NETWEEK

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NTW
ISIN:	IT0005545675

NETWEEK - Daily - Technical analysis published on 10/02/2024 (GMT)

Londinia

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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

17%

44%

39%

My opinion

Bearish under 0.0229 EUR

My targets

0.0197 EUR (-9.77%)

0.0185 EUR (-15.00%)

My analysis

The bearish trend is currently very strong for NETWEEK. As long as the price remains below the resistance at 0.0229 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.0197 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.0185 EUR as an objective. Crossing it would then enable sellers to target 0.0147 EUR. 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.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

Comment on the analysis

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.

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Additional analysis

Quotes

NETWEEK rating 0.0218 EUR. On the day, this instrument gained +3.81% and was traded between 0.0218 EUR and 0.0218 EUR over the period. The price is currently at 0% from its lowest and 0% from its highest.

0.0218

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this NETWEEK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bearish doji star

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.0218	0.0325	0.0574	0.0810
Change (%)	-	+49.08%	+163.30%	+271.56%
Change	-	+0.0107	+0.0356	+0.0592
Level	-	Minor	Intermediate	Minor

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	0.0197	0.0199	0.0205	0.0207	0.0213	0.0215	0.0221
Camarilla	0.0208	0.0209	0.0209	0.0210	0.0211	0.0212	0.0212
Woodie	0.0198	0.0200	0.0206	0.0208	0.0214	0.0216	0.0222
Fibonacci	0.0199	0.0202	0.0204	0.0207	0.0210	0.0212	0.0215

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.0163	0.0183	0.0197	0.0217	0.0231	0.0251	0.0265
Camarilla	0.0201	0.0204	0.0207	0.0210	0.0213	0.0216	0.0219
Woodie	0.0159	0.0182	0.0193	0.0216	0.0227	0.0250	0.0261
Fibonacci	0.0183	0.0196	0.0204	0.0217	0.0230	0.0238	0.0251

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.0103	0.0147	0.0185	0.0229	0.0267	0.0311	0.0349
Camarilla	0.0202	0.0209	0.0217	0.0224	0.0232	0.0239	0.0247
Woodie	0.0101	0.0146	0.0183	0.0228	0.0265	0.0310	0.0347
Fibonacci	0.0147	0.0178	0.0197	0.0229	0.0260	0.0279	0.0311

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):	36.23
MACD (12,26,9):	-0.0021
Directional Movement:	-12.9221
AROON (14):	-85.7142
DEMA (21):	0.0206
Parabolic SAR (0,02-0,02-0,2):	0.0224
Elder Ray (13):	-0.0019
Super Trend (3,10):	0.0256
Zig ZAG (10):	0.0210
VORTEX (21):	0.7194
Stochastique (14,3,5):	34.74
TEMA (21):	0.0207
Williams %R (14):	-65.52
Chande Momentum Oscillator (20):	-0.0030
Repulse (5,40,3):	18.2043
ROCnROLL:	2
TRIX (15,9):	-1.2047
Courbe Coppock:	25.53

MA7:	0.0219
MA20:	0.0232
MA50:	0.0282
MA100:	0.0374
MAexp7:	0.0218
MAexp20:	0.0236
MAexp50:	0.0285
MAexp100:	0.0411
Price / MA7:	-0.46%
Price / MA20:	-6.03%
Price / MA50:	-22.70%
Price / MA100:	-41.71%
Price / MAexp7:	-0%
Price / MAexp20:	-7.63%
Price / MAexp50:	-23.51%
Price / MAexp100:	-46.96%

Quotes : - 15 min delayed data - Italy Stocks

News

Don't forget to follow the news on NETWEEK. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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