BIOSYNEX - Daily - Technical analysis published on 08/20/2024 (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
83%
6%
11%
My opinion
Bullish above 5.44 EUR
My targets
6.35 EUR (+4.74%)
6.86 EUR (+13.20%)
My analysis
The bullish trend is currently very strong on BIOSYNEX. As long as the price remains above the support at 5.44 EUR, you could try to benefit from the boom. The first bullish objective is located at 6.35 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.86 EUR as an objective. Crossing it would then enable buyers to target 7.59 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
7.9
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Additional analysis
Quotes
BIOSYNEX rating 6.06 EUR. The price is lower by -9.69% since the last closing and was traded between 5.81 EUR and 6.58 EUR over the period. The price is currently at +4.30% from its lowest and -7.90% from its highest.5.81
6.58
6.06
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BIOSYNEX:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BIOSYNEX in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.83 | 4.06 | 5.36 | 6.06 | 6.11 | 6.86 | 7.59 |
| Change (%) | -53.30% | -33.00% | -11.55% | - | +0.83% | +13.20% | +25.25% |
| Change | -3.23 | -2.00 | -0.70 | - | +0.05 | +0.80 | +1.53 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.98 | 5.41 | 6.06 | 6.49 | 7.14 | 7.57 | 8.22 |
| Camarilla | 6.41 | 6.51 | 6.61 | 6.71 | 6.81 | 6.91 | 7.01 |
| Woodie | 5.09 | 5.47 | 6.17 | 6.55 | 7.25 | 7.63 | 8.33 |
| Fibonacci | 5.41 | 5.82 | 6.08 | 6.49 | 6.90 | 7.16 | 7.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.34 | 3.04 | 4.34 | 5.04 | 6.34 | 7.04 | 8.34 |
| Camarilla | 5.08 | 5.26 | 5.45 | 5.63 | 5.81 | 6.00 | 6.18 |
| Woodie | 2.63 | 3.19 | 4.63 | 5.19 | 6.63 | 7.19 | 8.63 |
| Fibonacci | 3.04 | 3.81 | 4.28 | 5.04 | 5.81 | 6.28 | 7.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.22 | 2.02 | 2.93 | 3.73 | 4.64 | 5.44 | 6.35 |
| Camarilla | 3.36 | 3.52 | 3.67 | 3.83 | 3.99 | 4.14 | 4.30 |
| Woodie | 1.27 | 2.05 | 2.98 | 3.76 | 4.69 | 5.47 | 6.40 |
| Fibonacci | 2.02 | 2.68 | 3.08 | 3.73 | 4.39 | 4.79 | 5.44 |
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): | 72.50 | |
| MACD (12,26,9): | 0.5100 | |
| Directional Movement: | 47.41 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 4.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.81 | |
| Elder Ray (13): | 1.48 | |
| Super Trend (3,10): | 5.05 | |
| Zig ZAG (10): | 6.03 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 87.30 | |
| TEMA (21): | 5.40 | |
| Williams %R (14): | -26.41 | |
| Chande Momentum Oscillator (20): | 2.09 | |
| Repulse (5,40,3): | 16.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9200 | |
| Courbe Coppock: | 59.64 |
| MA7: | 4.89 | |
| MA20: | 4.20 | |
| MA50: | 3.70 | |
| MA100: | 4.02 | |
| MAexp7: | 5.23 | |
| MAexp20: | 4.42 | |
| MAexp50: | 4.06 | |
| MAexp100: | 4.39 | |
| Price / MA7: | +23.93% | |
| Price / MA20: | +44.29% | |
| Price / MA50: | +63.78% | |
| Price / MA100: | +50.75% | |
| Price / MAexp7: | +15.87% | |
| Price / MAexp20: | +37.10% | |
| Price / MAexp50: | +49.26% | |
| Price / MAexp100: | +38.04% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on BIOSYNEX. At the time of publication of this analysis, the latest news was as follows:
- Shareholder Alert: Ademi LLP investigates whether Chembio Diagnostics, Inc. has obtained a Fair Price in its transaction with Biosynex
- BIOSYNEX SA: Extension of the distribution agreement between Credo Diagnostics Biomedical Pte Ltd and BIOSYNEX S.A.
- BIOSYNEX Announces the Great Success of Its Capital Increase Through Placement With Qualified Investors for an Amount of €15m
-
Biosynex
This member declared not having a position on this financial instrument or a related financial instrument.
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