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 10/02/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 0.4132 EUR

My targets

0.3693 EUR (-5.54%)

0.3267 EUR (-16.45%)

My analysis

The bearish trend is currently very strong for FERMENTALG. As long as the price remains below the resistance at 0.4132 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.3693 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.3267 EUR as an objective. Crossing it would then enable sellers to target 0.2300 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.3

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 0.3910 EUR. On the day, this instrument gained +0.00% and was traded between 0.3900 EUR and 0.3980 EUR over the period. The price is currently at +0.26% from its lowest and -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

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, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of FERMENTALG indicates that the overall trend is strongly bearish. 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 is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.2300	0.3910	0.3942	0.5113	0.7390
Change (%)	-41.18%	-	+0.82%	+30.77%	+89.00%
Change	-0.1610	-	+0.0032	+0.1203	+0.3480
Level	Major	-	Major	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	0.3530	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):	42.47
MACD (12,26,9):	-0.0085
Directional Movement:	-0.3748
AROON (14):	-21.4285
DEMA (21):	0.3953
Parabolic SAR (0,02-0,02-0,2):	0.3743
Elder Ray (13):	-0.0079
Super Trend (3,10):	0.4338
Zig ZAG (10):	0.3910
VORTEX (21):	0.9017
Stochastique (14,3,5):	41.41
TEMA (21):	0.3927
Williams %R (14):	-68.70
Chande Momentum Oscillator (20):	-0.0270
Repulse (5,40,3):	-5.6481
ROCnROLL:	2
TRIX (15,9):	-0.2839
Courbe Coppock:	11.24

MA7:	0.3974
MA20:	0.4067
MA50:	0.4201
MA100:	0.4564
MAexp7:	0.3983
MAexp20:	0.4063
MAexp50:	0.4228
MAexp100:	0.4450
Price / MA7:	-1.61%
Price / MA20:	-3.86%
Price / MA50:	-6.93%
Price / MA100:	-14.33%
Price / MAexp7:	-1.83%
Price / MAexp20:	-3.77%
Price / MAexp50:	-7.52%
Price / MAexp100:	-12.13%

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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