RALLYE - 1H - Technical analysis published on 12/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
RALLYE Chart
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 0.1551 EUR
My targets
0.1405 EUR (-5.70%)
0.1311 EUR (-12.01%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.1551 EUR remains possible. It is advisable to trade RALLYE with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.1551 EUR. The next bearish objective for sellers is set at 0.1405 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.1311 EUR. In case of crossing, the next objective would be the support located at 0.0952 EUR. PS: if there is a bullish break in the resistance located at 0.1551 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.3
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 RALLYE rating is 0.1490 EUR. On the day, this instrument gained +4.05% with the lowest point at 0.1400 EUR and the highest point at 0.1498 EUR. The deviation from the price is +6.43% for the low point and -0.53% for the high point.0.1400
0.1498
0.1490
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of RALLYE indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
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 | 0.0952 | 0.1311 | 0.1405 | 0.1490 | 0.1551 | 0.1778 | 0.2000 |
| Change (%) | -36.11% | -12.01% | -5.70% | - | +4.09% | +19.33% | +34.23% |
| Change | -0.0538 | -0.0179 | -0.0085 | - | +0.0061 | +0.0288 | +0.0510 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1291 | 0.1345 | 0.1389 | 0.1443 | 0.1487 | 0.1541 | 0.1585 |
| Camarilla | 0.1405 | 0.1414 | 0.1423 | 0.1432 | 0.1441 | 0.1450 | 0.1459 |
| Woodie | 0.1285 | 0.1343 | 0.1383 | 0.1441 | 0.1481 | 0.1539 | 0.1579 |
| Fibonacci | 0.1345 | 0.1383 | 0.1406 | 0.1443 | 0.1481 | 0.1504 | 0.1541 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0768 | 0.1040 | 0.1236 | 0.1508 | 0.1704 | 0.1976 | 0.2172 |
| Camarilla | 0.1303 | 0.1346 | 0.1389 | 0.1432 | 0.1475 | 0.1518 | 0.1561 |
| Woodie | 0.0730 | 0.1021 | 0.1198 | 0.1489 | 0.1666 | 0.1957 | 0.2134 |
| Fibonacci | 0.1040 | 0.1219 | 0.1329 | 0.1508 | 0.1687 | 0.1797 | 0.1976 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.4114 | -0.1885 | -0.0077 | 0.2152 | 0.3960 | 0.6189 | 0.7997 |
| Camarilla | 0.0622 | 0.0992 | 0.1362 | 0.1732 | 0.2102 | 0.2472 | 0.2842 |
| Woodie | -0.4324 | -0.1990 | -0.0287 | 0.2047 | 0.3751 | 0.6084 | 0.7788 |
| Fibonacci | -0.1885 | -0.0343 | 0.0610 | 0.2152 | 0.3694 | 0.4647 | 0.6189 |
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): | 44.98 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | 5.9631 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.1426 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1372 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 0.1547 | |
| Zig ZAG (10): | 0.1436 | |
| VORTEX (21): | 0.8987 | |
| Stochastique (14,3,5): | 53.74 | |
| TEMA (21): | 0.1437 | |
| Williams %R (14): | -63.27 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | -4.5486 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2673 | |
| Courbe Coppock: | 0.83 |
| MA7: | 0.1528 | |
| MA20: | 0.1549 | |
| MA50: | 0.1279 | |
| MA100: | 0.1434 | |
| MAexp7: | 0.1457 | |
| MAexp20: | 0.1458 | |
| MAexp50: | 0.1509 | |
| MAexp100: | 0.1564 | |
| Price / MA7: | -2.49% | |
| Price / MA20: | -3.81% | |
| Price / MA50: | +16.50% | |
| Price / MA100: | +3.91% | |
| Price / MAexp7: | +2.26% | |
| Price / MAexp20: | +2.19% | |
| Price / MAexp50: | -1.26% | |
| Price / MAexp100: | -4.73% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on RALLYE. At the time of publication of this analysis, the latest news was as follows:
- RALLYE S.A.: Appeal against the decision of the Sanctions Commission of the French Financial Market Authority
- RALLYE S.A.: Opening of ad hoc proceedings
- RALLYE S.A.: Financial restructuring of Casino
- RALLYE S.A.: Extension of conciliation proceedings
- RALLYE S.A.: Appeal against the decision of the Sanctions Commission of the French Financial Market Authority
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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