WAVESTONE
WAVESTONE
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: WAVE
ISIN: FR0013357621

WAVESTONE - Daily - Technical analysis published on 05/08/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 44.52 EUR
My targets
46.90 EUR (+1.52%)
48.85 EUR (+5.74%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on WAVESTONE. This is a positive signal for buyers. As long as the price remains above 44.52 EUR, a purchase could be considered. The first bullish objective is located at 46.90 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 48.85 EUR as an objective. Crossing it would then enable buyers to target 49.89 EUR. In the event of a return below 44.52 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.3

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. Take part yourself by sharing additional analysis on another time unit:
1H Weekly

Additional analysis

Quotes

The WAVESTONE price is 46.20 EUR. The price registered a decrease of -0.11% on the session with the lowest point at 45.80 EUR and the highest point at 46.60 EUR. The deviation from the price is +0.87% for the low point and -0.86% for the high point.

45.80
46.60
46.20

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by WAVESTONE:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of WAVESTONE indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Near horizontal support

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 43.47 44.52 46.02 46.20 46.90 48.85 49.89
Change (%) -5.91% -3.64% -0.39% - +1.52% +5.74% +7.99%
Change -2.73 -1.68 -0.18 - +0.70 +2.65 +3.69
Level Major Intermediate Intermediate - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard43.3344.0245.1345.8246.9347.6248.73
Camarilla45.7645.9246.0946.2546.4246.5846.75
Woodie43.5544.1345.3545.9347.1547.7348.95
Fibonacci44.0244.7045.1345.8246.5046.9347.62


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard42.8043.7545.0045.9547.2048.1549.40
Camarilla45.6545.8546.0546.2546.4546.6546.86
Woodie42.9543.8345.1546.0347.3548.2349.55
Fibonacci43.7544.5945.1145.9546.7947.3148.15


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard39.6341.3243.9845.6748.3350.0252.68
Camarilla45.4545.8546.2546.6547.0547.4547.85
Woodie40.1341.5644.4845.9148.8350.2653.18
Fibonacci41.3242.9844.0145.6747.3348.3650.02

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): 56.53
MACD (12,26,9): 0.1800
Directional Movement: 0.54
AROON (14): 35.72
DEMA (21): 45.25
Parabolic SAR (0,02-0,02-0,2): 43.42
Elder Ray (13): 0.87
Super Trend (3,10): 46.70
Zig ZAG (10): 46.20
VORTEX (21): 0.9700
Stochastique (14,3,5): 66.28
TEMA (21): 45.80
Williams %R (14): -26.44
Chande Momentum Oscillator (20): 1.75
Repulse (5,40,3): 0.8200
ROCnROLL: 1
TRIX (15,9): -0.0400
Courbe Coppock: 4.63
MA7: 45.78
MA20: 44.84
MA50: 45.68
MA100: 45.66
MAexp7: 45.68
MAexp20: 45.18
MAexp50: 45.42
MAexp100: 45.57
Price / MA7: +0.92%
Price / MA20: +3.03%
Price / MA50: +1.14%
Price / MA100: +1.18%
Price / MAexp7: +1.14%
Price / MAexp20: +2.26%
Price / MAexp50: +1.72%
Price / MAexp100: +1.38%

Quotes : - 15 min delayed data - Euronext Paris

This member declared not having a position on this financial instrument or a related financial instrument.

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