FERMENTALG

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ALGAE
ISIN:	FR0011271600

FERMENTALG - Daily - Technical analysis published on 05/14/2024 (GMT)

Londinia

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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

61%

11%

28%

My opinion

Bullish above 0.6173 EUR

My targets

0.7017 EUR (+12.27%)

0.7390 EUR (+18.24%)

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 0.6173 EUR. The next resistance located at 0.7017 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 0.7390 EUR. After this resistance, buyers could then target 0.9250 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

Comment on the analysis

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.

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Additional analysis

Quotes

The FERMENTALG price is 0.6250 EUR. The price has increased by +24.25% since the last closing with the lowest point at 0.5530 EUR and the highest point at 0.6720 EUR. The deviation from the price is +13.02% for the low point and -6.99% for the high point.

0.5530

0.6720

0.6250

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this FERMENTALG chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.3760	0.4700	0.5578	0.6250	0.7390	0.9250	1.4866
Change (%)	-39.84%	-24.80%	-10.75%	-	+18.24%	+48.00%	+137.86%
Change	-0.2490	-0.1550	-0.0672	-	+0.1140	+0.3000	+0.8616
Level	Minor	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
Standard	0.4793	0.4897	0.4963	0.5067	0.5133	0.5237	0.5303
Camarilla	0.4983	0.4999	0.5014	0.5030	0.5046	0.5061	0.5077
Woodie	0.4775	0.4888	0.4945	0.5058	0.5115	0.5228	0.5285
Fibonacci	0.4897	0.4962	0.5002	0.5067	0.5132	0.5172	0.5237

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.4290	0.4620	0.4840	0.5170	0.5390	0.5720	0.5940
Camarilla	0.4909	0.4959	0.5010	0.5060	0.5110	0.5161	0.5211
Woodie	0.4235	0.4593	0.4785	0.5143	0.5335	0.5693	0.5885
Fibonacci	0.4620	0.4830	0.4960	0.5170	0.5380	0.5510	0.5720

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.2757	0.4043	0.4887	0.6173	0.7017	0.8303	0.9147
Camarilla	0.5144	0.5340	0.5535	0.5730	0.5925	0.6121	0.6316
Woodie	0.2535	0.3933	0.4665	0.6063	0.6795	0.8193	0.8925
Fibonacci	0.4043	0.4857	0.5360	0.6173	0.6987	0.7490	0.8303

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):	60.45
MACD (12,26,9):	-0.0190
Directional Movement:	15.3020
AROON (14):	35.7143
DEMA (21):	0.5321
Parabolic SAR (0,02-0,02-0,2):	0.4950
Elder Ray (13):	0.0642
Super Trend (3,10):	0.4893
Zig ZAG (10):	0.6250
VORTEX (21):	0.8388
Stochastique (14,3,5):	30.29
TEMA (21):	0.5241
Williams %R (14):	-27.68
Chande Momentum Oscillator (20):	0.0570
Repulse (5,40,3):	7.8400
ROCnROLL:	1
TRIX (15,9):	-0.5641
Courbe Coppock:	15.40

MA7:	0.5271
MA20:	0.5573
MA50:	0.5910
MA100:	0.5492
MAexp7:	0.5449
MAexp20:	0.5583
MAexp50:	0.5763
MAexp100:	0.5568
Price / MA7:	+18.57%
Price / MA20:	+12.15%
Price / MA50:	+5.75%
Price / MA100:	+13.80%
Price / MAexp7:	+14.70%
Price / MAexp20:	+11.95%
Price / MAexp50:	+8.45%
Price / MAexp100:	+12.25%

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 AI

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