VALNEVA - Weekly - Technical analysis published on 03/14/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
56%
11%
My opinion
Bearish under 3.653 EUR
My targets
2.758 EUR (-22.20%)
2.132 EUR (-39.86%)
My analysis
VALNEVA 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 3.653 EUR. The next support located at 2.758 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 2.132 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VALNEVA rating 3.545 EUR. The price is up +13.19% over 5 days and was traded between 3.246 EUR and 3.567 EUR over the period. The price is currently at +9.21% from its lowest point and -0.62% from its highest point.3.246
3.567
3.545
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VALNEVA:
Technical
Technical analysis of VALNEVA in Weekly shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 6 are bullish, 2 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.132 | 3.545 | 4.157 | 7.804 | 14.900 |
| Change (%) | -39.86% | - | +17.26% | +120.14% | +320.31% |
| Change | -1.413 | - | +0.612 | +4.259 | +11.355 |
| Level | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.321 | 3.356 | 3.424 | 3.459 | 3.527 | 3.562 | 3.630 |
| Camarilla | 3.465 | 3.474 | 3.484 | 3.493 | 3.502 | 3.512 | 3.521 |
| Woodie | 3.339 | 3.364 | 3.442 | 3.467 | 3.545 | 3.570 | 3.648 |
| Fibonacci | 3.356 | 3.395 | 3.419 | 3.459 | 3.498 | 3.522 | 3.562 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.559 | 2.755 | 3.047 | 3.243 | 3.535 | 3.731 | 4.023 |
| Camarilla | 3.206 | 3.251 | 3.295 | 3.340 | 3.385 | 3.430 | 3.474 |
| Woodie | 2.608 | 2.779 | 3.096 | 3.267 | 3.584 | 3.755 | 4.072 |
| Fibonacci | 2.755 | 2.941 | 3.056 | 3.243 | 3.429 | 3.544 | 3.731 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.863 | 2.449 | 2.758 | 3.344 | 3.653 | 4.239 | 4.548 |
| Camarilla | 2.821 | 2.903 | 2.985 | 3.067 | 3.149 | 3.231 | 3.313 |
| Woodie | 1.725 | 2.380 | 2.620 | 3.275 | 3.515 | 4.170 | 4.410 |
| Fibonacci | 2.449 | 2.791 | 3.002 | 3.344 | 3.686 | 3.897 | 4.239 |
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): | 34.76 | |
| MACD (12,26,9): | -0.6520 | |
| Directional Movement: | -13.723 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 3.421 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.384 | |
| Elder Ray (13): | -0.484 | |
| Super Trend (3,10): | 4.645 | |
| Zig ZAG (10): | 3.532 | |
| VORTEX (21): | 0.8530 | |
| Stochastique (14,3,5): | 15.99 | |
| TEMA (21): | 3.144 | |
| Williams %R (14): | -73.43 | |
| Chande Momentum Oscillator (20): | -1.026 | |
| Repulse (5,40,3): | 4.7450 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.5430 | |
| Courbe Coppock: | 66.78 |
| MA7: | 3.346 | |
| MA20: | 3.290 | |
| MA50: | 3.723 | |
| MA100: | 4.506 | |
| MAexp7: | 3.553 | |
| MAexp20: | 4.240 | |
| MAexp50: | 5.306 | |
| MAexp100: | 6.633 | |
| Price / MA7: | +5.95% | |
| Price / MA20: | +7.75% | |
| Price / MA50: | -4.78% | |
| Price / MA100: | -21.33% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -16.39% | |
| Price / MAexp50: | -33.19% | |
| Price / MAexp100: | -46.56% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on VALNEVA at the time of the generation of this analysis was as follows:
- Valneva to Present at Upcoming TD Cowen and Van Lanschot Kempen Healthcare Investor Conferences
- VALNEVA: Declaration of shares and voting rights - January 31, 2024
- Valneva Announces Sale of Priority Review Voucher for $103 Million
- Valneva Vaccinates First Participant in Pediatric Trial of Single-Shot Chikungunya Vaccine
- Valneva Provides Updated 2023 Financial Guidance
This member declared not having a position on this financial instrument or a related financial instrument.
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