SOLVAY - Daily - Technical analysis published on 11/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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:
Neutral
Underlying:
Strongly bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 102.02 EUR
My targets
95.98 EUR (-2.80%)
93.88 EUR (-4.92%)
My analysis
The basic trend is very bearish on SOLVAY but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on SOLVAY. As long as you stay below the resistance 102.02 EUR, sellers' retain the upper hand. A break in the support at 95.98 EUR would be a signal that the basic trend will reverse. Sellers would then use the next support located at 93.88 EUR as an objective. Crossing it would then enable sellers to target 72.13 EUR. If the price were to depress the resistance 102.02 EUR in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
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
2.5
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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 SOLVAY price is 98.74 EUR. The price registered a decrease of -0.60% on the session and was between 98.74 EUR and 99.82 EUR. This implies that the price is at 0% from its lowest and at -1.08% from its highest.98.74
99.82
98.74
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOLVAY:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SOLVAY indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 93.88 | 95.98 | 97.90 | 98.74 | 102.02 | 104.02 | 105.96 |
| Change (%) | -4.92% | -2.80% | -0.85% | - | +3.32% | +5.35% | +7.31% |
| Change | -4.86 | -2.76 | -0.84 | - | +3.28 | +5.28 | +7.22 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.01 | 95.87 | 97.61 | 98.47 | 100.21 | 101.07 | 102.81 |
| Camarilla | 98.63 | 98.86 | 99.10 | 99.34 | 99.58 | 99.82 | 100.06 |
| Woodie | 95.44 | 96.09 | 98.04 | 98.69 | 100.64 | 101.29 | 103.24 |
| Fibonacci | 95.87 | 96.87 | 97.48 | 98.47 | 99.47 | 100.08 | 101.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.79 | 94.39 | 96.86 | 98.46 | 100.93 | 102.53 | 105.00 |
| Camarilla | 98.22 | 98.59 | 98.97 | 99.34 | 99.71 | 100.09 | 100.46 |
| Woodie | 93.24 | 94.61 | 97.31 | 98.68 | 101.38 | 102.75 | 105.45 |
| Fibonacci | 94.39 | 95.94 | 96.90 | 98.46 | 100.01 | 100.97 | 102.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.83 | 89.25 | 94.50 | 99.92 | 105.17 | 110.59 | 115.84 |
| Camarilla | 96.81 | 97.78 | 98.76 | 99.74 | 100.72 | 101.70 | 102.67 |
| Woodie | 83.74 | 89.21 | 94.41 | 99.88 | 105.08 | 110.55 | 115.75 |
| Fibonacci | 89.25 | 93.33 | 95.85 | 99.92 | 104.00 | 106.52 | 110.59 |
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): | 48.59 | |
| MACD (12,26,9): | -0.9000 | |
| Directional Movement: | 2.65 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 97.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 102.21 | |
| Elder Ray (13): | 0.71 | |
| Super Trend (3,10): | 94.07 | |
| Zig ZAG (10): | 98.96 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 53.28 | |
| TEMA (21): | 97.87 | |
| Williams %R (14): | -47.22 | |
| Chande Momentum Oscillator (20): | 1.32 | |
| Repulse (5,40,3): | 1.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 1.28 |
| MA7: | 98.19 | |
| MA20: | 98.24 | |
| MA50: | 102.37 | |
| MA100: | 103.19 | |
| MAexp7: | 98.53 | |
| MAexp20: | 99.02 | |
| MAexp50: | 100.99 | |
| MAexp100: | 102.11 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | -3.55% | |
| Price / MA100: | -4.31% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -2.23% | |
| Price / MAexp100: | -3.30% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on SOLVAY at the time of the analysis were as follows:
- Syensqo launches its 5-year growth strategy to create significant value
- Solvay (EssentialCo) unveils its new strategy and 2028 financial targets
- Solvay announces the future Board of Directors for new standalone SOLVAY
- Solvay announces the future board of directors for new standalone company SYENSQO
- Solvay 2023 third quarter results
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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