TECHNOGYM - Daily - Technical analysis published on 11/22/2019 (GMT)
- 218
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 9.817 EUR
My targets
10.313 EUR (+0.71%)
10.637 EUR (+3.88%)
My analysis
The bullish trend is currently very strong on TECHNOGYM. As long as the price remains above the support at 9.817 EUR, you could try to benefit from the boom. The first bullish objective is located at 10.313 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.637 EUR as an objective. Crossing it would then enable buyers to target 10.926 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
7.9
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TECHNOGYM rating 10.240 EUR. The price registered a decrease of -0.20% on the session with the lowest point at 10.160 EUR and the highest point at 10.330 EUR. The deviation from the price is +0.79% for the low point and -0.87% for the high point.10.160
10.330
10.240
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of TECHNOGYM indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
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:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.940 | 9.320 | 9.817 | 10.240 | 10.313 | 10.637 | 10.926 |
| Change (%) | -12.70% | -8.98% | -4.13% | - | +0.71% | +3.88% | +6.70% |
| Change | -1.300 | -0.920 | -0.423 | - | +0.073 | +0.397 | +0.686 |
| Level | Major | Minor | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.967 | 10.023 | 10.077 | 10.133 | 10.187 | 10.243 | 10.297 |
| Camarilla | 10.100 | 10.110 | 10.120 | 10.130 | 10.140 | 10.150 | 10.160 |
| Woodie | 9.965 | 10.023 | 10.075 | 10.133 | 10.185 | 10.243 | 10.295 |
| Fibonacci | 10.023 | 10.065 | 10.091 | 10.133 | 10.175 | 10.201 | 10.243 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.470 | 9.650 | 9.840 | 10.020 | 10.210 | 10.390 | 10.580 |
| Camarilla | 9.928 | 9.962 | 9.996 | 10.030 | 10.064 | 10.098 | 10.132 |
| Woodie | 9.475 | 9.653 | 9.845 | 10.023 | 10.215 | 10.393 | 10.585 |
| Fibonacci | 9.650 | 9.791 | 9.879 | 10.020 | 10.161 | 10.249 | 10.390 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.218 | 8.887 | 9.383 | 10.052 | 10.548 | 11.217 | 11.713 |
| Camarilla | 9.560 | 9.666 | 9.773 | 9.880 | 9.987 | 10.094 | 10.200 |
| Woodie | 8.133 | 8.844 | 9.298 | 10.009 | 10.463 | 11.174 | 11.628 |
| Fibonacci | 8.887 | 9.332 | 9.607 | 10.052 | 10.497 | 10.772 | 11.217 |
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): | 54.95 | |
| MACD (12,26,9): | 0.0490 | |
| Directional Movement: | 6.975 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 10.174 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.836 | |
| Elder Ray (13): | 0.038 | |
| Super Trend (3,10): | 10.489 | |
| Zig ZAG (10): | 10.260 | |
| VORTEX (21): | 0.9230 | |
| Stochastique (14,3,5): | 66.48 | |
| TEMA (21): | 10.181 | |
| Williams %R (14): | -26.45 | |
| Chande Momentum Oscillator (20): | 0.320 | |
| Repulse (5,40,3): | 1.4310 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 7.39 |
| MA7: | 10.236 | |
| MA20: | 9.991 | |
| MA50: | 10.084 | |
| MA100: | 9.870 | |
| MAexp7: | 10.182 | |
| MAexp20: | 10.116 | |
| MAexp50: | 10.031 | |
| MAexp100: | 9.994 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +2.49% | |
| Price / MA50: | +1.55% | |
| Price / MA100: | +3.75% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.23% | |
| Price / MAexp50: | +2.08% | |
| Price / MAexp100: | +2.46% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis TECHNOGYM - Daily