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EGIDE
EGIDE
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALGID
ISIN: FR0000072373

EGIDE - 1H - Technical analysis published on 01/30/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 0.813 EUR
My targets
0.741 EUR (-0.94%)
0.695 EUR (-7.05%)
My analysis
EGIDE 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 0.813 EUR. The next support located at 0.741 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 0.695 EUR. Below this support, sellers could then target 0.680 EUR.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.5

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.

pierrott
This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The EGIDE price is 0.748 EUR. The price registered a decrease of -23.05% on the session and was traded between 0.720 EUR and 0.800 EUR over the period. The price is currently at +3.89% from its lowest and -6.50% from its highest.

0.720
0.800
0.748

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

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:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of EGIDE indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.641 0.680 0.741 0.748 0.884 0.950 0.990
Change (%) -14.30% -9.09% -0.94% - +18.18% +27.01% +32.35%
Change -0.107 -0.068 -0.007 - +0.136 +0.202 +0.242
Level Intermediate Minor Major - Major Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.8900.9130.9430.9660.9961.0191.049
Camarilla0.9570.9620.9670.9720.9770.9820.987
Woodie0.8930.9150.9460.9680.9991.0211.052
Fibonacci0.9130.9340.9460.9660.9870.9991.019


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.6270.6950.8130.8810.9991.0671.185
Camarilla0.8790.8960.9130.9300.9470.9640.981
Woodie0.6510.7080.8370.8941.0231.0801.209
Fibonacci0.6950.7660.8100.8810.9520.9961.067


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.4360.5190.6240.7070.8120.8951.000
Camarilla0.6770.6950.7120.7290.7460.7640.781
Woodie0.4470.5250.6350.7130.8230.9011.011
Fibonacci0.5190.5910.6350.7070.7790.8230.895

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): 26.15
MACD (12,26,9): 0.0120
Directional Movement: -31.496
AROON (14): -64.286
DEMA (21): 0.941
Parabolic SAR (0,02-0,02-0,2): 0.990
Elder Ray (13): -0.157
Super Trend (3,10): 0.901
Zig ZAG (10): 0.740
VORTEX (21): 1.0380
Stochastique (14,3,5): 55.32
TEMA (21): 0.928
Williams %R (14): -99.61
Chande Momentum Oscillator (20): -0.180
Repulse (5,40,3): -10.8950
ROCnROLL: 2
TRIX (15,9): 0.4400
Courbe Coppock: 11.25
MA7: 0.861
MA20: 0.810
MA50: 0.717
MA100: 0.665
MAexp7: 0.916
MAexp20: 0.920
MAexp50: 0.882
MAexp100: 0.842
Price / MA7: -13.12%
Price / MA20: -7.65%
Price / MA50: +4.32%
Price / MA100: +12.48%
Price / MAexp7: -18.34%
Price / MAexp20: -18.70%
Price / MAexp50: -15.19%
Price / MAexp100: -11.16%

Quotes : - 15 min delayed data - Euronext Paris

News


Don't forget to follow the news on EGIDE. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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