ACINQUE - Daily - Technical analysis published on 08/29/2023 (GMT)
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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
17%
72%
11%
My opinion
Bearish under 1.960 EUR
My targets
1.842 EUR (-3.05%)
1.692 EUR (-10.95%)
My analysis
ACINQUE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.960 EUR. The next support located at 1.842 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.692 EUR. Below this support, sellers could then target 1.528 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1
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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 ACINQUE price is 1.900 EUR. On the day, this instrument lost -1.04% and was between 1.900 EUR and 1.900 EUR. This implies that the price is at 0% from its lowest and at 0% from its highest.1.900
1.900
1.900
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 ACINQUE in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.692 | 1.842 | 1.890 | 1.900 | 1.921 | 1.960 | 2.044 |
| Change (%) | -10.95% | -3.05% | -0.53% | - | +1.11% | +3.16% | +7.58% |
| Change | -0.208 | -0.058 | -0.010 | - | +0.021 | +0.060 | +0.144 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | 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 | 1.893 | 1.907 | 1.913 | 1.927 | 1.933 | 1.947 | 1.953 |
| Camarilla | 1.915 | 1.916 | 1.918 | 1.920 | 1.922 | 1.924 | 1.926 |
| Woodie | 1.890 | 1.905 | 1.910 | 1.925 | 1.930 | 1.945 | 1.950 |
| Fibonacci | 1.907 | 1.914 | 1.919 | 1.927 | 1.934 | 1.939 | 1.947 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.813 | 1.847 | 1.883 | 1.917 | 1.953 | 1.987 | 2.023 |
| Camarilla | 1.901 | 1.907 | 1.914 | 1.920 | 1.926 | 1.933 | 1.939 |
| Woodie | 1.815 | 1.848 | 1.885 | 1.918 | 1.955 | 1.988 | 2.025 |
| Fibonacci | 1.847 | 1.873 | 1.890 | 1.917 | 1.943 | 1.960 | 1.987 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.690 | 1.790 | 1.880 | 1.980 | 2.070 | 2.170 | 2.260 |
| Camarilla | 1.918 | 1.935 | 1.953 | 1.970 | 1.987 | 2.005 | 2.022 |
| Woodie | 1.685 | 1.788 | 1.875 | 1.978 | 2.065 | 2.168 | 2.255 |
| Fibonacci | 1.790 | 1.863 | 1.907 | 1.980 | 2.053 | 2.097 | 2.170 |
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): | 37.19 | |
| MACD (12,26,9): | -0.0180 | |
| Directional Movement: | -9.637 | |
| AROON (14): | -71.428 | |
| DEMA (21): | 1.937 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.011 | |
| Elder Ray (13): | -0.046 | |
| Super Trend (3,10): | 1.851 | |
| Zig ZAG (10): | 1.900 | |
| VORTEX (21): | 0.8470 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 1.921 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.070 | |
| Repulse (5,40,3): | 1.8470 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0830 | |
| Courbe Coppock: | 4.90 |
| MA7: | 1.934 | |
| MA20: | 1.964 | |
| MA50: | 1.984 | |
| MA100: | 1.957 | |
| MAexp7: | 1.932 | |
| MAexp20: | 1.957 | |
| MAexp50: | 1.970 | |
| MAexp100: | 1.974 | |
| Price / MA7: | -1.76% | |
| Price / MA20: | -3.26% | |
| Price / MA50: | -4.23% | |
| Price / MA100: | -2.91% | |
| Price / MAexp7: | -1.66% | |
| Price / MAexp20: | -2.91% | |
| Price / MAexp50: | -3.55% | |
| Price / MAexp100: | -3.75% |
Quotes :
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15 min delayed data
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Italy Stocks
ACSM-AGAMThis member declared not having a position on this financial instrument or a related financial instrument.
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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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