ENVEA
ENVEA
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALTEV
ISIN: FR0010278762

ENVEA - Daily - Technical analysis published on 08/26/2020 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 99.8 EUR
My targets
113.5 EUR (+4.61%)
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 ENVEA. As long as you are above the support located at 99.8 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 113.5 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 99.8 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.6

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 Picoul.

Additional analysis

Quotes

The ENVEA rating is 108.5 EUR. On the day, this instrument gained +0.00% and was traded between 108.5 EUR and 109.5 EUR over the period. The price is currently at 0% from its lowest and -0.91% from its highest.

108.5
109.5
108.5

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ENVEA:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of ENVEA in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 78.1 83.9 99.8 108.5 110.0 113.5
Change (%) -28.02% -22.67% -8.02% - +1.38% +4.61%
Change -30.4 -24.6 -8.7 - +1.5 +5.0
Level Major Minor Intermediate - Major Minor



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
Standard107.2107.8108.2108.8109.2109.8110.2
Camarilla108.2108.3108.4108.5108.6108.7108.8
Woodie107.0107.8108.0108.8109.0109.8110.0
Fibonacci107.8108.2108.5108.8109.2109.5109.8


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard107.8108.2108.8109.2109.8110.2110.8
Camarilla109.2109.3109.4109.5109.6109.7109.8
Woodie108.0108.3109.0109.3110.0110.3111.0
Fibonacci108.2108.6108.8109.2109.6109.8110.2


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard103.5105.0106.5108.0109.5111.0112.5
Camarilla107.2107.5107.7108.0108.3108.6108.8
Woodie103.5105.0106.5108.0109.5111.0112.5
Fibonacci105.0106.2106.9108.0109.2109.9111.0

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): 49.60
MACD (12,26,9): 0.3000
Directional Movement: 5.1
AROON (14): 0
DEMA (21): 109.2
Parabolic SAR (0,02-0,02-0,2): 106.6
Elder Ray (13): 0.2
Super Trend (3,10): 109.7
Zig ZAG (10): 108.5
VORTEX (21): 1.0000
Stochastique (14,3,5): 16.70
TEMA (21): 108.7
Williams %R (14): -100.00
Chande Momentum Oscillator (20): 0.0
Repulse (5,40,3): -1.4000
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.40
MA7: 109.0
MA20: 108.8
MA50: 107.7
MA100: 102.5
MAexp7: 108.8
MAexp20: 108.7
MAexp50: 107.3
MAexp100: 103.5
Price / MA7: -0.46%
Price / MA20: -0.28%
Price / MA50: +0.74%
Price / MA100: +5.85%
Price / MAexp7: -0.28%
Price / MAexp20: -0.18%
Price / MAexp50: +1.12%
Price / MAexp100: +4.83%

Quotes : 2020-08-26 14:03:01 - 15 min delayed data - Euronext Paris

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

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