FERMENTALG - 1H - Technical analysis published on 10/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.4131 EUR
My targets
0.4357 EUR (+3.37%)
0.4570 EUR (+8.42%)
My analysis
The bullish trend is currently very strong on FERMENTALG. As long as the price remains above the support at 0.4131 EUR, you could try to benefit from the boom. The first bullish objective is located at 0.4357 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.4570 EUR as an objective. Crossing it would then enable buyers to target 0.5113 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
7.3
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FERMENTALG rating 0.4215 EUR. On the day, this instrument gained +3.82% with the lowest point at 0.4145 EUR and the highest point at 0.4365 EUR. The deviation from the price is +1.69% for the low point and -3.44% for the high point.0.4145
0.4365
0.4215
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
Here is a more detailed summary of the historical variations registered by FERMENTALG:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this FERMENTALG chart shows a strongly bullish trend. 82.14% 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 does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 0.3942 | 0.4131 | 0.4196 | 0.4215 | 0.4357 | 0.4570 | 0.5113 |
| Change (%) | -6.48% | -1.99% | -0.45% | - | +3.37% | +8.42% | +21.30% |
| Change | -0.0273 | -0.0084 | -0.0019 | - | +0.0142 | +0.0355 | +0.0898 |
| Level | Major | Minor | Minor | - | 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 | 0.3813 | 0.3887 | 0.3973 | 0.4047 | 0.4133 | 0.4207 | 0.4293 |
| Camarilla | 0.4016 | 0.4031 | 0.4045 | 0.4060 | 0.4075 | 0.4089 | 0.4104 |
| Woodie | 0.3820 | 0.3890 | 0.3980 | 0.4050 | 0.4140 | 0.4210 | 0.4300 |
| Fibonacci | 0.3887 | 0.3948 | 0.3986 | 0.4047 | 0.4108 | 0.4146 | 0.4207 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.47 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 20.1713 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 0.4049 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.3946 | |
| Elder Ray (13): | 0.0154 | |
| Super Trend (3,10): | 0.4015 | |
| Zig ZAG (10): | 0.4145 | |
| VORTEX (21): | 1.0940 | |
| Stochastique (14,3,5): | 63.66 | |
| TEMA (21): | 0.4100 | |
| Williams %R (14): | -48.89 | |
| Chande Momentum Oscillator (20): | 0.0170 | |
| Repulse (5,40,3): | -2.4311 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0070 | |
| Courbe Coppock: | 6.46 |
| MA7: | 0.4070 | |
| MA20: | 0.4065 | |
| MA50: | 0.4200 | |
| MA100: | 0.4527 | |
| MAexp7: | 0.4099 | |
| MAexp20: | 0.4035 | |
| MAexp50: | 0.4027 | |
| MAexp100: | 0.4044 | |
| Price / MA7: | +3.56% | |
| Price / MA20: | +3.69% | |
| Price / MA50: | +0.36% | |
| Price / MA100: | -6.89% | |
| Price / MAexp7: | +2.83% | |
| Price / MAexp20: | +4.46% | |
| Price / MAexp50: | +4.67% | |
| Price / MAexp100: | +4.23% |
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:
- Sales of EUR 9.7 million to end September, in line with 2024 full-year target
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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