EUROFINS SCIENT. - 1H - Technical analysis published on 01/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 58.17 EUR
My targets
55.98 EUR (-1.69%)
54.93 EUR (-3.53%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUROFINS SCIENT. as long as the price remains well below 58.17 EUR. The sellers' bearish objective is set at 55.98 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 54.93 EUR. In case of crossing, the next objective would be the support located at 54.16 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by ppires. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUROFINS SCIENT. price is 56.94 EUR. The price registered a decrease of -0.91% on the session with the lowest point at 56.52 EUR and the highest point at 57.62 EUR. The deviation from the price is +0.74% for the low point and -1.18% for the high point.56.52
57.62
56.94
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUROFINS SCIENT. indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% 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.
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 54.93 | 55.98 | 56.84 | 56.94 | 58.17 | 59.21 | 63.88 |
| Change (%) | -3.53% | -1.69% | -0.18% | - | +2.16% | +3.99% | +12.19% |
| Change | -2.01 | -0.96 | -0.10 | - | +1.23 | +2.27 | +6.94 |
| Level | Minor | Minor | Intermediate | - | Minor | 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 | 56.07 | 56.47 | 56.97 | 57.37 | 57.87 | 58.27 | 58.77 |
| Camarilla | 57.21 | 57.30 | 57.38 | 57.46 | 57.54 | 57.63 | 57.71 |
| Woodie | 56.11 | 56.50 | 57.01 | 57.40 | 57.91 | 58.30 | 58.81 |
| Fibonacci | 56.47 | 56.82 | 57.03 | 57.37 | 57.72 | 57.93 | 58.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.95 | 54.91 | 56.19 | 58.15 | 59.43 | 61.39 | 62.67 |
| Camarilla | 56.57 | 56.87 | 57.16 | 57.46 | 57.76 | 58.05 | 58.35 |
| Woodie | 52.60 | 54.74 | 55.84 | 57.98 | 59.08 | 61.22 | 62.32 |
| Fibonacci | 54.91 | 56.15 | 56.92 | 58.15 | 59.39 | 60.16 | 61.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.54 | 50.10 | 54.54 | 57.10 | 61.54 | 64.10 | 68.54 |
| Camarilla | 57.06 | 57.70 | 58.34 | 58.98 | 59.62 | 60.26 | 60.91 |
| Woodie | 48.48 | 50.57 | 55.48 | 57.57 | 62.48 | 64.57 | 69.48 |
| Fibonacci | 50.10 | 52.77 | 54.43 | 57.10 | 59.77 | 61.43 | 64.10 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.67 | |
| MACD (12,26,9): | -0.3400 | |
| Directional Movement: | -28.55 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 57.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 57.60 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 58.01 | |
| Zig ZAG (10): | 56.94 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 32.41 | |
| TEMA (21): | 56.94 | |
| Williams %R (14): | -70.83 | |
| Chande Momentum Oscillator (20): | -0.48 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 1.83 |
| MA7: | 58.27 | |
| MA20: | 57.47 | |
| MA50: | 53.78 | |
| MA100: | 53.55 | |
| MAexp7: | 57.12 | |
| MAexp20: | 57.47 | |
| MAexp50: | 57.99 | |
| MAexp100: | 57.96 | |
| Price / MA7: | -2.28% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | +5.88% | |
| Price / MA100: | +6.33% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | -0.92% | |
| Price / MAexp50: | -1.81% | |
| Price / MAexp100: | -1.76% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on EUROFINS SCIENT. at the time of the analysis were as follows:
- Eurofins Scientific SE: Disclosure of Total Number of Voting Rights and Number of Shares in the Capital at 31 August 2023
- Eurofins: Purchases of Own Shares From August, 07th to August, the 08th 2023
- Eurofins: Purchases of Own Shares From July, the 31St to August, the 4Th 2023
- Eurofins Scientific SE: Disclosure of Total Number of Voting Rights and Number of Shares in the Capital at 31 July 2023
- Eurofins: Purchases of Own Shares From July, the 24th to July, the 28th 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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