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 08/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

28%

33%

My opinion

Bearish under 78.35 EUR

My targets

70.67 EUR (-7.26%)

66.38 EUR (-12.88%)

My analysis

The bearish trend is currently very strong for NEXANS. As long as the price remains below the resistance at 78.35 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 70.67 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 66.38 EUR as an objective. Crossing it would then enable sellers to target 55.40 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.4

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 rating is 76.20 EUR. The price has increased by +4.17% since the last closing with the lowest point at 73.75 EUR and the highest point at 76.55 EUR. The deviation from the price is +3.32% for the low point and -0.46% for the high point.

73.75

76.55

76.20

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NEXANS chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	47.05	55.40	70.67	76.20	78.35	83.18	88.83
Change (%)	-38.25%	-27.30%	-7.26%	-	+2.82%	+9.16%	+16.57%
Change	-29.15	-20.80	-5.53	-	+2.15	+6.98	+12.63
Level	Minor	Major	Major	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71.52	72.28	72.72	73.48	73.92	74.68	75.12
Camarilla	72.82	72.93	73.04	73.15	73.26	73.37	73.48
Woodie	71.35	72.20	72.55	73.40	73.75	74.60	74.95
Fibonacci	72.28	72.74	73.03	73.48	73.94	74.23	74.68

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.05	68.80	70.95	73.70	75.85	78.60	80.75
Camarilla	71.75	72.20	72.65	73.10	73.55	74.00	74.45
Woodie	65.75	68.65	70.65	73.55	75.55	78.45	80.45
Fibonacci	68.80	70.67	71.83	73.70	75.57	76.73	78.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.38	70.87	75.78	80.27	85.18	89.67	94.58
Camarilla	78.12	78.98	79.84	80.70	81.56	82.42	83.29
Woodie	66.60	70.98	76.00	80.38	85.40	89.78	94.80
Fibonacci	70.87	74.46	76.68	80.27	83.86	86.08	89.67

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):	46.91
MACD (12,26,9):	-1.2800
Directional Movement:	-2.04
AROON (14):	-85.71
DEMA (21):	75.15
Parabolic SAR (0,02-0,02-0,2):	77.12
Elder Ray (13):	-0.65
Super Trend (3,10):	77.66
Zig ZAG (10):	76.20
VORTEX (21):	0.7800
Stochastique (14,3,5):	27.84
TEMA (21):	73.90
Williams %R (14):	-49.46
Chande Momentum Oscillator (20):	-3.45
Repulse (5,40,3):	3.1500
ROCnROLL:	-1
TRIX (15,9):	-0.1500
Courbe Coppock:	13.62

MA7:	74.46
MA20:	77.42
MA50:	78.17
MA100:	77.63
MAexp7:	74.88
MAexp20:	76.56
MAexp50:	77.64
MAexp100:	79.18
Price / MA7:	+2.34%
Price / MA20:	-1.58%
Price / MA50:	-2.52%
Price / MA100:	-1.84%
Price / MAexp7:	+1.76%
Price / MAexp20:	-0.47%
Price / MAexp50:	-1.85%
Price / MAexp100:	-3.76%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on NEXANS 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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