WAGA ENERGY - Weekly - Technical analysis published on 02/23/2024 (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
11%
61%
28%
My opinion
Bearish under 21.81 EUR
My targets
17.05 EUR (-14.58%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WAGA ENERGY as long as the price remains well below 21.81 EUR. The sellers' bearish objective is set at 17.05 EUR. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WAGA ENERGY rating 19.96 EUR. The price is lower by -6.29% over the 5 days and has been traded over the last 5 days between 19.60 EUR and 22.40 EUR. This implies that the 5 day price is +1.84% from its lowest point and -10.89% from its highest point.19.60
22.40
19.96
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on WAGA ENERGY were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Weekly of this WAGA ENERGY chart shows a sharp 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.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Weekly
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : Weekly
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 19.96 | 20.05 | 21.81 | 25.47 |
| Change (%) | - | +0.45% | +9.27% | +27.61% |
| Change | - | +0.09 | +1.85 | +5.51 |
| Level | - | Intermediate | Major | Minor |
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 | 18.27 | 18.93 | 19.27 | 19.93 | 20.27 | 20.93 | 21.27 |
| Camarilla | 19.33 | 19.42 | 19.51 | 19.60 | 19.69 | 19.78 | 19.88 |
| Woodie | 18.10 | 18.85 | 19.10 | 19.85 | 20.10 | 20.85 | 21.10 |
| Fibonacci | 18.93 | 19.32 | 19.55 | 19.93 | 20.32 | 20.55 | 20.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.42 | 19.73 | 20.52 | 21.83 | 22.62 | 23.93 | 24.72 |
| Camarilla | 20.72 | 20.92 | 21.11 | 21.30 | 21.49 | 21.69 | 21.88 |
| Woodie | 18.15 | 19.60 | 20.25 | 21.70 | 22.35 | 23.80 | 24.45 |
| Fibonacci | 19.73 | 20.54 | 21.03 | 21.83 | 22.64 | 23.13 | 23.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.05 | 19.65 | 21.80 | 24.40 | 26.55 | 29.15 | 31.30 |
| Camarilla | 22.64 | 23.08 | 23.52 | 23.95 | 24.39 | 24.82 | 25.26 |
| Woodie | 16.83 | 19.54 | 21.58 | 24.29 | 26.33 | 29.04 | 31.08 |
| Fibonacci | 19.65 | 21.47 | 22.59 | 24.40 | 26.22 | 27.34 | 29.15 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 37.35 | |
| MACD (12,26,9): | -0.9900 | |
| Directional Movement: | -12.04 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 22.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.88 | |
| Elder Ray (13): | -2.23 | |
| Super Trend (3,10): | 28.17 | |
| Zig ZAG (10): | 19.96 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 8.79 | |
| TEMA (21): | 22.17 | |
| Williams %R (14): | -95.14 | |
| Chande Momentum Oscillator (20): | -2.09 | |
| Repulse (5,40,3): | -30.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4300 | |
| Courbe Coppock: | 4.49 |
| MA7: | 20.94 | |
| MA20: | 23.00 | |
| MA50: | 23.94 | |
| MA100: | 23.70 | |
| MAexp7: | 22.50 | |
| MAexp20: | 23.76 | |
| MAexp50: | 25.28 | |
| MAexp100: | 27.36 | |
| Price / MA7: | -4.68% | |
| Price / MA20: | -13.22% | |
| Price / MA50: | -16.62% | |
| Price / MA100: | -15.78% | |
| Price / MAexp7: | -11.29% | |
| Price / MAexp20: | -15.99% | |
| Price / MAexp50: | -21.04% | |
| Price / MAexp100: | -27.05% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on WAGA ENERGY. At the time of publication of this analysis, the latest news was as follows:
- Waga Energy: Strategy update
- Waga Energy: Strong increase in revenue (+74%), commissioning of first international units and accelerated rollout in the United States
- Waga Energy secures USD $60 million financing from Eiffel Investment Group for its inaugural projects in the US
- Waga Energy will hold a Capital Markets Day on February 8, 2024
- Waga Energy Partners With Decatur Hills Landfill to Produce Renewable Natural Gas in Greensburg, Indiana
This member declared not having a position on this financial instrument or a related financial instrument.
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