NOVACYT - 1H - Technical analysis published on 08/21/2024 (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
22%
33%
44%
My opinion
Bullish above 1.012 EUR
My targets
1.342 EUR (+25.68%)
1.450 EUR (+35.77%)
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 1.012 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 1.012 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 1.590 EUR. PS: if there is a bearish break in the support located at 1.012 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.1
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOVACYT rating 1.068 EUR. The price has increased by +8.98% since the last closing and was traded between 0.943 EUR and 1.090 EUR over the period. The price is currently at +13.26% from its lowest and -2.02% from its highest.0.943
1.090
1.068
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
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
Technical analysis of this 1H chart of NOVACYT indicates that the overall trend is bullish. 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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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:
Piercing line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.711 | 0.840 | 1.012 | 1.068 | 1.450 | 1.590 | 4.024 |
| Change (%) | -33.43% | -21.35% | -5.24% | - | +35.77% | +48.88% | +276.78% |
| Change | -0.357 | -0.228 | -0.056 | - | +0.382 | +0.522 | +2.956 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Minor |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.77 | |
| MACD (12,26,9): | 0.0140 | |
| Directional Movement: | 0.926 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 1.157 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.271 | |
| Elder Ray (13): | -0.086 | |
| Super Trend (3,10): | 1.322 | |
| Zig ZAG (10): | 1.030 | |
| VORTEX (21): | 0.9820 | |
| Stochastique (14,3,5): | 10.65 | |
| TEMA (21): | 1.069 | |
| Williams %R (14): | -87.79 | |
| Chande Momentum Oscillator (20): | -0.488 | |
| Repulse (5,40,3): | -1.1770 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.0950 | |
| Courbe Coppock: | 41.11 |
| MA7: | 0.925 | |
| MA20: | 0.680 | |
| MA50: | 0.611 | |
| MA100: | 0.666 | |
| MAexp7: | 1.054 | |
| MAexp20: | 1.103 | |
| MAexp50: | 0.971 | |
| MAexp100: | 0.822 | |
| Price / MA7: | +15.46% | |
| Price / MA20: | +57.06% | |
| Price / MA50: | +74.80% | |
| Price / MA100: | +60.36% | |
| Price / MAexp7: | +1.33% | |
| Price / MAexp20: | -3.17% | |
| Price / MAexp50: | +9.99% | |
| Price / MAexp100: | +29.93% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on NOVACYT. At the time of publication of this analysis, the latest news was 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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