PASSAT
PASSAT
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: PSAT
ISIN: FR0000038465

PASSAT - Daily - Technical analysis published on 01/09/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 4.80 EUR
My targets
5.20 EUR (+1.56%)
5.40 EUR (+5.47%)
My analysis
PASSAT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.80 EUR. The next resistance located at 5.20 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.40 EUR. After this resistance, buyers could then target 5.58 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5

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 Londinia.

Additional analysis

Quotes

The PASSAT rating is 5.12 EUR. On the day, this instrument gained +7.56% with the lowest point at 4.99 EUR and the highest point at 5.12 EUR. The deviation from the price is +2.61% for the low point and 0% for the high point.

4.99
5.12
5.12

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.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of PASSAT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.39 4.54 4.80 5.12 5.20 5.40 5.58
Change (%) -14.26% -11.33% -6.25% - +1.56% +5.47% +8.98%
Change -0.73 -0.58 -0.32 - +0.08 +0.28 +0.46
Level Major Minor Major - Major Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.764.764.764.764.764.764.76
Camarilla4.764.764.764.764.764.764.76
Woodie4.764.764.764.764.764.764.76
Fibonacci4.764.764.764.764.764.764.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.444.594.684.834.925.075.16
Camarilla4.694.724.744.764.784.804.83
Woodie4.404.584.644.824.885.065.12
Fibonacci4.594.694.744.834.934.985.07


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.104.334.664.895.225.455.78
Camarilla4.844.894.944.995.045.095.14
Woodie4.154.364.714.925.275.485.83
Fibonacci4.334.544.684.895.105.245.45

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): 56.22
MACD (12,26,9): -0.0100
Directional Movement: 20.59
AROON (14): 92.86
DEMA (21): 4.90
Parabolic SAR (0,02-0,02-0,2): 4.66
Elder Ray (13): 0.15
Super Trend (3,10): 5.14
Zig ZAG (10): 5.12
VORTEX (21): 0.7500
Stochastique (14,3,5): 58.97
TEMA (21): 4.87
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.20
Repulse (5,40,3): 1.6100
ROCnROLL: 1
TRIX (15,9): -0.0600
Courbe Coppock: 2.35
MA7: 4.89
MA20: 4.91
MA50: 4.94
MA100: 4.76
MAexp7: 4.91
MAexp20: 4.91
MAexp50: 4.90
MAexp100: 4.88
Price / MA7: +4.70%
Price / MA20: +4.28%
Price / MA50: +3.64%
Price / MA100: +7.56%
Price / MAexp7: +4.28%
Price / MAexp20: +4.28%
Price / MAexp50: +4.49%
Price / MAexp100: +4.92%

Quotes : - 15 min delayed data - Euronext Paris

News


The latest news and videos published on PASSAT at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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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…

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