NEXANS

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NEX
ISIN:	FR0000044448

NEXANS - Daily - Technical analysis published on 01/06/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 87.65 EUR

My targets

83.70 EUR (-2.73%)

79.04 EUR (-8.15%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 87.65 EUR remains possible. It is advisable to trade NEXANS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 87.65 EUR. The next bearish objective for sellers is set at 83.70 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 79.04 EUR. In case of crossing, the next objective would be the support located at 75.54 EUR. PS: if there is a bullish break in the resistance located at 87.65 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.6

Comment on the analysis

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.

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Additional analysis

Quotes

NEXANS rating 86.05 EUR. The price has increased by +4.18% since the last closing and was traded between 82.60 EUR and 86.80 EUR over the period. The price is currently at +4.18% from its lowest and -0.86% from its highest.

82.60

86.80

86.05

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NEXANS in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

White morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	75.54	79.04	83.70	86.05	87.65	91.30	95.15
Change (%)	-12.21%	-8.15%	-2.73%	-	+1.86%	+6.10%	+10.58%
Change	-10.51	-7.01	-2.35	-	+1.60	+5.25	+9.10
Level	Intermediate	Minor	Major	-	Minor	Intermediate	Intermediate

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	79.47	80.33	81.47	82.33	83.47	84.33	85.47
Camarilla	82.05	82.23	82.42	82.60	82.78	82.97	83.15
Woodie	79.60	80.40	81.60	82.40	83.60	84.40	85.60
Fibonacci	80.33	81.10	81.57	82.33	83.10	83.57	84.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80.88	82.52	83.48	85.12	86.08	87.72	88.68
Camarilla	83.74	83.97	84.21	84.45	84.69	84.93	85.17
Woodie	80.55	82.35	83.15	84.95	85.75	87.55	88.35
Fibonacci	82.52	83.51	84.12	85.12	86.11	86.72	87.72

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.52	78.88	81.67	85.03	87.82	91.18	93.97
Camarilla	82.76	83.32	83.89	84.45	85.01	85.58	86.14
Woodie	75.23	78.74	81.38	84.89	87.53	91.04	93.68
Fibonacci	78.88	81.23	82.68	85.03	87.38	88.83	91.18

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):	50.38
MACD (12,26,9):	-0.8600
Directional Movement:	-2.42
AROON (14):	-71.43
DEMA (21):	84.27
Parabolic SAR (0,02-0,02-0,2):	81.20
Elder Ray (13):	-0.38
Super Trend (3,10):	88.24
Zig ZAG (10):	86.10
VORTEX (21):	0.9700
Stochastique (14,3,5):	31.58
TEMA (21):	84.51
Williams %R (14):	-26.32
Chande Momentum Oscillator (20):	-0.15
Repulse (5,40,3):	2.7900
ROCnROLL:	-1
TRIX (15,9):	-0.1400
Courbe Coppock:	2.79

MA7:	84.70
MA20:	85.52
MA50:	87.34
MA100:	90.90
MAexp7:	84.72
MAexp20:	85.48
MAexp50:	87.36
MAexp100:	88.47
Price / MA7:	+1.59%
Price / MA20:	+0.62%
Price / MA50:	-1.48%
Price / MA100:	-5.34%
Price / MAexp7:	+1.57%
Price / MAexp20:	+0.67%
Price / MAexp50:	-1.50%
Price / MAexp100:	-2.74%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on NEXANS. 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.

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