LOGIC INSTRUMENT - Daily - Technical analysis published on 11/29/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 0.329 EUR
My targets
0.307 EUR (-2.85%)
0.295 EUR (-6.65%)
My analysis
The bearish trend is currently very strong for LOGIC INSTRUMENT. As long as the price remains below the resistance at 0.329 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.307 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.295 EUR as an objective. Crossing it would then enable sellers to target 0.285 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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Additional analysis
Quotes
The LOGIC INSTRUMENT rating is 0.316 EUR. The price registered a decrease of -1.25% on the session and was between 0.301 EUR and 0.318 EUR. This implies that the price is at +4.98% from its lowest and at -0.63% from its highest.0.301
0.318
0.316
Here is a more detailed summary of the historical variations registered by LOGIC INSTRUMENT:
Technical
A technical analysis in Daily of this LOGIC INSTRUMENT 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.285 | 0.295 | 0.307 | 0.316 | 0.320 | 0.329 | 0.346 |
| Change (%) | -9.81% | -6.65% | -2.85% | - | +1.27% | +4.11% | +9.49% |
| Change | -0.031 | -0.021 | -0.009 | - | +0.004 | +0.013 | +0.030 |
| Level | Minor | Major | Minor | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.273 | 0.287 | 0.303 | 0.317 | 0.333 | 0.347 | 0.363 |
| Camarilla | 0.312 | 0.315 | 0.317 | 0.320 | 0.323 | 0.326 | 0.328 |
| Woodie | 0.275 | 0.288 | 0.305 | 0.318 | 0.335 | 0.348 | 0.365 |
| Fibonacci | 0.287 | 0.298 | 0.305 | 0.317 | 0.328 | 0.335 | 0.347 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.255 | 0.277 | 0.299 | 0.321 | 0.343 | 0.365 | 0.387 |
| Camarilla | 0.308 | 0.312 | 0.316 | 0.320 | 0.324 | 0.328 | 0.332 |
| Woodie | 0.254 | 0.277 | 0.298 | 0.321 | 0.342 | 0.365 | 0.386 |
| Fibonacci | 0.277 | 0.294 | 0.305 | 0.321 | 0.338 | 0.349 | 0.365 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.231 | 0.261 | 0.303 | 0.333 | 0.375 | 0.405 | 0.447 |
| Camarilla | 0.325 | 0.332 | 0.338 | 0.345 | 0.352 | 0.358 | 0.365 |
| Woodie | 0.237 | 0.264 | 0.309 | 0.336 | 0.381 | 0.408 | 0.453 |
| Fibonacci | 0.261 | 0.289 | 0.306 | 0.333 | 0.361 | 0.378 | 0.405 |
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): | 48.98 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.253 | |
| AROON (14): | 35.715 | |
| DEMA (21): | 0.317 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.343 | |
| Elder Ray (13): | -0.009 | |
| Super Trend (3,10): | 0.297 | |
| Zig ZAG (10): | 0.316 | |
| VORTEX (21): | 0.7720 | |
| Stochastique (14,3,5): | 48.15 | |
| TEMA (21): | 0.318 | |
| Williams %R (14): | -62.22 | |
| Chande Momentum Oscillator (20): | -0.004 | |
| Repulse (5,40,3): | 1.9880 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0730 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.318 | |
| MA20: | 0.317 | |
| MA50: | 0.320 | |
| MA100: | 0.324 | |
| MAexp7: | 0.319 | |
| MAexp20: | 0.318 | |
| MAexp50: | 0.320 | |
| MAexp100: | 0.323 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | -1.25% | |
| Price / MA100: | -2.47% | |
| Price / MAexp7: | -0.94% | |
| Price / MAexp20: | -0.63% | |
| Price / MAexp50: | -1.25% | |
| Price / MAexp100: | -2.17% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on LOGIC INSTRUMENT 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.
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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