RECTICEL

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	RECT
ISIN:	BE0003656676

RECTICEL - Daily - Technical analysis published on 09/28/2022 (GMT)

Londinia

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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

33%

50%

17%

My opinion

Bearish under 14.02 EUR

My targets

11.83 EUR (-9.26%)

11.39 EUR (-12.65%)

My analysis

The bearish trend is currently very strong for RECTICEL. As long as the price remains below the resistance at 14.02 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.83 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.39 EUR as an objective. Crossing it would then enable sellers to target 9.19 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

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

The RECTICEL rating is 13.04 EUR. The price has increased by +5.50% since the last closing and was between 12.44 EUR and 13.04 EUR. This implies that the price is at +4.82% from its lowest and at 0% from its highest.

12.44

13.04

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

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 RECTICEL in Daily shows a overall strongly bearish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

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

White morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.19	11.39	12.96	13.04	14.02	15.47	17.48
Change (%)	-29.52%	-12.65%	-0.61%	-	+7.52%	+18.63%	+34.05%
Change	-3.85	-1.65	-0.08	-	+0.98	+2.43	+4.44
Level	Minor	Minor	Major	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.04	12.24	12.64	12.84	13.24	13.44	13.84
Camarilla	12.88	12.93	12.99	13.04	13.10	13.15	13.21
Woodie	12.14	12.29	12.74	12.89	13.34	13.49	13.94
Fibonacci	12.24	12.47	12.61	12.84	13.07	13.21	13.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.03	11.77	12.15	12.89	13.27	14.01	14.39
Camarilla	12.23	12.34	12.44	12.54	12.64	12.75	12.85
Woodie	10.86	11.68	11.98	12.80	13.10	13.92	14.22
Fibonacci	11.77	12.20	12.46	12.89	13.32	13.58	14.01

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.37	11.83	12.87	14.33	15.37	16.83	17.87
Camarilla	13.21	13.44	13.67	13.90	14.13	14.36	14.59
Woodie	10.15	11.73	12.65	14.23	15.15	16.73	17.65
Fibonacci	11.83	12.79	13.38	14.33	15.29	15.88	16.83

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):	43.42
MACD (12,26,9):	-0.4000
Directional Movement:	-7.99
AROON (14):	-64.29
DEMA (21):	12.76
Parabolic SAR (0,02-0,02-0,2):	13.65
Elder Ray (13):	-0.35
Super Trend (3,10):	13.74
Zig ZAG (10):	13.04
VORTEX (21):	0.8100
Stochastique (14,3,5):	15.67
TEMA (21):	12.69
Williams %R (14):	-55.84
Chande Momentum Oscillator (20):	-0.22
Repulse (5,40,3):	2.2500
ROCnROLL:	2
TRIX (15,9):	-0.4000
Courbe Coppock:	8.00

MA7:	12.93
MA20:	13.24
MA50:	14.16
MA100:	15.29
MAexp7:	12.90
MAexp20:	13.29
MAexp50:	14.06
MAexp100:	15.07
Price / MA7:	+0.85%
Price / MA20:	-1.51%
Price / MA50:	-7.91%
Price / MA100:	-14.72%
Price / MAexp7:	+1.09%
Price / MAexp20:	-1.88%
Price / MAexp50:	-7.25%
Price / MAexp100:	-13.47%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on RECTICEL 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.

About author

Londinia AI

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