SPINEGUARD - 1H - Technical analysis published on 01/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.3163 EUR
My targets
0.3517 EUR (+9.90%)
0.3852 EUR (+20.38%)
My analysis
The bullish trend is currently very strong on SPINEGUARD. As long as the price remains above the support at 0.3163 EUR, you could try to benefit from the boom. The first bullish objective is located at 0.3517 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.3852 EUR as an objective. Crossing it would then enable buyers to target 0.6200 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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Additional analysis
Quotes
SPINEGUARD rating 0.3200 EUR. The price has increased by +20.76% since the last closing and was traded between 0.2615 EUR and 0.3200 EUR over the period. The price is currently at +22.37% from its lowest and 0% from its highest.0.2615
0.3200
0.3200
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SPINEGUARD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.2648 | 0.2750 | 0.2980 | 0.3200 | 0.3852 | 0.6200 | 0.7340 |
| Change (%) | -17.25% | -14.06% | -6.88% | - | +20.38% | +93.75% | +129.38% |
| Change | -0.0552 | -0.0450 | -0.0220 | - | +0.0652 | +0.3000 | +0.4140 |
| Level | Intermediate | Minor | Intermediate | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1962 | 0.2163 | 0.2407 | 0.2608 | 0.2852 | 0.3053 | 0.3297 |
| Camarilla | 0.2528 | 0.2568 | 0.2609 | 0.2650 | 0.2691 | 0.2732 | 0.2772 |
| Woodie | 0.1983 | 0.2174 | 0.2428 | 0.2619 | 0.2873 | 0.3064 | 0.3318 |
| Fibonacci | 0.2163 | 0.2333 | 0.2438 | 0.2608 | 0.2778 | 0.2883 | 0.3053 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1687 | 0.1943 | 0.2297 | 0.2553 | 0.2907 | 0.3163 | 0.3517 |
| Camarilla | 0.2482 | 0.2538 | 0.2594 | 0.2650 | 0.2706 | 0.2762 | 0.2818 |
| Woodie | 0.1735 | 0.1968 | 0.2345 | 0.2578 | 0.2955 | 0.3188 | 0.3565 |
| Fibonacci | 0.1943 | 0.2176 | 0.2320 | 0.2553 | 0.2786 | 0.2930 | 0.3163 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0729 | 0.0585 | 0.1291 | 0.2605 | 0.3311 | 0.4625 | 0.5331 |
| Camarilla | 0.1441 | 0.1626 | 0.1811 | 0.1996 | 0.2181 | 0.2366 | 0.2552 |
| Woodie | -0.1034 | 0.0433 | 0.0986 | 0.2453 | 0.3006 | 0.4473 | 0.5026 |
| Fibonacci | 0.0585 | 0.1357 | 0.1834 | 0.2605 | 0.3377 | 0.3854 | 0.4625 |
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): | 75.30 | |
| MACD (12,26,9): | 0.0149 | |
| Directional Movement: | 38.7326 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 0.2873 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.2638 | |
| Elder Ray (13): | 0.0268 | |
| Super Trend (3,10): | 0.2641 | |
| Zig ZAG (10): | 0.3125 | |
| VORTEX (21): | 1.1623 | |
| Stochastique (14,3,5): | 90.81 | |
| TEMA (21): | 0.2972 | |
| Williams %R (14): | -1.80 | |
| Chande Momentum Oscillator (20): | 0.0385 | |
| Repulse (5,40,3): | 15.7026 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6540 | |
| Courbe Coppock: | 29.54 |
| MA7: | 0.2494 | |
| MA20: | 0.2329 | |
| MA50: | 0.2199 | |
| MA100: | 0.2621 | |
| MAexp7: | 0.2900 | |
| MAexp20: | 0.2694 | |
| MAexp50: | 0.2517 | |
| MAexp100: | 0.2401 | |
| Price / MA7: | +28.31% | |
| Price / MA20: | +37.40% | |
| Price / MA50: | +45.52% | |
| Price / MA100: | +22.09% | |
| Price / MAexp7: | +10.34% | |
| Price / MAexp20: | +18.78% | |
| Price / MAexp50: | +27.14% | |
| Price / MAexp100: | +33.28% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on SPINEGUARD at the time of the analysis were as follows:
- XinRong Medical places a large purchase order of PediGuard® devices and invests in SpineGuard to boost DSG® technology’s deployment in China
- SpineGuard Announces Its H1 2023 Revenue
- SpineGuard reports on its Annual Shareholders’ Meeting of June 29, 2023
- SpineGuard: Second Call of the Annual Shareholders’ Meeting on June 29, 2023
- SpineGuard Secures a €7.5M Equity Line With Nice & Green Cash Runway Extended to the End of 2026
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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