LECTRA - Daily - Technical analysis published on 08/01/2024 (GMT)
- 155
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 28.95 EUR
My targets
24.16 EUR (-9.34%)
21.65 EUR (-18.76%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LECTRA as long as the price remains well below 28.95 EUR. The sellers' bearish objective is set at 24.16 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.65 EUR. In case of crossing, the next objective would be the support located at 17.49 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LECTRA rating is 26.65 EUR. On the day, this instrument gained +2.30% and was between 25.80 EUR and 26.80 EUR. This implies that the price is at +3.29% from its lowest and at -0.56% from its highest.25.80
26.80
26.65
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this LECTRA chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.65 | 24.16 | 26.64 | 26.65 | 28.95 | 30.43 | 34.37 |
| Change (%) | -18.76% | -9.34% | -0.04% | - | +8.63% | +14.18% | +28.97% |
| Change | -5.00 | -2.49 | -0.01 | - | +2.30 | +3.78 | +7.72 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.00 | 25.35 | 25.70 | 26.05 | 26.40 | 26.75 | 27.10 |
| Camarilla | 25.86 | 25.92 | 25.99 | 26.05 | 26.11 | 26.18 | 26.24 |
| Woodie | 25.00 | 25.35 | 25.70 | 26.05 | 26.40 | 26.75 | 27.10 |
| Fibonacci | 25.35 | 25.62 | 25.78 | 26.05 | 26.32 | 26.48 | 26.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.67 | 25.23 | 26.02 | 27.58 | 28.37 | 29.93 | 30.72 |
| Camarilla | 26.15 | 26.37 | 26.59 | 26.80 | 27.02 | 27.23 | 27.45 |
| Woodie | 23.28 | 25.04 | 25.63 | 27.39 | 27.98 | 29.74 | 30.33 |
| Fibonacci | 25.23 | 26.13 | 26.69 | 27.58 | 28.48 | 29.04 | 29.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.68 | 22.12 | 24.08 | 27.52 | 29.48 | 32.92 | 34.88 |
| Camarilla | 24.57 | 25.06 | 25.56 | 26.05 | 26.55 | 27.04 | 27.54 |
| Woodie | 17.95 | 21.75 | 23.35 | 27.15 | 28.75 | 32.55 | 34.15 |
| Fibonacci | 22.12 | 24.18 | 25.45 | 27.52 | 29.58 | 30.85 | 32.92 |
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): | 38.56 | |
| MACD (12,26,9): | -0.7700 | |
| Directional Movement: | -17.97 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 26.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.68 | |
| Elder Ray (13): | -1.08 | |
| Super Trend (3,10): | 28.64 | |
| Zig ZAG (10): | 26.65 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 16.84 | |
| TEMA (21): | 26.60 | |
| Williams %R (14): | -70.67 | |
| Chande Momentum Oscillator (20): | -1.35 | |
| Repulse (5,40,3): | -0.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 16.50 |
| MA7: | 26.83 | |
| MA20: | 28.30 | |
| MA50: | 28.94 | |
| MA100: | 30.82 | |
| MAexp7: | 26.82 | |
| MAexp20: | 27.80 | |
| MAexp50: | 28.95 | |
| MAexp100: | 29.77 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -5.83% | |
| Price / MA50: | -7.91% | |
| Price / MA100: | -13.53% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | -4.14% | |
| Price / MAexp50: | -7.94% | |
| Price / MAexp100: | -10.48% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on LECTRA. At the time of publication of this analysis, the latest news was as follows:
- LECTRA: First half 2024: increased revenues and EBITDA, due to improved Group’s fundamentals and the integration of Launchmetrics. Confirmation of 2024 objectives.
- LECTRA: Second Quarter and First Half 2024 financial report available
- LECTRA: Monthly declaration of the total number of shares and voting rights composing the company's capital (at June 30th, 2024)
- LECTRA: Monthly declaration of the total number of shares and voting rights composing the company's capital (at May 31th, 2024)
- LECTRA: Monthly declaration of the total number of shares and voting rights composing the company's capital (at April 30th, 2024)
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis LECTRA - Daily