ADDEX N - Daily - Technical analysis published on 04/28/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.1383 CHF
My targets
0.1242 CHF (-5.57%)
0.1065 CHF (-19.01%)
My analysis
The bearish basic trend is very strong on ADDEX N but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.1383 CHF. Crossing the first support at 0.1242 CHF would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.1065 CHF as an objective. Caution, a return to above the resistance located at 0.1383 CHF would be a sign of a possible consolidation phase of the short-term basic trend. 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 neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ADDEX N rating 0.1315 CHF. The price registered an increase of +16.37% on the session and was traded between 0.1200 CHF and 0.1315 CHF over the period. The price is currently at +9.58% from its lowest and 0% from its highest.0.1200
0.1315
0.1315
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this ADDEX N chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 0.1065 | 0.1315 | 0.1506 | 0.1889 | 0.2400 |
Change (%) | -19.01% | - | +14.52% | +43.65% | +82.51% |
Change | -0.0250 | - | +0.0191 | +0.0574 | +0.1085 |
Level | Major | - | Intermediate | Minor | 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 | 0.1048 | 0.1077 | 0.1103 | 0.1132 | 0.1158 | 0.1187 | 0.1213 |
Camarilla | 0.1115 | 0.1120 | 0.1125 | 0.1130 | 0.1135 | 0.1140 | 0.1145 |
Woodie | 0.1048 | 0.1076 | 0.1103 | 0.1131 | 0.1158 | 0.1186 | 0.1213 |
Fibonacci | 0.1077 | 0.1098 | 0.1111 | 0.1132 | 0.1153 | 0.1166 | 0.1187 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.0683 | 0.0892 | 0.1033 | 0.1242 | 0.1383 | 0.1592 | 0.1733 |
Camarilla | 0.1079 | 0.1111 | 0.1143 | 0.1175 | 0.1207 | 0.1239 | 0.1271 |
Woodie | 0.0650 | 0.0875 | 0.1000 | 0.1225 | 0.1350 | 0.1575 | 0.1700 |
Fibonacci | 0.0892 | 0.1025 | 0.1108 | 0.1242 | 0.1375 | 0.1458 | 0.1592 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.0937 | 0.0307 | 0.1053 | 0.2297 | 0.3043 | 0.4287 | 0.5033 |
Camarilla | 0.1253 | 0.1435 | 0.1618 | 0.1800 | 0.1982 | 0.2165 | 0.2347 |
Woodie | -0.1185 | 0.0183 | 0.0805 | 0.2173 | 0.2795 | 0.4163 | 0.4785 |
Fibonacci | 0.0307 | 0.1067 | 0.1537 | 0.2297 | 0.3057 | 0.3527 | 0.4287 |
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): | 38.42 | |
MACD (12,26,9): | -0.0210 | |
Directional Movement: | 1.4149 | |
AROON (14): | -50.0000 | |
DEMA (21): | 0.1063 | |
Parabolic SAR (0,02-0,02-0,2): | 0.1352 | |
Elder Ray (13): | -0.0004 | |
Super Trend (3,10): | 0.1624 | |
Zig ZAG (10): | 0.1230 | |
VORTEX (21): | 0.8294 | |
Stochastique (14,3,5): | 17.06 | |
TEMA (21): | 0.1030 | |
Williams %R (14): | -62.86 | |
Chande Momentum Oscillator (20): | -0.0055 | |
Repulse (5,40,3): | -5.2667 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -2.0760 | |
Courbe Coppock: | 37.49 |
MA7: | 0.1185 | |
MA20: | 0.1311 | |
MA50: | 0.2022 | |
MA100: | 0.1767 | |
MAexp7: | 0.1196 | |
MAexp20: | 0.1361 | |
MAexp50: | 0.1669 | |
MAexp100: | 0.1822 | |
Price / MA7: | +10.97% | |
Price / MA20: | +0.31% | |
Price / MA50: | -34.97% | |
Price / MA100: | -25.58% | |
Price / MAexp7: | +9.95% | |
Price / MAexp20: | -3.38% | |
Price / MAexp50: | -21.21% | |
Price / MAexp100: | -27.83% |
Quotes :
-
15 min delayed data
-
Switzerland SWX Stocks
News
The last news published on ADDEX N at the time of the generation of this analysis was as follows:
- Addex Completes $5.0 Million Equity Financing
- Addex Publishes Dipraglurant Data Showing In Vivo Efficacy on Motor and Non-Motor Symptoms of Parkinson’s Disease
- Addex Raises $5.0 Million in Equity Financing
- Addex Reports Full Year 2022 Financial Results and Provides Corporate Update
- Addex Therapeutics to Release Full-Year 2022 Financial Results and Host Conference Call on March 30, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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