SOLVAY
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)

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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
0
10
2.3

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:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard28.4428.9529.4529.9630.4630.9731.47
Camarilla29.6629.7629.8529.9430.0330.1330.22
Woodie28.4328.9529.4429.9630.4530.9731.46
Fibonacci28.9529.3429.5829.9630.3530.5930.97


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26.6728.7729.8131.9132.9535.0536.09
Camarilla30.0030.2830.5730.8631.1531.4431.72
Woodie26.1528.5129.2931.6532.4334.7935.57
Fibonacci28.7729.9730.7131.9133.1133.8535.05


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard28.0229.8931.2033.0734.3836.2537.56
Camarilla31.6531.9432.2332.5232.8133.1033.40
Woodie27.7529.7530.9332.9334.1136.1137.29
Fibonacci29.8931.1031.8533.0734.2835.0336.25

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

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

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