FORSEE POWER - Daily - Technical analysis published on 04/24/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.121 EUR
My targets
0.879 EUR (-14.30%)
0.781 EUR (-23.91%)
My analysis
FORSEE POWER 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 1.121 EUR. The next support located at 0.879 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 0.781 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, 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
7.9
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FORSEE POWER rating is 1.026 EUR. The price registered a decrease of -15.21% on the session with the lowest point at 1.012 EUR and the highest point at 1.210 EUR. The deviation from the price is +1.38% for the low point and -15.21% for the high point.1.012
1.210
1.026
Here is a more detailed summary of the historical variations registered by FORSEE POWER:
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 FORSEE POWER were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.026 | 2.567 | 2.925 | 3.360 |
| Change (%) | - | +150.19% | +185.09% | +227.49% |
| Change | - | +1.541 | +1.899 | +2.334 |
| Level | - | Major | Intermediate | Intermediate |
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 | 1.129 | 1.149 | 1.179 | 1.199 | 1.229 | 1.249 | 1.279 |
| Camarilla | 1.196 | 1.201 | 1.205 | 1.210 | 1.215 | 1.219 | 1.224 |
| Woodie | 1.135 | 1.152 | 1.185 | 1.202 | 1.235 | 1.252 | 1.285 |
| Fibonacci | 1.149 | 1.168 | 1.180 | 1.199 | 1.218 | 1.230 | 1.249 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.879 | 0.995 | 1.087 | 1.203 | 1.295 | 1.411 | 1.503 |
| Camarilla | 1.123 | 1.142 | 1.161 | 1.180 | 1.199 | 1.218 | 1.237 |
| Woodie | 0.868 | 0.989 | 1.076 | 1.197 | 1.284 | 1.405 | 1.492 |
| Fibonacci | 0.995 | 1.074 | 1.123 | 1.203 | 1.282 | 1.331 | 1.411 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 24.15 | |
| MACD (12,26,9): | -0.1670 | |
| Directional Movement: | -25.155 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 1.084 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.352 | |
| Elder Ray (13): | -0.118 | |
| Super Trend (3,10): | 1.418 | |
| Zig ZAG (10): | 1.040 | |
| VORTEX (21): | 0.7330 | |
| Stochastique (14,3,5): | 13.38 | |
| TEMA (21): | 1.082 | |
| Williams %R (14): | -95.51 | |
| Chande Momentum Oscillator (20): | -0.300 | |
| Repulse (5,40,3): | -21.1810 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.5210 | |
| Courbe Coppock: | 45.35 |
| MA7: | 1.155 | |
| MA20: | 1.324 | |
| MA50: | 1.691 | |
| MA100: | 2.155 | |
| MAexp7: | 1.157 | |
| MAexp20: | 1.314 | |
| MAexp50: | 1.643 | |
| MAexp100: | 2.000 | |
| Price / MA7: | -11.17% | |
| Price / MA20: | -22.51% | |
| Price / MA50: | -39.33% | |
| Price / MA100: | -52.39% | |
| Price / MAexp7: | -11.32% | |
| Price / MAexp20: | -21.92% | |
| Price / MAexp50: | -37.55% | |
| Price / MAexp100: | -48.70% |
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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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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