AVENIR TELECOM - Daily - Technical analysis published on 04/09/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 0.1476 EUR
My targets
0.1250 EUR (-7.41%)
0.1126 EUR (-16.59%)
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 AVENIR TELECOM. As long as you are under the resistance located at 0.1476 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.1250 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 0.1126 EUR as an objective. Crossing it would then enable sellers to target 0.0704 EUR. If the resistance 0.1476 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.4
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Additional analysis
Quotes
AVENIR TELECOM rating 0.1350 EUR. On the day, this instrument gained +4.49% and was between 0.1270 EUR and 0.1414 EUR. This implies that the price is at +6.30% from its lowest and at -4.53% from its highest.0.1270
0.1414
0.1350
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AVENIR TELECOM indicates that the overall trend is bearish. 64.29% 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 several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.0704 | 0.1126 | 0.1250 | 0.1350 | 0.1476 | 0.1761 | 0.1906 |
| Change (%) | -47.85% | -16.59% | -7.41% | - | +9.33% | +30.44% | +41.19% |
| Change | -0.0646 | -0.0224 | -0.0100 | - | +0.0126 | +0.0411 | +0.0556 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | 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 | 0.1105 | 0.1183 | 0.1237 | 0.1315 | 0.1369 | 0.1447 | 0.1501 |
| Camarilla | 0.1256 | 0.1268 | 0.1280 | 0.1292 | 0.1304 | 0.1316 | 0.1328 |
| Woodie | 0.1094 | 0.1177 | 0.1226 | 0.1309 | 0.1358 | 0.1441 | 0.1490 |
| Fibonacci | 0.1183 | 0.1233 | 0.1264 | 0.1315 | 0.1365 | 0.1396 | 0.1447 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1181 | 0.1229 | 0.1265 | 0.1313 | 0.1349 | 0.1397 | 0.1433 |
| Camarilla | 0.1277 | 0.1285 | 0.1292 | 0.1300 | 0.1308 | 0.1315 | 0.1323 |
| Woodie | 0.1174 | 0.1226 | 0.1258 | 0.1310 | 0.1342 | 0.1394 | 0.1426 |
| Fibonacci | 0.1229 | 0.1261 | 0.1281 | 0.1313 | 0.1345 | 0.1365 | 0.1397 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1043 | 0.1147 | 0.1243 | 0.1347 | 0.1443 | 0.1547 | 0.1643 |
| Camarilla | 0.1285 | 0.1303 | 0.1322 | 0.1340 | 0.1358 | 0.1377 | 0.1395 |
| Woodie | 0.1040 | 0.1145 | 0.1240 | 0.1345 | 0.1440 | 0.1545 | 0.1640 |
| Fibonacci | 0.1147 | 0.1223 | 0.1270 | 0.1347 | 0.1423 | 0.1470 | 0.1547 |
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): | 51.53 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | 9.1696 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 0.1291 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1233 | |
| Elder Ray (13): | 0.0027 | |
| Super Trend (3,10): | 0.1454 | |
| Zig ZAG (10): | 0.1350 | |
| VORTEX (21): | 0.9498 | |
| Stochastique (14,3,5): | 40.77 | |
| TEMA (21): | 0.1295 | |
| Williams %R (14): | -39.02 | |
| Chande Momentum Oscillator (20): | 0.0090 | |
| Repulse (5,40,3): | -3.1877 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3658 | |
| Courbe Coppock: | 3.25 |
| MA7: | 0.1312 | |
| MA20: | 0.1303 | |
| MA50: | 0.1428 | |
| MA100: | 0.1339 | |
| MAexp7: | 0.1315 | |
| MAexp20: | 0.1325 | |
| MAexp50: | 0.1364 | |
| MAexp100: | 0.1406 | |
| Price / MA7: | +2.90% | |
| Price / MA20: | +3.61% | |
| Price / MA50: | -5.46% | |
| Price / MA100: | +0.82% | |
| Price / MAexp7: | +2.66% | |
| Price / MAexp20: | +1.89% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -3.98% |
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
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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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