RECORDATI ORD - Daily - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 50.93 EUR
My targets
46.00 EUR (-5.58%)
44.14 EUR (-9.40%)
My analysis
RECORDATI ORD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 50.93 EUR. The next support located at 46.00 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 44.14 EUR. Below this support, sellers could then target 42.68 EUR.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
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
RECORDATI ORD rating 48.72 EUR. The price registered a decrease of -1.26% on the session with the lowest point at 48.72 EUR and the highest point at 49.24 EUR. The deviation from the price is 0% for the low point and -1.06% for the high point.48.72
49.24
48.72
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of RECORDATI ORD in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 44.14 | 46.00 | 48.70 | 48.72 | 50.93 | 53.08 | 55.43 |
| Change (%) | -9.40% | -5.58% | -0.04% | - | +4.54% | +8.95% | +13.77% |
| Change | -4.58 | -2.72 | -0.02 | - | +2.21 | +4.36 | +6.71 |
| Level | Minor | Major | Major | - | Intermediate | Major | Major |
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 | 48.38 | 48.62 | 48.98 | 49.22 | 49.58 | 49.82 | 50.18 |
| Camarilla | 49.18 | 49.23 | 49.29 | 49.34 | 49.40 | 49.45 | 49.51 |
| Woodie | 48.44 | 48.65 | 49.04 | 49.25 | 49.64 | 49.85 | 50.24 |
| Fibonacci | 48.62 | 48.85 | 48.99 | 49.22 | 49.45 | 49.59 | 49.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.11 | 47.83 | 48.62 | 49.34 | 50.13 | 50.85 | 51.64 |
| Camarilla | 49.01 | 49.14 | 49.28 | 49.42 | 49.56 | 49.70 | 49.84 |
| Woodie | 47.16 | 47.85 | 48.67 | 49.36 | 50.18 | 50.87 | 51.69 |
| Fibonacci | 47.83 | 48.40 | 48.76 | 49.34 | 49.91 | 50.27 | 50.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.32 | 48.96 | 50.10 | 51.74 | 52.88 | 54.52 | 55.66 |
| Camarilla | 50.48 | 50.73 | 50.99 | 51.24 | 51.50 | 51.75 | 52.01 |
| Woodie | 47.07 | 48.84 | 49.85 | 51.62 | 52.63 | 54.40 | 55.41 |
| Fibonacci | 48.96 | 50.02 | 50.68 | 51.74 | 52.80 | 53.46 | 54.52 |
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): | 38.37 | |
| MACD (12,26,9): | -0.6400 | |
| Directional Movement: | -17.67 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 49.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.63 | |
| Elder Ray (13): | -0.86 | |
| Super Trend (3,10): | 51.64 | |
| Zig ZAG (10): | 48.74 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 21.39 | |
| TEMA (21): | 48.87 | |
| Williams %R (14): | -94.48 | |
| Chande Momentum Oscillator (20): | -2.50 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 8.48 |
| MA7: | 49.45 | |
| MA20: | 50.41 | |
| MA50: | 51.16 | |
| MA100: | 49.65 | |
| MAexp7: | 49.43 | |
| MAexp20: | 50.22 | |
| MAexp50: | 50.51 | |
| MAexp100: | 49.50 | |
| Price / MA7: | -1.48% | |
| Price / MA20: | -3.35% | |
| Price / MA50: | -4.77% | |
| Price / MA100: | -1.87% | |
| Price / MAexp7: | -1.44% | |
| Price / MAexp20: | -2.99% | |
| Price / MAexp50: | -3.54% | |
| Price / MAexp100: | -1.58% |
Quotes :
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15 min delayed data
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Italy Stocks
News
The last news published on RECORDATI ORD at the time of the generation of this analysis was as follows:
- Recordati Rare Diseases Announce Publication of Long-term Outcomes From the Extension to the Phase III LINC 3 Study of Isturisa® (Osilodrostat) in Patients With Cushing’s Disease in the European Journal of Endocrinology
- Recordati Rare Diseases Announce Publication in the Journal of Clinical Endocrinology & Metabolism of the Phase III LINC 4 Study Confirming the Efficacy and Safety of Isturisa® (Osilodrostat) in Patients With Cushing’s Disease
- Recordati Rare Diseases: Positive Results From the Phase III LINC 4 Study Presented Today at the Endocrine Society’s Annual Meeting Reinforce the Efficacy and Safety of Isturisa® (osilodrostat) in Cushing’s Disease
- RECORDATI: MARKET AUTHORIZATION APPLICATION FOR ARS-1 (EPINEPHRINE NASAL SPRAY) ACCEPTED BY EUROPEAN MEDICINES AGENCY
- RECORDATI: MERGER BY ABSORPTION OF FIMEI S.P.A. AND ROSSINI INVESTIMENTI S.P.A. INTO RECORDATI S.P.A. APPROVED
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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