AFYREN - 1H - Technical analysis published on 02/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 1.866 EUR
My targets
1.683 EUR (-5.70%)
1.600 EUR (-10.36%)
My analysis
The basic trend is bearish on AFYREN and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 1.866 EUR. Buyers would then use the next resistance located at 1.953 EUR as an objective. Crossing it would then enable buyers to target 2.098 EUR. If there is a return to below the support located at 1.683 EUR, this would be a sign of a reversal in the basic bearish trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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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 AFYREN price is 1.785 EUR. On the day, this instrument gained +18.61% with the lowest point at 1.560 EUR and the highest point at 1.785 EUR. The deviation from the price is +14.42% for the low point and 0% for the high point.1.560
1.785
1.785
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of AFYREN indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.600 | 1.785 | 1.866 | 2.098 | 2.150 |
| Change (%) | -10.36% | - | +4.54% | +17.54% | +20.45% |
| Change | -0.185 | - | +0.081 | +0.313 | +0.365 |
| Level | Minor | - | Major | Minor | Minor |
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 | 1.410 | 1.485 | 1.635 | 1.710 | 1.860 | 1.935 | 2.085 |
| Camarilla | 1.723 | 1.744 | 1.764 | 1.785 | 1.806 | 1.826 | 1.847 |
| Woodie | 1.448 | 1.504 | 1.673 | 1.729 | 1.898 | 1.954 | 2.123 |
| Fibonacci | 1.485 | 1.571 | 1.624 | 1.710 | 1.796 | 1.849 | 1.935 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.507 | 1.683 | 1.777 | 1.953 | 2.047 | 2.223 | 2.317 |
| Camarilla | 1.796 | 1.821 | 1.845 | 1.870 | 1.895 | 1.920 | 1.944 |
| Woodie | 1.465 | 1.663 | 1.735 | 1.933 | 2.005 | 2.203 | 2.275 |
| Fibonacci | 1.683 | 1.787 | 1.850 | 1.953 | 2.057 | 2.120 | 2.223 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.047 | 1.428 | 1.707 | 2.088 | 2.367 | 2.748 | 3.027 |
| Camarilla | 1.804 | 1.864 | 1.925 | 1.985 | 2.046 | 2.106 | 2.167 |
| Woodie | 0.995 | 1.403 | 1.655 | 2.063 | 2.315 | 2.723 | 2.975 |
| Fibonacci | 1.428 | 1.681 | 1.836 | 2.088 | 2.341 | 2.496 | 2.748 |
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): | 57.24 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 6.256 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 1.664 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.580 | |
| Elder Ray (13): | 0.069 | |
| Super Trend (3,10): | 1.596 | |
| Zig ZAG (10): | 1.785 | |
| VORTEX (21): | 0.8720 | |
| Stochastique (14,3,5): | 98.15 | |
| TEMA (21): | 1.694 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.145 | |
| Repulse (5,40,3): | 6.1940 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4410 | |
| Courbe Coppock: | 3.11 |
| MA7: | 1.827 | |
| MA20: | 1.959 | |
| MA50: | 2.041 | |
| MA100: | 2.796 | |
| MAexp7: | 1.722 | |
| MAexp20: | 1.706 | |
| MAexp50: | 1.783 | |
| MAexp100: | 1.867 | |
| Price / MA7: | -2.30% | |
| Price / MA20: | -8.88% | |
| Price / MA50: | -12.54% | |
| Price / MA100: | -36.16% | |
| Price / MAexp7: | +3.66% | |
| Price / MAexp20: | +4.63% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | -4.39% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on AFYREN. At the time of publication of this analysis, the latest news was as follows:
- AFYREN Announces Its 2023 Half-Year Financial Results
- AFYREN’s Shareholders Approve the Resolutions Proposed at 2023 Annual General Meeting
- Production Operations at AFYREN NEOXY Plant Make Significant Progress, With First Lots Delivered
- AFYREN: Availability of preparatory documents for the Combined General Meeting on June 21, 2023
- AFYREN Launches a Share Buyback Program
This member declared not having a position on this financial instrument or a related financial instrument.
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