SPINEWAY - 1H - Technical analysis published on 03/14/2024 (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:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 3.3025 EUR
My targets
2.1686 EUR (-21.99%)
1.2467 EUR (-55.16%)
My analysis
SPINEWAY 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 3.3025 EUR. The next support located at 2.1686 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 1.2467 EUR. Below this support, sellers could then target 1.2056 EUR.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SPINEWAY rating 2.7800 EUR. On the day, this instrument lost -12.58% and was traded between 2.7650 EUR and 3.1800 EUR over the period. The price is currently at +0.54% from its lowest and -12.58% from its highest.2.7650
3.1800
2.7800
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
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
Technical analysis of SPINEWAY in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.2056 | 2.1686 | 2.7800 | 3.3025 | 6.4000 | 9.2000 |
| Change (%) | -56.63% | -21.99% | - | +18.79% | +130.22% | +230.94% |
| Change | -1.5744 | -0.6114 | - | +0.5225 | +3.6200 | +6.4200 |
| Level | Minor | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.6908 | 2.8207 | 3.0003 | 3.1302 | 3.3098 | 3.4397 | 3.6193 |
| Camarilla | 3.0949 | 3.1233 | 3.1516 | 3.1800 | 3.2084 | 3.2367 | 3.2651 |
| Woodie | 2.7158 | 2.8331 | 3.0253 | 3.1426 | 3.3348 | 3.4521 | 3.6443 |
| Fibonacci | 2.8207 | 2.9389 | 3.0119 | 3.1302 | 3.2484 | 3.3214 | 3.4397 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -3.5833 | -1.0067 | 1.2467 | 3.8233 | 6.0767 | 8.6533 | 10.9067 |
| Camarilla | 2.1718 | 2.6145 | 3.0573 | 3.5000 | 3.9428 | 4.3855 | 4.8283 |
| Woodie | -3.7450 | -1.0875 | 1.0850 | 3.7425 | 5.9150 | 8.5725 | 10.7450 |
| Fibonacci | -1.0067 | 0.8384 | 1.9783 | 3.8233 | 5.6684 | 6.8083 | 8.6533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -23.7267 | -11.2633 | -4.9267 | 7.5367 | 13.8733 | 26.3367 | 32.6733 |
| Camarilla | -3.7600 | -2.0367 | -0.3133 | 1.4100 | 3.1333 | 4.8567 | 6.5800 |
| Woodie | -26.7900 | -12.7950 | -7.9900 | 6.0050 | 10.8100 | 24.8050 | 29.6100 |
| Fibonacci | -11.2633 | -4.0817 | 0.3551 | 7.5367 | 14.7183 | 19.1551 | 26.3367 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.58 | |
| MACD (12,26,9): | -0.0767 | |
| Directional Movement: | -8.9713 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 3.0248 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.1800 | |
| Elder Ray (13): | -0.0997 | |
| Super Trend (3,10): | 3.5730 | |
| Zig ZAG (10): | 2.8000 | |
| VORTEX (21): | 0.9006 | |
| Stochastique (14,3,5): | 31.34 | |
| TEMA (21): | 3.0026 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.1000 | |
| Repulse (5,40,3): | -8.1817 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3548 | |
| Courbe Coppock: | 3.60 |
| MA7: | 3.2614 | |
| MA20: | 2.9106 | |
| MA50: | 5.8642 | |
| MA100: | 20.6821 | |
| MAexp7: | 3.0485 | |
| MAexp20: | 3.1296 | |
| MAexp50: | 3.2099 | |
| MAexp100: | 3.4491 | |
| Price / MA7: | -14.76% | |
| Price / MA20: | -4.49% | |
| Price / MA50: | -52.59% | |
| Price / MA100: | -86.56% | |
| Price / MAexp7: | -8.81% | |
| Price / MAexp20: | -11.17% | |
| Price / MAexp50: | -13.39% | |
| Price / MAexp100: | -19.40% |
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:
- 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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