ABIVAX - Daily - Technical analysis published on 07/20/2022 (GMT)
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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
44%
22%
33%
My opinion
Bearish under 10.56 EUR
My targets
8.37 EUR (-12.32%)
7.57 EUR (-20.73%)
My analysis
The bearish trend is currently very strong for ABIVAX. As long as the price remains below the resistance at 10.56 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 8.37 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.57 EUR as an objective. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ABIVAX rating 9.55 EUR. The price registered an increase of +11.05% on the session and was between 8.61 EUR and 9.62 EUR. This implies that the price is at +10.92% from its lowest and at -0.73% from its highest.8.61
9.62
9.55
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 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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this ABIVAX chart shows a sharp 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.57 | 9.55 | 12.44 | 16.43 | 18.01 |
| Change (%) | -20.73% | - | +30.26% | +72.04% | +88.59% |
| Change | -1.98 | - | +2.89 | +6.88 | +8.46 |
| Level | Intermediate | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.02 | 8.29 | 8.45 | 8.72 | 8.88 | 9.15 | 9.31 |
| Camarilla | 8.48 | 8.52 | 8.56 | 8.60 | 8.64 | 8.68 | 8.72 |
| Woodie | 7.96 | 8.26 | 8.39 | 8.69 | 8.82 | 9.12 | 9.25 |
| Fibonacci | 8.29 | 8.46 | 8.56 | 8.72 | 8.89 | 8.99 | 9.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.01 | 7.84 | 8.37 | 9.20 | 9.73 | 10.56 | 11.09 |
| Camarilla | 8.54 | 8.66 | 8.79 | 8.91 | 9.04 | 9.16 | 9.28 |
| Woodie | 6.87 | 7.77 | 8.23 | 9.13 | 9.59 | 10.49 | 10.95 |
| Fibonacci | 7.84 | 8.36 | 8.68 | 9.20 | 9.72 | 10.04 | 10.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.98 | 4.43 | 7.45 | 12.86 | 15.88 | 21.29 | 24.31 |
| Camarilla | 8.14 | 8.92 | 9.69 | 10.46 | 11.23 | 12.01 | 12.78 |
| Woodie | -2.19 | 3.83 | 6.25 | 12.26 | 14.68 | 20.69 | 23.11 |
| Fibonacci | 4.43 | 7.65 | 9.64 | 12.86 | 16.08 | 18.07 | 21.29 |
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): | 39.40 | |
| MACD (12,26,9): | -1.1400 | |
| Directional Movement: | -9.30 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 8.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.70 | |
| Elder Ray (13): | -0.34 | |
| Super Trend (3,10): | 10.98 | |
| Zig ZAG (10): | 9.51 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 17.74 | |
| TEMA (21): | 8.60 | |
| Williams %R (14): | -55.87 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 3.4800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.6200 | |
| Courbe Coppock: | 23.94 |
| MA7: | 9.00 | |
| MA20: | 9.68 | |
| MA50: | 13.03 | |
| MA100: | 17.29 | |
| MAexp7: | 9.12 | |
| MAexp20: | 9.93 | |
| MAexp50: | 12.64 | |
| MAexp100: | 16.04 | |
| Price / MA7: | +6.11% | |
| Price / MA20: | -1.34% | |
| Price / MA50: | -26.71% | |
| Price / MA100: | -44.77% | |
| Price / MAexp7: | +4.71% | |
| Price / MAexp20: | -3.83% | |
| Price / MAexp50: | -24.45% | |
| Price / MAexp100: | -40.46% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on ABIVAX at the time of the generation of this analysis was as follows:
- DGAP-News: Abivax releases the results of its June 9, 2022 ordinary annual and extraordinary general meeting
- Abivax Releases the Results of its June 9, 2022 Ordinary Annual and Extraordinary General Meeting
- DGAP-News: Abivax phase 2a study results of obefazimod (ABX464) in rheumatoid arthritis published in the journal “Annals of the Rheumatic Diseases” and selected for presentation at EULAR 2022
- Abivax Phase 2a Study Results of Obefazimod (ABX464) in Rheumatoid Arthritis Published in the Journal "Annals of the Rheumatic Diseases" and Selected for Presentation at EULAR 2022
- DGAP-News: ABIVAX: Abivax announces annual ordinary and extraordinary general meeting on June 9, 2022, and the availability of the preparatory documents
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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