FAGRON - 1H - Technical analysis published on 10/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 16.29 EUR
My targets
16.92 EUR (+1.81%)
17.52 EUR (+5.42%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FAGRON as long as the price remains well above 16.29 EUR. The buyers' bullish objective is set at 16.92 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 17.52 EUR. If there is any crossing, the next objective would be the resistance located at 18.19 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FAGRON price is 16.62 EUR. The price has increased by +3.75% since the last closing and was between 16.22 EUR and 16.74 EUR. This implies that the price is at +2.47% from its lowest and at -0.72% from its highest.16.22
16.74
16.62
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this FAGRON chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 15.88 | 16.09 | 16.29 | 16.62 | 16.66 | 16.92 | 17.52 |
| Change (%) | -4.45% | -3.19% | -1.99% | - | +0.24% | +1.81% | +5.42% |
| Change | -0.74 | -0.53 | -0.33 | - | +0.04 | +0.30 | +0.90 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 15.79 | 16.01 | 16.31 | 16.53 | 16.83 | 17.05 | 17.35 |
| Camarilla | 16.48 | 16.53 | 16.57 | 16.62 | 16.67 | 16.72 | 16.76 |
| Woodie | 15.84 | 16.03 | 16.36 | 16.55 | 16.88 | 17.07 | 17.40 |
| Fibonacci | 16.01 | 16.21 | 16.33 | 16.53 | 16.73 | 16.85 | 17.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.79 | 16.01 | 16.31 | 16.53 | 16.83 | 17.05 | 17.35 |
| Camarilla | 16.48 | 16.53 | 16.57 | 16.62 | 16.67 | 16.72 | 16.76 |
| Woodie | 15.84 | 16.03 | 16.36 | 16.55 | 16.88 | 17.07 | 17.40 |
| Fibonacci | 16.01 | 16.21 | 16.33 | 16.53 | 16.73 | 16.85 | 17.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.25 | 14.97 | 15.54 | 16.26 | 16.83 | 17.55 | 18.12 |
| Camarilla | 15.76 | 15.87 | 15.99 | 16.11 | 16.23 | 16.35 | 16.47 |
| Woodie | 14.18 | 14.93 | 15.47 | 16.22 | 16.76 | 17.51 | 18.05 |
| Fibonacci | 14.97 | 15.46 | 15.77 | 16.26 | 16.75 | 17.06 | 17.55 |
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): | 53.52 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 6.93 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 16.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.88 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 16.89 | |
| Zig ZAG (10): | 16.62 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 91.25 | |
| TEMA (21): | 16.44 | |
| Williams %R (14): | -13.64 | |
| Chande Momentum Oscillator (20): | 0.50 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.71 |
| MA7: | 16.47 | |
| MA20: | 16.16 | |
| MA50: | 16.31 | |
| MA100: | 16.13 | |
| MAexp7: | 16.52 | |
| MAexp20: | 16.49 | |
| MAexp50: | 16.50 | |
| MAexp100: | 16.43 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +2.85% | |
| Price / MA50: | +1.90% | |
| Price / MA100: | +3.04% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +0.73% | |
| Price / MAexp100: | +1.16% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on FAGRON. At the time of publication of this analysis, the latest news was as follows:
- Fagron completes share buy-back program
- Progress share buy-back program Fagron
- Fagron shareholders approve majority voting items
- Fagron increases share capital through exercise subscription rights
- Disclosure of notification received from FMR LLC
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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