ACANTHE DEV. - Daily - Technical analysis published on 10/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.404 EUR
My targets
0.458 EUR (+9.57%)
0.480 EUR (+14.83%)
My analysis
The strong short-term increase of ACANTHE DEV. should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.404 EUR, a purchase could be considered. The first bullish objective is located at 0.458 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.480 EUR. If there is any crossing, the next objective would be the resistance at 0.508 EUR. Caution, if there is a return under 0.404 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
0
10
3
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Additional analysis
Quotes
The ACANTHE DEV. rating is 0.418 EUR. The price has increased by +5.82% since the last closing with the lowest point at 0.400 EUR and the highest point at 0.418 EUR. The deviation from the price is +4.50% for the low point and 0% for the high point.0.400
0.418
0.418
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this ACANTHE DEV. chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.117 | 0.371 | 0.404 | 0.418 | 0.422 | 0.458 | 0.480 |
| Change (%) | -72.01% | -11.24% | -3.35% | - | +0.96% | +9.57% | +14.83% |
| Change | -0.301 | -0.047 | -0.014 | - | +0.004 | +0.040 | +0.062 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Major |
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 | 0.390 | 0.391 | 0.393 | 0.394 | 0.396 | 0.397 | 0.399 |
| Camarilla | 0.394 | 0.395 | 0.395 | 0.395 | 0.395 | 0.396 | 0.396 |
| Woodie | 0.391 | 0.391 | 0.394 | 0.394 | 0.397 | 0.397 | 0.400 |
| Fibonacci | 0.391 | 0.392 | 0.393 | 0.394 | 0.395 | 0.396 | 0.397 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.337 | 0.352 | 0.371 | 0.386 | 0.405 | 0.420 | 0.439 |
| Camarilla | 0.382 | 0.385 | 0.388 | 0.391 | 0.394 | 0.397 | 0.400 |
| Woodie | 0.340 | 0.353 | 0.374 | 0.387 | 0.408 | 0.421 | 0.442 |
| Fibonacci | 0.352 | 0.365 | 0.373 | 0.386 | 0.399 | 0.407 | 0.420 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.292 | 0.330 | 0.352 | 0.390 | 0.412 | 0.450 | 0.472 |
| Camarilla | 0.358 | 0.363 | 0.369 | 0.374 | 0.380 | 0.385 | 0.391 |
| Woodie | 0.284 | 0.326 | 0.344 | 0.386 | 0.404 | 0.446 | 0.464 |
| Fibonacci | 0.330 | 0.353 | 0.367 | 0.390 | 0.413 | 0.427 | 0.450 |
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): | 55.70 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -1.051 | |
| AROON (14): | 14.285 | |
| DEMA (21): | 0.396 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.433 | |
| Elder Ray (13): | 0.010 | |
| Super Trend (3,10): | 0.361 | |
| Zig ZAG (10): | 0.418 | |
| VORTEX (21): | 0.8550 | |
| Stochastique (14,3,5): | 51.28 | |
| TEMA (21): | 0.399 | |
| Williams %R (14): | -28.21 | |
| Chande Momentum Oscillator (20): | 0.030 | |
| Repulse (5,40,3): | 3.5570 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1330 | |
| Courbe Coppock: | 2.90 |
| MA7: | 0.396 | |
| MA20: | 0.397 | |
| MA50: | 0.408 | |
| MA100: | 0.423 | |
| MAexp7: | 0.401 | |
| MAexp20: | 0.400 | |
| MAexp50: | 0.408 | |
| MAexp100: | 0.424 | |
| Price / MA7: | +5.56% | |
| Price / MA20: | +5.29% | |
| Price / MA50: | +2.45% | |
| Price / MA100: | -1.18% | |
| Price / MAexp7: | +4.24% | |
| Price / MAexp20: | +4.50% | |
| Price / MAexp50: | +2.45% | |
| Price / MAexp100: | -1.42% |
Quotes :
-
15 min delayed data
-
Euronext Paris
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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