EKINOPS - Weekly - Technical analysis published on 05/23/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 4.260 EUR
My targets
3.680 EUR (-12.90%)
3.468 EUR (-17.92%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EKINOPS. As long as you are under the resistance located at 4.260 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.680 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 3.468 EUR as an objective. Crossing it would then enable sellers to target 2.365 EUR. If the resistance 4.260 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
1.4
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EKINOPS rating is 4.225 EUR. The price is up +6.16% over 5 days and has been traded over the last 5 days between 3.880 EUR and 4.290 EUR. This implies that the 5 day price is +8.89% from its lowest point and -1.52% from its highest point.3.880
4.290
4.225
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Weekly chart of EKINOPS indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Weekly
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.365 | 3.468 | 4.225 | 5.727 | 7.057 | 7.917 |
| Change (%) | -44.02% | -17.92% | - | +35.55% | +67.03% | +87.38% |
| Change | -1.860 | -0.757 | - | +1.502 | +2.832 | +3.692 |
| Level | Intermediate | Major | - | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 3.713 | 3.842 | 4.033 | 4.162 | 4.353 | 4.482 | 4.673 |
| Camarilla | 4.137 | 4.166 | 4.196 | 4.225 | 4.254 | 4.284 | 4.313 |
| Woodie | 3.745 | 3.858 | 4.065 | 4.178 | 4.385 | 4.498 | 4.705 |
| Fibonacci | 3.842 | 3.964 | 4.039 | 4.162 | 4.284 | 4.359 | 4.482 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.37 | |
| MACD (12,26,9): | -0.4580 | |
| Directional Movement: | -1.920 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 3.329 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.119 | |
| Elder Ray (13): | 0.290 | |
| Super Trend (3,10): | 4.362 | |
| Zig ZAG (10): | 4.210 | |
| VORTEX (21): | 0.8360 | |
| Stochastique (14,3,5): | 52.58 | |
| TEMA (21): | 3.460 | |
| Williams %R (14): | -15.59 | |
| Chande Momentum Oscillator (20): | 0.310 | |
| Repulse (5,40,3): | 20.3520 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.7130 | |
| Courbe Coppock: | 34.41 |
| MA7: | 3.938 | |
| MA20: | 3.513 | |
| MA50: | 3.503 | |
| MA100: | 4.010 | |
| MAexp7: | 3.737 | |
| MAexp20: | 4.011 | |
| MAexp50: | 5.021 | |
| MAexp100: | 5.826 | |
| Price / MA7: | +7.29% | |
| Price / MA20: | +20.27% | |
| Price / MA50: | +20.61% | |
| Price / MA100: | +5.36% | |
| Price / MAexp7: | +13.06% | |
| Price / MAexp20: | +5.34% | |
| Price / MAexp50: | -15.85% | |
| Price / MAexp100: | -27.48% |
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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