CLARANOVA

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CLA
ISIN:	FR0013426004

CLARANOVA - 1H - Technical analysis published on 12/07/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 1.670 EUR

My targets

1.789 EUR (+4.01%)

1.913 EUR (+11.22%)

My analysis

The bullish trend is currently very strong on CLARANOVA. As long as the price remains above the support at 1.670 EUR, you could try to benefit from the boom. The first bullish objective is located at 1.789 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.913 EUR as an objective. Crossing it would then enable buyers to target 2.090 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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

Comment on the analysis

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.

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Additional analysis

Quotes

CLARANOVA rating 1.720 EUR. The price registered an increase of +3.37% on the session with the lowest point at 1.700 EUR and the highest point at 1.750 EUR. The deviation from the price is +1.18% for the low point and -1.71% for the high point.

1.700

1.750

1.720

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CLARANOVA chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.528	1.594	1.670	1.720	1.789	1.913	2.090
Change (%)	-11.16%	-7.33%	-2.91%	-	+4.01%	+11.22%	+21.51%
Change	-0.192	-0.126	-0.050	-	+0.069	+0.193	+0.370
Level	Major	Intermediate	Intermediate	-	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
Standard	1.343	1.453	1.559	1.669	1.775	1.885	1.991
Camarilla	1.605	1.624	1.644	1.664	1.684	1.704	1.723
Woodie	1.340	1.452	1.556	1.668	1.772	1.884	1.988
Fibonacci	1.453	1.536	1.587	1.669	1.752	1.803	1.885

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.074	1.224	1.370	1.520	1.666	1.816	1.962
Camarilla	1.435	1.462	1.489	1.516	1.543	1.570	1.597
Woodie	1.072	1.223	1.368	1.519	1.664	1.815	1.960
Fibonacci	1.224	1.337	1.407	1.520	1.633	1.703	1.816

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.993	1.167	1.323	1.497	1.653	1.827	1.983
Camarilla	1.389	1.420	1.450	1.480	1.510	1.541	1.571
Woodie	0.985	1.163	1.315	1.493	1.645	1.823	1.975
Fibonacci	1.167	1.293	1.371	1.497	1.623	1.701	1.827

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):	62.59
MACD (12,26,9):	0.0480
Directional Movement:	29.880
AROON (14):	35.714
DEMA (21):	1.709
Parabolic SAR (0,02-0,02-0,2):	1.626
Elder Ray (13):	0.037
Super Trend (3,10):	1.625
Zig ZAG (10):	1.720
VORTEX (21):	1.1780
Stochastique (14,3,5):	71.61
TEMA (21):	1.730
Williams %R (14):	-27.78
Chande Momentum Oscillator (20):	0.130
Repulse (5,40,3):	-0.3060
ROCnROLL:	1
TRIX (15,9):	0.3940
Courbe Coppock:	15.48

MA7:	1.561
MA20:	1.456
MA50:	1.445
MA100:	1.559
MAexp7:	1.703
MAexp20:	1.648
MAexp50:	1.577
MAexp100:	1.519
Price / MA7:	+10.19%
Price / MA20:	+18.13%
Price / MA50:	+19.03%
Price / MA100:	+10.33%
Price / MAexp7:	+1.00%
Price / MAexp20:	+4.37%
Price / MAexp50:	+9.07%
Price / MAexp100:	+13.23%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on CLARANOVA 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

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