BIOTECHNOLOGY

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BST
ISIN:	ES0184980003

BIOTECHNOLOGY - Daily - Technical analysis published on 12/09/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

33%

28%

My opinion

Bullish above 0.2797 EUR

My targets

0.3107 EUR (+1.87%)

0.3410 EUR (+11.80%)

My analysis

The bullish trend is currently very strong on BIOTECHNOLOGY. As long as the price remains above the support at 0.2797 EUR, you could try to benefit from the boom. The first bullish objective is located at 0.3107 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.3410 EUR as an objective. Crossing it would then enable buyers to target 0.3790 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.3

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

BIOTECHNOLOGY rating 0.3050 EUR. The price has increased by +6.27% since the last closing and was traded between 0.2720 EUR and 0.3200 EUR over the period. The price is currently at +12.13% from its lowest and -4.69% from its highest.

0.2720

0.3200

0.3050

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this BIOTECHNOLOGY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.1250	0.1725	0.2400	0.3050	0.3107	0.3410	0.3790
Change (%)	-59.02%	-43.44%	-21.31%	-	+1.87%	+11.80%	+24.26%
Change	-0.1800	-0.1325	-0.0650	-	+0.0057	+0.0360	+0.0740
Level	Minor	Intermediate	Major	-	Intermediate	Major	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	0.2727	0.2783	0.2827	0.2883	0.2927	0.2983	0.3027
Camarilla	0.2843	0.2852	0.2861	0.2870	0.2879	0.2888	0.2898
Woodie	0.2720	0.2780	0.2820	0.2880	0.2920	0.2980	0.3020
Fibonacci	0.2783	0.2822	0.2845	0.2883	0.2922	0.2945	0.2983

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.2132	0.2493	0.2857	0.3218	0.3582	0.3943	0.4307
Camarilla	0.3021	0.3087	0.3154	0.3220	0.3287	0.3353	0.3419
Woodie	0.2133	0.2494	0.2858	0.3219	0.3583	0.3944	0.4308
Fibonacci	0.2493	0.2770	0.2941	0.3218	0.3495	0.3666	0.3943

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.0607	0.0487	0.1703	0.2797	0.4013	0.5107	0.6323
Camarilla	0.2285	0.2497	0.2708	0.2920	0.3132	0.3344	0.3555
Woodie	-0.0545	0.0518	0.1765	0.2828	0.4075	0.5138	0.6385
Fibonacci	0.0487	0.1369	0.1914	0.2797	0.3679	0.4224	0.5107

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):	56.87
MACD (12,26,9):	0.0213
Directional Movement:	20.3810
AROON (14):	7.1428
DEMA (21):	0.3188
Parabolic SAR (0,02-0,02-0,2):	0.3785
Elder Ray (13):	-0.0010
Super Trend (3,10):	0.2239
Zig ZAG (10):	0.3050
VORTEX (21):	0.9249
Stochastique (14,3,5):	43.78
TEMA (21):	0.3144
Williams %R (14):	-50.60
Chande Momentum Oscillator (20):	-0.0360
Repulse (5,40,3):	6.5983
ROCnROLL:	1
TRIX (15,9):	1.6706
Courbe Coppock:	23.71

MA7:	0.3045
MA20:	0.2920
MA50:	0.2240
MA100:	0.1910
MAexp7:	0.3005
MAexp20:	0.2869
MAexp50:	0.2443
MAexp100:	0.2286
Price / MA7:	+0.16%
Price / MA20:	+4.45%
Price / MA50:	+36.16%
Price / MA100:	+59.69%
Price / MAexp7:	+1.50%
Price / MAexp20:	+6.31%
Price / MAexp50:	+24.85%
Price / MAexp100:	+33.42%

Quotes : - 15 min delayed data - Spain Stocks

News

Don't forget to follow the news on BIOTECHNOLOGY. 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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