SPINEWAY - 1H - Technical analysis published on 10/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.0365 EUR
My targets
0.0204 EUR (-42.54%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.0365 EUR remains possible. It is advisable to trade SPINEWAY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.0365 EUR. The next bearish objective for sellers is set at 0.0204 EUR. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.0365 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SPINEWAY price is 0.0355 EUR. The price has increased by +14.15% since the last closing and was between 0.0316 EUR and 0.0360 EUR. This implies that the price is at +12.34% from its lowest and at -1.39% from its highest.0.0316
0.0360
0.0355
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 SPINEWAY:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SPINEWAY chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.0204 | 0.0355 | 0.0411 | 0.0579 | 0.0748 |
| Change (%) | -42.54% | - | +15.77% | +63.10% | +110.70% |
| Change | -0.0151 | - | +0.0056 | +0.0224 | +0.0393 |
| Level | Intermediate | - | Minor | 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 | 0.0054 | 0.0129 | 0.0220 | 0.0295 | 0.0386 | 0.0461 | 0.0552 |
| Camarilla | 0.0265 | 0.0281 | 0.0296 | 0.0311 | 0.0326 | 0.0341 | 0.0357 |
| Woodie | 0.0062 | 0.0133 | 0.0228 | 0.0299 | 0.0394 | 0.0465 | 0.0560 |
| Fibonacci | 0.0129 | 0.0192 | 0.0232 | 0.0295 | 0.0358 | 0.0398 | 0.0461 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0225 | -0.0010 | 0.0150 | 0.0365 | 0.0525 | 0.0740 | 0.0900 |
| Camarilla | 0.0208 | 0.0242 | 0.0277 | 0.0311 | 0.0345 | 0.0380 | 0.0414 |
| Woodie | -0.0252 | -0.0024 | 0.0124 | 0.0351 | 0.0499 | 0.0726 | 0.0874 |
| Fibonacci | -0.0010 | 0.0133 | 0.0221 | 0.0365 | 0.0508 | 0.0596 | 0.0740 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0672 | -0.0120 | 0.0185 | 0.0737 | 0.1042 | 0.1594 | 0.1899 |
| Camarilla | 0.0255 | 0.0334 | 0.0412 | 0.0491 | 0.0570 | 0.0648 | 0.0727 |
| Woodie | -0.0795 | -0.0182 | 0.0063 | 0.0675 | 0.0920 | 0.1532 | 0.1777 |
| Fibonacci | -0.0120 | 0.0207 | 0.0409 | 0.0737 | 0.1064 | 0.1266 | 0.1594 |
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): | 51.29 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -9.9993 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 0.0320 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0213 | |
| Elder Ray (13): | 0.0018 | |
| Super Trend (3,10): | 0.0276 | |
| Zig ZAG (10): | 0.0355 | |
| VORTEX (21): | 1.0154 | |
| Stochastique (14,3,5): | 89.82 | |
| TEMA (21): | 0.0326 | |
| Williams %R (14): | -9.58 | |
| Chande Momentum Oscillator (20): | 0.0019 | |
| Repulse (5,40,3): | 2.9807 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.8635 | |
| Courbe Coppock: | 11.11 |
| MA7: | 0.0380 | |
| MA20: | 0.0482 | |
| MA50: | 0.1091 | |
| MA100: | 0.2825 | |
| MAexp7: | 0.0339 | |
| MAexp20: | 0.0341 | |
| MAexp50: | 0.0376 | |
| MAexp100: | 0.0432 | |
| Price / MA7: | -6.58% | |
| Price / MA20: | -26.35% | |
| Price / MA50: | -67.46% | |
| Price / MA100: | -87.43% | |
| Price / MAexp7: | +4.72% | |
| Price / MAexp20: | +4.11% | |
| Price / MAexp50: | -5.59% | |
| Price / MAexp100: | -17.82% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on SPINEWAY at the time of the generation of this analysis was as follows:
- INTERNATIONAL MASTERCLASS
- Strengthening of the cash position thanks to new financing
- 2023 : high increase in turnover
- General Meeting's report as of 4th of April 2023
- Spineway - Convocation to the General Meeting and related documentation access
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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