SAFRAN - Daily - Technical analysis published on 09/11/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 205.60 EUR
My targets
188.80 EUR (-3.67%)
171.73 EUR (-12.38%)
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 205.60 EUR remains possible. It is advisable to trade SAFRAN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 205.60 EUR. The next bearish objective for sellers is set at 188.80 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 171.73 EUR. In case of crossing, the next objective would be the support located at 165.66 EUR. PS: if there is a bullish break in the resistance located at 205.60 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.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SAFRAN price is 196.00 EUR. On the day, this instrument lost -0.08% and was traded between 195.40 EUR and 196.80 EUR over the period. The price is currently at +0.31% from its lowest and -0.41% from its highest.195.40
196.80
196.00
Here is a more detailed summary of the historical variations registered by SAFRAN:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SAFRAN chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 165.66 | 171.73 | 188.80 | 196.00 | 198.90 | 205.60 | 216.50 |
| Change (%) | -15.48% | -12.38% | -3.67% | - | +1.48% | +4.90% | +10.46% |
| Change | -30.34 | -24.27 | -7.20 | - | +2.90 | +9.60 | +20.50 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 191.65 | 192.55 | 194.35 | 195.25 | 197.05 | 197.95 | 199.75 |
| Camarilla | 195.41 | 195.66 | 195.90 | 196.15 | 196.40 | 196.65 | 196.89 |
| Woodie | 192.10 | 192.78 | 194.80 | 195.48 | 197.50 | 198.18 | 200.20 |
| Fibonacci | 192.55 | 193.58 | 194.22 | 195.25 | 196.28 | 196.92 | 197.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 180.97 | 185.48 | 188.92 | 193.43 | 196.87 | 201.38 | 204.82 |
| Camarilla | 190.16 | 190.89 | 191.62 | 192.35 | 193.08 | 193.81 | 194.54 |
| Woodie | 180.43 | 185.21 | 188.38 | 193.16 | 196.33 | 201.11 | 204.28 |
| Fibonacci | 185.48 | 188.52 | 190.40 | 193.43 | 196.47 | 198.35 | 201.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 169.53 | 177.12 | 187.53 | 195.12 | 205.53 | 213.12 | 223.53 |
| Camarilla | 193.00 | 194.65 | 196.30 | 197.95 | 199.60 | 201.25 | 202.90 |
| Woodie | 170.95 | 177.83 | 188.95 | 195.83 | 206.95 | 213.83 | 224.95 |
| Fibonacci | 177.12 | 183.99 | 188.24 | 195.12 | 201.99 | 206.24 | 213.12 |
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): | 50.01 | |
| MACD (12,26,9): | -0.6500 | |
| Directional Movement: | 3.93 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 194.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 191.39 | |
| Elder Ray (13): | 0.88 | |
| Super Trend (3,10): | 200.69 | |
| Zig ZAG (10): | 196.00 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 51.76 | |
| TEMA (21): | 195.03 | |
| Williams %R (14): | -42.79 | |
| Chande Momentum Oscillator (20): | -0.65 | |
| Repulse (5,40,3): | 0.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.27 |
| MA7: | 194.15 | |
| MA20: | 195.86 | |
| MA50: | 197.71 | |
| MA100: | 202.21 | |
| MAexp7: | 195.04 | |
| MAexp20: | 195.50 | |
| MAexp50: | 197.37 | |
| MAexp100: | 197.30 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | -0.86% | |
| Price / MA100: | -3.07% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -0.66% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on SAFRAN. At the time of publication of this analysis, the latest news was as follows:
- Safran and Terran Orbital Sign a Memorandum of Agreement to Produce Satellite Electric Propulsion Systems in the United States of America
- Safran and Archer Collaboration Produces Cutting-Edge Avionics Technology For Archer’s Midnight eVTOL Aircraft
- Advent Technologies and Safran Power Units Sign MoU to Advance HT-PEM Fuel Cell Technology for the Aerospace Sector
-
James Gunn and Peter Safran named Co-Chairmen and CEOs of DC Studios
- Curtiss-Wright Completes Acquisition of Safran Aerosystems Arresting Company
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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