FERMENTALG - 1H - Technical analysis published on 09/12/2024 (GMT)
- 99
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.4160 EUR
My targets
0.4449 EUR (+4.93%)
0.4570 EUR (+7.78%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for FERMENTALG as long as the price remains well above 0.4160 EUR. The buyers' bullish objective is set at 0.4449 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.4570 EUR. If there is any crossing, the next objective would be the resistance located at 0.4680 EUR.
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
3
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
FERMENTALG rating 0.4240 EUR. The price registered an increase of +0.00% on the session and was between 0.4220 EUR and 0.4240 EUR. This implies that the price is at +0.47% from its lowest and at 0% from its highest.0.4220
0.4240
0.4240
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FERMENTALG:
Technical
Technical analysis of this 1H chart of FERMENTALG indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near horizontal support
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 | 0.3942 | 0.4000 | 0.4160 | 0.4240 | 0.4250 | 0.4449 | 0.4570 |
| Change (%) | -7.03% | -5.66% | -1.89% | - | +0.24% | +4.93% | +7.78% |
| Change | -0.0298 | -0.0240 | -0.0080 | - | +0.0010 | +0.0209 | +0.0330 |
| Level | Major | Intermediate | Minor | - | Intermediate | 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 | 0.3767 | 0.3913 | 0.4077 | 0.4223 | 0.4387 | 0.4533 | 0.4697 |
| Camarilla | 0.4155 | 0.4183 | 0.4212 | 0.4240 | 0.4268 | 0.4297 | 0.4325 |
| Woodie | 0.3775 | 0.3918 | 0.4085 | 0.4228 | 0.4395 | 0.4538 | 0.4705 |
| Fibonacci | 0.3913 | 0.4032 | 0.4105 | 0.4223 | 0.4342 | 0.4415 | 0.4533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3420 | 0.3710 | 0.3990 | 0.4280 | 0.4560 | 0.4850 | 0.5130 |
| Camarilla | 0.4113 | 0.4166 | 0.4218 | 0.4270 | 0.4322 | 0.4375 | 0.4427 |
| Woodie | 0.3415 | 0.3708 | 0.3985 | 0.4278 | 0.4555 | 0.4848 | 0.5125 |
| Fibonacci | 0.3710 | 0.3928 | 0.4062 | 0.4280 | 0.4498 | 0.4632 | 0.4850 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3068 | 0.3447 | 0.3923 | 0.4302 | 0.4778 | 0.5157 | 0.5633 |
| Camarilla | 0.4165 | 0.4243 | 0.4322 | 0.4400 | 0.4478 | 0.4557 | 0.4635 |
| Woodie | 0.3118 | 0.3471 | 0.3973 | 0.4326 | 0.4828 | 0.5181 | 0.5683 |
| Fibonacci | 0.3447 | 0.3773 | 0.3975 | 0.4302 | 0.4628 | 0.4830 | 0.5157 |
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): | 52.52 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 8.6902 | |
| AROON (14): | 28.5715 | |
| DEMA (21): | 0.4207 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.4087 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 0.4129 | |
| Zig ZAG (10): | 0.4220 | |
| VORTEX (21): | 0.9806 | |
| Stochastique (14,3,5): | 55.21 | |
| TEMA (21): | 0.4237 | |
| Williams %R (14): | -46.88 | |
| Chande Momentum Oscillator (20): | 0.0160 | |
| Repulse (5,40,3): | 1.2606 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0078 | |
| Courbe Coppock: | 5.52 |
| MA7: | 0.4189 | |
| MA20: | 0.4322 | |
| MA50: | 0.4275 | |
| MA100: | 0.4772 | |
| MAexp7: | 0.4231 | |
| MAexp20: | 0.4199 | |
| MAexp50: | 0.4212 | |
| MAexp100: | 0.4249 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | -1.90% | |
| Price / MA50: | -0.82% | |
| Price / MA100: | -11.15% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.98% | |
| Price / MAexp50: | +0.66% | |
| Price / MAexp100: | -0.21% |
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:
- Thanks to sales of EUR6.3 million, Fermentalg closes a historic 1st half-year 2024, also marked by its strategic agreement with HuvePharma
- Successful capital increase for a total amount of EUR12.8m, with the support of Fermentalg's industrial partner HuvePharma and Bpifrance, to create the European champion for microalgae fermentation solutions
- Launch of a capital increase open to institutional and retail investors for a total of approximately EUR12 million, with the support of HuvePharma, Fermentalg's industrial partner
- Fermentalg sales ahead of target, successful production transfer
- After a difficult 2023, Fermentalg confirms in 1st quarter 2024 the return to growth and secures its 2024 sales target
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis FERMENTALG - 1H