ADVICENNE - Weekly - Technical analysis published on 03/12/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.659 EUR
My targets
1.437 EUR (-2.40%)
1.123 EUR (-23.69%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ADVICENNE as long as the price remains well below 1.659 EUR. The sellers' bearish objective is set at 1.437 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.123 EUR. In case of crossing, the next objective would be the support located at 1.003 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ADVICENNE rating 1.472 EUR. The price is up +23.70% over 5 days and has been traded over the last 5 days between 1.400 EUR and 1.548 EUR. This implies that the 5 day price is +5.14% from its lowest point and -4.91% from its highest point.1.400
1.548
1.472
Here is a more detailed summary of the historical variations registered by ADVICENNE:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ADVICENNE in Weekly shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 : Weekly
Bearish harami cross
Type : Bearish
Timeframe : Weekly
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.472 | 3.333 | 6.694 | 9.698 |
| Change (%) | - | +126.43% | +354.76% | +558.83% |
| Change | - | +1.861 | +5.222 | +8.226 |
| Level | - | Intermediate | Intermediate | 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 | 1.292 | 1.346 | 1.422 | 1.476 | 1.552 | 1.606 | 1.682 |
| Camarilla | 1.462 | 1.474 | 1.486 | 1.498 | 1.510 | 1.522 | 1.534 |
| Woodie | 1.303 | 1.352 | 1.433 | 1.482 | 1.563 | 1.612 | 1.693 |
| Fibonacci | 1.346 | 1.396 | 1.426 | 1.476 | 1.526 | 1.556 | 1.606 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.385 | 0.743 | 1.123 | 1.481 | 1.861 | 2.219 | 2.599 |
| Camarilla | 1.301 | 1.369 | 1.436 | 1.504 | 1.572 | 1.639 | 1.707 |
| Woodie | 0.397 | 0.749 | 1.135 | 1.487 | 1.873 | 2.225 | 2.611 |
| Fibonacci | 0.743 | 1.025 | 1.199 | 1.481 | 1.763 | 1.937 | 2.219 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.347 | 0.781 | 1.003 | 1.437 | 1.659 | 2.093 | 2.315 |
| Camarilla | 1.046 | 1.106 | 1.166 | 1.226 | 1.286 | 1.346 | 1.406 |
| Woodie | 0.242 | 0.728 | 0.898 | 1.384 | 1.554 | 2.040 | 2.210 |
| Fibonacci | 0.781 | 1.031 | 1.186 | 1.437 | 1.687 | 1.842 | 2.093 |
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): | 36.22 | |
| MACD (12,26,9): | -0.3720 | |
| Directional Movement: | -5.483 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 1.442 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.510 | |
| Elder Ray (13): | -0.285 | |
| Super Trend (3,10): | 2.258 | |
| Zig ZAG (10): | 1.440 | |
| VORTEX (21): | 0.9410 | |
| Stochastique (14,3,5): | 12.60 | |
| TEMA (21): | 1.423 | |
| Williams %R (14): | -82.83 | |
| Chande Momentum Oscillator (20): | -0.900 | |
| Repulse (5,40,3): | -14.6640 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.9150 | |
| Courbe Coppock: | 43.02 |
| MA7: | 1.425 | |
| MA20: | 1.436 | |
| MA50: | 1.897 | |
| MA100: | 1.939 | |
| MAexp7: | 1.560 | |
| MAexp20: | 1.938 | |
| MAexp50: | 2.684 | |
| MAexp100: | 3.803 | |
| Price / MA7: | +3.30% | |
| Price / MA20: | +2.51% | |
| Price / MA50: | -22.40% | |
| Price / MA100: | -24.08% | |
| Price / MAexp7: | -5.64% | |
| Price / MAexp20: | -24.05% | |
| Price / MAexp50: | -45.16% | |
| Price / MAexp100: | -61.29% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on ADVICENNE at the time of the analysis were as follows:
- Advicenne Announces 51% Growth in Sibnayal® Gross Sales in H1 2023 to almost €1.0 Million
- Advicenne Announces Long-Term Results of the European Clinical Development Program for ADV7103
- Advicenne announces the approval of all resolutions supported by the Board of Directors at its Combined General Meeting
- Advicenne annual combined general meeting of June 8, 2023
- Advicenne 2022 Universal Registration Document Made Available
This member declared not having a position on this financial instrument or a related financial instrument.
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