FLUENCE ENERGY INC. - Weekly - Technical analysis published on 11/27/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 21.28 USD
My targets
17.45 USD (-8.99%)
15.26 USD (-20.40%)
My analysis
In the short term, we can see an acceleration in the bearish trend on FLUENCE ENERGY INC., which is a positive signal for sellers. As long as the price remains above 21.28 USD, a sale could be considered. The first bearish objective is located at 17.45 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.26 USD as an objective. Crossing it would then enable sellers to target 12.37 USD. If the price were to return above 21.28 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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Additional analysis
Quotes
The FLUENCE ENERGY INC. rating is 19.17 USD. The price is lower by -0.52% over the 5 days and has been traded over the last 5 days between 18.37 USD and 19.58 USD. This implies that the 5 day price is +4.35% from its lowest point and -2.09% from its highest point.18.37
19.58
19.17
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FLUENCE ENERGY INC.:
Technical
A technical analysis in Weekly of this FLUENCE ENERGY INC. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.85 | 12.37 | 15.26 | 19.17 | 21.28 | 24.91 | 31.13 |
| Change (%) | -48.62% | -35.47% | -20.40% | - | +11.01% | +29.94% | +62.39% |
| Change | -9.32 | -6.80 | -3.91 | - | +2.11 | +5.74 | +11.96 |
| Level | Minor | Intermediate | Major | - | Major | Minor | 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 | 17.72 | 18.09 | 18.48 | 18.85 | 19.24 | 19.61 | 20.00 |
| Camarilla | 18.65 | 18.72 | 18.79 | 18.86 | 18.93 | 19.00 | 19.07 |
| Woodie | 17.72 | 18.10 | 18.48 | 18.86 | 19.24 | 19.62 | 20.00 |
| Fibonacci | 18.09 | 18.38 | 18.56 | 18.85 | 19.14 | 19.32 | 19.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.42 | 17.45 | 18.15 | 19.18 | 19.88 | 20.91 | 21.61 |
| Camarilla | 18.38 | 18.54 | 18.70 | 18.86 | 19.02 | 19.18 | 19.34 |
| Woodie | 16.27 | 17.37 | 18.00 | 19.10 | 19.73 | 20.83 | 21.46 |
| Fibonacci | 17.45 | 18.11 | 18.52 | 19.18 | 19.84 | 20.25 | 20.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.03 | 12.39 | 14.86 | 19.22 | 21.69 | 26.05 | 28.52 |
| Camarilla | 15.44 | 16.07 | 16.69 | 17.32 | 17.95 | 18.57 | 19.20 |
| Woodie | 7.08 | 11.92 | 13.91 | 18.75 | 20.74 | 25.58 | 27.57 |
| Fibonacci | 12.39 | 15.00 | 16.61 | 19.22 | 21.83 | 23.44 | 26.05 |
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): | 44.77 | |
| MACD (12,26,9): | -1.2100 | |
| Directional Movement: | -5.18 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 19.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.32 | |
| Elder Ray (13): | -1.29 | |
| Super Trend (3,10): | 27.99 | |
| Zig ZAG (10): | 19.19 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 23.15 | |
| TEMA (21): | 18.03 | |
| Williams %R (14): | -75.70 | |
| Chande Momentum Oscillator (20): | -7.31 | |
| Repulse (5,40,3): | -0.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 52.97 |
| MA7: | 18.93 | |
| MA20: | 18.26 | |
| MA50: | 19.96 | |
| MA100: | 23.18 | |
| MAexp7: | 19.20 | |
| MAexp20: | 21.04 | |
| MAexp50: | 21.18 | |
| MAexp100: | 19.31 | |
| Price / MA7: | +1.27% | |
| Price / MA20: | +4.98% | |
| Price / MA50: | -3.96% | |
| Price / MA100: | -17.30% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -8.89% | |
| Price / MAexp50: | -9.49% | |
| Price / MAexp100: | -0.73% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on FLUENCE ENERGY INC.. At the time of publication of this analysis, the latest news was as follows:
- Fluence Energy, Inc. Announces Closing of New $400 Million Asset-Backed Lending Facility
- Fluence Energy, Inc. Announces Executive Transition
- Fluence Unveils Gridstack Pro, Improving Delivery Speed and Performance for the Next Era of Utility-Scale Projects
- Fluence Named Top Battery-Based Energy Storage Provider in S&P Global Commodity Insights Report
- Varco Energy chooses Fluence to deliver battery energy storage project providing critical grid flexibility in Great Britain
This member declared not having a position on this financial instrument or a related financial instrument.
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