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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 05/14/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.6200 EUR
My targets
0.7017 EUR (+4.42%)
0.7390 EUR (+9.97%)
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 0.6200 EUR. The buyers' bullish objective is set at 0.7017 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.7390 EUR. If there is any crossing, the next objective would be the resistance located at 0.9250 EUR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6

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 0.6720 EUR. The price registered an increase of +33.60% on the session with the lowest point at 0.5530 EUR and the highest point at 0.6720 EUR. The deviation from the price is +21.52% for the low point and 0% for the high point.

0.5530
0.6720
0.6720

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand 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 Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of FERMENTALG indicates that the overall trend is bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.5578 0.5840 0.6200 0.6720 0.7390 0.9250 1.4866
Change (%) -16.99% -13.10% -7.74% - +9.97% +37.65% +121.22%
Change -0.1142 -0.0880 -0.0520 - +0.0670 +0.2530 +0.8146
Level Intermediate Minor Intermediate - Minor Intermediate 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
Standard0.47930.48970.49630.50670.51330.52370.5303
Camarilla0.49830.49990.50140.50300.50460.50610.5077
Woodie0.47750.48880.49450.50580.51150.52280.5285
Fibonacci0.48970.49620.50020.50670.51320.51720.5237


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.42900.46200.48400.51700.53900.57200.5940
Camarilla0.49090.49590.50100.50600.51100.51610.5211
Woodie0.42350.45930.47850.51430.53350.56930.5885
Fibonacci0.46200.48300.49600.51700.53800.55100.5720


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.27570.40430.48870.61730.70170.83030.9147
Camarilla0.51440.53400.55350.57300.59250.61210.6316
Woodie0.25350.39330.46650.60630.67950.81930.8925
Fibonacci0.40430.48570.53600.61730.69870.74900.8303

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): 88.28
MACD (12,26,9): 0.0085
Directional Movement: 60.8259
AROON (14): 64.2857
DEMA (21): 0.5273
Parabolic SAR (0,02-0,02-0,2): 0.5000
Elder Ray (13): 0.0760
Super Trend (3,10): 0.5421
Zig ZAG (10): 0.6430
VORTEX (21): 0.9764
Stochastique (14,3,5): 45.10
TEMA (21): 0.5407
Williams %R (14): -0.67
Chande Momentum Oscillator (20): 0.1400
Repulse (5,40,3): 17.7012
ROCnROLL: 1
TRIX (15,9): 0.0017
Courbe Coppock: 9.69
MA7: 0.5336
MA20: 0.5575
MA50: 0.5913
MA100: 0.5494
MAexp7: 0.5456
MAexp20: 0.5187
MAexp50: 0.5192
MAexp100: 0.5344
Price / MA7: +25.94%
Price / MA20: +20.54%
Price / MA50: +13.65%
Price / MA100: +22.32%
Price / MAexp7: +23.17%
Price / MAexp20: +29.55%
Price / MAexp50: +29.43%
Price / MAexp100: +25.75%

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:

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

About author

Londinia
Londinia AI

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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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