SAVENCIA - Daily - Technical analysis published on 10/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 64.4 EUR
My targets
63.2 EUR (-1.25%)
60.0 EUR (-6.25%)
My analysis
In the short term, we can see an acceleration in the bearish trend on SAVENCIA, which is a positive signal for sellers. As long as the price remains above 64.4 EUR, a sale could be considered. The first bearish objective is located at 63.2 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 60.0 EUR as an objective. Crossing it would then enable sellers to target 57.8 EUR. If the price were to return above 64.4 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.5
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SAVENCIA price is 64.0 EUR. On the day, this instrument gained +0.00% and was traded between 63.8 EUR and 64.0 EUR over the period. The price is currently at +0.31% from its lowest and 0% from its highest.63.8
64.0
64.0
Here is a more detailed summary of the historical variations registered by SAVENCIA:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SAVENCIA indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 57.8 | 60.0 | 63.2 | 64.0 | 64.4 | 67.4 | 69.9 |
| Change (%) | -9.69% | -6.25% | -1.25% | - | +0.63% | +5.31% | +9.22% |
| Change | -6.2 | -4.0 | -0.8 | - | +0.4 | +3.4 | +5.9 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 61.9 | 62.7 | 63.3 | 64.1 | 64.7 | 65.5 | 66.1 |
| Camarilla | 63.6 | 63.7 | 63.9 | 64.0 | 64.1 | 64.3 | 64.4 |
| Woodie | 61.9 | 62.7 | 63.3 | 64.1 | 64.7 | 65.5 | 66.1 |
| Fibonacci | 62.7 | 63.2 | 63.5 | 64.1 | 64.6 | 64.9 | 65.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.1 | 63.7 | 64.5 | 65.1 | 65.9 | 66.5 | 67.3 |
| Camarilla | 64.8 | 64.9 | 65.1 | 65.2 | 65.3 | 65.5 | 65.6 |
| Woodie | 63.1 | 63.8 | 64.5 | 65.2 | 65.9 | 66.6 | 67.3 |
| Fibonacci | 63.7 | 64.3 | 64.6 | 65.1 | 65.7 | 66.0 | 66.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.3 | 61.9 | 63.1 | 65.7 | 66.9 | 69.5 | 70.7 |
| Camarilla | 63.4 | 63.7 | 64.1 | 64.4 | 64.8 | 65.1 | 65.5 |
| Woodie | 58.7 | 61.6 | 62.5 | 65.4 | 66.3 | 69.2 | 70.1 |
| Fibonacci | 61.9 | 63.3 | 64.2 | 65.7 | 67.1 | 68.0 | 69.5 |
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): | 38.30 | |
| MACD (12,26,9): | -0.4000 | |
| Directional Movement: | 2.5 | |
| AROON (14): | -7.2 | |
| DEMA (21): | 64.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 66.2 | |
| Elder Ray (13): | -0.7 | |
| Super Trend (3,10): | 66.7 | |
| Zig ZAG (10): | 64.0 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 15.40 | |
| TEMA (21): | 64.0 | |
| Williams %R (14): | -76.90 | |
| Chande Momentum Oscillator (20): | -0.4 | |
| Repulse (5,40,3): | -1.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 4.10 |
| MA7: | 64.4 | |
| MA20: | 65.1 | |
| MA50: | 65.7 | |
| MA100: | 64.9 | |
| MAexp7: | 64.3 | |
| MAexp20: | 64.9 | |
| MAexp50: | 65.2 | |
| MAexp100: | 65.0 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -1.69% | |
| Price / MA50: | -2.59% | |
| Price / MA100: | -1.39% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | -1.39% | |
| Price / MAexp50: | -1.84% | |
| Price / MAexp100: | -1.54% |
News
The last news published on SAVENCIA at the time of the generation of this analysis was as follows:
SavenciaThis member declared not having a position on this financial instrument or a related financial instrument.
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