FORSEE POWER - Daily - Technical analysis published on 08/05/2022 (GMT)
- 145
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 4.000 EUR
My targets
4.670 EUR (+7.23%)
5.970 EUR (+37.08%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on FORSEE POWER. This is a positive signal for buyers. As long as the price remains above 4.000 EUR, a purchase could be considered. The first bullish objective is located at 4.670 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.970 EUR as an objective. Crossing it would then enable buyers to target 6.993 EUR. In the event of a return below 4.000 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FORSEE POWER rating 4.355 EUR. The price registered an increase of +12.24% on the session and was traded between 3.880 EUR and 4.400 EUR over the period. The price is currently at +12.24% from its lowest and -1.02% from its highest.3.880
4.400
4.355
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FORSEE POWER in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
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 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.392 | 3.206 | 4.000 | 4.355 | 4.670 | 5.970 | 6.993 |
| Change (%) | -45.07% | -26.38% | -8.15% | - | +7.23% | +37.08% | +60.57% |
| Change | -1.963 | -1.149 | -0.355 | - | +0.315 | +1.615 | +2.638 |
| Level | Intermediate | Minor | Minor | - | Minor | 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 | 3.330 | 3.480 | 3.680 | 3.830 | 4.030 | 4.180 | 4.380 |
| Camarilla | 3.784 | 3.816 | 3.848 | 3.880 | 3.912 | 3.944 | 3.976 |
| Woodie | 3.355 | 3.493 | 3.705 | 3.843 | 4.055 | 4.193 | 4.405 |
| Fibonacci | 3.480 | 3.614 | 3.696 | 3.830 | 3.964 | 4.046 | 4.180 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.913 | 3.007 | 3.163 | 3.257 | 3.413 | 3.507 | 3.663 |
| Camarilla | 3.251 | 3.274 | 3.297 | 3.320 | 3.343 | 3.366 | 3.389 |
| Woodie | 2.945 | 3.023 | 3.195 | 3.273 | 3.445 | 3.523 | 3.695 |
| Fibonacci | 3.007 | 3.102 | 3.161 | 3.257 | 3.352 | 3.411 | 3.507 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.700 | 2.060 | 2.690 | 3.050 | 3.680 | 4.040 | 4.670 |
| Camarilla | 3.048 | 3.139 | 3.229 | 3.320 | 3.411 | 3.502 | 3.592 |
| Woodie | 1.835 | 2.128 | 2.825 | 3.118 | 3.815 | 4.108 | 4.805 |
| Fibonacci | 2.060 | 2.438 | 2.672 | 3.050 | 3.428 | 3.662 | 4.040 |
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): | 86.49 | |
| MACD (12,26,9): | 0.2740 | |
| Directional Movement: | 48.214 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 3.684 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.134 | |
| Elder Ray (13): | 0.617 | |
| Super Trend (3,10): | 3.536 | |
| Zig ZAG (10): | 4.350 | |
| VORTEX (21): | 1.3510 | |
| Stochastique (14,3,5): | 95.45 | |
| TEMA (21): | 3.893 | |
| Williams %R (14): | -3.55 | |
| Chande Momentum Oscillator (20): | 1.250 | |
| Repulse (5,40,3): | 21.6690 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9120 | |
| Courbe Coppock: | 37.94 |
| MA7: | 3.616 | |
| MA20: | 3.318 | |
| MA50: | 2.935 | |
| MA100: | 3.233 | |
| MAexp7: | 3.706 | |
| MAexp20: | 3.367 | |
| MAexp50: | 3.164 | |
| MAexp100: | 3.471 | |
| Price / MA7: | +20.44% | |
| Price / MA20: | +31.25% | |
| Price / MA50: | +48.38% | |
| Price / MA100: | +34.70% | |
| Price / MAexp7: | +17.51% | |
| Price / MAexp20: | +29.34% | |
| Price / MAexp50: | +37.64% | |
| Price / MAexp100: | +25.47% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on FORSEE POWER at the time of the analysis were as follows:
- Forsee Power Reports Sales of €49.7 Million in the First Half of 2022, up 34%
- Forsee Power: Half-Year Liquidity Contract Statement Entrusted to Kepler Cheuvreux
- Forsee Power Starts Deliveries of 5,000 GO 10 Batteries to Omega Seiki for their RAGE+ Electric 3-wheelers
- Forsee Power and EDF Store & Forecast Sign a Partnership for the Development of Mobile Electricity Storage Systems
- Forsee Power to Establish North American Headquarters and Battery Systems Gigafactory in the Columbus Region
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis FORSEE POWER - Daily