ADYEN - Daily - Technical analysis published on 08/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 1,544.2 EUR
My targets
1,624.5 EUR (+1.61%)
1,689.8 EUR (+5.69%)
My analysis
The bullish trend is currently very strong on ADYEN. As long as the price remains above the support at 1,544.2 EUR, you could try to benefit from the boom. The first bullish objective is located at 1,624.5 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,689.8 EUR as an objective. Crossing it would then enable buyers to target 1,862.0 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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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 ADYEN price is 1,598.8 EUR. On the day, this instrument gained +2.36% and was traded between 1,573.8 EUR and 1,599.0 EUR over the period. The price is currently at +1.59% from its lowest and -0.01% from its highest.1,573.8
1,599.0
1,598.8
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 ADYEN:
Technical
A technical analysis in Daily of this ADYEN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. 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 50
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
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:
Near support of channel
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 | 1,396.1 | 1,446.6 | 1,544.2 | 1,598.8 | 1,624.5 | 1,689.8 | 1,862.0 |
| Change (%) | -12.68% | -9.52% | -3.42% | - | +1.61% | +5.69% | +16.46% |
| Change | -202.7 | -152.2 | -54.6 | - | +25.7 | +91.0 | +263.2 |
| Level | Minor | Major | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,530.8 | 1,545.2 | 1,553.6 | 1,568.0 | 1,576.4 | 1,590.8 | 1,599.2 |
| Camarilla | 1,555.7 | 1,557.8 | 1,559.9 | 1,562.0 | 1,564.1 | 1,566.2 | 1,568.3 |
| Woodie | 1,527.8 | 1,543.7 | 1,550.6 | 1,566.5 | 1,573.4 | 1,589.3 | 1,596.2 |
| Fibonacci | 1,545.2 | 1,553.9 | 1,559.3 | 1,568.0 | 1,576.7 | 1,582.1 | 1,590.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,374.6 | 1,462.8 | 1,522.8 | 1,611.0 | 1,671.0 | 1,759.2 | 1,819.2 |
| Camarilla | 1,542.1 | 1,555.6 | 1,569.2 | 1,582.8 | 1,596.4 | 1,610.0 | 1,623.6 |
| Woodie | 1,360.5 | 1,455.8 | 1,508.7 | 1,604.0 | 1,656.9 | 1,752.2 | 1,805.1 |
| Fibonacci | 1,462.8 | 1,519.4 | 1,554.4 | 1,611.0 | 1,667.6 | 1,702.6 | 1,759.2 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,261.3 | 1,350.7 | 1,520.3 | 1,609.7 | 1,779.3 | 1,868.7 | 2,038.3 |
| Camarilla | 1,618.6 | 1,642.3 | 1,666.1 | 1,689.8 | 1,713.5 | 1,737.3 | 1,761.0 |
| Woodie | 1,301.3 | 1,370.8 | 1,560.3 | 1,629.8 | 1,819.3 | 1,888.8 | 2,078.3 |
| Fibonacci | 1,350.7 | 1,449.7 | 1,510.8 | 1,609.7 | 1,708.7 | 1,769.8 | 1,868.7 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.80 | |
| MACD (12,26,9): | 9.5000 | |
| Directional Movement: | 1.3 | |
| AROON (14): | 42.9 | |
| DEMA (21): | 1,593.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,681.4 | |
| Elder Ray (13): | 2.6 | |
| Super Trend (3,10): | 1,543.2 | |
| Zig ZAG (10): | 1,594.2 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 26.50 | |
| TEMA (21): | 1,590.7 | |
| Williams %R (14): | -63.30 | |
| Chande Momentum Oscillator (20): | 45.2 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 4.60 |
| MA7: | 1,577.1 | |
| MA20: | 1,582.2 | |
| MA50: | 1,567.5 | |
| MA100: | 1,506.8 | |
| MAexp7: | 1,582.4 | |
| MAexp20: | 1,579.3 | |
| MAexp50: | 1,555.0 | |
| MAexp100: | 1,518.8 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | +1.05% | |
| Price / MA50: | +2.00% | |
| Price / MA100: | +6.11% | |
| Price / MAexp7: | +1.04% | |
| Price / MAexp20: | +1.23% | |
| Price / MAexp50: | +2.82% | |
| Price / MAexp100: | +5.27% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on ADYEN at the time of the generation of this analysis was as follows:
- DGAP-News: Adyen Expands Global Acquiring Capabilities to Malaysia
- Michael Hill Helps Customers Continue to Celebrate Life’s Special Moments
- Easi Partners With Adyen to Help Deliver Secure Payment Experiences
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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