LOGIC INSTRUMENT - Daily - Technical analysis published on 03/14/2024 (GMT)
- 116
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 1.144 EUR
My targets
1.431 EUR (+14.96%)
1.688 EUR (+35.56%)
My analysis
LOGIC INSTRUMENT 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 1.144 EUR. The next resistance located at 1.431 EUR is the next bullish objective 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 1.688 EUR. After this resistance, buyers could then target 2.790 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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 pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LOGIC INSTRUMENT rating is 1.245 EUR. On the day, this instrument lost -1.58% and was between 1.210 EUR and 1.245 EUR. This implies that the price is at +2.89% from its lowest and at 0% from its highest.1.210
1.245
1.245
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
Here is a more detailed summary of the historical variations registered by LOGIC INSTRUMENT:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this LOGIC INSTRUMENT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.732 | 0.990 | 1.230 | 1.245 | 2.790 | 3.800 | 5.868 |
| Change (%) | -41.20% | -20.48% | -1.20% | - | +124.10% | +205.22% | +371.33% |
| Change | -0.513 | -0.255 | -0.015 | - | +1.545 | +2.555 | +4.623 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.052 | 1.128 | 1.197 | 1.273 | 1.342 | 1.418 | 1.487 |
| Camarilla | 1.225 | 1.238 | 1.252 | 1.265 | 1.278 | 1.292 | 1.305 |
| Woodie | 1.048 | 1.126 | 1.193 | 1.271 | 1.338 | 1.416 | 1.483 |
| Fibonacci | 1.128 | 1.184 | 1.218 | 1.273 | 1.329 | 1.363 | 1.418 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.095 | 1.180 | 1.305 | 1.390 | 1.515 | 1.600 | 1.725 |
| Camarilla | 1.372 | 1.392 | 1.411 | 1.430 | 1.449 | 1.469 | 1.488 |
| Woodie | 1.115 | 1.190 | 1.325 | 1.400 | 1.535 | 1.610 | 1.745 |
| Fibonacci | 1.180 | 1.260 | 1.310 | 1.390 | 1.470 | 1.520 | 1.600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.343 | 0.600 | 0.887 | 1.144 | 1.431 | 1.688 | 1.975 |
| Camarilla | 1.025 | 1.075 | 1.125 | 1.175 | 1.225 | 1.275 | 1.325 |
| Woodie | 0.359 | 0.608 | 0.903 | 1.152 | 1.447 | 1.696 | 1.991 |
| Fibonacci | 0.600 | 0.808 | 0.936 | 1.144 | 1.352 | 1.480 | 1.688 |
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): | 56.49 | |
| MACD (12,26,9): | 0.1020 | |
| Directional Movement: | 11.684 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 1.359 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.460 | |
| Elder Ray (13): | -0.043 | |
| Super Trend (3,10): | 1.126 | |
| Zig ZAG (10): | 1.245 | |
| VORTEX (21): | 1.0560 | |
| Stochastique (14,3,5): | 55.12 | |
| TEMA (21): | 1.372 | |
| Williams %R (14): | -60.53 | |
| Chande Momentum Oscillator (20): | -0.030 | |
| Repulse (5,40,3): | -3.6900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.6170 | |
| Courbe Coppock: | 53.18 |
| MA7: | 1.342 | |
| MA20: | 1.206 | |
| MA50: | 1.003 | |
| MA100: | 0.772 | |
| MAexp7: | 1.299 | |
| MAexp20: | 1.218 | |
| MAexp50: | 1.033 | |
| MAexp100: | 0.859 | |
| Price / MA7: | -7.23% | |
| Price / MA20: | +3.23% | |
| Price / MA50: | +24.13% | |
| Price / MA100: | +61.27% | |
| Price / MAexp7: | -4.16% | |
| Price / MAexp20: | +2.22% | |
| Price / MAexp50: | +20.52% | |
| Price / MAexp100: | +44.94% |
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
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 LOGIC INSTRUMENT - Daily