FERMENTALG - 1H - Technical analysis published on 11/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.3505 EUR
My targets
0.3942 EUR (+10.72%)
0.4437 EUR (+24.63%)
My analysis
FERMENTALG is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.3505 EUR. The next resistance located at 0.3942 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.4437 EUR. After this resistance, buyers could then target 0.4516 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
FERMENTALG rating 0.3560 EUR. On the day, this instrument gained +29.46% with the lowest point at 0.2575 EUR and the highest point at 0.3780 EUR. The deviation from the price is +38.25% for the low point and -5.82% for the high point.0.2575
0.3780
0.3560
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 FERMENTALG:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of FERMENTALG in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
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 | 0.2335 | 0.2780 | 0.3505 | 0.3560 | 0.4516 | 0.4950 | 0.6235 |
| Change (%) | -34.41% | -21.91% | -1.54% | - | +26.85% | +39.04% | +75.14% |
| Change | -0.1225 | -0.0780 | -0.0055 | - | +0.0956 | +0.1390 | +0.2675 |
| Level | Major | Minor | Major | - | Minor | Minor | Intermediate |
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 | 0.2077 | 0.2263 | 0.2507 | 0.2693 | 0.2937 | 0.3123 | 0.3367 |
| Camarilla | 0.2632 | 0.2671 | 0.2711 | 0.2750 | 0.2789 | 0.2829 | 0.2868 |
| Woodie | 0.2105 | 0.2278 | 0.2535 | 0.2708 | 0.2965 | 0.3138 | 0.3395 |
| Fibonacci | 0.2263 | 0.2428 | 0.2529 | 0.2693 | 0.2858 | 0.2959 | 0.3123 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1197 | 0.1643 | 0.2112 | 0.2558 | 0.3027 | 0.3473 | 0.3942 |
| Camarilla | 0.2328 | 0.2412 | 0.2496 | 0.2580 | 0.2664 | 0.2748 | 0.2832 |
| Woodie | 0.1208 | 0.1649 | 0.2123 | 0.2564 | 0.3038 | 0.3479 | 0.3953 |
| Fibonacci | 0.1643 | 0.1993 | 0.2209 | 0.2558 | 0.2908 | 0.3124 | 0.3473 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.1283 | 0.0403 | 0.1577 | 0.3263 | 0.4437 | 0.6123 | 0.7297 |
| Camarilla | 0.1964 | 0.2226 | 0.2488 | 0.2750 | 0.3012 | 0.3274 | 0.3537 |
| Woodie | -0.1540 | 0.0275 | 0.1320 | 0.3135 | 0.4180 | 0.5995 | 0.7040 |
| Fibonacci | 0.0403 | 0.1496 | 0.2171 | 0.3263 | 0.4356 | 0.5031 | 0.6123 |
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): | 80.46 | |
| MACD (12,26,9): | 0.0253 | |
| Directional Movement: | 34.4776 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 0.3201 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.2775 | |
| Elder Ray (13): | 0.0463 | |
| Super Trend (3,10): | 0.2881 | |
| Zig ZAG (10): | 0.3600 | |
| VORTEX (21): | 1.2866 | |
| Stochastique (14,3,5): | 89.15 | |
| TEMA (21): | 0.3420 | |
| Williams %R (14): | -13.53 | |
| Chande Momentum Oscillator (20): | 0.1005 | |
| Repulse (5,40,3): | 13.0602 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7472 | |
| Courbe Coppock: | 61.35 |
| MA7: | 0.2679 | |
| MA20: | 0.3314 | |
| MA50: | 0.4767 | |
| MA100: | 0.5818 | |
| MAexp7: | 0.3289 | |
| MAexp20: | 0.2924 | |
| MAexp50: | 0.2754 | |
| MAexp100: | 0.2914 | |
| Price / MA7: | +32.89% | |
| Price / MA20: | +7.42% | |
| Price / MA50: | -25.32% | |
| Price / MA100: | -38.81% | |
| Price / MAexp7: | +8.24% | |
| Price / MAexp20: | +21.75% | |
| Price / MAexp50: | +29.27% | |
| Price / MAexp100: | +22.17% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on FERMENTALG at the time of the analysis were as follows:
- H1 2023 Sales / New strategic plan in Fall
- Fermentalg strengthens its management team and separates the functions of Chairman of the Board and CEO
- Fermentalg strengthens its cash position through a EUR6.3 million bond issue with four European investors, to boost its development plan
- 2023 Financial Agenda
- Fermentalg committed to the " Food needs of Tomorrow " with the support of Bpifrance
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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