EKINOPS - Weekly - Technical analysis published on 05/20/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 4.260 EUR
My targets
3.468 EUR (-11.87%)
2.900 EUR (-26.30%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EKINOPS as long as the price remains well below 4.260 EUR. The next bearish objective for sellers is set at 3.468 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.900 EUR. If there is any crossing, the next objective would be the support located at 2.365 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.6
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EKINOPS rating 3.935 EUR. Over 5 days, this instrument gained +21.08% and was traded between 3.440 EUR and 4.035 EUR over the period. The price is currently at +14.39% from its lowest point and -2.48% from its highest point.3.440
4.035
3.935
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this EKINOPS chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.365 | 3.468 | 3.935 | 5.727 | 7.057 | 7.917 |
| Change (%) | -39.90% | -11.87% | - | +45.54% | +79.34% | +101.19% |
| Change | -1.570 | -0.467 | - | +1.792 | +3.122 | +3.982 |
| Level | Intermediate | Major | - | Major | 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 | 3.453 | 3.577 | 3.788 | 3.912 | 4.123 | 4.247 | 4.458 |
| Camarilla | 3.908 | 3.939 | 3.969 | 4.000 | 4.031 | 4.061 | 4.092 |
| Woodie | 3.498 | 3.599 | 3.833 | 3.934 | 4.168 | 4.269 | 4.503 |
| Fibonacci | 3.577 | 3.705 | 3.784 | 3.912 | 4.040 | 4.119 | 4.247 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.703 | 2.977 | 3.488 | 3.762 | 4.273 | 4.547 | 5.058 |
| Camarilla | 3.784 | 3.856 | 3.928 | 4.000 | 4.072 | 4.144 | 4.216 |
| Woodie | 2.823 | 3.036 | 3.608 | 3.821 | 4.393 | 4.606 | 5.178 |
| Fibonacci | 2.977 | 3.277 | 3.462 | 3.762 | 4.062 | 4.247 | 4.547 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.520 | 2.900 | 3.100 | 3.480 | 3.680 | 4.060 | 4.260 |
| Camarilla | 3.141 | 3.194 | 3.247 | 3.300 | 3.353 | 3.406 | 3.460 |
| Woodie | 2.430 | 2.855 | 3.010 | 3.435 | 3.590 | 4.015 | 4.170 |
| Fibonacci | 2.900 | 3.122 | 3.258 | 3.480 | 3.702 | 3.838 | 4.060 |
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): | 45.95 | |
| MACD (12,26,9): | -0.5350 | |
| Directional Movement: | -6.858 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 3.235 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.100 | |
| Elder Ray (13): | -0.092 | |
| Super Trend (3,10): | 4.362 | |
| Zig ZAG (10): | 4.000 | |
| VORTEX (21): | 0.7840 | |
| Stochastique (14,3,5): | 26.64 | |
| TEMA (21): | 3.282 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | -0.075 | |
| Repulse (5,40,3): | 18.7700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.7610 | |
| Courbe Coppock: | 46.55 |
| MA7: | 3.612 | |
| MA20: | 3.424 | |
| MA50: | 3.475 | |
| MA100: | 4.059 | |
| MAexp7: | 3.586 | |
| MAexp20: | 3.995 | |
| MAexp50: | 5.056 | |
| MAexp100: | 5.859 | |
| Price / MA7: | +8.94% | |
| Price / MA20: | +14.92% | |
| Price / MA50: | +13.24% | |
| Price / MA100: | -3.05% | |
| Price / MAexp7: | +9.73% | |
| Price / MAexp20: | -1.50% | |
| Price / MAexp50: | -22.17% | |
| Price / MAexp100: | -32.84% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on EKINOPS at the time of the generation of this analysis was as follows:
- Ekinops welcomes EUVIC as Strategic Optical Transport Channel Partner
- Valo Networks Chooses Ekinops to Deliver 'Fiber to the Farm'
- Ekinops Q1 2024 revenue: 28.3 m€
- Ekinops Delivers 800G Solution, Doubles Capacity and Extends Reach
- Ekinops Expands North American Presence, Doubles Customer Base
This member declared not having a position on this financial instrument or a related financial instrument.
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