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 5.36 EUR
My targets
6.11 EUR (+3.56%)
6.86 EUR (+16.27%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BIOSYNEX as long as the price remains well above 5.36 EUR. The buyers' bullish objective is set at 6.11 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.86 EUR. If there is any crossing, the next objective would be the resistance located at 7.59 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BIOSYNEX rating is 5.90 EUR. On the day, this instrument lost -12.07% with the lowest point at 5.81 EUR and the highest point at 6.58 EUR. The deviation from the price is +1.55% for the low point and -10.33% for the high point.5.81
6.58
5.90
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this BIOSYNEX chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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
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 horizontal support
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
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 | 5.90 | 6.11 | 6.86 | 7.59 |
| Change (%) | -52.03% | -31.19% | -9.15% | - | +3.56% | +16.27% | +28.64% |
| Change | -3.07 | -1.84 | -0.54 | - | +0.21 | +0.96 | +1.69 |
| Level | Minor | Major | Intermediate | - | 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 | 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): | 72.84 | |
| MACD (12,26,9): | 0.5100 | |
| Directional Movement: | 47.41 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 4.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.81 | |
| Elder Ray (13): | 1.48 | |
| Super Trend (3,10): | 5.05 | |
| Zig ZAG (10): | 6.04 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 87.40 | |
| TEMA (21): | 5.40 | |
| Williams %R (14): | -26.11 | |
| Chande Momentum Oscillator (20): | 2.10 | |
| Repulse (5,40,3): | 16.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9200 | |
| Courbe Coppock: | 59.73 |
| MA7: | 4.88 | |
| MA20: | 4.20 | |
| MA50: | 3.70 | |
| MA100: | 4.02 | |
| MAexp7: | 5.20 | |
| MAexp20: | 4.43 | |
| MAexp50: | 4.06 | |
| MAexp100: | 4.39 | |
| Price / MA7: | +20.90% | |
| Price / MA20: | +40.48% | |
| Price / MA50: | +59.46% | |
| Price / MA100: | +46.77% | |
| Price / MAexp7: | +13.46% | |
| Price / MAexp20: | +33.18% | |
| Price / MAexp50: | +45.32% | |
| Price / MAexp100: | +34.40% |
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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