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

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	ALGEN
ISIN:	FR0004053510

Londinia

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

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

8.6

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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.

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:

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:

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:

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:

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	3.20	3.29	3.39	3.48	3.58	3.67	3.77
Camarilla	3.43	3.45	3.46	3.48	3.50	3.52	3.53
Woodie	3.20	3.29	3.39	3.48	3.58	3.67	3.77
Fibonacci	3.29	3.37	3.41	3.48	3.56	3.60	3.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.24	3.39	3.49	3.64	3.74	3.89	3.99
Camarilla	3.53	3.55	3.58	3.60	3.62	3.65	3.67
Woodie	3.23	3.38	3.48	3.63	3.73	3.88	3.98
Fibonacci	3.39	3.48	3.54	3.64	3.73	3.79	3.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.58	2.93	3.20	3.55	3.82	4.17	4.44
Camarilla	3.31	3.37	3.42	3.48	3.54	3.59	3.65
Woodie	2.55	2.91	3.17	3.53	3.79	4.15	4.41
Fibonacci	2.93	3.16	3.31	3.55	3.78	3.93	4.17

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

News

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