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SPINEWAY
SPINEWAY
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALSPW
ISIN: FR001400N2P2

SPINEWAY - 1H - Technical analysis published on 04/12/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 1.1560 EUR
My targets
0.9930 EUR (-12.89%)
0.7440 EUR (-34.74%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SPINEWAY. As long as you are under the resistance located at 1.1560 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.9930 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.7440 EUR as an objective. If the resistance 1.1560 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
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Daily Weekly

Additional analysis

Quotes

SPINEWAY rating 1.1400 EUR. The price has increased by +18.74% since the last closing and was between 0.9000 EUR and 1.2700 EUR. This implies that the price is at +26.67% from its lowest and at -10.24% from its highest.

0.9000
1.2700
1.1400

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly


New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on SPINEWAY were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of SPINEWAY indicates that the overall trend is bearish. 75.00% 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:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
ProTrendLines 1.1400 1.4267 2.5833 3.3833
Change (%) - +25.15% +126.61% +196.78%
Change - +0.2867 +1.4433 +2.2433
Level - Intermediate 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
Standard0.66690.81350.88681.03341.10671.25331.3266
Camarilla0.89960.91980.93990.96010.98031.00041.0206
Woodie0.63030.79520.85021.01511.07011.23501.2900
Fibonacci0.81350.89750.94941.03341.11741.16931.2533


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.74400.99301.15601.40501.56801.81701.9800
Camarilla1.20571.24351.28121.31901.35681.39451.4323
Woodie0.70100.97151.11301.38351.52501.79551.9370
Fibonacci0.99301.15041.24761.40501.56241.65961.8170


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-5.3865-2.0233-0.32653.03674.73358.09679.7935
Camarilla-0.02130.44250.90641.37021.83402.29792.7617
Woodie-6.2198-2.4399-1.15982.62013.90027.68018.9602
Fibonacci-2.0233-0.09041.10383.03674.96976.16388.0967

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): 51.37
MACD (12,26,9): -0.0242
Directional Movement: 12.4228
AROON (14): 14.2857
DEMA (21): 1.0640
Parabolic SAR (0,02-0,02-0,2): 0.9426
Elder Ray (13): 0.0044
Super Trend (3,10): 0.9094
Zig ZAG (10): 1.1398
VORTEX (21): 0.9290
Stochastique (14,3,5): 54.04
TEMA (21): 1.0850
Williams %R (14): -35.19
Chande Momentum Oscillator (20): 0.1196
Repulse (5,40,3): 4.9281
ROCnROLL: -1
TRIX (15,9): -0.5219
Courbe Coppock: 4.44
MA7: 1.1966
MA20: 1.5644
MA50: 3.9300
MA100: 9.8390
MAexp7: 1.1016
MAexp20: 1.1054
MAexp50: 1.1874
MAexp100: 1.3663
Price / MA7: -4.73%
Price / MA20: -27.13%
Price / MA50: -70.99%
Price / MA100: -88.41%
Price / MAexp7: +3.49%
Price / MAexp20: +3.13%
Price / MAexp50: -3.99%
Price / MAexp100: -16.56%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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