GFT TECHNOLOGIES SE - 1H - Technical analysis published on 08/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 22.25 EUR
My targets
20.70 EUR (-3.50%)
15.98 EUR (-25.50%)
My analysis
The bearish trend is currently very strong for GFT TECHNOLOGIES SE. As long as the price remains below the resistance at 22.25 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 20.70 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.98 EUR as an objective. Crossing it would then enable sellers to target 10.75 EUR. 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GFT TECHNOLOGIES SE price is 21.45 EUR. The price registered a decrease of -0.23% on the session and was traded between 21.30 EUR and 21.75 EUR over the period. The price is currently at +0.70% from its lowest and -1.38% from its highest.21.30
21.75
21.45
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GFT TECHNOLOGIES SE 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, only 8 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 | 15.98 | 20.70 | 21.40 | 21.45 | 22.95 | 23.68 | 24.64 |
| Change (%) | -25.50% | -3.50% | -0.23% | - | +6.99% | +10.40% | +14.87% |
| Change | -5.47 | -0.75 | -0.05 | - | +1.50 | +2.23 | +3.19 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 18.23 | 19.47 | 20.48 | 21.72 | 22.73 | 23.97 | 24.98 |
| Camarilla | 20.88 | 21.09 | 21.29 | 21.50 | 21.71 | 21.91 | 22.12 |
| Woodie | 18.13 | 19.41 | 20.38 | 21.66 | 22.63 | 23.91 | 24.88 |
| Fibonacci | 19.47 | 20.33 | 20.86 | 21.72 | 22.58 | 23.11 | 23.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.45 | 22.25 | 22.70 | 23.50 | 23.95 | 24.75 | 25.20 |
| Camarilla | 22.81 | 22.92 | 23.04 | 23.15 | 23.27 | 23.38 | 23.49 |
| Woodie | 21.28 | 22.16 | 22.53 | 23.41 | 23.78 | 24.66 | 25.03 |
| Fibonacci | 22.25 | 22.73 | 23.02 | 23.50 | 23.98 | 24.27 | 24.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.17 | 22.38 | 23.07 | 24.28 | 24.97 | 26.18 | 26.87 |
| Camarilla | 23.23 | 23.40 | 23.58 | 23.75 | 23.92 | 24.10 | 24.27 |
| Woodie | 20.90 | 22.25 | 22.80 | 24.15 | 24.70 | 26.05 | 26.60 |
| Fibonacci | 22.38 | 23.11 | 23.56 | 24.28 | 25.01 | 25.46 | 26.18 |
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): | 38.71 | |
| MACD (12,26,9): | -0.3400 | |
| Directional Movement: | -14.28 | |
| AROON (14): | -28.58 | |
| DEMA (21): | 21.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.05 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 20.56 | |
| Zig ZAG (10): | 21.45 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 35.56 | |
| TEMA (21): | 21.39 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -1.30 | |
| Repulse (5,40,3): | -1.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 10.96 |
| MA7: | 22.49 | |
| MA20: | 23.63 | |
| MA50: | 24.99 | |
| MA100: | 26.40 | |
| MAexp7: | 21.56 | |
| MAexp20: | 21.93 | |
| MAexp50: | 22.46 | |
| MAexp100: | 23.02 | |
| Price / MA7: | -4.62% | |
| Price / MA20: | -9.23% | |
| Price / MA50: | -14.17% | |
| Price / MA100: | -18.75% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -2.19% | |
| Price / MAexp50: | -4.50% | |
| Price / MAexp100: | -6.82% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on GFT TECHNOLOGIES SE. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: GFT grows in first half of 2024 despite challenging markets
- EQS-News: ISG Provider Lens™ again upgrades GFT’s ranking for AI in Google Cloud
- EQS-News: GFT EnterpriseGPT: secure AI platform for financial service providers in just six days
- EQS-News: GFT AI Impact 1.0: Time savings of up to 90 per cent in the software development life cycle
- EQS-News: GFT with a solid start in a challenging environment
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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