NEXANS - Daily - Technical analysis published on 01/06/2023 (GMT)
- 216
- 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:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 87.65 EUR
My targets
83.70 EUR (-2.73%)
79.04 EUR (-8.15%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 87.65 EUR remains possible. It is advisable to trade NEXANS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 87.65 EUR. The next bearish objective for sellers is set at 83.70 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 79.04 EUR. In case of crossing, the next objective would be the support located at 75.54 EUR. PS: if there is a bullish break in the resistance located at 87.65 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NEXANS rating 86.05 EUR. The price has increased by +4.18% since the last closing and was traded between 82.60 EUR and 86.80 EUR over the period. The price is currently at +4.18% from its lowest and -0.86% from its highest.82.60
86.80
86.05
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NEXANS:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NEXANS in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 75.54 | 79.04 | 83.70 | 86.05 | 87.65 | 91.30 | 95.15 |
| Change (%) | -12.21% | -8.15% | -2.73% | - | +1.86% | +6.10% | +10.58% |
| Change | -10.51 | -7.01 | -2.35 | - | +1.60 | +5.25 | +9.10 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | 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 | 79.47 | 80.33 | 81.47 | 82.33 | 83.47 | 84.33 | 85.47 |
| Camarilla | 82.05 | 82.23 | 82.42 | 82.60 | 82.78 | 82.97 | 83.15 |
| Woodie | 79.60 | 80.40 | 81.60 | 82.40 | 83.60 | 84.40 | 85.60 |
| Fibonacci | 80.33 | 81.10 | 81.57 | 82.33 | 83.10 | 83.57 | 84.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.88 | 82.52 | 83.48 | 85.12 | 86.08 | 87.72 | 88.68 |
| Camarilla | 83.74 | 83.97 | 84.21 | 84.45 | 84.69 | 84.93 | 85.17 |
| Woodie | 80.55 | 82.35 | 83.15 | 84.95 | 85.75 | 87.55 | 88.35 |
| Fibonacci | 82.52 | 83.51 | 84.12 | 85.12 | 86.11 | 86.72 | 87.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.52 | 78.88 | 81.67 | 85.03 | 87.82 | 91.18 | 93.97 |
| Camarilla | 82.76 | 83.32 | 83.89 | 84.45 | 85.01 | 85.58 | 86.14 |
| Woodie | 75.23 | 78.74 | 81.38 | 84.89 | 87.53 | 91.04 | 93.68 |
| Fibonacci | 78.88 | 81.23 | 82.68 | 85.03 | 87.38 | 88.83 | 91.18 |
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): | 50.38 | |
| MACD (12,26,9): | -0.8600 | |
| Directional Movement: | -2.42 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 84.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 81.20 | |
| Elder Ray (13): | -0.38 | |
| Super Trend (3,10): | 88.24 | |
| Zig ZAG (10): | 86.10 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 31.58 | |
| TEMA (21): | 84.51 | |
| Williams %R (14): | -26.32 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | 2.7900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 2.79 |
| MA7: | 84.70 | |
| MA20: | 85.52 | |
| MA50: | 87.34 | |
| MA100: | 90.90 | |
| MAexp7: | 84.72 | |
| MAexp20: | 85.48 | |
| MAexp50: | 87.36 | |
| MAexp100: | 88.47 | |
| Price / MA7: | +1.59% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | -1.48% | |
| Price / MA100: | -5.34% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | -1.50% | |
| Price / MAexp100: | -2.74% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on NEXANS. At the time of publication of this analysis, the latest news was as follows:
- Information on share capital and voting rights - December 2022
- Disclosure of trading in own shares from December 27, 2022 to December 30, 2022
- Disclosure of trading in own shares from December 19, 2022 to December 23, 2022
- Disclosure of trading in own shares from December 12, 2022 to December 16, 2022
- Disclosure of trading in own shares from November 28, 2022 to December 2, 2022
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 NEXANS - Daily