VALNEVA - Weekly - Technical analysis published on 05/03/2024 (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%
28%
39%
My opinion
Bearish under 3.665 EUR
My targets
3.067 EUR (-11.16%)
2.753 EUR (-20.24%)
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 3.665 EUR. The next support located at 3.067 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 2.753 EUR. Below this support, sellers could then target 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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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 3.452 EUR. Over 5 days, this instrument gained +0.23% and was traded between 3.352 EUR and 3.520 EUR over the period. The price is currently at +2.98% from its lowest point and -1.93% from its highest point.3.352
3.520
3.452
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 VALNEVA:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of VALNEVA in Weekly shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Aroon indicator bullish trend
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3.452 | 4.157 | 7.804 | 14.900 |
| Change (%) | -38.24% | - | +20.42% | +126.07% | +331.63% |
| Change | -1.320 | - | +0.705 | +4.352 | +11.448 |
| Level | Major | - | Intermediate | Major | Intermediate |
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 | 3.239 | 3.301 | 3.341 | 3.403 | 3.443 | 3.505 | 3.545 |
| Camarilla | 3.352 | 3.361 | 3.371 | 3.380 | 3.389 | 3.399 | 3.408 |
| Woodie | 3.227 | 3.296 | 3.329 | 3.398 | 3.431 | 3.500 | 3.533 |
| Fibonacci | 3.301 | 3.340 | 3.364 | 3.403 | 3.442 | 3.466 | 3.505 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.863 | 3.137 | 3.291 | 3.565 | 3.719 | 3.993 | 4.147 |
| Camarilla | 3.326 | 3.366 | 3.405 | 3.444 | 3.483 | 3.523 | 3.562 |
| Woodie | 2.802 | 3.107 | 3.230 | 3.535 | 3.658 | 3.963 | 4.086 |
| Fibonacci | 3.137 | 3.301 | 3.402 | 3.565 | 3.729 | 3.830 | 3.993 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.155 | 2.753 | 3.067 | 3.665 | 3.979 | 4.577 | 4.891 |
| Camarilla | 3.129 | 3.213 | 3.296 | 3.380 | 3.464 | 3.547 | 3.631 |
| Woodie | 2.012 | 2.682 | 2.924 | 3.594 | 3.836 | 4.506 | 4.748 |
| Fibonacci | 2.753 | 3.102 | 3.317 | 3.665 | 4.014 | 4.229 | 4.577 |
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): | 37.34 | |
| MACD (12,26,9): | -0.4460 | |
| Directional Movement: | -2.775 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 3.290 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.027 | |
| Elder Ray (13): | -0.266 | |
| Super Trend (3,10): | 4.645 | |
| Zig ZAG (10): | 3.452 | |
| VORTEX (21): | 0.8080 | |
| Stochastique (14,3,5): | 41.51 | |
| TEMA (21): | 3.284 | |
| Williams %R (14): | -61.80 | |
| Chande Momentum Oscillator (20): | -0.206 | |
| Repulse (5,40,3): | -9.5540 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.6110 | |
| Courbe Coppock: | 26.98 |
| MA7: | 3.451 | |
| MA20: | 3.675 | |
| MA50: | 3.502 | |
| MA100: | 3.878 | |
| MAexp7: | 3.582 | |
| MAexp20: | 3.924 | |
| MAexp50: | 4.893 | |
| MAexp100: | 6.224 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | -6.07% | |
| Price / MA50: | -1.43% | |
| Price / MA100: | -10.99% | |
| Price / MAexp7: | -3.63% | |
| Price / MAexp20: | -12.03% | |
| Price / MAexp50: | -29.45% | |
| Price / MAexp100: | -44.54% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on VALNEVA. At the time of publication of this analysis, the latest news was as follows:
- Declaration of voting rights - Valneva SE, March 2024
- Valneva Initiates Phase 1 Trial of Second-Generation Zika Vaccine Candidate
- Valneva Announces Filing of 2023 Universal Registration Document and US Form 20-F
- Valneva Reports Full Year 2023 Results and Provides Business Updates and Outlook
- Valneva Announces Extension of the Interest-Only Period of Its Debt Facility with Deerfield and OrbiMed
This member declared not having a position on this financial instrument or a related financial instrument.
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