NEXANS

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	NEX
ISIN:	FR0000044448

NEXANS - 1H - Technical analysis published on 05/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 108.61 EUR

My targets

112.10 EUR (+1.82%)

114.75 EUR (+4.22%)

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 108.61 EUR. The buyers' bullish objective is set at 112.10 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 114.75 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NEXANS rating 110.10 EUR. The price registered an increase of +1.48% on the session and was between 108.70 EUR and 110.20 EUR. This implies that the price is at +1.29% from its lowest and at -0.09% from its highest.

108.70

110.20

110.10

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NEXANS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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 shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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:

Upside gap

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	100.07	106.72	108.61	110.10
Change (%)	-9.11%	-3.07%	-1.35%	-
Change	-10.03	-3.38	-1.49	-
Level	Minor	Intermediate	Intermediate	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	106.53	107.17	107.83	108.47	109.13	109.77	110.43
Camarilla	108.14	108.26	108.38	108.50	108.62	108.74	108.86
Woodie	106.55	107.18	107.85	108.48	109.15	109.78	110.45
Fibonacci	107.17	107.66	107.97	108.47	108.96	109.27	109.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	99.48	101.92	104.57	107.01	109.66	112.10	114.75
Camarilla	105.81	106.28	106.74	107.21	107.68	108.14	108.61
Woodie	99.58	101.97	104.67	107.06	109.76	112.15	114.85
Fibonacci	101.92	103.87	105.07	107.01	108.96	110.16	112.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.07	89.23	93.76	96.92	101.45	104.61	109.14
Camarilla	96.19	96.89	97.60	98.30	99.01	99.71	100.42
Woodie	86.77	89.57	94.46	97.26	102.15	104.95	109.84
Fibonacci	89.23	92.16	93.98	96.92	99.85	101.67	104.61

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):	72.37
MACD (12,26,9):	0.4800
Directional Movement:	26.86
AROON (14):	92.86
DEMA (21):	108.81
Parabolic SAR (0,02-0,02-0,2):	107.38
Elder Ray (13):	0.90
Super Trend (3,10):	107.70
Zig ZAG (10):	110.20
VORTEX (21):	1.0800
Stochastique (14,3,5):	81.94
TEMA (21):	109.10
Williams %R (14):	-2.86
Chande Momentum Oscillator (20):	3.10
Repulse (5,40,3):	1.7300
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	3.07

MA7:	108.33
MA20:	103.51
MA50:	98.27
MA100:	91.62
MAexp7:	108.86
MAexp20:	108.21
MAexp50:	107.45
MAexp100:	105.89
Price / MA7:	+1.63%
Price / MA20:	+6.37%
Price / MA50:	+12.04%
Price / MA100:	+20.17%
Price / MAexp7:	+1.14%
Price / MAexp20:	+1.75%
Price / MAexp50:	+2.47%
Price / MAexp100:	+3.98%

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.

About author

Londinia AI

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