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FERMENTALG
FERMENTALG
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALGAE
ISIN: FR0011271600

FERMENTALG - 1H - Technical analysis published on 01/30/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.4700 EUR
My targets
0.5002 EUR (+1.76%)
0.5503 EUR (+11.97%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FERMENTALG as long as the price remains well above 0.4700 EUR. The buyers' bullish objective is set at 0.5002 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.5503 EUR. If there is any crossing, the next objective would be the resistance located at 0.6053 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
8.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

pierrott
This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

FERMENTALG rating 0.4915 EUR. The price is lower by -0.30% since the last closing with the lowest point at 0.4565 EUR and the highest point at 0.5200 EUR. The deviation from the price is +7.67% for the low point and -5.48% for the high point.

0.4565
0.5200
0.4915

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by FERMENTALG:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of FERMENTALG indicates that the overall trend is strongly bullish. 92.86% 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

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


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.4090 0.4500 0.4700 0.4915 0.6053 0.7470 0.8135
Change (%) -16.79% -8.44% -4.37% - +23.15% +51.98% +65.51%
Change -0.0825 -0.0415 -0.0215 - +0.1138 +0.2555 +0.3220
Level Minor Intermediate Minor - Major 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
Standard0.34300.37300.43300.46300.52300.55300.6130
Camarilla0.46830.47650.48480.49300.50130.50950.5178
Woodie0.35800.38050.44800.47050.53800.56050.6280
Fibonacci0.37300.40740.42860.46300.49740.51860.5530


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.25030.30020.35030.40020.45030.50020.5503
Camarilla0.37300.38220.39130.40050.40970.41880.4280
Woodie0.25050.30030.35050.40030.45050.50030.5505
Fibonacci0.30020.33840.36200.40020.43840.46200.5002


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.14800.19200.24700.29100.34600.39000.4450
Camarilla0.27480.28390.29290.30200.31110.32020.3292
Woodie0.15350.19480.25250.29380.35150.39280.4505
Fibonacci0.19200.22980.25320.29100.32880.35220.3900

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): 73.65
MACD (12,26,9): 0.0221
Directional Movement: 43.5352
AROON (14): 100.0000
DEMA (21): 0.4537
Parabolic SAR (0,02-0,02-0,2): 0.3864
Elder Ray (13): 0.0483
Super Trend (3,10): 0.4242
Zig ZAG (10): 0.4825
VORTEX (21): 1.1147
Stochastique (14,3,5): 88.06
TEMA (21): 0.4658
Williams %R (14): -29.76
Chande Momentum Oscillator (20): 0.0765
Repulse (5,40,3): 5.4594
ROCnROLL: 1
TRIX (15,9): 0.5300
Courbe Coppock: 29.64
MA7: 0.4195
MA20: 0.3319
MA50: 0.2925
MA100: 0.3455
MAexp7: 0.4591
MAexp20: 0.4278
MAexp50: 0.3980
MAexp100: 0.3665
Price / MA7: +17.16%
Price / MA20: +48.09%
Price / MA50: +68.03%
Price / MA100: +42.26%
Price / MAexp7: +7.06%
Price / MAexp20: +14.89%
Price / MAexp50: +23.49%
Price / MAexp100: +34.11%

Quotes : - 15 min delayed data - Euronext Paris

News


Don't forget to follow the news on FERMENTALG. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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