NOVACYT - 1H - Technical analysis published on 08/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.342 EUR
My targets
1.555 EUR (+11.05%)
1.961 EUR (+40.09%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOVACYT as long as the price remains well above 1.342 EUR. The buyers' bullish objective is set at 1.555 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.961 EUR. If there is any crossing, the next objective would be the resistance located at 4.024 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
0
10
8.2
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOVACYT rating is 1.400 EUR. The price registered an increase of +23.89% on the session with the lowest point at 1.170 EUR and the highest point at 1.590 EUR. The deviation from the price is +19.66% for the low point and -11.95% for the high point.1.170
1.590
1.400
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this NOVACYT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.711 | 0.770 | 0.840 | 1.400 | 4.024 | 5.031 | 6.990 |
| Change (%) | -49.22% | -45.00% | -40.01% | - | +187.43% | +259.39% | +399.29% |
| Change | -0.689 | -0.630 | -0.560 | - | +2.624 | +3.631 | +5.590 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.763 | 0.967 | 1.183 | 1.387 | 1.603 | 1.807 | 2.023 |
| Camarilla | 1.285 | 1.323 | 1.362 | 1.400 | 1.439 | 1.477 | 1.516 |
| Woodie | 0.770 | 0.970 | 1.190 | 1.390 | 1.610 | 1.810 | 2.030 |
| Fibonacci | 0.967 | 1.127 | 1.226 | 1.387 | 1.547 | 1.646 | 1.807 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.104 | 0.317 | 0.723 | 0.936 | 1.342 | 1.555 | 1.961 |
| Camarilla | 0.960 | 1.017 | 1.073 | 1.130 | 1.187 | 1.244 | 1.300 |
| Woodie | 0.202 | 0.365 | 0.821 | 0.984 | 1.440 | 1.603 | 2.059 |
| Fibonacci | 0.317 | 0.553 | 0.699 | 0.936 | 1.172 | 1.318 | 1.555 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.324 | 0.419 | 0.480 | 0.575 | 0.636 | 0.731 | 0.792 |
| Camarilla | 0.497 | 0.511 | 0.526 | 0.540 | 0.554 | 0.569 | 0.583 |
| Woodie | 0.306 | 0.411 | 0.462 | 0.567 | 0.618 | 0.723 | 0.774 |
| Fibonacci | 0.419 | 0.479 | 0.516 | 0.575 | 0.635 | 0.672 | 0.731 |
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): | 78.85 | |
| MACD (12,26,9): | 0.1980 | |
| Directional Movement: | 33.539 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 1.429 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.590 | |
| Elder Ray (13): | 0.102 | |
| Super Trend (3,10): | 1.201 | |
| Zig ZAG (10): | 1.400 | |
| VORTEX (21): | 1.2480 | |
| Stochastique (14,3,5): | 80.00 | |
| TEMA (21): | 1.521 | |
| Williams %R (14): | -26.80 | |
| Chande Momentum Oscillator (20): | 0.470 | |
| Repulse (5,40,3): | -0.5440 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.1140 | |
| Courbe Coppock: | 128.09 |
| MA7: | 0.793 | |
| MA20: | 0.633 | |
| MA50: | 0.597 | |
| MA100: | 0.656 | |
| MAexp7: | 1.388 | |
| MAexp20: | 1.178 | |
| MAexp50: | 0.921 | |
| MAexp100: | 0.766 | |
| Price / MA7: | +76.54% | |
| Price / MA20: | +121.17% | |
| Price / MA50: | +134.51% | |
| Price / MA100: | +113.41% | |
| Price / MAexp7: | +0.86% | |
| Price / MAexp20: | +18.85% | |
| Price / MAexp50: | +52.01% | |
| Price / MAexp100: | +82.77% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on NOVACYT at the time of the analysis were as follows:
- Novacyt S.A. ("Novacyt", the "Company" or the "Group"): DHSC Claim Update – Trial Date Listed
- Novacyt S.A. ("Novacyt", the "Company" or the "Group") Full Year 2022 Trading Update
- Novacyt S.A. ("Novacyt", the "Company" or the "Group"): Non-Executive Director Change
- Novacyt S.A. ("Novacyt", the "Company" or the "Group"): Approval of genesig® COVID-19 3G PCR Test in the UK Under CTDA Legislation
- Novacyt S.A. ("Novacyt", the "Company" or the "Group"): Directorate Change
This member declared not having a position on this financial instrument or a related financial instrument.
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