FORFARMERS - Daily - Technical analysis published on 02/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Neutral
Technical indicators
22%
39%
39%
My opinion
Neutral between 5.42 EUR and 6.35 EUR
My targets
-
My analysis
There is no basic trend for FORFARMERS and in the short term, there are still few sellers. It is difficult to advise a trading direction under these conditions. The first support is located at 5.42 EUR. The first resistance is located at 6.35 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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 FORFARMERS rating is 5.92 EUR. The price is lower by -2.79% since the last closing and was between 5.91 EUR and 6.04 EUR. This implies that the price is at +0.17% from its lowest and at -1.99% from its highest.5.91
6.04
5.92
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 FORFARMERS in Daily shows a neutral overall trend. This indecision could turn into a bearish trend due to the slightly bearish signals currently given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.42 | 5.84 | 5.92 | 6.35 | 6.73 | 6.95 |
| Change (%) | -8.45% | -1.35% | - | +7.26% | +13.68% | +17.40% |
| Change | -0.50 | -0.08 | - | +0.43 | +0.81 | +1.03 |
| Level | Major | Major | - | Intermediate | Minor | 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 | 5.97 | 6.03 | 6.06 | 6.12 | 6.15 | 6.21 | 6.24 |
| Camarilla | 6.07 | 6.07 | 6.08 | 6.09 | 6.10 | 6.11 | 6.12 |
| Woodie | 5.96 | 6.02 | 6.05 | 6.11 | 6.14 | 6.20 | 6.23 |
| Fibonacci | 6.03 | 6.06 | 6.09 | 6.12 | 6.15 | 6.18 | 6.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.89 | 5.99 | 6.04 | 6.14 | 6.19 | 6.29 | 6.34 |
| Camarilla | 6.05 | 6.06 | 6.08 | 6.09 | 6.10 | 6.12 | 6.13 |
| Woodie | 5.87 | 5.98 | 6.02 | 6.13 | 6.17 | 6.28 | 6.32 |
| Fibonacci | 5.99 | 6.05 | 6.08 | 6.14 | 6.20 | 6.23 | 6.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.85 | 5.28 | 5.59 | 6.02 | 6.33 | 6.76 | 7.07 |
| Camarilla | 5.70 | 5.76 | 5.83 | 5.90 | 5.97 | 6.04 | 6.10 |
| Woodie | 4.79 | 5.25 | 5.53 | 5.99 | 6.27 | 6.73 | 7.01 |
| Fibonacci | 5.28 | 5.56 | 5.74 | 6.02 | 6.30 | 6.48 | 6.76 |
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): | 40.65 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -6.72 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 6.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.25 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 5.86 | |
| Zig ZAG (10): | 5.92 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 47.11 | |
| TEMA (21): | 6.11 | |
| Williams %R (14): | -97.06 | |
| Chande Momentum Oscillator (20): | -0.23 | |
| Repulse (5,40,3): | -3.5200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 4.56 |
| MA7: | 6.13 | |
| MA20: | 6.06 | |
| MA50: | 5.99 | |
| MA100: | 5.80 | |
| MAexp7: | 6.08 | |
| MAexp20: | 6.07 | |
| MAexp50: | 5.99 | |
| MAexp100: | 5.99 | |
| Price / MA7: | -3.43% | |
| Price / MA20: | -2.31% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | +2.07% | |
| Price / MAexp7: | -2.63% | |
| Price / MAexp20: | -2.47% | |
| Price / MAexp50: | -1.17% | |
| Price / MAexp100: | -1.17% |
News
Don"t forget to follow the news on FORFARMERS. At the time of publication of this analysis, the latest news was as follows:
- ForFarmers N.V.: Update on share buy-back programme ForFarmers
- ForFarmers N.V.: Update on share buy-back programme ForFarmers
- ForFarmers N.V.: Update on share buy-back programme ForFarmers
- ForFarmers N.V.: Update on share buy-back programme ForFarmers
- ForFarmers N.V.: Update on share buy-back programme ForFarmers
This member declared not having a position on this financial instrument or a related financial instrument.
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