SPINEWAY - Daily - Technical analysis published on 02/21/2024 (GMT)
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- Timeframe : Daily
- - 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:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.0075 EUR
My targets
0.0011 EUR (-26.67%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SPINEWAY as long as the price remains well below 0.0075 EUR. The next bearish objective for sellers is set at 0.0011 EUR. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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
0
10
6.3
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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 0.0015 EUR. On the day, this instrument gained +25.00% with the lowest point at 0.0012 EUR and the highest point at 0.0018 EUR. The deviation from the price is +25.00% for the low point and -16.67% for the high point.0.0012
0.0018
0.0015
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this SPINEWAY chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.0011 | 0.0015 | 0.1000 | 0.2990 | 0.5940 |
| Change (%) | -26.67% | - | +6,566.67% | +19,833.33% | +39,500.00% |
| Change | -0.0004 | - | +0.0985 | +0.2975 | +0.5925 |
| Level | Major | - | Minor | Minor | 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 | 0.0007 | 0.0009 | 0.0011 | 0.0013 | 0.0015 | 0.0017 | 0.0019 |
| Camarilla | 0.0011 | 0.0011 | 0.0012 | 0.0012 | 0.0012 | 0.0013 | 0.0013 |
| Woodie | 0.0006 | 0.0009 | 0.0010 | 0.0013 | 0.0014 | 0.0017 | 0.0018 |
| Fibonacci | 0.0009 | 0.0011 | 0.0012 | 0.0013 | 0.0015 | 0.0016 | 0.0017 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0015 | 0.0001 | 0.0008 | 0.0024 | 0.0031 | 0.0047 | 0.0054 |
| Camarilla | 0.0010 | 0.0012 | 0.0014 | 0.0016 | 0.0018 | 0.0020 | 0.0022 |
| Woodie | -0.0019 | -0.0001 | 0.0005 | 0.0022 | 0.0028 | 0.0045 | 0.0051 |
| Fibonacci | 0.0001 | 0.0010 | 0.0015 | 0.0024 | 0.0033 | 0.0038 | 0.0047 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0141 | -0.0066 | 0.0000 | 0.0075 | 0.0141 | 0.0216 | 0.0282 |
| Camarilla | 0.0027 | 0.0040 | 0.0053 | 0.0066 | 0.0079 | 0.0092 | 0.0105 |
| Woodie | -0.0146 | -0.0068 | -0.0005 | 0.0073 | 0.0137 | 0.0214 | 0.0278 |
| Fibonacci | -0.0066 | -0.0012 | 0.0021 | 0.0075 | 0.0129 | 0.0162 | 0.0216 |
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): | 36.35 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -5.7047 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 0.0021 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0076 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 0.0057 | |
| Zig ZAG (10): | 0.0014 | |
| VORTEX (21): | 0.9471 | |
| Stochastique (14,3,5): | 1.63 | |
| TEMA (21): | 0.0024 | |
| Williams %R (14): | -97.44 | |
| Chande Momentum Oscillator (20): | -0.0037 | |
| Repulse (5,40,3): | -76.4049 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.5132 | |
| Courbe Coppock: | 97.79 |
| MA7: | 0.0020 | |
| MA20: | 0.0049 | |
| MA50: | 0.0042 | |
| MA100: | 0.0161 | |
| MAexp7: | 0.0021 | |
| MAexp20: | 0.0034 | |
| MAexp50: | 0.0092 | |
| MAexp100: | 0.0587 | |
| Price / MA7: | -25.00% | |
| Price / MA20: | -69.39% | |
| Price / MA50: | -64.29% | |
| Price / MA100: | -90.68% | |
| Price / MAexp7: | -28.57% | |
| Price / MAexp20: | -55.88% | |
| Price / MAexp50: | -83.70% | |
| Price / MAexp100: | -97.44% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on SPINEWAY at the time of the analysis were as follows:
- Preparatory documents for the General Meeting as of of March 25, 2024
- SPINEWAY : 2023 annual results
- Increase of 2023 revenue at €10.5 million
- Shares reverse split
- SPINEWAY : International rollout of the VEOS implant range - First implants in Spain - New approvals in Colombia and Indonesia
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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