ENTECH - Daily - Technical analysis published on 05/03/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 6.20 EUR
My targets
7.22 EUR (+5.87%)
7.92 EUR (+16.13%)
My analysis
The strong short-term increase in ENTECH calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 6.20 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 7.22 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.92 EUR as an objective. Crossing it would then enable buyers to target 8.96 EUR. Caution, a return under 6.20 EUR could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.2
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Additional analysis
Quotes
The ENTECH rating is 6.82 EUR. The price has increased by +10.71% since the last closing and was between 6.48 EUR and 7.00 EUR. This implies that the price is at +5.25% from its lowest and at -2.57% from its highest.6.48
7.00
6.82
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENTECH:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this ENTECH chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 16 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 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.54 | 5.22 | 6.20 | 6.82 | 7.22 | 7.92 | 8.96 |
| Change (%) | -33.43% | -23.46% | -9.09% | - | +5.87% | +16.13% | +31.38% |
| Change | -2.28 | -1.60 | -0.62 | - | +0.40 | +1.10 | +2.14 |
| Level | Major | Intermediate | Intermediate | - | Major | 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 | 5.54 | 5.80 | 5.98 | 6.24 | 6.42 | 6.68 | 6.86 |
| Camarilla | 6.04 | 6.08 | 6.12 | 6.16 | 6.20 | 6.24 | 6.28 |
| Woodie | 5.50 | 5.78 | 5.94 | 6.22 | 6.38 | 6.66 | 6.82 |
| Fibonacci | 5.80 | 5.97 | 6.07 | 6.24 | 6.41 | 6.51 | 6.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.67 | 4.93 | 5.47 | 5.73 | 6.27 | 6.53 | 7.07 |
| Camarilla | 5.78 | 5.85 | 5.93 | 6.00 | 6.07 | 6.15 | 6.22 |
| Woodie | 4.80 | 5.00 | 5.60 | 5.80 | 6.40 | 6.60 | 7.20 |
| Fibonacci | 4.93 | 5.24 | 5.43 | 5.73 | 6.04 | 6.23 | 6.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.24 | 3.90 | 5.08 | 5.74 | 6.92 | 7.58 | 8.76 |
| Camarilla | 5.75 | 5.92 | 6.09 | 6.26 | 6.43 | 6.60 | 6.77 |
| Woodie | 3.50 | 4.03 | 5.34 | 5.87 | 7.18 | 7.71 | 9.02 |
| Fibonacci | 3.90 | 4.60 | 5.04 | 5.74 | 6.44 | 6.88 | 7.58 |
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): | 66.13 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 20.34 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 5.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.15 | |
| Elder Ray (13): | 0.81 | |
| Super Trend (3,10): | 5.60 | |
| Zig ZAG (10): | 6.82 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 84.74 | |
| TEMA (21): | 6.27 | |
| Williams %R (14): | -9.68 | |
| Chande Momentum Oscillator (20): | 1.50 | |
| Repulse (5,40,3): | 2.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 18.30 |
| MA7: | 6.05 | |
| MA20: | 5.73 | |
| MA50: | 6.11 | |
| MA100: | 7.50 | |
| MAexp7: | 6.15 | |
| MAexp20: | 5.84 | |
| MAexp50: | 6.25 | |
| MAexp100: | 7.01 | |
| Price / MA7: | +12.73% | |
| Price / MA20: | +19.02% | |
| Price / MA50: | +11.62% | |
| Price / MA100: | -9.07% | |
| Price / MAexp7: | +10.89% | |
| Price / MAexp20: | +16.78% | |
| Price / MAexp50: | +9.12% | |
| Price / MAexp100: | -2.71% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on ENTECH at the time of the analysis were as follows:
- Cineverse Nominated for DEG's EnTech Awards in the Technology Innovation Category
- Entech wins a major energy storage contract from a public consortium led by GEG
- CMIC and Offshoretronic Jointly Develop and Commercialize the Monopiles Installation Scheme of Offshore Windfarms
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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