NEXANS
1.48
EUR
(+0.00%)
03/26/2025 - 15:00
Open 15 min delayed data - Euronext Paris
| Open: | 1.48 |
| Change: | 0 |
| Volume: | 0 |
| Low: | 1.48 |
| High: | 1.48 |
| High / Low range: | 0 |
| Type: | Stocks |
| Ticker: | NEX |
| ISIN: | FR0000044448 |
NEXANS - 1H - Technical analysis published on 12/16/2024 (GMT)
- 136
- 0
- 12/16/2024 - 09:10
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on 12/16/2024 - 09:10
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 109.20 EUR
My targets
102.90 EUR (-2.83%)
101.30 EUR (-4.34%)
My analysis
The bearish trend is currently very strong for NEXANS. As long as the price remains below the resistance at 109.20 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 102.90 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 101.30 EUR as an objective. Crossing it would then enable sellers to target 96.50 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1
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 rating is 105.90 EUR. The price registered a decrease of -0.09% on the session and was traded between 105.40 EUR and 106.60 EUR over the period. The price is currently at +0.47% from its lowest and -0.66% from its highest.105.40
106.60
105.90
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NEXANS chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 101.30 | 102.90 | 105.70 | 105.90 | 109.20 | 112.20 | 114.30 |
| Change (%) | -4.34% | -2.83% | -0.19% | - | +3.12% | +5.95% | +7.93% |
| Change | -4.60 | -3.00 | -0.20 | - | +3.30 | +6.30 | +8.40 |
| Level | Intermediate | Minor | 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 | 103.20 | 104.60 | 105.30 | 106.70 | 107.40 | 108.80 | 109.50 |
| Camarilla | 105.42 | 105.62 | 105.81 | 106.00 | 106.19 | 106.39 | 106.58 |
| Woodie | 102.85 | 104.43 | 104.95 | 106.53 | 107.05 | 108.63 | 109.15 |
| Fibonacci | 104.60 | 105.40 | 105.90 | 106.70 | 107.50 | 108.00 | 108.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.73 | 101.87 | 103.93 | 108.07 | 110.13 | 114.27 | 116.33 |
| Camarilla | 104.30 | 104.86 | 105.43 | 106.00 | 106.57 | 107.14 | 107.71 |
| Woodie | 96.70 | 101.35 | 102.90 | 107.55 | 109.10 | 113.75 | 115.30 |
| Fibonacci | 101.87 | 104.24 | 105.70 | 108.07 | 110.44 | 111.90 | 114.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.30 | 84.60 | 96.00 | 114.30 | 125.70 | 144.00 | 155.40 |
| Camarilla | 99.23 | 101.96 | 104.68 | 107.40 | 110.12 | 112.85 | 115.57 |
| Woodie | 62.85 | 82.88 | 92.55 | 112.58 | 122.25 | 142.28 | 151.95 |
| Fibonacci | 84.60 | 95.95 | 102.96 | 114.30 | 125.65 | 132.66 | 144.00 |
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): | 31.09 | |
| MACD (12,26,9): | -1.0100 | |
| Directional Movement: | -24.91 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 106.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 107.12 | |
| Elder Ray (13): | -0.96 | |
| Super Trend (3,10): | 108.09 | |
| Zig ZAG (10): | 106.00 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 6.45 | |
| TEMA (21): | 105.66 | |
| Williams %R (14): | -80.65 | |
| Chande Momentum Oscillator (20): | -1.80 | |
| Repulse (5,40,3): | -0.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 4.31 |
| MA7: | 108.93 | |
| MA20: | 108.25 | |
| MA50: | 120.55 | |
| MA100: | 121.26 | |
| MAexp7: | 106.44 | |
| MAexp20: | 107.52 | |
| MAexp50: | 108.58 | |
| MAexp100: | 109.05 | |
| Price / MA7: | -2.78% | |
| Price / MA20: | -2.17% | |
| Price / MA50: | -12.15% | |
| Price / MA100: | -12.67% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -1.51% | |
| Price / MAexp50: | -2.47% | |
| Price / MAexp100: | -2.89% |
Quotes :
12/16/2024 - 08:51
-
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:
- 12/12/2024 - 07:30 Press release
- 12/03/2024 - 11:30 Information on share capital and voting rights - November 2024
- 12/02/2024 - 11:30 Disclosure of trading in own shares from November 25, 2024 to November 29, 2024
- 11/25/2024 - 14:10 Disclosure of trading in own shares from November 18, 2024 to November 21, 2024
- 11/18/2024 - 17:45 Disclosure of trading in own shares from November 12, 2024 to November 14, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NEXANS - 1H