ASCOPIAVE - Daily - Technical analysis published on 01/07/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 4.090 EUR
My targets
3.691 EUR (-3.00%)
3.540 EUR (-6.96%)
My analysis
ASCOPIAVE 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 4.090 EUR. The next support located at 3.691 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 3.540 EUR. Below this support, sellers could then target 3.396 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
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 Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ASCOPIAVE rating 3.805 EUR. The price has increased by +0.00% since the last closing and was between 3.795 EUR and 3.810 EUR. This implies that the price is at +0.26% from its lowest and at -0.13% from its highest.3.795
3.810
3.805
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
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ASCOPIAVE in Daily shows a overall strongly bearish trend. The signals given by moving averages are 82.14% 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, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.396 | 3.540 | 3.691 | 3.805 | 3.828 | 4.090 | 4.250 |
| Change (%) | -10.75% | -6.96% | -3.00% | - | +0.60% | +7.49% | +11.70% |
| Change | -0.409 | -0.265 | -0.114 | - | +0.023 | +0.285 | +0.445 |
| Level | Intermediate | Minor | Major | - | Major | Major | Major |
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 | 3.757 | 3.778 | 3.792 | 3.813 | 3.827 | 3.848 | 3.862 |
| Camarilla | 3.795 | 3.799 | 3.802 | 3.805 | 3.808 | 3.811 | 3.815 |
| Woodie | 3.753 | 3.776 | 3.788 | 3.811 | 3.823 | 3.846 | 3.858 |
| Fibonacci | 3.778 | 3.792 | 3.800 | 3.813 | 3.827 | 3.835 | 3.848 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.740 | 3.770 | 3.800 | 3.830 | 3.860 | 3.890 | 3.920 |
| Camarilla | 3.814 | 3.819 | 3.825 | 3.830 | 3.836 | 3.841 | 3.847 |
| Woodie | 3.740 | 3.770 | 3.800 | 3.830 | 3.860 | 3.890 | 3.920 |
| Fibonacci | 3.770 | 3.793 | 3.807 | 3.830 | 3.853 | 3.867 | 3.890 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.110 | 3.355 | 3.585 | 3.830 | 4.060 | 4.305 | 4.535 |
| Camarilla | 3.684 | 3.728 | 3.772 | 3.815 | 3.859 | 3.902 | 3.946 |
| Woodie | 3.103 | 3.351 | 3.578 | 3.826 | 4.053 | 4.301 | 4.528 |
| Fibonacci | 3.355 | 3.536 | 3.649 | 3.830 | 4.011 | 4.124 | 4.305 |
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): | 46.74 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -10.160 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 3.794 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.615 | |
| Elder Ray (13): | 0.001 | |
| Super Trend (3,10): | 3.960 | |
| Zig ZAG (10): | 3.805 | |
| VORTEX (21): | 0.9030 | |
| Stochastique (14,3,5): | 68.32 | |
| TEMA (21): | 3.781 | |
| Williams %R (14): | -30.51 | |
| Chande Momentum Oscillator (20): | 0.005 | |
| Repulse (5,40,3): | -0.8330 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.67 |
| MA7: | 3.806 | |
| MA20: | 3.816 | |
| MA50: | 3.843 | |
| MA100: | 3.862 | |
| MAexp7: | 3.805 | |
| MAexp20: | 3.820 | |
| MAexp50: | 3.843 | |
| MAexp100: | 3.839 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -0.29% | |
| Price / MA50: | -0.99% | |
| Price / MA100: | -1.48% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.99% | |
| Price / MAexp100: | -0.89% |
AscopiaveThis member declared not having a position on this financial instrument or a related financial instrument.
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