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 08/01/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

33%

My opinion

Bearish under 0.370 EUR

My targets

0.354 EUR (-2.21%)

0.344 EUR (-4.97%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ACANTHE DEV.. As long as you are under the resistance located at 0.370 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.354 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.344 EUR as an objective. Crossing it would then enable sellers to target 0.117 EUR. If the resistance 0.370 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

2.9

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 ACANTHE DEV. rating is 0.362 EUR. On the day, this instrument gained +3.43% and was between 0.350 EUR and 0.362 EUR. This implies that the price is at +3.43% from its lowest and at 0% from its highest.

0.350

0.362

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

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

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ACANTHE DEV. chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.117	0.344	0.354	0.362	0.370	0.380	0.415
Change (%)	-67.68%	-4.97%	-2.21%	-	+2.21%	+4.97%	+14.64%
Change	-0.245	-0.018	-0.008	-	+0.008	+0.018	+0.053
Level	Minor	Major	Minor	-	Intermediate	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	0.337	0.343	0.347	0.353	0.357	0.363	0.367
Camarilla	0.347	0.348	0.349	0.350	0.351	0.352	0.353
Woodie	0.335	0.343	0.345	0.353	0.355	0.363	0.365
Fibonacci	0.343	0.347	0.350	0.353	0.357	0.360	0.363

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.337	0.343	0.353	0.359	0.369	0.375	0.385
Camarilla	0.358	0.359	0.361	0.362	0.364	0.365	0.366
Woodie	0.338	0.344	0.354	0.360	0.370	0.376	0.386
Fibonacci	0.343	0.349	0.353	0.359	0.365	0.369	0.375

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.318	0.334	0.342	0.358	0.366	0.382	0.390
Camarilla	0.343	0.346	0.348	0.350	0.352	0.354	0.357
Woodie	0.314	0.332	0.338	0.356	0.362	0.380	0.386
Fibonacci	0.334	0.343	0.349	0.358	0.367	0.373	0.382

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):	49.80
MACD (12,26,9):	-0.0020
Directional Movement:	-23.218
AROON (14):	-21.428
DEMA (21):	0.359
Parabolic SAR (0,02-0,02-0,2):	0.370
Elder Ray (13):	-0.005
Super Trend (3,10):	0.373
Zig ZAG (10):	0.362
VORTEX (21):	0.9070
Stochastique (14,3,5):	33.33
TEMA (21):	0.359
Williams %R (14):	-50.00
Chande Momentum Oscillator (20):	-0.008
Repulse (5,40,3):	4.0350
ROCnROLL:	-1
TRIX (15,9):	-0.0370
Courbe Coppock:	4.22

MA7:	0.358
MA20:	0.364
MA50:	0.363
MA100:	0.373
MAexp7:	0.359
MAexp20:	0.362
MAexp50:	0.364
MAexp100:	0.369
Price / MA7:	+1.12%
Price / MA20:	-0.55%
Price / MA50:	-0.28%
Price / MA100:	-2.95%
Price / MAexp7:	+0.84%
Price / MAexp20:	-0%
Price / MAexp50:	-0.55%
Price / MAexp100:	-1.90%

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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