (14): | -10.42 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | 4.8100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 4.61 |
| MA7: | 2.80 | |
| MA20: | 2.76 | |
| MA50: | 2.57 | |
| MA100: | 2.50 | |
| MAexp7: | 2.84 | |
| MAexp20: | 2.78 | |
| MAexp50: | 2.65 | |
| MAexp100: | 2.54 | |
| Price / MA7: | +8.57% | |
| Price / MA20: | +10.14% | |
| Price / MA50: | +18.29% | |
| Price / MA100: | +21.60% | |
| Price / MAexp7: | +7.04% | |
| Price / MAexp20: | +9.35% | |
| Price / MAexp50: | +14.72% | |
| Price / MAexp100: | +19.69% |
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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