FORSEE POWER - 1H - Technical analysis published on 04/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 1.357 EUR
My targets
1.302 EUR (-2.11%)
My analysis
The bearish trend is currently very strong for FORSEE POWER. As long as the price remains below the resistance at 1.357 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.302 EUR. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FORSEE POWER rating 1.330 EUR. The price has increased by +0.15% since the last closing with the lowest point at 1.330 EUR and the highest point at 1.330 EUR. The deviation from the price is 0% for the low point and 0% for the high point.1.330
1.330
1.330
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FORSEE POWER:
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 FORSEE POWER were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this FORSEE POWER 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.
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.302 | 1.330 | 1.357 | 1.511 | 1.700 |
| Change (%) | -2.11% | - | +2.03% | +13.61% | +27.82% |
| Change | -0.028 | - | +0.027 | +0.181 | +0.370 |
| Level | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.275 | 1.297 | 1.313 | 1.335 | 1.351 | 1.373 | 1.389 |
| Camarilla | 1.318 | 1.321 | 1.325 | 1.328 | 1.332 | 1.335 | 1.339 |
| Woodie | 1.271 | 1.296 | 1.309 | 1.334 | 1.347 | 1.372 | 1.385 |
| Fibonacci | 1.297 | 1.312 | 1.321 | 1.335 | 1.350 | 1.359 | 1.373 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.937 | 1.145 | 1.283 | 1.491 | 1.629 | 1.837 | 1.975 |
| Camarilla | 1.325 | 1.357 | 1.388 | 1.420 | 1.452 | 1.483 | 1.515 |
| Woodie | 0.901 | 1.128 | 1.247 | 1.474 | 1.593 | 1.820 | 1.939 |
| Fibonacci | 1.145 | 1.278 | 1.359 | 1.491 | 1.624 | 1.705 | 1.837 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.781 | 1.121 | 1.369 | 1.709 | 1.957 | 2.297 | 2.545 |
| Camarilla | 1.454 | 1.508 | 1.562 | 1.616 | 1.670 | 1.724 | 1.778 |
| Woodie | 0.734 | 1.098 | 1.322 | 1.686 | 1.910 | 2.274 | 2.498 |
| Fibonacci | 1.121 | 1.346 | 1.485 | 1.709 | 1.934 | 2.073 | 2.297 |
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): | 42.71 | |
| MACD (12,26,9): | -0.0120 | |
| Directional Movement: | -0.964 | |
| AROON (14): | 21.428 | |
| DEMA (21): | 1.319 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.376 | |
| Elder Ray (13): | -0.004 | |
| Super Trend (3,10): | 1.364 | |
| Zig ZAG (10): | 1.330 | |
| VORTEX (21): | 0.7680 | |
| Stochastique (14,3,5): | 52.29 | |
| TEMA (21): | 1.332 | |
| Williams %R (14): | -51.85 | |
| Chande Momentum Oscillator (20): | 0.020 | |
| Repulse (5,40,3): | 0.0390 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1710 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.366 | |
| MA20: | 1.515 | |
| MA50: | 1.919 | |
| MA100: | 2.277 | |
| MAexp7: | 1.333 | |
| MAexp20: | 1.338 | |
| MAexp50: | 1.380 | |
| MAexp100: | 1.445 | |
| Price / MA7: | -2.64% | |
| Price / MA20: | -12.21% | |
| Price / MA50: | -30.69% | |
| Price / MA100: | -41.59% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -3.62% | |
| Price / MAexp100: | -7.96% |
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 High First-Half Sales of €78.8 Million
- Forsee Power appoints Rémi Fusté as Vice President Aftermarket and Customer Satisfaction
- Forsee Power Publishes Its 4th Sustainability Report and Launches SBTi Process Towards Net Zero
- Forsee Power to Equip Skoda Trains
- Forsee Power: Half-Year Liquidity Contract Statement Entrusted to Kepler Cheuvreux
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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