FORVIA

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	FRVIA
ISIN:	FR0000121147

FORVIA - Daily - Technical analysis published on 02/20/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 19.853 EUR

My targets

22.052 EUR (+5.51%)

24.293 EUR (+16.24%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FAURECIA as long as the price remains well above 19.853 EUR. The buyers' bullish objective is set at 22.052 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.293 EUR. If there is any crossing, the next objective would be the resistance located at 26.625 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

FAURECIA rating 20.900 EUR. The price has increased by +4.71% since the last closing and was between 20.580 EUR and 21.150 EUR. This implies that the price is at +1.55% from its lowest and at -1.18% from its highest.

20.580

21.150

20.900

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FAURECIA in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.500	15.052	17.609	20.900	22.052	26.625	36.018
Change (%)	-35.41%	-27.98%	-15.75%	-	+5.51%	+27.39%	+72.33%
Change	-7.400	-5.848	-3.291	-	+1.152	+5.725	+15.118
Level	Minor	Major	Major	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.052	19.333	19.647	19.928	20.242	20.523	20.837
Camarilla	19.796	19.851	19.906	19.960	20.015	20.069	20.124
Woodie	19.068	19.341	19.663	19.936	20.258	20.531	20.853
Fibonacci	19.333	19.561	19.701	19.928	20.156	20.296	20.523

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.752	16.793	18.377	19.418	21.002	22.043	23.627
Camarilla	19.238	19.479	19.719	19.960	20.201	20.441	20.682
Woodie	16.023	16.929	18.648	19.554	21.273	22.179	23.898
Fibonacci	16.793	17.796	18.416	19.418	20.421	21.041	22.043

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.973	12.687	15.413	17.127	19.853	21.567	24.293
Camarilla	16.919	17.326	17.733	18.140	18.547	18.954	19.361
Woodie	11.480	12.940	15.920	17.380	20.360	21.820	24.800
Fibonacci	12.687	14.383	15.431	17.127	18.823	19.871	21.567

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):	69.86
MACD (12,26,9):	0.7620
Directional Movement:	28.759
AROON (14):	100.000
DEMA (21):	19.801
Parabolic SAR (0,02-0,02-0,2):	17.939
Elder Ray (13):	1.663
Super Trend (3,10):	18.448
Zig ZAG (10):	20.940
VORTEX (21):	1.1220
Stochastique (14,3,5):	89.43
TEMA (21):	19.942
Williams %R (14):	-4.83
Chande Momentum Oscillator (20):	1.675
Repulse (5,40,3):	3.4380
ROCnROLL:	1
TRIX (15,9):	0.5420
Courbe Coppock:	13.39

MA7:	19.226
MA20:	18.746
MA50:	16.936
MA100:	15.677
MAexp7:	19.646
MAexp20:	18.806
MAexp50:	17.545
MAexp100:	16.833
Price / MA7:	+8.71%
Price / MA20:	+11.49%
Price / MA50:	+23.41%
Price / MA100:	+33.32%
Price / MAexp7:	+6.38%
Price / MAexp20:	+11.13%
Price / MAexp50:	+19.12%
Price / MAexp100:	+24.16%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on FAURECIA. 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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