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 08/07/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

50%

22%

28%

My opinion

Bearish under 0.4590 EUR

My targets

0.3950 EUR (-5.50%)

0.3780 EUR (-9.57%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FERMENTALG as long as the price remains well below 0.4590 EUR. The sellers' bearish objective is set at 0.3950 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.3780 EUR. In case of crossing, the next objective would be the support located at 0.3172 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.2

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.

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

Additional analysis

Quotes

The FERMENTALG price is 0.4180 EUR. The price has increased by +3.21% since the last closing with the lowest point at 0.4010 EUR and the highest point at 0.4180 EUR. The deviation from the price is +4.24% for the low point and 0% for the high point.

0.4010

0.4180

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:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of FERMENTALG in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

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

Near support of triangle

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.2300	0.3172	0.3950	0.4180	0.5120	0.6342	0.7390
Change (%)	-44.98%	-24.11%	-5.50%	-	+22.49%	+51.72%	+76.79%
Change	-0.1880	-0.1008	-0.0230	-	+0.0940	+0.2162	+0.3210
Level	Major	Intermediate	Minor	-	Intermediate	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	0.3775	0.3830	0.3940	0.3995	0.4105	0.4160	0.4270
Camarilla	0.4005	0.4020	0.4035	0.4050	0.4065	0.4080	0.4095
Woodie	0.3803	0.3844	0.3968	0.4009	0.4133	0.4174	0.4298
Fibonacci	0.3830	0.3893	0.3932	0.3995	0.4058	0.4097	0.4160

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.3533	0.3797	0.3958	0.4222	0.4383	0.4647	0.4808
Camarilla	0.4003	0.4042	0.4081	0.4120	0.4159	0.4198	0.4237
Woodie	0.3483	0.3771	0.3908	0.4196	0.4333	0.4621	0.4758
Fibonacci	0.3797	0.3959	0.4059	0.4222	0.4384	0.4484	0.4647

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.2480	0.3290	0.3780	0.4590	0.5080	0.5890	0.6380
Camarilla	0.3913	0.4032	0.4151	0.4270	0.4389	0.4508	0.4628
Woodie	0.2320	0.3210	0.3620	0.4510	0.4920	0.5810	0.6220
Fibonacci	0.3290	0.3787	0.4093	0.4590	0.5087	0.5393	0.5890

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	44.92
MACD (12,26,9):	-0.0123
Directional Movement:	-2.0689
AROON (14):	-35.7143
DEMA (21):	0.4067
Parabolic SAR (0,02-0,02-0,2):	0.4665
Elder Ray (13):	-0.0094
Super Trend (3,10):	0.3846
Zig ZAG (10):	0.4180
VORTEX (21):	0.8726
Stochastique (14,3,5):	34.85
TEMA (21):	0.4127
Williams %R (14):	-46.21
Chande Momentum Oscillator (20):	-0.0120
Repulse (5,40,3):	3.9239
ROCnROLL:	2
TRIX (15,9):	-0.4142
Courbe Coppock:	4.51

MA7:	0.4161
MA20:	0.4216
MA50:	0.4575
MA100:	0.5276
MAexp7:	0.4144
MAexp20:	0.4245
MAexp50:	0.4572
MAexp100:	0.4903
Price / MA7:	+0.46%
Price / MA20:	-0.85%
Price / MA50:	-8.63%
Price / MA100:	-20.77%
Price / MAexp7:	+0.87%
Price / MAexp20:	-1.53%
Price / MAexp50:	-8.57%
Price / MAexp100:	-14.75%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on FERMENTALG at the time of the generation of this analysis was as follows:

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

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