VALNEVA - 1H - Technical analysis published on 08/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 3.613 EUR
My targets
4.105 EUR (+7.06%)
4.144 EUR (+8.09%)
My analysis
The bullish trend is currently very strong on VALNEVA. As long as the price remains above the support at 3.613 EUR, you could try to benefit from the boom. The first bullish objective is located at 4.105 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.144 EUR as an objective. Crossing it would then enable buyers to target 4.950 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
The VALNEVA rating is 3.834 EUR. The price has increased by +13.10% since the last closing and was between 3.382 EUR and 3.834 EUR. This implies that the price is at +13.36% from its lowest and at 0% from its highest.3.382
3.834
3.834
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this VALNEVA 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.418 | 3.485 | 3.562 | 3.834 | 4.144 | 4.950 | 6.358 |
| Change (%) | -10.85% | -9.10% | -7.09% | - | +8.09% | +29.11% | +65.83% |
| Change | -0.416 | -0.349 | -0.272 | - | +0.310 | +1.116 | +2.524 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.138 | 3.250 | 3.320 | 3.432 | 3.502 | 3.614 | 3.684 |
| Camarilla | 3.340 | 3.357 | 3.373 | 3.390 | 3.407 | 3.423 | 3.440 |
| Woodie | 3.117 | 3.240 | 3.299 | 3.422 | 3.481 | 3.604 | 3.663 |
| Fibonacci | 3.250 | 3.320 | 3.363 | 3.432 | 3.502 | 3.545 | 3.614 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.629 | 2.851 | 3.121 | 3.343 | 3.613 | 3.835 | 4.105 |
| Camarilla | 3.255 | 3.300 | 3.345 | 3.390 | 3.435 | 3.480 | 3.525 |
| Woodie | 2.652 | 2.863 | 3.144 | 3.355 | 3.636 | 3.847 | 4.128 |
| Fibonacci | 2.851 | 3.039 | 3.155 | 3.343 | 3.531 | 3.647 | 3.835 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.775 | 2.977 | 3.137 | 3.339 | 3.499 | 3.701 | 3.861 |
| Camarilla | 3.199 | 3.232 | 3.265 | 3.298 | 3.331 | 3.364 | 3.398 |
| Woodie | 2.755 | 2.967 | 3.117 | 3.329 | 3.479 | 3.691 | 3.841 |
| Fibonacci | 2.977 | 3.115 | 3.200 | 3.339 | 3.477 | 3.562 | 3.701 |
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): | 75.17 | |
| MACD (12,26,9): | 0.0590 | |
| Directional Movement: | 29.431 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 3.583 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.379 | |
| Elder Ray (13): | 0.168 | |
| Super Trend (3,10): | 3.473 | |
| Zig ZAG (10): | 3.778 | |
| VORTEX (21): | 1.1420 | |
| Stochastique (14,3,5): | 92.57 | |
| TEMA (21): | 3.594 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.286 | |
| Repulse (5,40,3): | 9.9910 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1950 | |
| Courbe Coppock: | 4.04 |
| MA7: | 3.384 | |
| MA20: | 3.268 | |
| MA50: | 3.313 | |
| MA100: | 3.530 | |
| MAexp7: | 3.587 | |
| MAexp20: | 3.504 | |
| MAexp50: | 3.399 | |
| MAexp100: | 3.322 | |
| Price / MA7: | +13.30% | |
| Price / MA20: | +17.32% | |
| Price / MA50: | +15.73% | |
| Price / MA100: | +8.61% | |
| Price / MAexp7: | +7.05% | |
| Price / MAexp20: | +9.59% | |
| Price / MAexp50: | +12.97% | |
| Price / MAexp100: | +15.59% |
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 Reports Half Year 2024 Financial Results and Provides Corporate Updates
- VALNEVA - Declaration of shares and voting rights: July 31, 2024
- VALNEVA - Declaration of shares and voting rights: May 31, 2024
- Valneva to Present and Hold Investor Meetings at Upcoming Conferences in June
- Valneva Appoints Dr. Hanneke Schuitemaker, Ph.D. as Chief Scientific Officer
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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