AVENIR TELECOM - Daily - Technical analysis published on 03/08/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.1476 EUR
My targets
0.1397 EUR (-0.24%)
0.1230 EUR (-12.14%)
My analysis
The strong short-term decline of AVENIR TELECOM reinforces the current slightly bearish trend. As long as the price remains below 0.1476 EUR, you could take advantage of this bearish acceleration. The first bearish objective is located at 0.1397 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.1230 EUR as an objective. Crossing it would then enable sellers to target 0.1126 EUR. A return to above 0.1476 EUR would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.8
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Additional analysis
Quotes
The AVENIR TELECOM rating is 0.1400 EUR. On the day, this instrument gained +2.94% and was between 0.1378 EUR and 0.1400 EUR. This implies that the price is at +1.60% from its lowest and at 0% from its highest.0.1378
0.1400
0.1400
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 AVENIR TELECOM:
Technical
Technical analysis of this Daily chart of AVENIR TELECOM indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.1126 | 0.1230 | 0.1400 | 0.1476 | 0.1642 | 0.1906 |
Change (%) | -19.57% | -12.14% | - | +5.43% | +17.29% | +36.14% |
Change | -0.0274 | -0.0170 | - | +0.0076 | +0.0242 | +0.0506 |
Level | Major | Intermediate | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.1243 | 0.1281 | 0.1321 | 0.1359 | 0.1399 | 0.1437 | 0.1477 |
Camarilla | 0.1339 | 0.1346 | 0.1353 | 0.1360 | 0.1367 | 0.1374 | 0.1382 |
Woodie | 0.1243 | 0.1282 | 0.1321 | 0.1360 | 0.1399 | 0.1438 | 0.1477 |
Fibonacci | 0.1281 | 0.1311 | 0.1330 | 0.1359 | 0.1389 | 0.1408 | 0.1437 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.0813 | 0.1021 | 0.1203 | 0.1411 | 0.1593 | 0.1801 | 0.1983 |
Camarilla | 0.1277 | 0.1313 | 0.1348 | 0.1384 | 0.1420 | 0.1456 | 0.1491 |
Woodie | 0.0799 | 0.1015 | 0.1189 | 0.1405 | 0.1579 | 0.1795 | 0.1969 |
Fibonacci | 0.1021 | 0.1170 | 0.1262 | 0.1411 | 0.1560 | 0.1652 | 0.1801 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.0623 | 0.0927 | 0.1093 | 0.1397 | 0.1563 | 0.1867 | 0.2033 |
Camarilla | 0.1131 | 0.1174 | 0.1217 | 0.1260 | 0.1303 | 0.1346 | 0.1389 |
Woodie | 0.0555 | 0.0893 | 0.1025 | 0.1363 | 0.1495 | 0.1833 | 0.1965 |
Fibonacci | 0.0927 | 0.1106 | 0.1217 | 0.1397 | 0.1576 | 0.1687 | 0.1867 |
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): | 46.38 | |
MACD (12,26,9): | -0.0031 | |
Directional Movement: | -5.6494 | |
AROON (14): | -57.1429 | |
DEMA (21): | 0.1411 | |
Parabolic SAR (0,02-0,02-0,2): | 0.1571 | |
Elder Ray (13): | -0.0032 | |
Super Trend (3,10): | 0.1722 | |
Zig ZAG (10): | 0.1400 | |
VORTEX (21): | 0.9811 | |
Stochastique (14,3,5): | 35.60 | |
TEMA (21): | 0.1357 | |
Williams %R (14): | -58.54 | |
Chande Momentum Oscillator (20): | -0.0150 | |
Repulse (5,40,3): | 2.3270 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1610 | |
Courbe Coppock: | 23.82 |
MA7: | 0.1376 | |
MA20: | 0.1474 | |
MA50: | 0.1450 | |
MA100: | 0.1360 | |
MAexp7: | 0.1395 | |
MAexp20: | 0.1441 | |
MAexp50: | 0.1439 | |
MAexp100: | 0.1468 | |
Price / MA7: | +1.74% | |
Price / MA20: | -5.02% | |
Price / MA50: | -3.45% | |
Price / MA100: | +2.94% | |
Price / MAexp7: | +0.36% | |
Price / MAexp20: | -2.85% | |
Price / MAexp50: | -2.71% | |
Price / MAexp100: | -4.63% |
Quotes :
-
15 min delayed data
-
Euronext Paris
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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