WALLIX - Daily - Technical analysis published on 02/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 9.00 EUR
My targets
9.91 EUR (+4.13%)
10.54 EUR (+10.71%)
My analysis
The bullish trend is currently very strong on WALLIX. As long as the price remains above the support at 9.00 EUR, you could try to benefit from the boom. The first bullish objective is located at 9.91 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.54 EUR as an objective. Crossing it would then enable buyers to target 11.80 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WALLIX rating is 9.52 EUR. On the day, this instrument lost -2.76% and was traded between 9.50 EUR and 9.81 EUR over the period. The price is currently at +0.21% from its lowest and -2.96% from its highest.9.50
9.81
9.52
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WALLIX in Daily shows a strongly overall bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.18 | 8.20 | 9.00 | 9.52 | 9.66 | 10.54 | 11.80 |
| Change (%) | -35.08% | -13.87% | -5.46% | - | +1.47% | +10.71% | +23.95% |
| Change | -3.34 | -1.32 | -0.52 | - | +0.14 | +1.02 | +2.28 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.52 | 8.88 | 9.33 | 9.69 | 10.14 | 10.50 | 10.95 |
| Camarilla | 9.57 | 9.64 | 9.72 | 9.79 | 9.86 | 9.94 | 10.01 |
| Woodie | 8.58 | 8.90 | 9.39 | 9.71 | 10.20 | 10.52 | 11.01 |
| Fibonacci | 8.88 | 9.19 | 9.38 | 9.69 | 10.00 | 10.19 | 10.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.26 | 8.68 | 9.36 | 9.78 | 10.46 | 10.88 | 11.56 |
| Camarilla | 9.74 | 9.84 | 9.94 | 10.04 | 10.14 | 10.24 | 10.34 |
| Woodie | 8.39 | 8.75 | 9.49 | 9.85 | 10.59 | 10.95 | 11.69 |
| Fibonacci | 8.68 | 9.10 | 9.36 | 9.78 | 10.20 | 10.46 | 10.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.65 | 7.35 | 7.93 | 8.63 | 9.21 | 9.91 | 10.49 |
| Camarilla | 8.15 | 8.27 | 8.38 | 8.50 | 8.62 | 8.74 | 8.85 |
| Woodie | 6.58 | 7.32 | 7.86 | 8.60 | 9.14 | 9.88 | 10.42 |
| Fibonacci | 7.35 | 7.84 | 8.14 | 8.63 | 9.12 | 9.42 | 9.91 |
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): | 52.43 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 7.78 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 9.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.25 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 8.87 | |
| Zig ZAG (10): | 9.52 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 47.55 | |
| TEMA (21): | 9.81 | |
| Williams %R (14): | -63.93 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | -4.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3500 | |
| Courbe Coppock: | 14.27 |
| MA7: | 9.73 | |
| MA20: | 9.41 | |
| MA50: | 9.11 | |
| MA100: | 8.78 | |
| MAexp7: | 9.61 | |
| MAexp20: | 9.44 | |
| MAexp50: | 9.20 | |
| MAexp100: | 9.23 | |
| Price / MA7: | -2.16% | |
| Price / MA20: | +1.17% | |
| Price / MA50: | +4.50% | |
| Price / MA100: | +8.43% | |
| Price / MAexp7: | -0.94% | |
| Price / MAexp20: | +0.85% | |
| Price / MAexp50: | +3.48% | |
| Price / MAexp100: | +3.14% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on WALLIX at the time of the generation of this analysis was as follows:
- WALLIX significantly improves non-financial performance and receives EthiFinance ESG Ratings gold medal
- Further Acceleration in Recurring Business Growth, with Turnover in Excess of EUR 30 Million in 2023.
- Disclosure of trading in own shares
- Introducing WALLIX One, the cybersecurity SaaS platform designed to meet the digital and economic challenges of companies aiming to safeguard their access and identities
- Introducing WALLIX One, the cybersecurity SaaS platform designed to meet the digital and economic challenges of companies aiming to safeguard their access and identities
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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