SOLOCAL GROUP - Daily - Technical analysis published on 05/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 0.2942 EUR
My targets
0.1278 EUR (-23.27%)
0.1192 EUR (-28.45%)
My analysis
The bearish trend is currently very strong for SOLOCAL GROUP. As long as the price remains below the resistance at 0.2942 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.1278 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.1192 EUR as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
The SOLOCAL GROUP rating is 0.1666 EUR. The price has increased by +2.59% since the last closing and was between 0.1630 EUR and 0.1666 EUR. This implies that the price is at +2.21% from its lowest and at 0% from its highest.0.1630
0.1666
0.1666
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of SOLOCAL GROUP in Daily 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.1192 | 0.1666 | 0.4500 | 0.6100 | 0.7245 |
| Change (%) | -28.45% | - | +170.11% | +266.15% | +334.87% |
| Change | -0.0474 | - | +0.2834 | +0.4434 | +0.5579 |
| Level | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1509 | 0.1567 | 0.1595 | 0.1653 | 0.1681 | 0.1739 | 0.1767 |
| Camarilla | 0.1600 | 0.1608 | 0.1616 | 0.1624 | 0.1632 | 0.1640 | 0.1648 |
| Woodie | 0.1495 | 0.1560 | 0.1581 | 0.1646 | 0.1667 | 0.1732 | 0.1753 |
| Fibonacci | 0.1567 | 0.1600 | 0.1620 | 0.1653 | 0.1686 | 0.1706 | 0.1739 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0083 | 0.0639 | 0.1157 | 0.1713 | 0.2231 | 0.2787 | 0.3305 |
| Camarilla | 0.1379 | 0.1477 | 0.1576 | 0.1674 | 0.1773 | 0.1871 | 0.1969 |
| Woodie | 0.0063 | 0.0630 | 0.1137 | 0.1704 | 0.2211 | 0.2778 | 0.3285 |
| Fibonacci | 0.0639 | 0.1050 | 0.1303 | 0.1713 | 0.2124 | 0.2377 | 0.2787 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.1217 | 0.0447 | 0.1278 | 0.2942 | 0.3773 | 0.5437 | 0.6268 |
| Camarilla | 0.1424 | 0.1653 | 0.1881 | 0.2110 | 0.2339 | 0.2567 | 0.2796 |
| Woodie | -0.1633 | 0.0239 | 0.0863 | 0.2734 | 0.3358 | 0.5229 | 0.5853 |
| Fibonacci | 0.0447 | 0.1400 | 0.1989 | 0.2942 | 0.3895 | 0.4484 | 0.5437 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 28.55 | |
| MACD (12,26,9): | -0.0678 | |
| Directional Movement: | -25.5210 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 0.1441 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1390 | |
| Elder Ray (13): | -0.0328 | |
| Super Trend (3,10): | 0.0935 | |
| Zig ZAG (10): | 0.1624 | |
| VORTEX (21): | 0.5919 | |
| Stochastique (14,3,5): | 17.80 | |
| TEMA (21): | 0.1278 | |
| Williams %R (14): | -82.77 | |
| Chande Momentum Oscillator (20): | -0.0486 | |
| Repulse (5,40,3): | -14.4886 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -2.8074 | |
| Courbe Coppock: | 94.55 |
| MA7: | 0.1809 | |
| MA20: | 0.2444 | |
| MA50: | 0.3666 | |
| MA100: | 0.5046 | |
| MAexp7: | 0.1739 | |
| MAexp20: | 0.2347 | |
| MAexp50: | 0.3480 | |
| MAexp100: | 0.4640 | |
| Price / MA7: | -7.90% | |
| Price / MA20: | -31.83% | |
| Price / MA50: | -54.56% | |
| Price / MA100: | -66.98% | |
| Price / MAexp7: | -4.20% | |
| Price / MAexp20: | -29.02% | |
| Price / MAexp50: | -52.13% | |
| Price / MAexp100: | -64.09% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on SOLOCAL GROUP. At the time of publication of this analysis, the latest news was as follows:
Solocal GroupThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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