NOVACYT - 1H - Technical analysis published on 08/22/2024 (GMT)
- 115
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 1.144 EUR
My targets
1.342 EUR (+4.05%)
1.450 EUR (+12.40%)
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 1.144 EUR. The buyers' bullish objective 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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
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 pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOVACYT rating is 1.290 EUR. The price has increased by +17.27% since the last closing with the lowest point at 1.136 EUR and the highest point at 1.380 EUR. The deviation from the price is +13.56% for the low point and -6.52% for the high point.1.136
1.380
1.290
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.840 | 1.023 | 1.144 | 1.290 | 1.450 | 1.590 | 4.024 |
| Change (%) | -34.88% | -20.70% | -11.32% | - | +12.40% | +23.26% | +211.94% |
| Change | -0.450 | -0.267 | -0.146 | - | +0.160 | +0.300 | +2.734 |
| Level | Intermediate | Minor | Minor | - | Minor | Major | Minor |
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 | 0.913 | 1.025 | 1.157 | 1.269 | 1.401 | 1.513 | 1.645 |
| Camarilla | 1.223 | 1.245 | 1.268 | 1.290 | 1.312 | 1.335 | 1.357 |
| Woodie | 0.924 | 1.030 | 1.168 | 1.274 | 1.412 | 1.518 | 1.656 |
| Fibonacci | 1.025 | 1.118 | 1.176 | 1.269 | 1.362 | 1.420 | 1.513 |
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): | 60.68 | |
| MACD (12,26,9): | 0.0590 | |
| Directional Movement: | 16.383 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 1.284 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.211 | |
| Elder Ray (13): | 0.052 | |
| Super Trend (3,10): | 1.072 | |
| Zig ZAG (10): | 1.290 | |
| VORTEX (21): | 1.1150 | |
| Stochastique (14,3,5): | 76.22 | |
| TEMA (21): | 1.290 | |
| Williams %R (14): | -25.28 | |
| Chande Momentum Oscillator (20): | 0.150 | |
| Repulse (5,40,3): | -1.2230 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5150 | |
| Courbe Coppock: | 41.12 |
| MA7: | 1.041 | |
| MA20: | 0.717 | |
| MA50: | 0.626 | |
| MA100: | 0.674 | |
| MAexp7: | 1.278 | |
| MAexp20: | 1.210 | |
| MAexp50: | 1.089 | |
| MAexp100: | 0.932 | |
| Price / MA7: | +23.92% | |
| Price / MA20: | +79.92% | |
| Price / MA50: | +106.07% | |
| Price / MA100: | +91.39% | |
| Price / MAexp7: | +0.94% | |
| Price / MAexp20: | +6.61% | |
| Price / MAexp50: | +18.46% | |
| Price / MAexp100: | +38.41% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on NOVACYT at the time of the generation of this analysis 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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NOVACYT - 1H