KLARSEN - Daily - Technical analysis published on 02/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 2.50 EUR
My targets
2.33 EUR (-1.56%)
2.07 EUR (-12.66%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on KLARSEN as long as the price remains well below 2.50 EUR. The sellers' bearish objective is set at 2.33 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.07 EUR. In case of crossing, the next objective would be the support located at 1.78 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
6.1
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KLARSEN rating is 2.37 EUR. On the day, this instrument lost -0.42% and was traded between 2.37 EUR and 2.38 EUR over the period. The price is currently at 0% from its lowest and -0.42% from its highest.2.37
2.38
2.37
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 Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by KLARSEN:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
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 Daily chart of KLARSEN indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
![Central Candlesticks Central Candlesticks](/medias/screeners/logo/CentralCandlesticks.png)
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.78 | 2.07 | 2.34 | 2.37 | 2.50 | 2.88 | 3.38 |
Change (%) | -24.89% | -12.66% | -1.27% | - | +5.49% | +21.52% | +42.62% |
Change | -0.59 | -0.30 | -0.03 | - | +0.13 | +0.51 | +1.01 |
Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 2.26 | 2.31 | 2.35 | 2.40 | 2.44 | 2.49 | 2.53 |
Camarilla | 2.36 | 2.36 | 2.37 | 2.38 | 2.39 | 2.40 | 2.41 |
Woodie | 2.25 | 2.31 | 2.34 | 2.40 | 2.43 | 2.49 | 2.52 |
Fibonacci | 2.31 | 2.35 | 2.37 | 2.40 | 2.44 | 2.46 | 2.49 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.04 | 2.21 | 2.29 | 2.46 | 2.54 | 2.71 | 2.79 |
Camarilla | 2.31 | 2.33 | 2.36 | 2.38 | 2.40 | 2.43 | 2.45 |
Woodie | 2.01 | 2.19 | 2.26 | 2.44 | 2.51 | 2.69 | 2.76 |
Fibonacci | 2.21 | 2.30 | 2.36 | 2.46 | 2.55 | 2.61 | 2.71 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.39 | 1.97 | 2.33 | 2.91 | 3.27 | 3.85 | 4.21 |
Camarilla | 2.44 | 2.53 | 2.61 | 2.70 | 2.79 | 2.87 | 2.96 |
Woodie | 1.29 | 1.92 | 2.23 | 2.86 | 3.17 | 3.80 | 4.11 |
Fibonacci | 1.97 | 2.33 | 2.55 | 2.91 | 3.27 | 3.49 | 3.85 |
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): | 37.80 | |
MACD (12,26,9): | -0.1200 | |
Directional Movement: | -10.25 | |
AROON (14): | -57.14 | |
DEMA (21): | 2.45 | |
Parabolic SAR (0,02-0,02-0,2): | 2.30 | |
Elder Ray (13): | -0.15 | |
Super Trend (3,10): | 2.84 | |
Zig ZAG (10): | 2.37 | |
VORTEX (21): | 0.7900 | |
Stochastique (14,3,5): | 25.60 | |
TEMA (21): | 2.35 | |
Williams %R (14): | -81.82 | |
Chande Momentum Oscillator (20): | -0.34 | |
Repulse (5,40,3): | -2.1100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.5400 | |
Courbe Coppock: | 21.52 |
MA7: | 2.46 | |
MA20: | 2.60 | |
MA50: | 2.76 | |
MA100: | 2.80 | |
MAexp7: | 2.46 | |
MAexp20: | 2.59 | |
MAexp50: | 2.71 | |
MAexp100: | 2.80 | |
Price / MA7: | -3.66% | |
Price / MA20: | -8.85% | |
Price / MA50: | -14.13% | |
Price / MA100: | -15.36% | |
Price / MAexp7: | -3.66% | |
Price / MAexp20: | -8.49% | |
Price / MAexp50: | -12.55% | |
Price / MAexp100: | -15.36% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on KLARSEN. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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