VERGNET - Daily - Technical analysis published on 12/27/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 2.0033 EUR
My targets
1.0600 EUR (-39.42%)
0.8400 EUR (-51.99%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.0033 EUR remains possible. It is advisable to trade VERGNET with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.0033 EUR. The next bearish objective for sellers is set at 1.0600 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8400 EUR. In case of crossing, the next objective would be the support located at 0.6600 EUR. PS: if there is a bullish break in the resistance located at 2.0033 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VERGNET rating is 1.7498 EUR. The price registered an increase of +29.62% on the session with the lowest point at 1.3600 EUR and the highest point at 2.0000 EUR. The deviation from the price is +28.66% for the low point and -12.51% for the high point.1.3600
2.0000
1.7498
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VERGNET:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of VERGNET indicates that the overall trend is bearish. 67.86% 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.7498 | 182,400.0300 | 836,000.0600 | 1,349,000.1000 |
| Change (%) | - | +10,423,950.18% | +47,776,792.22% | +77,094,430.80% |
| Change | - | +182,398.2802 | +835,998.3102 | +1,348,998.3502 |
| Level | - | Minor | Minor | 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 | 1.0000 | 1.1300 | 1.2400 | 1.3700 | 1.4800 | 1.6100 | 1.7200 |
| Camarilla | 1.2840 | 1.3060 | 1.3280 | 1.3500 | 1.3720 | 1.3940 | 1.4160 |
| Woodie | 0.9900 | 1.1250 | 1.2300 | 1.3650 | 1.4700 | 1.6050 | 1.7100 |
| Fibonacci | 1.1300 | 1.2217 | 1.2783 | 1.3700 | 1.4617 | 1.5183 | 1.6100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.5333 | -0.1367 | 0.6067 | 2.0033 | 2.7467 | 4.1433 | 4.8867 |
| Camarilla | 0.7615 | 0.9577 | 1.1538 | 1.3500 | 1.5462 | 1.7423 | 1.9385 |
| Woodie | -1.8600 | -0.3000 | 0.2800 | 1.8400 | 2.4200 | 3.9800 | 4.5600 |
| Fibonacci | -0.1367 | 0.6808 | 1.1859 | 2.0033 | 2.8208 | 3.3259 | 4.1433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.1400 | 0.0400 | 0.2600 | 0.4400 | 0.6600 | 0.8400 | 1.0600 |
| Camarilla | 0.3700 | 0.4067 | 0.4433 | 0.4800 | 0.5167 | 0.5533 | 0.5900 |
| Woodie | -0.1200 | 0.0500 | 0.2800 | 0.4500 | 0.6800 | 0.8500 | 1.0800 |
| Fibonacci | 0.0400 | 0.1928 | 0.2872 | 0.4400 | 0.5928 | 0.6872 | 0.8400 |
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): | 20.67 | |
| MACD (12,26,9): | -22.8895 | |
| Directional Movement: | -26.0048 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 6.1129 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.3554 | |
| Elder Ray (13): | -0.0535 | |
| Super Trend (3,10): | 1.1102 | |
| Zig ZAG (10): | 1.6812 | |
| VORTEX (21): | 1.0175 | |
| Stochastique (14,3,5): | 11.07 | |
| TEMA (21): | 63.4270 | |
| Williams %R (14): | -80.32 | |
| Chande Momentum Oscillator (20): | -0.2188 | |
| Repulse (5,40,3): | -28.2846 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 1.7165 | |
| Courbe Coppock: | 233.10 |
| MA7: | 2.0414 | |
| MA20: | 1.6597 | |
| MA50: | 0.9389 | |
| MA100: | 2.2713 | |
| MAexp7: | 1.7847 | |
| MAexp20: | 1.8076 | |
| MAexp50: | 118,645.2959 | |
| MAexp100: | 9,872,466.2781 | |
| Price / MA7: | -14.28% | |
| Price / MA20: | +5.43% | |
| Price / MA50: | +86.37% | |
| Price / MA100: | -22.96% | |
| Price / MAexp7: | -1.96% | |
| Price / MAexp20: | -3.20% | |
| Price / MAexp50: | -100.00% | |
| Price / MAexp100: | -100.00% |
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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