NEXANS

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	NEX
ISIN:	FR0000044448

NEXANS - Daily - Technical analysis published on 07/31/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 77.46 EUR

My targets

81.66 EUR (+1.88%)

85.19 EUR (+6.29%)

My analysis

NEXANS 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 77.46 EUR. The next resistance located at 81.66 EUR is the next bullish target 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 85.19 EUR. After this resistance, buyers could then target 88.83 EUR.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

4.5

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 NEXANS price is 80.15 EUR. On the day, this instrument lost -0.06% and was traded between 79.80 EUR and 80.50 EUR over the period. The price is currently at +0.44% from its lowest and -0.43% from its highest.

79.80

80.50

80.15

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 NEXANS:

Technical

Technical analysis of NEXANS in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of triangle

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	70.67	74.35	77.46	80.15	81.66	85.19	88.83
Change (%)	-11.83%	-7.24%	-3.36%	-	+1.88%	+6.29%	+10.83%
Change	-9.48	-5.80	-2.69	-	+1.51	+5.04	+8.68
Level	Major	Minor	Major	-	Major	Intermediate	Intermediate

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	77.97	78.53	79.37	79.93	80.77	81.33	82.17
Camarilla	79.82	79.94	80.07	80.20	80.33	80.46	80.59
Woodie	78.10	78.60	79.50	80.00	80.90	81.40	82.30
Fibonacci	78.53	79.07	79.40	79.93	80.47	80.80	81.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.05	73.10	76.65	80.70	84.25	88.30	91.85
Camarilla	78.11	78.81	79.50	80.20	80.90	81.59	82.29
Woodie	68.80	72.98	76.40	80.58	84.00	88.18	91.60
Fibonacci	73.10	76.00	77.80	80.70	83.60	85.40	88.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.48	66.62	72.98	78.12	84.48	89.62	95.98
Camarilla	76.19	77.24	78.30	79.35	80.40	81.46	82.51
Woodie	62.10	66.93	73.60	78.43	85.10	89.93	96.60
Fibonacci	66.62	71.01	73.72	78.12	82.51	85.22	89.62

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):	53.57
MACD (12,26,9):	0.7400
Directional Movement:	15.76
AROON (14):	50.00
DEMA (21):	80.37
Parabolic SAR (0,02-0,02-0,2):	84.60
Elder Ray (13):	0.37
Super Trend (3,10):	75.87
Zig ZAG (10):	80.15
VORTEX (21):	0.9400
Stochastique (14,3,5):	42.67
TEMA (21):	80.70
Williams %R (14):	-58.60
Chande Momentum Oscillator (20):	1.45
Repulse (5,40,3):	-0.3600
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	5.73

MA7:	80.26
MA20:	79.21
MA50:	77.45
MA100:	79.41
MAexp7:	80.07
MAexp20:	79.39
MAexp50:	78.74
MAexp100:	80.14
Price / MA7:	-0.14%
Price / MA20:	+1.19%
Price / MA50:	+3.49%
Price / MA100:	+0.93%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.96%
Price / MAexp50:	+1.79%
Price / MAexp100:	+0.01%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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