ADVICENNE - Daily - Technical analysis published on 03/28/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.806 EUR
My targets
2.045 EUR (+4.55%)
2.315 EUR (+18.37%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ADVICENNE as long as the price remains well above 1.806 EUR. The buyers' bullish objective is set at 2.045 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.315 EUR. If there is any crossing, the next objective would be the resistance located at 2.600 EUR.
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
2.5
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADVICENNE rating is 1.956 EUR. The price registered a decrease of -7.74% on the session with the lowest point at 1.722 EUR and the highest point at 2.075 EUR. The deviation from the price is +13.59% for the low point and -5.73% for the high point.1.722
2.075
1.956
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ADVICENNE:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ADVICENNE in Daily shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.130 | 1.440 | 1.726 | 1.956 | 2.045 | 2.600 | 2.920 |
| Change (%) | -42.23% | -26.38% | -11.76% | - | +4.55% | +32.92% | +49.28% |
| Change | -0.826 | -0.516 | -0.230 | - | +0.089 | +0.644 | +0.964 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.892 | 1.953 | 2.037 | 2.098 | 2.182 | 2.243 | 2.327 |
| Camarilla | 2.080 | 2.093 | 2.107 | 2.120 | 2.133 | 2.147 | 2.160 |
| Woodie | 1.903 | 1.959 | 2.048 | 2.104 | 2.193 | 2.249 | 2.338 |
| Fibonacci | 1.953 | 2.009 | 2.043 | 2.098 | 2.154 | 2.188 | 2.243 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.090 | 1.246 | 1.448 | 1.604 | 1.806 | 1.962 | 2.164 |
| Camarilla | 1.552 | 1.584 | 1.617 | 1.650 | 1.683 | 1.716 | 1.749 |
| Woodie | 1.113 | 1.258 | 1.471 | 1.616 | 1.829 | 1.974 | 2.187 |
| Fibonacci | 1.246 | 1.383 | 1.467 | 1.604 | 1.741 | 1.825 | 1.962 |
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): | 54.21 | |
| MACD (12,26,9): | 0.0950 | |
| Directional Movement: | 14.845 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 1.770 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.400 | |
| Elder Ray (13): | 0.143 | |
| Super Trend (3,10): | 1.589 | |
| Zig ZAG (10): | 1.902 | |
| VORTEX (21): | 1.0230 | |
| Stochastique (14,3,5): | 62.86 | |
| TEMA (21): | 1.959 | |
| Williams %R (14): | -49.29 | |
| Chande Momentum Oscillator (20): | 0.414 | |
| Repulse (5,40,3): | -5.0230 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 64.99 |
| MA7: | 1.855 | |
| MA20: | 1.573 | |
| MA50: | 1.664 | |
| MA100: | 1.920 | |
| MAexp7: | 1.884 | |
| MAexp20: | 1.681 | |
| MAexp50: | 1.723 | |
| MAexp100: | 1.943 | |
| Price / MA7: | +5.44% | |
| Price / MA20: | +24.35% | |
| Price / MA50: | +17.55% | |
| Price / MA100: | +1.88% | |
| Price / MAexp7: | +3.82% | |
| Price / MAexp20: | +16.36% | |
| Price / MAexp50: | +13.52% | |
| Price / MAexp100: | +0.67% |
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.
About author
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