ACANTHE DEV.

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ACAN
ISIN:	FR0000064602

ACANTHE DEV. - Daily - Technical analysis published on 10/19/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

67%

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

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 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

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:

The Central Volumes scanner notes the presence of abnormal volumes:

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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

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

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.

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