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 01/09/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 74.27 EUR

My targets

79.99 EUR (+3.35%)

83.24 EUR (+7.55%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NEXANS as long as the price remains well above 74.27 EUR. The buyers' bullish objective is set at 79.99 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 83.24 EUR. If there is any crossing, the next objective would be the resistance located at 88.83 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

Force

6.6

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 77.40 EUR. On the day, this instrument gained +3.13% and was traded between 76.90 EUR and 79.60 EUR over the period. The price is currently at +0.65% from its lowest and -2.76% from its highest.

76.90

79.60

77.40

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NEXANS chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67.55	71.97	74.27	77.40	77.71	79.99	83.24
Change (%)	-12.73%	-7.02%	-4.04%	-	+0.40%	+3.35%	+7.55%
Change	-9.85	-5.43	-3.13	-	+0.31	+2.59	+5.84
Level	Minor	Major	Major	-	Major	Major	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	71.43	72.22	73.63	74.42	75.83	76.62	78.03
Camarilla	74.45	74.65	74.85	75.05	75.25	75.45	75.66
Woodie	71.75	72.38	73.95	74.58	76.15	76.78	78.35
Fibonacci	72.22	73.06	73.58	74.42	75.26	75.78	76.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.53	67.32	70.43	75.22	78.33	83.12	86.23
Camarilla	71.38	72.10	72.83	73.55	74.27	75.00	75.72
Woodie	61.70	66.90	69.60	74.80	77.50	82.70	85.40
Fibonacci	67.32	70.33	72.20	75.22	78.23	80.10	83.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.95	68.35	73.80	77.20	82.65	86.05	91.50
Camarilla	76.82	77.63	78.44	79.25	80.06	80.87	81.68
Woodie	65.98	68.86	74.83	77.71	83.68	86.56	92.53
Fibonacci	68.35	71.73	73.82	77.20	80.58	82.67	86.05

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):	55.66
MACD (12,26,9):	0.9200
Directional Movement:	7.60
AROON (14):	-42.85
DEMA (21):	77.72
Parabolic SAR (0,02-0,02-0,2):	72.10
Elder Ray (13):	1.67
Super Trend (3,10):	79.46
Zig ZAG (10):	77.40
VORTEX (21):	0.9900
Stochastique (14,3,5):	38.04
TEMA (21):	77.30
Williams %R (14):	-37.65
Chande Momentum Oscillator (20):	-1.45
Repulse (5,40,3):	-2.3600
ROCnROLL:	1
TRIX (15,9):	0.3200
Courbe Coppock:	1.30

MA7:	76.43
MA20:	76.98
MA50:	72.41
MA100:	72.67
MAexp7:	76.39
MAexp20:	76.18
MAexp50:	74.25
MAexp100:	74.16
Price / MA7:	+1.27%
Price / MA20:	+0.55%
Price / MA50:	+6.89%
Price / MA100:	+6.51%
Price / MAexp7:	+1.32%
Price / MAexp20:	+1.60%
Price / MAexp50:	+4.24%
Price / MAexp100:	+4.37%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on NEXANS at the time of the analysis were as follows:

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

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