FORSEE POWER

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	FORSE
ISIN:	FR0014005SB3

FORSEE POWER - Weekly - Technical analysis published on 09/14/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

61%

11%

28%

My opinion

Bearish under 1.219 EUR

My targets

0.866 EUR (-14.26%)

My analysis

The basic trend is very bearish on FORSEE POWER but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on FORSEE POWER. As long as you stay below the resistance 1.219 EUR, sellers' retain the upper hand. A break in the support at 0.866 EUR would be a signal that the basic trend will reverse. If the price were to depress the resistance 1.219 EUR in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

2.7

Comment on the analysis

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 steph71. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FORSEE POWER rating is 1.010 EUR. The price registered an increase of +12.10% over 5 days with the lowest point at 0.881 EUR and the highest point at 1.020 EUR. The deviation from the price is +14.64% for the low point and -0.98% for the high point.

0.881

1.020

1.010

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this FORSEE POWER chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.866	1.010	2.570	2.925	3.349
Change (%)	-14.26%	-	+154.46%	+189.60%	+231.58%
Change	-0.144	-	+1.560	+1.915	+2.339
Level	Major	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.830	0.870	0.940	0.980	1.050	1.090	1.160
Camarilla	0.980	0.990	1.000	1.010	1.020	1.030	1.040
Woodie	0.845	0.878	0.955	0.988	1.065	1.098	1.175
Fibonacci	0.870	0.912	0.938	0.980	1.022	1.048	1.090

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.769	0.835	0.868	0.934	0.967	1.033	1.066
Camarilla	0.874	0.883	0.892	0.901	0.910	0.919	0.928
Woodie	0.753	0.827	0.852	0.926	0.951	1.025	1.050
Fibonacci	0.835	0.873	0.896	0.934	0.972	0.995	1.033

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.445	0.587	0.761	0.903	1.077	1.219	1.393
Camarilla	0.847	0.876	0.905	0.934	0.963	0.992	1.021
Woodie	0.460	0.595	0.776	0.911	1.092	1.227	1.408
Fibonacci	0.587	0.708	0.783	0.903	1.024	1.099	1.219

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	40.66
MACD (12,26,9):	-0.2310
Directional Movement:	-10.305
AROON (14):	-78.571
DEMA (21):	0.680
Parabolic SAR (0,02-0,02-0,2):	0.743
Elder Ray (13):	0.020
Super Trend (3,10):	1.121
Zig ZAG (10):	1.010
VORTEX (21):	0.9040
Stochastique (14,3,5):	62.90
TEMA (21):	0.773
Williams %R (14):	-11.39
Chande Momentum Oscillator (20):	0.059
Repulse (5,40,3):	11.4010
ROCnROLL:	-1
TRIX (15,9):	-3.0150
Courbe Coppock:	26.04

MA7:	0.922
MA20:	0.901
MA50:	0.858
MA100:	0.930
MAexp7:	0.904
MAexp20:	1.035
MAexp50:	1.606
MAexp100:	2.322
Price / MA7:	+9.54%
Price / MA20:	+12.10%
Price / MA50:	+17.72%
Price / MA100:	+8.60%
Price / MAexp7:	+11.73%
Price / MAexp20:	-2.42%
Price / MAexp50:	-37.11%
Price / MAexp100:	-56.50%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on FORSEE POWER at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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