AGFA-GEVAERT

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	AGFB
ISIN:	BE0003755692

AGFA-GEVAERT - Daily - Technical analysis published on 11/15/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

28%

My opinion

Bearish under 1.730 EUR

My targets

1.589 EUR (-5.06%)

1.430 EUR (-14.58%)

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 AGFA-GEVAERT. As long as you are under the resistance located at 1.730 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.589 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.430 EUR as an objective. Crossing it would then enable sellers to target 1.250 EUR. If the resistance 1.730 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.5

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

The AGFA-GEVAERT price is 1.674 EUR. On the day, this instrument gained +7.72% with the lowest point at 1.562 EUR and the highest point at 1.674 EUR. The deviation from the price is +7.17% for the low point and 0% for the high point.

1.562

1.674

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by AGFA-GEVAERT:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of AGFA-GEVAERT indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

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

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	1.250	1.430	1.674	1.730	2.225	2.482
Change (%)	-25.33%	-14.58%	-	+3.35%	+32.92%	+48.27%
Change	-0.424	-0.244	-	+0.056	+0.551	+0.808
Level	Intermediate	Major	-	Intermediate	Intermediate	Major

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	1.487	1.525	1.599	1.637	1.711	1.749	1.823
Camarilla	1.643	1.654	1.664	1.674	1.684	1.695	1.705
Woodie	1.506	1.534	1.618	1.646	1.730	1.758	1.842
Fibonacci	1.525	1.568	1.594	1.637	1.680	1.706	1.749

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.365	1.447	1.493	1.575	1.621	1.703	1.749
Camarilla	1.505	1.517	1.528	1.540	1.552	1.564	1.575
Woodie	1.348	1.438	1.476	1.566	1.604	1.694	1.732
Fibonacci	1.447	1.496	1.526	1.575	1.624	1.654	1.703

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.923	1.167	1.345	1.589	1.767	2.011	2.189
Camarilla	1.406	1.445	1.483	1.522	1.561	1.599	1.638
Woodie	0.889	1.151	1.311	1.573	1.733	1.995	2.155
Fibonacci	1.167	1.329	1.428	1.589	1.751	1.850	2.011

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):	56.59
MACD (12,26,9):	-0.0280
Directional Movement:	4.618
AROON (14):	85.714
DEMA (21):	1.528
Parabolic SAR (0,02-0,02-0,2):	1.514
Elder Ray (13):	0.043
Super Trend (3,10):	1.436
Zig ZAG (10):	1.674
VORTEX (21):	0.9130
Stochastique (14,3,5):	70.22
TEMA (21):	1.585
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.244
Repulse (5,40,3):	7.5710
ROCnROLL:	-1
TRIX (15,9):	-0.4980
Courbe Coppock:	12.43

MA7:	1.592
MA20:	1.533
MA50:	1.709
MA100:	2.018
MAexp7:	1.589
MAexp20:	1.583
MAexp50:	1.722
MAexp100:	1.942
Price / MA7:	+5.15%
Price / MA20:	+9.20%
Price / MA50:	-2.05%
Price / MA100:	-17.05%
Price / MAexp7:	+5.35%
Price / MAexp20:	+5.75%
Price / MAexp50:	-2.79%
Price / MAexp100:	-13.80%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on AGFA-GEVAERT at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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