LOGIC INSTRUMENT - Daily - Technical analysis published on 03/25/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
6%
61%
33%
My opinion
Bearish under 1.144 EUR
My targets
0.943 EUR (-8.42%)
0.919 EUR (-10.78%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for LOGIC INSTRUMENT as long as the price remains well below 1.144 EUR. The next bearish objective for sellers is set at 0.943 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.919 EUR. In case of crossing, the next objective would be the support located at 0.732 EUR. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.943 EUR. With this support, against the trend traders who want to buy LOGIC INSTRUMENT on a buy signal from their trading strategy should not hesitate to act.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2.1
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Additional analysis
Quotes
The LOGIC INSTRUMENT rating is 1.030 EUR. The price is lower by -3.74% since the last closing and was traded between 1.030 EUR and 1.080 EUR over the period. The price is currently at 0% from its lowest and -4.63% from its highest.1.030
1.080
1.030
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this LOGIC INSTRUMENT chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
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 | 0.619 | 0.732 | 0.919 | 1.030 | 1.230 | 1.430 | 2.790 |
| Change (%) | -39.90% | -28.93% | -10.78% | - | +19.42% | +38.83% | +170.87% |
| Change | -0.411 | -0.298 | -0.111 | - | +0.200 | +0.400 | +1.760 |
| Level | Major | Minor | Intermediate | - | Major | Major | Intermediate |
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 | 0.918 | 0.977 | 1.023 | 1.082 | 1.128 | 1.187 | 1.233 |
| Camarilla | 1.041 | 1.051 | 1.060 | 1.070 | 1.080 | 1.089 | 1.099 |
| Woodie | 0.913 | 0.974 | 1.018 | 1.079 | 1.123 | 1.184 | 1.228 |
| Fibonacci | 0.977 | 1.017 | 1.042 | 1.082 | 1.122 | 1.147 | 1.187 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.598 | 0.817 | 0.943 | 1.162 | 1.288 | 1.507 | 1.633 |
| Camarilla | 0.975 | 1.007 | 1.038 | 1.070 | 1.102 | 1.133 | 1.165 |
| Woodie | 0.553 | 0.794 | 0.898 | 1.139 | 1.243 | 1.484 | 1.588 |
| Fibonacci | 0.817 | 0.949 | 1.030 | 1.162 | 1.294 | 1.375 | 1.507 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.87 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | -8.523 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 1.238 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.343 | |
| Elder Ray (13): | -0.136 | |
| Super Trend (3,10): | 1.369 | |
| Zig ZAG (10): | 1.050 | |
| VORTEX (21): | 0.9720 | |
| Stochastique (14,3,5): | 9.09 | |
| TEMA (21): | 1.171 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.370 | |
| Repulse (5,40,3): | -11.1240 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.8900 | |
| Courbe Coppock: | 17.58 |
| MA7: | 1.171 | |
| MA20: | 1.259 | |
| MA50: | 1.060 | |
| MA100: | 0.819 | |
| MAexp7: | 1.144 | |
| MAexp20: | 1.190 | |
| MAexp50: | 1.068 | |
| MAexp100: | 0.901 | |
| Price / MA7: | -12.04% | |
| Price / MA20: | -18.19% | |
| Price / MA50: | -2.83% | |
| Price / MA100: | +25.76% | |
| Price / MAexp7: | -9.97% | |
| Price / MAexp20: | -13.45% | |
| Price / MAexp50: | -3.56% | |
| Price / MAexp100: | +14.32% |
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.
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