BALYO

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BALYO
ISIN:	FR0013258399

BALYO - Daily - Technical analysis published on 06/15/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

My opinion

Bullish above 0.7400 EUR

My targets

0.8450 EUR (+4.06%)

1.4048 EUR (+73.00%)

My analysis

BALYO is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.7400 EUR. The next resistance located at 0.8450 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.4048 EUR. After this resistance, buyers could then target 2.2600 EUR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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.

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Additional analysis

Quotes

BALYO rating 0.8120 EUR. The price registered an increase of +50.37% on the session with the lowest point at 0.8100 EUR and the highest point at 0.8240 EUR. The deviation from the price is +0.25% for the low point and -1.46% for the high point.

0.8100

0.8240

0.8120

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BALYO in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.5716	0.6670	0.7400	0.8120	0.8450	1.4048	2.2600
Change (%)	-29.61%	-17.86%	-8.87%	-	+4.06%	+73.00%	+178.33%
Change	-0.2404	-0.1450	-0.0720	-	+0.0330	+0.5928	+1.4480
Level	Major	Minor	Minor	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5170	0.5240	0.5320	0.5390	0.5470	0.5540	0.5620
Camarilla	0.5359	0.5373	0.5386	0.5400	0.5414	0.5428	0.5441
Woodie	0.5175	0.5243	0.5325	0.5393	0.5475	0.5543	0.5625
Fibonacci	0.5240	0.5297	0.5333	0.5390	0.5447	0.5483	0.5540

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.4490	0.4830	0.5100	0.5440	0.5710	0.6050	0.6320
Camarilla	0.5202	0.5258	0.5314	0.5370	0.5426	0.5482	0.5538
Woodie	0.4455	0.4813	0.5065	0.5423	0.5675	0.6033	0.6285
Fibonacci	0.4830	0.5063	0.5207	0.5440	0.5673	0.5817	0.6050

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.3690	0.4370	0.4800	0.5480	0.5910	0.6590	0.7020
Camarilla	0.4925	0.5027	0.5128	0.5230	0.5332	0.5434	0.5535
Woodie	0.3565	0.4308	0.4675	0.5418	0.5785	0.6528	0.6895
Fibonacci	0.4370	0.4794	0.5056	0.5480	0.5904	0.6166	0.6590

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):	81.55
MACD (12,26,9):	0.0194
Directional Movement:	52.8557
AROON (14):	71.4286
DEMA (21):	0.5831
Parabolic SAR (0,02-0,02-0,2):	0.5120
Elder Ray (13):	0.2379
Super Trend (3,10):	0.6711
Zig ZAG (10):	0.8120
VORTEX (21):	1.0218
Stochastique (14,3,5):	62.67
TEMA (21):	0.6113
Williams %R (14):	-3.76
Chande Momentum Oscillator (20):	0.2800
Repulse (5,40,3):	-2.4526
ROCnROLL:	1
TRIX (15,9):	-0.0104
Courbe Coppock:	19.27

MA7:	0.5841
MA20:	0.5514
MA50:	0.5455
MA100:	0.6038
MAexp7:	0.6108
MAexp20:	0.5663
MAexp50:	0.5653
MAexp100:	0.5721
Price / MA7:	+39.02%
Price / MA20:	+47.26%
Price / MA50:	+48.85%
Price / MA100:	+34.48%
Price / MAexp7:	+32.94%
Price / MAexp20:	+43.39%
Price / MAexp50:	+43.64%
Price / MAexp100:	+41.93%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on BALYO. At the time of publication of this analysis, the latest news was as follows:

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

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Londinia AI

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