BASIC-FIT - Daily - Technical analysis published on 10/04/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 33.91 EUR
My targets
28.03 EUR (-11.08%)
27.07 EUR (-14.12%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BASIC-FIT as long as the price remains well below 33.91 EUR. The sellers' bearish objective is set at 28.03 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 27.07 EUR. In case of crossing, the next objective would be the support located at 20.26 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 BASIC-FIT price is 31.52 EUR. The price has increased by +5.91% since the last closing and was between 30.02 EUR and 31.58 EUR. This implies that the price is at +5.00% from its lowest and at -0.19% from its highest.30.02
31.58
31.52
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 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 BASIC-FIT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.28 | 20.26 | 27.07 | 31.52 | 33.91 | 35.70 | 37.44 |
| Change (%) | -51.52% | -35.72% | -14.12% | - | +7.58% | +13.26% | +18.78% |
| Change | -16.24 | -11.26 | -4.45 | - | +2.39 | +4.18 | +5.92 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Intermediate |
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 | 27.48 | 28.24 | 29.00 | 29.76 | 30.52 | 31.28 | 32.04 |
| Camarilla | 29.34 | 29.48 | 29.62 | 29.76 | 29.90 | 30.04 | 30.18 |
| Woodie | 27.48 | 28.24 | 29.00 | 29.76 | 30.52 | 31.28 | 32.04 |
| Fibonacci | 28.24 | 28.82 | 29.18 | 29.76 | 30.34 | 30.70 | 31.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.35 | 28.91 | 29.95 | 31.51 | 32.55 | 34.11 | 35.15 |
| Camarilla | 30.29 | 30.52 | 30.76 | 31.00 | 31.24 | 31.48 | 31.72 |
| Woodie | 27.10 | 28.78 | 29.70 | 31.38 | 32.30 | 33.98 | 34.90 |
| Fibonacci | 28.91 | 29.90 | 30.51 | 31.51 | 32.50 | 33.11 | 34.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.65 | 25.05 | 28.03 | 33.43 | 36.41 | 41.81 | 44.79 |
| Camarilla | 28.70 | 29.46 | 30.23 | 31.00 | 31.77 | 32.54 | 33.31 |
| Woodie | 18.43 | 24.45 | 26.81 | 32.83 | 35.19 | 41.21 | 43.57 |
| Fibonacci | 25.05 | 28.25 | 30.23 | 33.43 | 36.63 | 38.61 | 41.81 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.22 | |
| MACD (12,26,9): | -1.8300 | |
| Directional Movement: | -21.06 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 31.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.12 | |
| Elder Ray (13): | -1.78 | |
| Super Trend (3,10): | 34.04 | |
| Zig ZAG (10): | 31.46 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 15.37 | |
| TEMA (21): | 30.39 | |
| Williams %R (14): | -69.63 | |
| Chande Momentum Oscillator (20): | -3.62 | |
| Repulse (5,40,3): | 2.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6300 | |
| Courbe Coppock: | 25.84 |
| MA7: | 31.43 | |
| MA20: | 34.01 | |
| MA50: | 37.25 | |
| MA100: | 37.66 | |
| MAexp7: | 31.57 | |
| MAexp20: | 33.57 | |
| MAexp50: | 35.88 | |
| MAexp100: | 37.30 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | -7.32% | |
| Price / MA50: | -15.38% | |
| Price / MA100: | -16.30% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -6.11% | |
| Price / MAexp50: | -12.15% | |
| Price / MAexp100: | -15.50% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on BASIC-FIT 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
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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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