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 09/03/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 124.7 EUR

My targets

134.7 EUR (+6.40%)

144.5 EUR (+14.14%)

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 124.7 EUR. The buyers' bullish objective is set at 134.7 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 144.5 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

7.9

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 126.6 EUR. The price registered an increase of +7.11% on the session and was between 117.8 EUR and 126.6 EUR. This implies that the price is at +7.47% from its lowest and at 0% from its highest.

117.8

126.6

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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 Daily of this NEXANS chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

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:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	96.5	114.0	124.7	126.6
Change (%)	-23.78%	-9.95%	-1.50%	-
Change	-30.1	-12.6	-1.9	-
Level	Major	Major	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	112.7	113.9	116.1	117.3	119.5	120.7	122.9
Camarilla	117.3	117.6	117.9	118.2	118.5	118.8	119.1
Woodie	113.1	114.2	116.5	117.6	119.9	121.0	123.3
Fibonacci	113.9	115.2	116.0	117.3	118.6	119.4	120.7

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	106.0	110.0	113.4	117.4	120.8	124.8	128.2
Camarilla	114.7	115.3	116.0	116.7	117.4	118.1	118.7
Woodie	105.6	109.9	113.0	117.3	120.4	124.7	127.8
Fibonacci	110.0	112.9	114.6	117.4	120.3	122.0	124.8

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88.1	97.1	106.9	115.9	125.7	134.7	144.5
Camarilla	111.5	113.3	115.0	116.7	118.4	120.2	121.9
Woodie	88.5	97.3	107.3	116.1	126.1	134.9	144.9
Fibonacci	97.1	104.3	108.7	115.9	123.1	127.5	134.7

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):	66.00
MACD (12,26,9):	1.6000
Directional Movement:	10.5
AROON (14):	78.6
DEMA (21):	120.7
Parabolic SAR (0,02-0,02-0,2):	112.6
Elder Ray (13):	2.9
Super Trend (3,10):	113.2
Zig ZAG (10):	126.2
VORTEX (21):	1.2000
Stochastique (14,3,5):	59.60
TEMA (21):	120.3
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	6.4
Repulse (5,40,3):	10.9000
ROCnROLL:	1
TRIX (15,9):	0.2000
Courbe Coppock:	0.90

MA7:	118.2
MA20:	119.5
MA50:	113.3
MA100:	109.1
MAexp7:	119.7
MAexp20:	118.3
MAexp50:	114.6
MAexp100:	108.8
Price / MA7:	+7.11%
Price / MA20:	+5.94%
Price / MA50:	+11.74%
Price / MA100:	+16.04%
Price / MAexp7:	+5.76%
Price / MAexp20:	+7.02%
Price / MAexp50:	+10.47%
Price / MAexp100:	+16.36%

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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