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 11/27/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 34.64 EUR

My targets

29.94 EUR (-7.08%)

26.65 EUR (-17.29%)

My analysis

SOLVAY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 34.64 EUR. The next support located at 29.94 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 26.65 EUR. Below this support, sellers could then target 24.64 EUR.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.1

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 rating is 32.22 EUR. The price has increased by +3.50% since the last closing and was between 31.08 EUR and 33.03 EUR. This implies that the price is at +3.67% from its lowest and at -2.45% from its highest.

31.08

33.03

32.22

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

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 bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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	32.13	32.22	34.64	35.93	39.35
Change (%)	-17.29%	-7.08%	-0.28%	-	+7.51%	+11.51%	+22.13%
Change	-5.57	-2.28	-0.09	-	+2.42	+3.71	+7.13
Level	Major	Major	Major	-	Major	Intermediate	Major

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	29.55	29.86	30.50	30.81	31.45	31.76	32.40
Camarilla	30.87	30.96	31.04	31.13	31.22	31.30	31.39
Woodie	29.71	29.94	30.66	30.89	31.61	31.84	32.56
Fibonacci	29.86	30.23	30.45	30.81	31.18	31.40	31.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.84	29.12	30.18	31.46	32.52	33.80	34.86
Camarilla	30.61	30.82	31.04	31.25	31.47	31.68	31.89
Woodie	27.74	29.07	30.08	31.41	32.42	33.75	34.76
Fibonacci	29.12	30.01	30.56	31.46	32.35	32.90	33.80

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	42.00
MACD (12,26,9):	-1.3500
Directional Movement:	-7.09
AROON (14):	-92.86
DEMA (21):	31.24
Parabolic SAR (0,02-0,02-0,2):	30.18
Elder Ray (13):	-0.11
Super Trend (3,10):	33.77
Zig ZAG (10):	32.27
VORTEX (21):	0.7100
Stochastique (14,3,5):	24.74
TEMA (21):	30.19
Williams %R (14):	-49.52
Chande Momentum Oscillator (20):	-0.86
Repulse (5,40,3):	3.8300
ROCnROLL:	-1
TRIX (15,9):	-0.5500
Courbe Coppock:	22.02

MA7:	31.30
MA20:	33.16
MA50:	35.37
MA100:	33.59
MAexp7:	31.56
MAexp20:	32.92
MAexp50:	34.03
MAexp100:	33.49
Price / MA7:	+2.94%
Price / MA20:	-2.83%
Price / MA50:	-8.91%
Price / MA100:	-4.08%
Price / MAexp7:	+2.09%
Price / MAexp20:	-2.13%
Price / MAexp50:	-5.32%
Price / MAexp100:	-3.79%

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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