Londinia Opportunities Analyses - 05/14/2024 (GMT) GALENICA N - 1H

- CHF (-)

- 15 min delayed data - Switzerland SWX Stocks

Type:	Stocks
Ticker:	GALE
ISIN:	CH0360674466

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 71.02 CHF

My targets

72.80 CHF (+1.82%)

75.25 CHF (+5.24%)

My analysis

The bullish trend is currently very strong on GALENICA N. As long as the price remains above the support at 71.02 CHF, you could try to benefit from the boom. The first bullish objective is located at 72.80 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 75.25 CHF as an objective. Crossing it would then enable buyers to target 76.80 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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Additional analysis

Quotes

The GALENICA N price is 71.50 CHF. On the day, this instrument gained +0.85% and was traded between 70.75 CHF and 71.95 CHF over the period. The price is currently at +1.06% from its lowest and -0.63% from its highest.

70.75

71.95

71.50

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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 this 1H chart of GALENICA N indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	70.65	71.02	71.37	71.50	71.70	72.80	73.15
Change (%)	-1.19%	-0.67%	-0.18%	-	+0.28%	+1.82%	+2.31%
Change	-0.85	-0.48	-0.13	-	+0.20	+1.30	+1.65
Level	Minor	Intermediate	Major	-	Intermediate	Major	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	69.32	69.93	70.42	71.03	71.52	72.13	72.62
Camarilla	70.60	70.70	70.80	70.90	71.00	71.10	71.20
Woodie	69.25	69.90	70.35	71.00	71.45	72.10	72.55
Fibonacci	69.93	70.35	70.61	71.03	71.45	71.71	72.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.02	69.58	70.57	71.13	72.12	72.68	73.67
Camarilla	71.12	71.27	71.41	71.55	71.69	71.83	71.98
Woodie	69.23	69.69	70.78	71.24	72.33	72.79	73.88
Fibonacci	69.58	70.18	70.54	71.13	71.73	72.09	72.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.60	65.45	67.85	71.70	74.10	77.95	80.35
Camarilla	68.53	69.10	69.68	70.25	70.82	71.40	71.97
Woodie	60.88	65.09	67.13	71.34	73.38	77.59	79.63
Fibonacci	65.45	67.84	69.31	71.70	74.09	75.56	77.95

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):	62.30
MACD (12,26,9):	0.1200
Directional Movement:	12.21
AROON (14):	50.00
DEMA (21):	71.37
Parabolic SAR (0,02-0,02-0,2):	70.63
Elder Ray (13):	0.32
Super Trend (3,10):	70.99
Zig ZAG (10):	71.70
VORTEX (21):	0.9200
Stochastique (14,3,5):	92.86
TEMA (21):	71.41
Williams %R (14):	-17.86
Chande Momentum Oscillator (20):	1.00
Repulse (5,40,3):	0.9000
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.45

MA7:	71.11
MA20:	70.63
MA50:	72.71
MA100:	73.88
MAexp7:	71.45
MAexp20:	71.24
MAexp50:	71.07
MAexp100:	70.96
Price / MA7:	+0.55%
Price / MA20:	+1.23%
Price / MA50:	-1.66%
Price / MA100:	-3.22%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.36%
Price / MAexp50:	+0.61%
Price / MAexp100:	+0.76%

Quotes : - 15 min delayed data - Actions Suisse SWX

News

The last news published on GALENICA N at the time of the generation of this analysis was as follows: