SOLVAY

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SOLB
ISIN:	BE0003470755

SOLVAY - Daily - Technical analysis published on 08/22/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

56%

39%

My opinion

Bearish under 32.04 EUR

My targets

28.02 EUR (-10.33%)

26.65 EUR (-14.72%)

My analysis

The bearish trend is truly tentative and does not seem to be supported in the short term. 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 28.02 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 26.65 EUR. In case of crossing, the next objective would be the support located at 23.21 EUR. In the event of a bullish break in the resistance located at 32.04 EUR a certain indecision would take hold.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

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

The SOLVAY price is 31.25 EUR. On the day, this instrument gained +0.90% with the lowest point at 30.78 EUR and the highest point at 31.26 EUR. The deviation from the price is +1.53% for the low point and -0.03% for the high point.

30.78

31.26

31.25

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

Here is a more detailed summary of the historical variations registered by SOLVAY:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SOLVAY in Daily shows an overall slightly bearish trend. 50.00% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	23.21	26.65	30.79	31.25	32.04	34.64
Change (%)	-25.73%	-14.72%	-1.47%	-	+2.53%	+10.85%
Change	-8.04	-4.60	-0.46	-	+0.79	+3.39
Level	Intermediate	Major	Major	-	Minor	Major

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	30.17	30.35	30.66	30.84	31.15	31.33	31.64
Camarilla	30.84	30.88	30.93	30.97	31.02	31.06	31.11
Woodie	30.24	30.38	30.73	30.87	31.22	31.36	31.71
Fibonacci	30.35	30.54	30.65	30.84	31.03	31.14	31.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.43	29.25	30.06	30.88	31.69	32.51	33.32
Camarilla	30.43	30.58	30.73	30.88	31.03	31.18	31.33
Woodie	28.44	29.25	30.07	30.88	31.70	32.51	33.33
Fibonacci	29.25	29.87	30.25	30.88	31.50	31.88	32.51

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.95
MACD (12,26,9):	-0.4700
Directional Movement:	-6.15
AROON (14):	-7.14
DEMA (21):	30.66
Parabolic SAR (0,02-0,02-0,2):	31.17
Elder Ray (13):	-0.09
Super Trend (3,10):	33.09
Zig ZAG (10):	31.12
VORTEX (21):	0.8500
Stochastique (14,3,5):	57.90
TEMA (21):	30.41
Williams %R (14):	-25.68
Chande Momentum Oscillator (20):	0.93
Repulse (5,40,3):	1.0000
ROCnROLL:	-1
TRIX (15,9):	-0.2500
Courbe Coppock:	5.97

MA7:	30.87
MA20:	31.23
MA50:	32.20
MA100:	31.68
MAexp7:	30.94
MAexp20:	31.29
MAexp50:	31.68
MAexp100:	30.82
Price / MA7:	+1.23%
Price / MA20:	+0.06%
Price / MA50:	-2.95%
Price / MA100:	-1.36%
Price / MAexp7:	+1.00%
Price / MAexp20:	-0.13%
Price / MAexp50:	-1.36%
Price / MAexp100:	+1.40%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The last news published on SOLVAY at the time of the generation of this analysis was 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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