EVOLVA N - Daily - Technical analysis published on 08/22/2023 (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%
28%
28%
My opinion
Bearish under 4.4300 CHF
My targets
3.6000 CHF (-9.32%)
3.0700 CHF (-22.67%)
My analysis
The bearish trend is currently very strong for EVOLVA N. As long as the price remains below the resistance at 4.4300 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.6000 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.0700 CHF as an objective. Crossing it would then enable sellers to target 2.2400 CHF. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EVOLVA N rating is 3.9700 CHF. The price registered an increase of +7.59% on the session with the lowest point at 3.6300 CHF and the highest point at 3.9900 CHF. The deviation from the price is +9.37% for the low point and -0.50% for the high point.3.6300
3.9900
3.9700
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
Here is a more detailed summary of the historical variations registered by EVOLVA N:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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
Abnormal volumes on EVOLVA N were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of EVOLVA N 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
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:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
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
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.9700 | 4.4900 | 13.5000 | 18.8500 |
| Change (%) | - | +13.10% | +240.05% | +374.81% |
| Change | - | +0.5200 | +9.5300 | +14.8800 |
| Level | - | Minor | Minor | Intermediate |
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 | 3.2767 | 3.4833 | 3.5867 | 3.7933 | 3.8967 | 4.1033 | 4.2067 |
| Camarilla | 3.6048 | 3.6332 | 3.6616 | 3.6900 | 3.7184 | 3.7468 | 3.7753 |
| Woodie | 3.2250 | 3.4575 | 3.5350 | 3.7675 | 3.8450 | 4.0775 | 4.1550 |
| Fibonacci | 3.4833 | 3.6018 | 3.6749 | 3.7933 | 3.9118 | 3.9849 | 4.1033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3500 | 3.5400 | 3.7700 | 3.9600 | 4.1900 | 4.3800 | 4.6100 |
| Camarilla | 3.8845 | 3.9230 | 3.9615 | 4.0000 | 4.0385 | 4.0770 | 4.1155 |
| Woodie | 3.3700 | 3.5500 | 3.7900 | 3.9700 | 4.2100 | 4.3900 | 4.6300 |
| Fibonacci | 3.5400 | 3.7004 | 3.7996 | 3.9600 | 4.1204 | 4.2196 | 4.3800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.2400 | 3.0700 | 3.6000 | 4.4300 | 4.9600 | 5.7900 | 6.3200 |
| Camarilla | 3.7560 | 3.8807 | 4.0053 | 4.1300 | 4.2547 | 4.3793 | 4.5040 |
| Woodie | 2.0900 | 2.9950 | 3.4500 | 4.3550 | 4.8100 | 5.7150 | 6.1700 |
| Fibonacci | 3.0700 | 3.5895 | 3.9105 | 4.4300 | 4.9495 | 5.2705 | 5.7900 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.60 | |
| MACD (12,26,9): | -0.3728 | |
| Directional Movement: | -12.6487 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 3.5608 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.1098 | |
| Elder Ray (13): | -0.1851 | |
| Super Trend (3,10): | 4.7087 | |
| Zig ZAG (10): | 3.9700 | |
| VORTEX (21): | 0.8380 | |
| Stochastique (14,3,5): | 30.73 | |
| TEMA (21): | 4.0346 | |
| Williams %R (14): | -40.35 | |
| Chande Momentum Oscillator (20): | 0.0400 | |
| Repulse (5,40,3): | 2.7120 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.4637 | |
| Courbe Coppock: | 14.59 |
| MA7: | 3.9343 | |
| MA20: | 4.0765 | |
| MA50: | 4.6936 | |
| MA100: | 10.2186 | |
| MAexp7: | 3.9219 | |
| MAexp20: | 4.1418 | |
| MAexp50: | 5.8211 | |
| MAexp100: | 9.2352 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | -2.61% | |
| Price / MA50: | -15.42% | |
| Price / MA100: | -61.15% | |
| Price / MAexp7: | +1.23% | |
| Price / MAexp20: | -4.15% | |
| Price / MAexp50: | -31.80% | |
| Price / MAexp100: | -57.01% |
Quotes :
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15 min delayed data
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Switzerland SWX Stocks
News
Don't forget to follow the news on EVOLVA N. At the time of publication of this analysis, the latest news was as follows:
- Evolva signs multi-year agreement with leading CMO partner to enable supply of Vanillin to global F&F customer of around CHF 35 million until 2026
- Evolva publishes timeline of the Reverse Stock Split
- Evolva shareholders approve all motions proposed by the Board at today’s Annual General Meeting
- Evolva goes Responsible Care at in-cosmetics 2023
- Evolva publishes agenda for 2023 Annual General Meeting
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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