CORBION - 1H - Technical analysis published on 01/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 34.70 EUR
My targets
36.56 EUR (+1.50%)
37.85 EUR (+5.08%)
My analysis
The bullish trend is currently very strong on CORBION. As long as the price remains above the support at 34.70 EUR, you could try to benefit from the boom. The first bullish objective is located at 36.56 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 37.85 EUR as an objective. Crossing it would then enable buyers to target 40.62 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CORBION rating 36.02 EUR. The price registered an increase of +5.94% on the session with the lowest point at 35.00 EUR and the highest point at 37.70 EUR. The deviation from the price is +2.91% for the low point and -4.46% for the high point.35.00
37.70
36.02
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CORBION indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.15 | 33.98 | 34.70 | 36.02 | 37.85 | 40.62 | 43.15 |
| Change (%) | -7.97% | -5.66% | -3.66% | - | +5.08% | +12.77% | +19.79% |
| Change | -2.87 | -2.04 | -1.32 | - | +1.83 | +4.60 | +7.13 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.90 | 33.40 | 33.70 | 34.20 | 34.50 | 35.00 | 35.30 |
| Camarilla | 33.78 | 33.85 | 33.93 | 34.00 | 34.07 | 34.15 | 34.22 |
| Woodie | 32.80 | 33.35 | 33.60 | 34.15 | 34.40 | 34.95 | 35.20 |
| Fibonacci | 33.40 | 33.71 | 33.89 | 34.20 | 34.51 | 34.69 | 35.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.68 | 31.22 | 32.22 | 32.76 | 33.76 | 34.30 | 35.30 |
| Camarilla | 32.80 | 32.94 | 33.08 | 33.22 | 33.36 | 33.50 | 33.64 |
| Woodie | 30.91 | 31.34 | 32.45 | 32.88 | 33.99 | 34.42 | 35.53 |
| Fibonacci | 31.22 | 31.81 | 32.17 | 32.76 | 33.35 | 33.71 | 34.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.32 | 28.96 | 30.40 | 32.04 | 33.48 | 35.12 | 36.56 |
| Camarilla | 30.99 | 31.28 | 31.56 | 31.84 | 32.12 | 32.41 | 32.69 |
| Woodie | 27.22 | 28.91 | 30.30 | 31.99 | 33.38 | 35.07 | 36.46 |
| Fibonacci | 28.96 | 30.14 | 30.86 | 32.04 | 33.22 | 33.94 | 35.12 |
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): | 64.66 | |
| MACD (12,26,9): | 0.7300 | |
| Directional Movement: | 22.28 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 35.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.12 | |
| Elder Ray (13): | 0.43 | |
| Super Trend (3,10): | 35.23 | |
| Zig ZAG (10): | 35.88 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 55.32 | |
| TEMA (21): | 36.12 | |
| Williams %R (14): | -45.79 | |
| Chande Momentum Oscillator (20): | 1.60 | |
| Repulse (5,40,3): | 0.6700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 9.96 |
| MA7: | 33.60 | |
| MA20: | 32.54 | |
| MA50: | 30.98 | |
| MA100: | 28.79 | |
| MAexp7: | 35.71 | |
| MAexp20: | 34.81 | |
| MAexp50: | 33.89 | |
| MAexp100: | 33.26 | |
| Price / MA7: | +7.20% | |
| Price / MA20: | +10.69% | |
| Price / MA50: | +16.27% | |
| Price / MA100: | +25.11% | |
| Price / MAexp7: | +0.87% | |
| Price / MAexp20: | +3.48% | |
| Price / MAexp50: | +6.29% | |
| Price / MAexp100: | +8.30% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on CORBION at the time of the generation of this analysis was as follows:
- Corbion appoints Jennifer Lindsey as Chief Marketing and Digital Officer
- Corbion Strategy Update of ‘Advance 2025’
- Corbion proposes to re-appoint Olivier Rigaud as CEO
- Corbion Q1 2022 Interim Management Statement
- Corbion proposes to appoint William Lin to the Supervisory Board
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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