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 11/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

56%

11%

33%

My opinion

Bearish under 34.64 EUR

My targets

33.30 EUR (-2.23%)

31.60 EUR (-7.22%)

My analysis

With a strongly bearish trend, the price of SOLVAY is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 34.64 EUR remains possible. It would be possible for traders to only trade short positions (for sale) on SOLVAY as long as the price remains well below 34.64 EUR. The next bearish objective for sellers is set at 33.30 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 31.60 EUR. In case of crossing, the next objective would be the support located at 29.94 EUR.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

2.9

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SOLVAY price is 34.06 EUR. The price registered an increase of +1.52% on the session and was between 33.81 EUR and 34.32 EUR. This implies that the price is at +0.74% from its lowest and at -0.76% from its highest.

33.81

34.32

34.06

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SOLVAY indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.65	29.94	33.30	34.06	34.64	36.35	37.51
Change (%)	-21.76%	-12.10%	-2.23%	-	+1.70%	+6.72%	+10.13%
Change	-7.41	-4.12	-0.76	-	+0.58	+2.29	+3.45
Level	Major	Major	Intermediate	-	Major	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.64	32.97	33.26	33.59	33.88	34.21	34.50
Camarilla	33.38	33.44	33.49	33.55	33.61	33.66	33.72
Woodie	32.62	32.96	33.24	33.58	33.86	34.20	34.48
Fibonacci	32.97	33.21	33.35	33.59	33.83	33.97	34.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.00	29.65	31.60	35.25	37.20	40.85	42.80
Camarilla	32.01	32.52	33.04	33.55	34.06	34.58	35.09
Woodie	25.15	29.23	30.75	34.83	36.35	40.43	41.95
Fibonacci	29.65	31.79	33.11	35.25	37.39	38.71	40.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.85	33.01	35.04	37.20	39.23	41.39	43.42
Camarilla	35.91	36.29	36.68	37.06	37.44	37.83	38.21
Woodie	30.78	32.98	34.97	37.17	39.16	41.36	43.35
Fibonacci	33.01	34.61	35.60	37.20	38.80	39.79	41.39

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):	41.95
MACD (12,26,9):	-0.4500
Directional Movement:	-4.04
AROON (14):	-14.29
DEMA (21):	33.53
Parabolic SAR (0,02-0,02-0,2):	33.36
Elder Ray (13):	0.09
Super Trend (3,10):	34.74
Zig ZAG (10):	34.06
VORTEX (21):	1.0000
Stochastique (14,3,5):	66.28
TEMA (21):	33.67
Williams %R (14):	-25.49
Chande Momentum Oscillator (20):	0.29
Repulse (5,40,3):	-0.2300
ROCnROLL:	-1
TRIX (15,9):	-0.2700
Courbe Coppock:	1.26

MA7:	35.58
MA20:	37.46
MA50:	35.42
MA100:	33.79
MAexp7:	34.00
MAexp20:	34.23
MAexp50:	35.28
MAexp100:	36.23
Price / MA7:	-4.27%
Price / MA20:	-9.08%
Price / MA50:	-3.84%
Price / MA100:	+0.80%
Price / MAexp7:	+0.18%
Price / MAexp20:	-0.50%
Price / MAexp50:	-3.46%
Price / MAexp100:	-5.99%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

Don't forget to follow the news on SOLVAY. At the time of publication of this analysis, the latest news was as follows:

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

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