SPINEWAY - 1H - Technical analysis published on 03/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 2.7933 EUR
My targets
3.8600 EUR (+2.66%)
3.8811 EUR (+3.22%)
My analysis
The basic bullish trend is very strong on SPINEWAY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.7933 EUR. Crossing the first resistance at 3.8600 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 3.8811 EUR as an objective. Crossing it would then enable buyers to target 5.3000 EUR. Caution, a return to below 2.7933 EUR would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SPINEWAY rating 3.7600 EUR. The price registered an increase of +29.21% on the session and was traded between 3.0000 EUR and 4.4950 EUR over the period. The price is currently at +25.33% from its lowest and -16.35% from its highest.3.0000
4.4950
3.7600
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 SPINEWAY:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of SPINEWAY in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8140 | 1.7054 | 2.6600 | 3.7600 | 3.8600 | 5.3000 | 6.4000 |
| Change (%) | -78.35% | -54.64% | -29.26% | - | +2.66% | +40.96% | +70.21% |
| Change | -2.9460 | -2.0546 | -1.1000 | - | +0.1000 | +1.5400 | +2.6400 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1733 | 1.9167 | 2.4133 | 3.1567 | 3.6533 | 4.3967 | 4.8933 |
| Camarilla | 2.5690 | 2.6827 | 2.7963 | 2.9100 | 3.0237 | 3.1373 | 3.2510 |
| Woodie | 1.0500 | 1.8550 | 2.2900 | 3.0950 | 3.5300 | 4.3350 | 4.7700 |
| Fibonacci | 1.9167 | 2.3904 | 2.6830 | 3.1567 | 3.6304 | 3.9230 | 4.3967 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.2324 | -0.6157 | 0.4721 | 1.0888 | 2.1766 | 2.7933 | 3.8811 |
| Camarilla | 1.0913 | 1.2475 | 1.4038 | 1.5600 | 1.7163 | 1.8725 | 2.0287 |
| Woodie | -0.9968 | -0.4979 | 0.7078 | 1.2066 | 2.4123 | 2.9111 | 4.1168 |
| Fibonacci | -0.6157 | 0.0354 | 0.4377 | 1.0888 | 1.7399 | 2.1422 | 2.7933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.1520 | -0.5756 | 0.4172 | 0.9936 | 1.9864 | 2.5628 | 3.5556 |
| Camarilla | 0.9785 | 1.1223 | 1.2662 | 1.4100 | 1.5538 | 1.6977 | 1.8415 |
| Woodie | -0.9438 | -0.4715 | 0.6254 | 1.0977 | 2.1946 | 2.6669 | 3.7638 |
| Fibonacci | -0.5756 | 0.0238 | 0.3942 | 0.9936 | 1.5930 | 1.9634 | 2.5628 |
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): | 53.47 | |
| MACD (12,26,9): | 0.0430 | |
| Directional Movement: | 15.2317 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 3.5990 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.8240 | |
| Elder Ray (13): | 0.2356 | |
| Super Trend (3,10): | 4.2043 | |
| Zig ZAG (10): | 3.7600 | |
| VORTEX (21): | 0.9068 | |
| Stochastique (14,3,5): | 70.48 | |
| TEMA (21): | 3.3533 | |
| Williams %R (14): | -40.05 | |
| Chande Momentum Oscillator (20): | 0.5600 | |
| Repulse (5,40,3): | 0.6039 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1031 | |
| Courbe Coppock: | 14.46 |
| MA7: | 3.1836 | |
| MA20: | 1.1798 | |
| MA50: | 0.4743 | |
| MA100: | 0.2476 | |
| MAexp7: | 3.6042 | |
| MAexp20: | 3.5221 | |
| MAexp50: | 3.0684 | |
| MAexp100: | 2.2179 | |
| Price / MA7: | +18.11% | |
| Price / MA20: | +218.70% | |
| Price / MA50: | +692.75% | |
| Price / MA100: | +1,418.58% | |
| Price / MAexp7: | +4.32% | |
| Price / MAexp20: | +6.75% | |
| Price / MAexp50: | +22.54% | |
| Price / MAexp100: | +69.53% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on SPINEWAY. At the time of publication of this analysis, the latest news was as follows:
- Reverse stock split
- 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
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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