EKINOPS - Weekly - Technical analysis published on 06/13/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 4.563 EUR
My targets
3.468 EUR (-6.27%)
2.747 EUR (-25.76%)
My analysis
The bearish trend is currently very strong for EKINOPS. As long as the price remains below the resistance at 4.563 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.468 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.747 EUR as an objective. Crossing it would then enable sellers to target 2.365 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
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.
This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EKINOPS rating is 3.700 EUR. The price is lower by -8.08% over the 5 days and was traded between 3.700 EUR and 3.925 EUR over the period. The price is currently at 0% from its lowest point and -5.73% from its highest point.3.700
3.925
3.700
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
Here is a more detailed summary of the historical variations registered by EKINOPS:
Technical
A technical analysis in Weekly of this EKINOPS chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Weekly
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Weekly
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 3.700 | 5.727 | 7.057 | 7.930 |
| Change (%) | -36.08% | -6.27% | - | +54.78% | +90.73% | +114.32% |
| Change | -1.335 | -0.232 | - | +2.027 | +3.357 | +4.230 |
| 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 | 3.685 | 3.710 | 3.725 | 3.750 | 3.765 | 3.790 | 3.805 |
| Camarilla | 3.729 | 3.733 | 3.736 | 3.740 | 3.744 | 3.747 | 3.751 |
| Woodie | 3.680 | 3.708 | 3.720 | 3.748 | 3.760 | 3.788 | 3.800 |
| Fibonacci | 3.710 | 3.725 | 3.735 | 3.750 | 3.765 | 3.775 | 3.790 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.302 | 3.588 | 3.772 | 4.058 | 4.242 | 4.528 | 4.712 |
| Camarilla | 3.826 | 3.869 | 3.912 | 3.955 | 3.998 | 4.041 | 4.084 |
| Woodie | 3.250 | 3.563 | 3.720 | 4.033 | 4.190 | 4.503 | 4.660 |
| Fibonacci | 3.588 | 3.768 | 3.879 | 4.058 | 4.238 | 4.349 | 4.528 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.283 | 2.747 | 3.423 | 3.887 | 4.563 | 5.027 | 5.703 |
| Camarilla | 3.787 | 3.891 | 3.996 | 4.100 | 4.205 | 4.309 | 4.414 |
| Woodie | 2.390 | 2.800 | 3.530 | 3.940 | 4.670 | 5.080 | 5.810 |
| Fibonacci | 2.747 | 3.182 | 3.451 | 3.887 | 4.322 | 4.591 | 5.027 |
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): | 42.28 | |
| MACD (12,26,9): | -0.3390 | |
| Directional Movement: | -5.759 | |
| AROON (14): | 64.285 | |
| DEMA (21): | 3.455 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.261 | |
| Elder Ray (13): | -0.032 | |
| Super Trend (3,10): | 4.362 | |
| Zig ZAG (10): | 3.700 | |
| VORTEX (21): | 0.8620 | |
| Stochastique (14,3,5): | 65.47 | |
| TEMA (21): | 3.665 | |
| Williams %R (14): | -52.00 | |
| Chande Momentum Oscillator (20): | 0.525 | |
| Repulse (5,40,3): | -8.9840 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.4840 | |
| Courbe Coppock: | 5.19 |
| MA7: | 3.896 | |
| MA20: | 4.035 | |
| MA50: | 3.689 | |
| MA100: | 3.849 | |
| MAexp7: | 3.830 | |
| MAexp20: | 3.992 | |
| MAexp50: | 4.900 | |
| MAexp100: | 5.718 | |
| Price / MA7: | -5.03% | |
| Price / MA20: | -8.30% | |
| Price / MA50: | +0.30% | |
| Price / MA100: | -3.87% | |
| Price / MAexp7: | -3.39% | |
| Price / MAexp20: | -7.31% | |
| Price / MAexp50: | -24.49% | |
| Price / MAexp100: | -35.29% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on EKINOPS. At the time of publication of this analysis, the latest news was as follows:
- Ekinops acquires 120,914 of its own shares from a historical shareholder
- Ekinops celebrates the opening of its new headquarters and R&D hub for optical transport activities in Lannion
- 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€
This member declared not having a position on this financial instrument or a related financial instrument.
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