NOVACYT - 1H - Technical analysis published on 08/26/2024 (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
17%
50%
33%
My opinion
Bullish above 0.943 EUR
My targets
1.148 EUR (+0.70%)
1.235 EUR (+8.33%)
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 NOVACYT. As long as you are above the support located at 0.943 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.148 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.235 EUR as an objective. Crossing it would then enable buyers to target 1.400 EUR. If the support 0.943 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
0.4
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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 1.140 EUR. On the day, this instrument lost -2.73% with the lowest point at 1.066 EUR and the highest point at 1.148 EUR. The deviation from the price is +6.94% for the low point and -0.70% for the high point.1.066
1.148
1.140
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. The signals given by moving averages are 64.29% bullish. This bullish 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, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.712 | 0.837 | 0.943 | 1.140 | 1.148 | 1.400 | 1.590 |
| Change (%) | -37.54% | -26.58% | -17.28% | - | +0.70% | +22.81% | +39.47% |
| Change | -0.428 | -0.303 | -0.197 | - | +0.008 | +0.260 | +0.450 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Minor |
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 | 0.815 | 0.969 | 1.071 | 1.225 | 1.327 | 1.481 | 1.583 |
| Camarilla | 1.102 | 1.125 | 1.149 | 1.172 | 1.196 | 1.219 | 1.242 |
| Woodie | 0.788 | 0.956 | 1.044 | 1.212 | 1.300 | 1.468 | 1.556 |
| Fibonacci | 0.969 | 1.067 | 1.128 | 1.225 | 1.323 | 1.384 | 1.481 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.233 | 0.588 | 0.880 | 1.235 | 1.527 | 1.882 | 2.174 |
| Camarilla | 0.994 | 1.053 | 1.113 | 1.172 | 1.231 | 1.291 | 1.350 |
| Woodie | 0.202 | 0.572 | 0.849 | 1.219 | 1.496 | 1.866 | 2.143 |
| Fibonacci | 0.588 | 0.835 | 0.988 | 1.235 | 1.482 | 1.635 | 1.882 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.40 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | -5.377 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 1.225 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.317 | |
| Elder Ray (13): | -0.098 | |
| Super Trend (3,10): | 1.072 | |
| Zig ZAG (10): | 1.140 | |
| VORTEX (21): | 0.9390 | |
| Stochastique (14,3,5): | 20.76 | |
| TEMA (21): | 1.187 | |
| Williams %R (14): | -76.43 | |
| Chande Momentum Oscillator (20): | -0.146 | |
| Repulse (5,40,3): | 6.3980 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3300 | |
| Courbe Coppock: | 8.63 |
| MA7: | 1.173 | |
| MA20: | 0.774 | |
| MA50: | 0.649 | |
| MA100: | 0.687 | |
| MAexp7: | 1.187 | |
| MAexp20: | 1.203 | |
| MAexp50: | 1.128 | |
| MAexp100: | 0.982 | |
| Price / MA7: | -2.81% | |
| Price / MA20: | +47.29% | |
| Price / MA50: | +75.65% | |
| Price / MA100: | +65.94% | |
| Price / MAexp7: | -3.96% | |
| Price / MAexp20: | -5.24% | |
| Price / MAexp50: | +1.06% | |
| Price / MAexp100: | +16.09% |
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.
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