Londinia Opportunities Analyses - 11/01/2024 (GMT) GENOWAY - Daily

GENOWAY
- EUR (-)
- 15 min delayed data - Euronext Paris
Type: Stocks
Ticker: ALGEN
ISIN: FR0004053510

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Europe Stocks
  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 3.59 EUR
My targets
3.27 EUR (-4.94%)
3.03 EUR (-11.92%)
My analysis
GENOWAY 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 3.59 EUR. The next support located at 3.27 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 3.03 EUR. Below this support, sellers could then target 2.85 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, 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
0
10
8.6

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.

Additional analysis

Quotes

GENOWAY rating 3.44 EUR. The price is lower by -1.15% since the last closing and was traded between 3.34 EUR and 3.47 EUR over the period. The price is currently at +2.99% from its lowest and -0.86% from its highest.

3.34
3.47
3.44

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GENOWAY:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


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 Journalier chart of GENOWAY indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.85 3.03 3.27 3.44 3.59 3.84 4.11
Change (%) -17.15% -11.92% -4.94% - +4.36% +11.63% +19.48%
Change -0.59 -0.41 -0.17 - +0.15 +0.40 +0.67
Level Intermediate Intermediate Minor - Major Major 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
Standard3.203.293.393.483.583.673.77
Camarilla3.433.453.463.483.503.523.53
Woodie3.203.293.393.483.583.673.77
Fibonacci3.293.373.413.483.563.603.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.243.393.493.643.743.893.99
Camarilla3.533.553.583.603.623.653.67
Woodie3.233.383.483.633.733.883.98
Fibonacci3.393.483.543.643.733.793.89


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.582.933.203.553.824.174.44
Camarilla3.313.373.423.483.543.593.65
Woodie2.552.913.173.533.794.154.41
Fibonacci2.933.163.313.553.783.934.17

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 30.86
MACD (12,26,9): -0.0800
Directional Movement: -23.40
AROON (14): -78.57
DEMA (21): 3.52
Parabolic SAR (0,02-0,02-0,2): 3.61
Elder Ray (13): -0.18
Super Trend (3,10): 3.82
Zig ZAG (10): 3.39
VORTEX (21): 0.7900
Stochastique (14,3,5): 35.52
TEMA (21): 3.49
Williams %R (14): -80.33
Chande Momentum Oscillator (20): -0.35
Repulse (5,40,3): -0.4600
ROCnROLL: 2
TRIX (15,9): -0.2300
Courbe Coppock: 10.67
MA7: 3.53
MA20: 3.65
MA50: 3.76
MA100: 3.92
MAexp7: 3.52
MAexp20: 3.63
MAexp50: 3.75
MAexp100: 3.87
Price / MA7: -2.55%
Price / MA20: -5.75%
Price / MA50: -8.51%
Price / MA100: -12.24%
Price / MAexp7: -2.27%
Price / MAexp20: -5.23%
Price / MAexp50: -8.27%
Price / MAexp100: -11.11%

Quotes : - 15 min delayed data - Euronext Paris