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 11/13/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

56%

33%

My opinion

Bearish under 33.01 EUR

My targets

31.60 EUR (-0.63%)

29.94 EUR (-5.85%)

My analysis

The bearish trend is currently very strong for SOLVAY. As long as the price remains below the resistance at 33.01 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 31.60 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 29.94 EUR as an objective. Crossing it would then enable sellers to target 26.65 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.5

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 rating is 31.80 EUR. The price registered an increase of +0.28% on the session with the lowest point at 31.76 EUR and the highest point at 32.11 EUR. The deviation from the price is +0.13% for the low point and -0.97% for the high point.

31.76

32.11

31.80

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.64	26.65	29.94	31.80	34.64	36.35	37.81
Change (%)	-22.52%	-16.19%	-5.85%	-	+8.93%	+14.31%	+18.90%
Change	-7.16	-5.15	-1.86	-	+2.84	+4.55	+6.01
Level	Minor	Major	Major	-	Major	Minor	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	29.88	30.78	31.24	32.14	32.60	33.50	33.96
Camarilla	31.34	31.46	31.59	31.71	31.84	31.96	32.08
Woodie	29.67	30.67	31.03	32.03	32.39	33.39	33.75
Fibonacci	30.78	31.30	31.62	32.14	32.66	32.98	33.50

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):	27.46
MACD (12,26,9):	-0.6200
Directional Movement:	-24.29
AROON (14):	-57.14
DEMA (21):	31.64
Parabolic SAR (0,02-0,02-0,2):	32.30
Elder Ray (13):	-0.35
Super Trend (3,10):	32.65
Zig ZAG (10):	31.81
VORTEX (21):	0.6200
Stochastique (14,3,5):	12.10
TEMA (21):	31.62
Williams %R (14):	-89.71
Chande Momentum Oscillator (20):	-0.70
Repulse (5,40,3):	-0.7400
ROCnROLL:	2
TRIX (15,9):	-0.2800
Courbe Coppock:	8.81

MA7:	33.83
MA20:	36.70
MA50:	35.41
MA100:	33.78
MAexp7:	31.94
MAexp20:	32.49
MAexp50:	33.72
MAexp100:	35.02
Price / MA7:	-6.00%
Price / MA20:	-13.35%
Price / MA50:	-10.19%
Price / MA100:	-5.86%
Price / MAexp7:	-0.44%
Price / MAexp20:	-2.12%
Price / MAexp50:	-5.69%
Price / MAexp100:	-9.19%

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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