PHARMING GROUP

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	PHARM
ISIN:	NL0010391025

PHARMING GROUP - Daily - Technical analysis published on 06/24/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

39%

My opinion

Bearish under 0.8188 EUR

My targets

0.7237 EUR (-7.34%)

0.6739 EUR (-13.71%)

My analysis

PHARMING GROUP 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 0.8188 EUR. The next support located at 0.7237 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 0.6739 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.5

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.

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Additional analysis

Quotes

The PHARMING GROUP rating is 0.7810 EUR. The price registered an increase of +4.90% on the session and was between 0.7450 EUR and 0.7820 EUR. This implies that the price is at +4.83% from its lowest and at -0.13% from its highest.

0.7450

0.7820

0.7810

Here is a more detailed summary of the historical variations registered by PHARMING GROUP:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of PHARMING GROUP in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

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	0.6739	0.7810	0.8680	0.9203	1.0502
Change (%)	-13.71%	-	+11.14%	+17.84%	+34.47%
Change	-0.1071	-	+0.0870	+0.1393	+0.2692
Level	Major	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7118	0.7262	0.7353	0.7497	0.7588	0.7732	0.7823
Camarilla	0.7380	0.7402	0.7424	0.7445	0.7467	0.7488	0.7510
Woodie	0.7093	0.7249	0.7328	0.7484	0.7563	0.7719	0.7798
Fibonacci	0.7262	0.7351	0.7407	0.7497	0.7586	0.7642	0.7732

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7003	0.7172	0.7308	0.7477	0.7613	0.7782	0.7918
Camarilla	0.7361	0.7389	0.7417	0.7445	0.7473	0.7501	0.7529
Woodie	0.6988	0.7164	0.7293	0.7469	0.7598	0.7774	0.7903
Fibonacci	0.7172	0.7288	0.7360	0.7477	0.7593	0.7665	0.7782

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5317	0.6268	0.7237	0.8188	0.9157	1.0108	1.1077
Camarilla	0.7677	0.7853	0.8029	0.8205	0.8381	0.8557	0.8733
Woodie	0.5325	0.6273	0.7245	0.8193	0.9165	1.0113	1.1085
Fibonacci	0.6268	0.7002	0.7455	0.8188	0.8922	0.9375	1.0108

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):	45.81
MACD (12,26,9):	-0.0276
Directional Movement:	-11.7722
AROON (14):	-50.0000
DEMA (21):	0.7425
Parabolic SAR (0,02-0,02-0,2):	0.8226
Elder Ray (13):	-0.0043
Super Trend (3,10):	0.8110
Zig ZAG (10):	0.7810
VORTEX (21):	0.8638
Stochastique (14,3,5):	30.21
TEMA (21):	0.7451
Williams %R (14):	-43.03
Chande Momentum Oscillator (20):	-0.0190
Repulse (5,40,3):	3.8516
ROCnROLL:	-1
TRIX (15,9):	-0.5302
Courbe Coppock:	13.72

MA7:	0.7521
MA20:	0.7816
MA50:	0.8413
MA100:	0.9428
MAexp7:	0.7601
MAexp20:	0.7811
MAexp50:	0.8409
MAexp100:	0.9124
Price / MA7:	+3.84%
Price / MA20:	-0.08%
Price / MA50:	-7.17%
Price / MA100:	-17.16%
Price / MAexp7:	+2.75%
Price / MAexp20:	-0.01%
Price / MAexp50:	-7.12%
Price / MAexp100:	-14.40%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

The latest news and videos published on PHARMING GROUP 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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