SAVENCIA

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SAVE
ISIN:	FR0000120107

SAVENCIA - Daily - Technical analysis published on 09/05/2022 (GMT)

Londinia

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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

11%

67%

22%

My opinion

Bearish under 58.8 EUR

My targets

52.2 EUR (-8.42%)

45.9 EUR (-19.47%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SAVENCIA as long as the price remains well below 58.8 EUR. The sellers' bearish objective is set at 52.2 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 45.9 EUR. In case of crossing, the next objective would be the support located at 36.7 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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 SAVENCIA price is 57.0 EUR. On the day, this instrument lost -0.18% and was traded between 57.0 EUR and 57.1 EUR over the period. The price is currently at 0% from its lowest and -0.18% from its highest.

57.0

57.1

57.0

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of SAVENCIA indicates that the overall trend is strongly bearish. 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 scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	45.9	52.2	56.6	57.0	57.6	58.8	60.8
Change (%)	-19.47%	-8.42%	-0.70%	-	+1.05%	+3.16%	+6.67%
Change	-11.1	-4.8	-0.4	-	+0.6	+1.8	+3.8
Level	Major	Minor	Major	-	Minor	Intermediate	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	56.6	56.8	56.9	57.1	57.2	57.4	57.5
Camarilla	57.0	57.1	57.1	57.1	57.1	57.2	57.2
Woodie	56.7	56.8	57.0	57.1	57.3	57.4	57.6
Fibonacci	56.8	56.9	57.0	57.1	57.2	57.3	57.4

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.5	56.2	56.6	57.3	57.7	58.4	58.8
Camarilla	56.8	56.9	57.0	57.1	57.2	57.3	57.4
Woodie	55.5	56.1	56.6	57.2	57.7	58.3	58.8
Fibonacci	56.2	56.6	56.9	57.3	57.7	58.0	58.4

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.2	55.0	56.2	58.0	59.2	61.0	62.2
Camarilla	56.6	56.9	57.1	57.4	57.7	58.0	58.2
Woodie	52.9	54.9	55.9	57.9	58.9	60.9	61.9
Fibonacci	55.0	56.2	56.9	58.0	59.2	59.9	61.0

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):	37.60
MACD (12,26,9):	-0.5000
Directional Movement:	-12.4
AROON (14):	-50.0
DEMA (21):	57.3
Parabolic SAR (0,02-0,02-0,2):	58.9
Elder Ray (13):	-0.7
Super Trend (3,10):	58.8
Zig ZAG (10):	57.0
VORTEX (21):	0.9000
Stochastique (14,3,5):	8.90
TEMA (21):	57.2
Williams %R (14):	-93.30
Chande Momentum Oscillator (20):	-2.3
Repulse (5,40,3):	-0.6000
ROCnROLL:	2
TRIX (15,9):	-0.1000
Courbe Coppock:	4.40

MA7:	57.3
MA20:	58.1
MA50:	58.8
MA100:	59.9
MAexp7:	57.3
MAexp20:	57.9
MAexp50:	58.7
MAexp100:	59.5
Price / MA7:	-0.52%
Price / MA20:	-1.89%
Price / MA50:	-3.06%
Price / MA100:	-4.84%
Price / MAexp7:	-0.52%
Price / MAexp20:	-1.55%
Price / MAexp50:	-2.90%
Price / MAexp100:	-4.20%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on SAVENCIA. At the time of publication of this analysis, the latest news was as follows:

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

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