SOLVAY

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SOLB
ISIN:	BE0003470755

SOLVAY - 1H - Technical analysis published on 08/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

22%

28%

My opinion

Bearish under 32.04 EUR

My targets

29.50 EUR (-4.10%)

29.03 EUR (-5.62%)

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 32.04 EUR remains possible. It is advisable to trade SOLVAY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 32.04 EUR. The next bearish objective for sellers is set at 29.50 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 29.03 EUR. In case of crossing, the next objective would be the support located at 26.65 EUR. PS: if there is a bullish break in the resistance located at 32.04 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 neutral, but do not change the general bearish opinion of this analysis.

Force

2.3

Comment on the analysis

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.

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Additional analysis

Quotes

SOLVAY rating 30.76 EUR. The price has increased by +2.74% since the last closing and was traded between 30.46 EUR and 31.01 EUR over the period. The price is currently at +0.98% from its lowest and -0.81% from its highest.

30.46

31.01

30.76

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SOLVAY in 1H shows an overall bearish trend. 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 bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.65	29.03	29.50	30.76	30.79	32.04	32.91
Change (%)	-13.36%	-5.62%	-4.10%	-	+0.10%	+4.16%	+6.99%
Change	-4.11	-1.73	-1.26	-	+0.03	+1.28	+2.15
Level	Major	Minor	Intermediate	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.44	28.95	29.45	29.96	30.46	30.97	31.47
Camarilla	29.66	29.76	29.85	29.94	30.03	30.13	30.22
Woodie	28.43	28.95	29.44	29.96	30.45	30.97	31.46
Fibonacci	28.95	29.34	29.58	29.96	30.35	30.59	30.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.67	28.77	29.81	31.91	32.95	35.05	36.09
Camarilla	30.00	30.28	30.57	30.86	31.15	31.44	31.72
Woodie	26.15	28.51	29.29	31.65	32.43	34.79	35.57
Fibonacci	28.77	29.97	30.71	31.91	33.11	33.85	35.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.02	29.89	31.20	33.07	34.38	36.25	37.56
Camarilla	31.65	31.94	32.23	32.52	32.81	33.10	33.40
Woodie	27.75	29.75	30.93	32.93	34.11	36.11	37.29
Fibonacci	29.89	31.10	31.85	33.07	34.28	35.03	36.25

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):	47.54
MACD (12,26,9):	-0.4900
Directional Movement:	-4.76
AROON (14):	-71.43
DEMA (21):	29.95
Parabolic SAR (0,02-0,02-0,2):	29.48
Elder Ray (13):	0.37
Super Trend (3,10):	30.89
Zig ZAG (10):	30.79
VORTEX (21):	0.9200
Stochastique (14,3,5):	52.55
TEMA (21):	29.93
Williams %R (14):	-23.12
Chande Momentum Oscillator (20):	-0.23
Repulse (5,40,3):	1.1400
ROCnROLL:	-1
TRIX (15,9):	-0.2800
Courbe Coppock:	7.14

MA7:	31.70
MA20:	32.72
MA50:	32.52
MA100:	30.87
MAexp7:	30.33
MAexp20:	30.64
MAexp50:	31.53
MAexp100:	32.21
Price / MA7:	-2.97%
Price / MA20:	-5.99%
Price / MA50:	-5.41%
Price / MA100:	-0.36%
Price / MAexp7:	+1.42%
Price / MAexp20:	+0.39%
Price / MAexp50:	-2.44%
Price / MAexp100:	-4.50%

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:

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

About author

Londinia AI

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