VALBIOTIS - Daily - Technical analysis published on 02/05/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 4.43 EUR
My targets
3.91 EUR (-3.93%)
3.55 EUR (-12.78%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VALBIOTIS as long as the price remains well below 4.43 EUR. The sellers' bearish objective is set at 3.91 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.55 EUR. In case of crossing, the next objective would be the support located at 3.00 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.6
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VALBIOTIS rating 4.07 EUR. The price registered a decrease of -0.97% on the session with the lowest point at 4.00 EUR and the highest point at 4.09 EUR. The deviation from the price is +1.75% for the low point and -0.49% for the high point.4.00
4.09
4.07
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of VALBIOTIS in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.00 | 3.55 | 3.91 | 4.07 | 4.43 | 5.27 | 5.63 |
| Change (%) | -26.29% | -12.78% | -3.93% | - | +8.85% | +29.48% | +38.33% |
| Change | -1.07 | -0.52 | -0.16 | - | +0.36 | +1.20 | +1.56 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.73 | 3.85 | 3.98 | 4.10 | 4.23 | 4.35 | 4.48 |
| Camarilla | 4.04 | 4.06 | 4.09 | 4.11 | 4.13 | 4.16 | 4.18 |
| Woodie | 3.74 | 3.85 | 3.99 | 4.10 | 4.24 | 4.35 | 4.49 |
| Fibonacci | 3.85 | 3.95 | 4.01 | 4.10 | 4.20 | 4.26 | 4.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.44 | 3.69 | 3.90 | 4.15 | 4.36 | 4.61 | 4.82 |
| Camarilla | 3.98 | 4.03 | 4.07 | 4.11 | 4.15 | 4.19 | 4.24 |
| Woodie | 3.42 | 3.68 | 3.88 | 4.14 | 4.34 | 4.60 | 4.80 |
| Fibonacci | 3.69 | 3.87 | 3.97 | 4.15 | 4.33 | 4.43 | 4.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.21 | 3.08 | 3.56 | 4.43 | 4.91 | 5.78 | 6.26 |
| Camarilla | 3.67 | 3.79 | 3.92 | 4.04 | 4.16 | 4.29 | 4.41 |
| Woodie | 2.02 | 2.98 | 3.37 | 4.33 | 4.72 | 5.68 | 6.07 |
| Fibonacci | 3.08 | 3.60 | 3.91 | 4.43 | 4.95 | 5.26 | 5.78 |
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): | 34.82 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | -13.30 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 4.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.34 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 4.71 | |
| Zig ZAG (10): | 4.07 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 10.73 | |
| TEMA (21): | 4.04 | |
| Williams %R (14): | -90.82 | |
| Chande Momentum Oscillator (20): | -0.58 | |
| Repulse (5,40,3): | -1.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6000 | |
| Courbe Coppock: | 25.50 |
| MA7: | 4.14 | |
| MA20: | 4.45 | |
| MA50: | 4.81 | |
| MA100: | 5.33 | |
| MAexp7: | 4.14 | |
| MAexp20: | 4.40 | |
| MAexp50: | 4.76 | |
| MAexp100: | 4.91 | |
| Price / MA7: | -1.69% | |
| Price / MA20: | -8.54% | |
| Price / MA50: | -15.38% | |
| Price / MA100: | -23.64% | |
| Price / MAexp7: | -1.69% | |
| Price / MAexp20: | -7.50% | |
| Price / MAexp50: | -14.50% | |
| Price / MAexp100: | -17.11% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on VALBIOTIS at the time of the generation of this analysis was as follows:
- Valbiotis presents its 2024 financial communication calendar
- Valbiotis sets out its commercial and clinical roadmap for 2024
- Valbiotis announces the success of its €15 M capital increase
- Valbiotis announces the launch of a capital increase
- Valbiotis announces the availability of an amendment to the Universal Registration Document
This member declared not having a position on this financial instrument or a related financial instrument.
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