ONWARD MEDICAL - Daily - Technical analysis published on 11/02/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 3.26 EUR
My targets
2.78 EUR (-10.51%)
2.50 EUR (-19.52%)
My analysis
ONWARD MEDICAL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.26 EUR. The next support located at 2.78 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.50 EUR. Below this support, sellers could then target 2.01 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ONWARD MEDICAL rating 3.11 EUR. The price registered an increase of +3.67% on the session with the lowest point at 2.93 EUR and the highest point at 3.13 EUR. The deviation from the price is +6.14% for the low point and -0.64% for the high point.2.93
3.13
3.11
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on ONWARD MEDICAL were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this ONWARD MEDICAL chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.11 | 3.26 | 4.67 | 5.10 |
| Change (%) | - | +4.82% | +50.16% | +63.99% |
| Change | - | +0.15 | +1.56 | +1.99 |
| Level | - | Intermediate | Intermediate | Major |
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 | 2.78 | 2.86 | 2.98 | 3.06 | 3.18 | 3.26 | 3.38 |
| Camarilla | 3.06 | 3.07 | 3.09 | 3.11 | 3.13 | 3.15 | 3.17 |
| Woodie | 2.81 | 2.87 | 3.01 | 3.07 | 3.21 | 3.27 | 3.41 |
| Fibonacci | 2.86 | 2.93 | 2.98 | 3.06 | 3.13 | 3.18 | 3.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.78 | 2.92 | 2.98 | 3.12 | 3.18 | 3.32 | 3.38 |
| Camarilla | 3.00 | 3.01 | 3.03 | 3.05 | 3.07 | 3.09 | 3.11 |
| Woodie | 2.75 | 2.90 | 2.95 | 3.10 | 3.15 | 3.30 | 3.35 |
| Fibonacci | 2.92 | 2.99 | 3.04 | 3.12 | 3.19 | 3.24 | 3.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.08 | 2.01 | 2.50 | 3.43 | 3.92 | 4.85 | 5.34 |
| Camarilla | 2.61 | 2.74 | 2.87 | 3.00 | 3.13 | 3.26 | 3.39 |
| Woodie | 0.87 | 1.90 | 2.29 | 3.32 | 3.71 | 4.74 | 5.13 |
| Fibonacci | 2.01 | 2.55 | 2.88 | 3.43 | 3.97 | 4.30 | 4.85 |
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): | 37.88 | |
| MACD (12,26,9): | -0.2100 | |
| Directional Movement: | -12.81 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 2.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.54 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 3.51 | |
| Zig ZAG (10): | 3.11 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 21.92 | |
| TEMA (21): | 3.00 | |
| Williams %R (14): | -57.14 | |
| Chande Momentum Oscillator (20): | -0.19 | |
| Repulse (5,40,3): | 1.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8500 | |
| Courbe Coppock: | 18.79 |
| MA7: | 3.10 | |
| MA20: | 3.26 | |
| MA50: | 3.75 | |
| MA100: | 4.45 | |
| MAexp7: | 3.09 | |
| MAexp20: | 3.28 | |
| MAexp50: | 3.71 | |
| MAexp100: | 4.20 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | -4.60% | |
| Price / MA50: | -17.07% | |
| Price / MA100: | -30.11% | |
| Price / MAexp7: | +0.65% | |
| Price / MAexp20: | -5.18% | |
| Price / MAexp50: | -16.17% | |
| Price / MAexp100: | -25.95% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on ONWARD MEDICAL at the time of the analysis were as follows:
- ONWARD Schedules Webcast to Provide Third Quarter 2023 Business Update
- ONWARD® Reports 2023 Half Year Results and Business Update
- ONWARD® Launches Partnership with Service-Disabled Veteran-Owned Business to Access U.S. Federal Health Market
- ONWARD Announces Results of Annual General Meeting of Shareholders
- ONWARD Schedules Webcast to Provide First Quarter Business Update
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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