FAES - Daily - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 4.475 EUR
My targets
4.969 EUR (+1.51%)
5.160 EUR (+5.41%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on FAES. As long as you are above the support located at 4.475 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.969 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.160 EUR as an objective. Crossing it would then enable buyers to target 7.549 EUR. If the support 4.475 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FAES rating is 4.895 EUR. The price registered a decrease of -1.90% on the session and was between 4.870 EUR and 5.010 EUR. This implies that the price is at +0.51% from its lowest and at -2.30% from its highest.4.870
5.010
4.895
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FAES chart shows a bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.585 | 3.790 | 4.475 | 4.895 | 4.969 | 5.160 | 7.549 |
| Change (%) | -26.76% | -22.57% | -8.58% | - | +1.51% | +5.41% | +54.22% |
| Change | -1.310 | -1.105 | -0.420 | - | +0.074 | +0.265 | +2.654 |
| Level | Minor | Major | Intermediate | - | Major | Major | 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 | 4.812 | 4.863 | 4.927 | 4.978 | 5.042 | 5.093 | 5.157 |
| Camarilla | 4.958 | 4.969 | 4.980 | 4.990 | 5.001 | 5.011 | 5.022 |
| Woodie | 4.818 | 4.866 | 4.933 | 4.981 | 5.048 | 5.096 | 5.163 |
| Fibonacci | 4.863 | 4.907 | 4.934 | 4.978 | 5.022 | 5.049 | 5.093 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.708 | 4.837 | 4.943 | 5.072 | 5.178 | 5.307 | 5.413 |
| Camarilla | 4.985 | 5.007 | 5.029 | 5.050 | 5.072 | 5.093 | 5.115 |
| Woodie | 4.698 | 4.831 | 4.933 | 5.066 | 5.168 | 5.301 | 5.403 |
| Fibonacci | 4.837 | 4.926 | 4.982 | 5.072 | 5.161 | 5.217 | 5.307 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.957 | 4.203 | 4.677 | 4.923 | 5.397 | 5.643 | 6.117 |
| Camarilla | 4.952 | 5.018 | 5.084 | 5.150 | 5.216 | 5.282 | 5.348 |
| Woodie | 4.070 | 4.260 | 4.790 | 4.980 | 5.510 | 5.700 | 6.230 |
| Fibonacci | 4.203 | 4.478 | 4.648 | 4.923 | 5.198 | 5.368 | 5.643 |
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): | 49.46 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 0.925 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 5.057 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.200 | |
| Elder Ray (13): | -0.045 | |
| Super Trend (3,10): | 4.757 | |
| Zig ZAG (10): | 4.895 | |
| VORTEX (21): | 1.0580 | |
| Stochastique (14,3,5): | 51.64 | |
| TEMA (21): | 5.076 | |
| Williams %R (14): | -73.08 | |
| Chande Momentum Oscillator (20): | -0.195 | |
| Repulse (5,40,3): | -1.4350 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3190 | |
| Courbe Coppock: | 10.52 |
| MA7: | 5.019 | |
| MA20: | 4.940 | |
| MA50: | 4.760 | |
| MA100: | 4.629 | |
| MAexp7: | 4.999 | |
| MAexp20: | 4.943 | |
| MAexp50: | 4.802 | |
| MAexp100: | 4.610 | |
| Price / MA7: | -2.47% | |
| Price / MA20: | -0.91% | |
| Price / MA50: | +2.84% | |
| Price / MA100: | +5.75% | |
| Price / MAexp7: | -2.08% | |
| Price / MAexp20: | -0.97% | |
| Price / MAexp50: | +1.94% | |
| Price / MAexp100: | +6.18% |
News
Don"t forget to follow the news on FAES. At the time of publication of this analysis, the latest news was as follows:
Tech Talk: interview with Christian Faes, LendInvestThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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