FINECOBANK - Daily - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 9.626 EUR
My targets
9.308 EUR (-0.56%)
8.551 EUR (-8.64%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on FINECOBANK as long as the price remains well below 9.626 EUR. The next bearish objective for sellers is set at 9.308 EUR. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 8.551 EUR. If there is any crossing, the next objective would be the support located at 6.865 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.3
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 FINECOBANK rating is 9.360 EUR. On the day, this instrument lost -1.10% and was traded between 9.116 EUR and 9.420 EUR over the period. The price is currently at +2.68% from its lowest and -0.64% from its highest.9.116
9.420
9.360
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FINECOBANK chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Momentum indicator is back under 0
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:
Horizontal resistance is broken
Type : Bullish
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 | 6.865 | 8.551 | 9.308 | 9.360 | 9.626 | 9.990 | 10.705 |
| Change (%) | -26.66% | -8.64% | -0.56% | - | +2.84% | +6.73% | +14.37% |
| Change | -2.495 | -0.809 | -0.052 | - | +0.266 | +0.630 | +1.345 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Intermediate |
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 | 9.215 | 9.413 | 9.523 | 9.721 | 9.831 | 10.029 | 10.139 |
| Camarilla | 9.547 | 9.576 | 9.604 | 9.632 | 9.660 | 9.689 | 9.717 |
| Woodie | 9.170 | 9.391 | 9.478 | 9.699 | 9.786 | 10.007 | 10.094 |
| Fibonacci | 9.413 | 9.531 | 9.604 | 9.721 | 9.839 | 9.912 | 10.029 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.644 | 8.922 | 9.386 | 9.664 | 10.128 | 10.406 | 10.870 |
| Camarilla | 9.646 | 9.714 | 9.782 | 9.850 | 9.918 | 9.986 | 10.054 |
| Woodie | 8.737 | 8.969 | 9.479 | 9.711 | 10.221 | 10.453 | 10.963 |
| Fibonacci | 8.922 | 9.205 | 9.381 | 9.664 | 9.947 | 10.123 | 10.406 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.419 | 7.919 | 8.649 | 9.149 | 9.879 | 10.379 | 11.109 |
| Camarilla | 9.040 | 9.153 | 9.265 | 9.378 | 9.491 | 9.604 | 9.716 |
| Woodie | 7.533 | 7.977 | 8.763 | 9.207 | 9.993 | 10.437 | 11.223 |
| Fibonacci | 7.919 | 8.389 | 8.680 | 9.149 | 9.619 | 9.910 | 10.379 |
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): | 49.43 | |
| MACD (12,26,9): | 0.0820 | |
| Directional Movement: | 4.411 | |
| AROON (14): | -14.286 | |
| DEMA (21): | 9.632 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.243 | |
| Elder Ray (13): | 0.001 | |
| Super Trend (3,10): | 9.039 | |
| Zig ZAG (10): | 9.464 | |
| VORTEX (21): | 1.0450 | |
| Stochastique (14,3,5): | 63.52 | |
| TEMA (21): | 9.711 | |
| Williams %R (14): | -64.42 | |
| Chande Momentum Oscillator (20): | -0.286 | |
| Repulse (5,40,3): | -2.8020 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 2.12 |
| MA7: | 9.603 | |
| MA20: | 9.568 | |
| MA50: | 9.371 | |
| MA100: | 9.546 | |
| MAexp7: | 9.602 | |
| MAexp20: | 9.527 | |
| MAexp50: | 9.504 | |
| MAexp100: | 9.691 | |
| Price / MA7: | -2.53% | |
| Price / MA20: | -2.17% | |
| Price / MA50: | -0.12% | |
| Price / MA100: | -1.95% | |
| Price / MAexp7: | -2.52% | |
| Price / MAexp20: | -1.75% | |
| Price / MAexp50: | -1.52% | |
| Price / MAexp100: | -3.42% |
News
The last news published on FINECOBANK at the time of the generation of this analysis was as follows:
FinecoBankThis member declared not having a position on this financial instrument or a related financial instrument.
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