FERMENTALG

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ALGAE
ISIN:	FR0011271600

FERMENTALG - 1H - Technical analysis published on 10/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

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

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

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:

The Central Records scanner for higher/lower results shows an item:

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

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

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:

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

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