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 05/23/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 104.61 EUR

My targets

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 104.61 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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

The NEXANS price is 111.90 EUR. The price registered an increase of +3.13% on the session and was traded between 108.70 EUR and 112.00 EUR over the period. The price is currently at +2.94% from its lowest and -0.09% from its highest.

108.70

112.00

111.90

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

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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 Daily 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 market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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 3

Type : Neutral

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	75.95	81.41	96.51	111.90
Change (%)	-32.13%	-27.25%	-13.75%	-
Change	-35.95	-30.49	-15.39	-
Level	Minor	Intermediate	Major	-

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	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	75.26
MACD (12,26,9):	3.6000
Directional Movement:	25.23
AROON (14):	100.00
DEMA (21):	109.07
Parabolic SAR (0,02-0,02-0,2):	106.70
Elder Ray (13):	3.87
Super Trend (3,10):	103.43
Zig ZAG (10):	111.90
VORTEX (21):	1.2600
Stochastique (14,3,5):	93.91
TEMA (21):	110.55
Williams %R (14):	-0.71
Chande Momentum Oscillator (20):	10.17
Repulse (5,40,3):	4.3700
ROCnROLL:	1
TRIX (15,9):	0.4500
Courbe Coppock:	20.12

MA7:	108.58
MA20:	103.61
MA50:	98.31
MA100:	91.64
MAexp7:	108.48
MAexp20:	104.53
MAexp50:	99.08
MAexp100:	92.92
Price / MA7:	+3.06%
Price / MA20:	+8.00%
Price / MA50:	+13.82%
Price / MA100:	+22.11%
Price / MAexp7:	+3.15%
Price / MAexp20:	+7.05%
Price / MAexp50:	+12.94%
Price / MAexp100:	+20.43%

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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