NOVACYT - 1H - Technical analysis published on 08/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
67%
22%
My opinion
Bullish above 0.936 EUR
My targets
1.342 EUR (+36.97%)
1.450 EUR (+47.96%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.936 EUR remains possible. It is advisable to trade NOVACYT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.936 EUR. The next bullish objective for buyers is set at 1.342 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.450 EUR. If there is any crossing, the next objective would be the resistance located at 4.024 EUR. PS: if there is a bearish break in the support located at 0.936 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7
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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 price is 0.980 EUR. The price is lower by -30.00% since the last closing and was between 0.952 EUR and 1.378 EUR. This implies that the price is at +2.94% from its lowest and at -28.88% from its highest.0.952
1.378
0.980
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOVACYT:
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 bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.617 | 0.711 | 0.840 | 0.980 | 1.450 | 4.024 | 5.031 |
| Change (%) | -37.04% | -27.45% | -14.29% | - | +47.96% | +310.61% | +413.37% |
| Change | -0.363 | -0.269 | -0.140 | - | +0.470 | +3.044 | +4.051 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.403 | 0.677 | 0.829 | 1.103 | 1.255 | 1.529 | 1.681 |
| Camarilla | 0.863 | 0.902 | 0.941 | 0.980 | 1.019 | 1.058 | 1.097 |
| Woodie | 0.341 | 0.647 | 0.767 | 1.073 | 1.193 | 1.499 | 1.619 |
| Fibonacci | 0.677 | 0.840 | 0.941 | 1.103 | 1.266 | 1.367 | 1.529 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.41 | |
| MACD (12,26,9): | 0.0220 | |
| Directional Movement: | -3.109 | |
| AROON (14): | -64.285 | |
| DEMA (21): | 1.177 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.307 | |
| Elder Ray (13): | -0.106 | |
| Super Trend (3,10): | 1.322 | |
| Zig ZAG (10): | 0.980 | |
| VORTEX (21): | 1.0090 | |
| Stochastique (14,3,5): | 6.79 | |
| TEMA (21): | 1.092 | |
| Williams %R (14): | -95.61 | |
| Chande Momentum Oscillator (20): | -0.468 | |
| Repulse (5,40,3): | -9.7890 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.3100 | |
| Courbe Coppock: | 32.26 |
| MA7: | 0.856 | |
| MA20: | 0.655 | |
| MA50: | 0.603 | |
| MA100: | 0.660 | |
| MAexp7: | 1.064 | |
| MAexp20: | 1.112 | |
| MAexp50: | 0.968 | |
| MAexp100: | 0.818 | |
| Price / MA7: | +14.49% | |
| Price / MA20: | +49.62% | |
| Price / MA50: | +62.52% | |
| Price / MA100: | +48.48% | |
| Price / MAexp7: | -7.89% | |
| Price / MAexp20: | -11.87% | |
| Price / MAexp50: | +1.24% | |
| Price / MAexp100: | +19.80% |
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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