FERMENTALG - 1H - Technical analysis published on 10/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.3942 EUR
My targets
0.3780 EUR (-3.32%)
0.3705 EUR (-5.24%)
My analysis
FERMENTALG is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.3942 EUR. The next support located at 0.3780 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.3705 EUR. Below this support, sellers could then target 0.2300 EUR.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.1
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FERMENTALG price is 0.3910 EUR. The price registered an increase of +0.00% on the session and was between 0.3900 EUR and 0.3980 EUR. This implies that the price is at +0.26% from its lowest and at -1.76% from its highest.0.3900
0.3980
0.3910
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FERMENTALG in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.2300 | 0.3705 | 0.3780 | 0.3910 | 0.3942 | 0.4131 | 0.4358 |
| Change (%) | -41.18% | -5.24% | -3.32% | - | +0.82% | +5.65% | +11.46% |
| Change | -0.1610 | -0.0205 | -0.0130 | - | +0.0032 | +0.0221 | +0.0448 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3530 | 0.3690 | 0.3800 | 0.3960 | 0.4070 | 0.4230 | 0.4340 |
| Camarilla | 0.3836 | 0.3861 | 0.3885 | 0.3910 | 0.3935 | 0.3960 | 0.3984 |
| Woodie | 0.3505 | 0.3678 | 0.3775 | 0.3948 | 0.4045 | 0.4218 | 0.4315 |
| Fibonacci | 0.3690 | 0.3793 | 0.3857 | 0.3960 | 0.4063 | 0.4127 | 0.4230 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3293 | 0.3537 | 0.3868 | 0.4112 | 0.4443 | 0.4687 | 0.5018 |
| Camarilla | 0.4042 | 0.4095 | 0.4147 | 0.4200 | 0.4253 | 0.4305 | 0.4358 |
| Woodie | 0.3338 | 0.3559 | 0.3913 | 0.4134 | 0.4488 | 0.4709 | 0.5063 |
| Fibonacci | 0.3537 | 0.3756 | 0.3892 | 0.4112 | 0.4331 | 0.4467 | 0.4687 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.2828 | 0.3267 | 0.3693 | 0.4132 | 0.4558 | 0.4997 | 0.5423 |
| Camarilla | 0.3882 | 0.3961 | 0.4041 | 0.4120 | 0.4199 | 0.4279 | 0.4358 |
| Woodie | 0.2823 | 0.3264 | 0.3688 | 0.4129 | 0.4553 | 0.4994 | 0.5418 |
| Fibonacci | 0.3267 | 0.3597 | 0.3801 | 0.4132 | 0.4462 | 0.4666 | 0.4997 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.26 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -26.8000 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 0.3978 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.4039 | |
| Elder Ray (13): | -0.0071 | |
| Super Trend (3,10): | 0.4161 | |
| Zig ZAG (10): | 0.3905 | |
| VORTEX (21): | 0.8211 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 0.3924 | |
| Williams %R (14): | -81.36 | |
| Chande Momentum Oscillator (20): | -0.0215 | |
| Repulse (5,40,3): | -2.0131 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0620 | |
| Courbe Coppock: | 7.87 |
| MA7: | 0.3974 | |
| MA20: | 0.4067 | |
| MA50: | 0.4201 | |
| MA100: | 0.4564 | |
| MAexp7: | 0.3957 | |
| MAexp20: | 0.4016 | |
| MAexp50: | 0.4029 | |
| MAexp100: | 0.4050 | |
| Price / MA7: | -1.61% | |
| Price / MA20: | -3.86% | |
| Price / MA50: | -6.93% | |
| Price / MA100: | -14.33% | |
| Price / MAexp7: | -1.19% | |
| Price / MAexp20: | -2.64% | |
| Price / MAexp50: | -2.95% | |
| Price / MAexp100: | -3.46% |
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:
- A 1st half-year 2024 marked by the success of the commercial relaunch and the strengthening of strategic alliances
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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