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 12/20/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

33%

44%

My opinion

Bullish above 0.2400 EUR

My targets

0.2797 EUR (+9.67%)

0.3107 EUR (+21.84%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.2400 EUR remains possible. It is advisable to trade BIOTECHNOLOGY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.2400 EUR. The next bullish objective for buyers is set at 0.2797 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.3107 EUR. If there is any crossing, the next objective would be the resistance located at 0.3410 EUR. PS: if there is a bearish break in the support located at 0.2400 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

2.1

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

The BIOTECHNOLOGY price is 0.2550 EUR. The price has increased by +7.37% since the last closing and was traded between 0.2390 EUR and 0.2700 EUR over the period. The price is currently at +6.69% from its lowest and -5.56% from its highest.

0.2390

0.2700

0.2550

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BIOTECHNOLOGY:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this BIOTECHNOLOGY chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.1725	0.1993	0.2400	0.2550	0.3107	0.3410	0.3790
Change (%)	-32.35%	-21.84%	-5.88%	-	+21.84%	+33.73%	+48.63%
Change	-0.0825	-0.0557	-0.0150	-	+0.0557	+0.0860	+0.1240
Level	Intermediate	Intermediate	Minor	-	Intermediate	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	0.2013	0.2122	0.2248	0.2357	0.2483	0.2592	0.2718
Camarilla	0.2310	0.2332	0.2354	0.2375	0.2397	0.2418	0.2440
Woodie	0.2023	0.2126	0.2258	0.2361	0.2493	0.2596	0.2728
Fibonacci	0.2122	0.2211	0.2267	0.2357	0.2446	0.2502	0.2592

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1597	0.1993	0.2197	0.2593	0.2797	0.3193	0.3397
Camarilla	0.2235	0.2290	0.2345	0.2400	0.2455	0.2510	0.2565
Woodie	0.1500	0.1945	0.2100	0.2545	0.2700	0.3145	0.3300
Fibonacci	0.1993	0.2223	0.2364	0.2593	0.2823	0.2964	0.3193

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	46.85
MACD (12,26,9):	-0.0004
Directional Movement:	9.2490
AROON (14):	-78.5714
DEMA (21):	0.2763
Parabolic SAR (0,02-0,02-0,2):	0.3067
Elder Ray (13):	-0.0135
Super Trend (3,10):	0.2239
Zig ZAG (10):	0.2550
VORTEX (21):	0.9315
Stochastique (14,3,5):	12.48
TEMA (21):	0.2556
Williams %R (14):	-74.80
Chande Momentum Oscillator (20):	-0.0670
Repulse (5,40,3):	-3.0877
ROCnROLL:	-1
TRIX (15,9):	0.5924
Courbe Coppock:	29.63

MA7:	0.2568
MA20:	0.2896
MA50:	0.2406
MA100:	0.1955
MAexp7:	0.2581
MAexp20:	0.2702
MAexp50:	0.2468
MAexp100:	0.2321
Price / MA7:	-0.70%
Price / MA20:	-11.95%
Price / MA50:	+5.99%
Price / MA100:	+30.43%
Price / MAexp7:	-1.20%
Price / MAexp20:	-5.63%
Price / MAexp50:	+3.32%
Price / MAexp100:	+9.87%

Quotes : - 15 min delayed data - Spain Stocks

News

The last news published on BIOTECHNOLOGY 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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