Londinia Opportunities Analyses - 11/18/2024 (GMT) CORBION - 1H

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Type:	Stocks
Ticker:	CRBN
ISIN:	NL0010583399

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

83%

My opinion

Bearish under 22.23 EUR

My targets

21.42 EUR (-2.01%)

20.41 EUR (-6.63%)

My analysis

CORBION 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 22.23 EUR. The next support located at 21.42 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 20.41 EUR. Below this support, sellers could then target 18.63 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

8.4

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

The CORBION price is 21.86 EUR. The price has increased by +0.09% since the last closing and was between 21.70 EUR and 22.02 EUR. This implies that the price is at +0.74% from its lowest and at -0.73% from its highest.

21.70

22.02

21.86

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

Here is a more detailed summary of the historical variations registered by CORBION:

The Central Records scanner for higher/lower results shows an item:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CORBION in 1H shows a overall strongly bearish trend. 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. 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, 15 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.63	20.41	21.42	21.86	22.23	22.74	23.47
Change (%)	-14.78%	-6.63%	-2.01%	-	+1.69%	+4.03%	+7.37%
Change	-3.23	-1.45	-0.44	-	+0.37	+0.88	+1.61
Level	Major	Major	Major	-	Intermediate	Minor	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	21.12	21.48	21.66	22.02	22.20	22.56	22.74
Camarilla	21.69	21.74	21.79	21.84	21.89	21.94	21.99
Woodie	21.03	21.44	21.57	21.98	22.11	22.52	22.65
Fibonacci	21.48	21.69	21.81	22.02	22.23	22.35	22.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.40	21.08	21.46	22.14	22.52	23.20	23.58
Camarilla	21.55	21.65	21.74	21.84	21.94	22.03	22.13
Woodie	20.25	21.01	21.31	22.07	22.37	23.13	23.43
Fibonacci	21.08	21.49	21.74	22.14	22.55	22.80	23.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.31	20.03	21.53	24.25	25.75	28.47	29.97
Camarilla	21.86	22.25	22.63	23.02	23.41	23.79	24.18
Woodie	16.69	19.73	20.91	23.95	25.13	28.17	29.35
Fibonacci	20.03	21.65	22.64	24.25	25.87	26.86	28.47

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):	34.50
MACD (12,26,9):	-0.1100
Directional Movement:	-25.82
AROON (14):	-100.00
DEMA (21):	21.99
Parabolic SAR (0,02-0,02-0,2):	22.35
Elder Ray (13):	-0.25
Super Trend (3,10):	22.30
Zig ZAG (10):	21.86
VORTEX (21):	0.9300
Stochastique (14,3,5):	7.84
TEMA (21):	21.95
Williams %R (14):	-76.47
Chande Momentum Oscillator (20):	-0.38
Repulse (5,40,3):	-0.7800
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	1.92

MA7:	22.21
MA20:	23.23
MA50:	24.01
MA100:	22.45
MAexp7:	21.94
MAexp20:	22.12
MAexp50:	22.33
MAexp100:	22.70
Price / MA7:	-1.58%
Price / MA20:	-5.90%
Price / MA50:	-8.95%
Price / MA100:	-2.63%
Price / MAexp7:	-0.36%
Price / MAexp20:	-1.18%
Price / MAexp50:	-2.10%
Price / MAexp100:	-3.70%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

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