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AFYREN
AFYREN
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALAFY
ISIN: FR0014005AC9

AFYREN - 1H - Technical analysis published on 03/20/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.725 EUR
My targets
1.791 EUR (+1.76%)
1.880 EUR (+6.82%)
My analysis
AFYREN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.725 EUR. The next resistance located at 1.791 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.880 EUR. After this resistance, buyers could then target 2.970 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
0
10
7.9

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.

pierrott
This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

AFYREN rating 1.760 EUR. The price has increased by +15.41% since the last closing and was between 1.560 EUR and 1.790 EUR. This implies that the price is at +12.82% from its lowest and at -1.68% from its highest.

1.560
1.790
1.760

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on AFYREN were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of AFYREN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Black line without upper shadow

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.505 1.600 1.725 1.760 1.791 1.880 2.970
Change (%) -14.49% -9.09% -1.99% - +1.76% +6.82% +68.75%
Change -0.255 -0.160 -0.035 - +0.031 +0.120 +1.210
Level Major Minor Intermediate - Minor Intermediate 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
Standard1.3001.3751.4501.5251.6001.6751.750
Camarilla1.4841.4981.5111.5251.5391.5531.566
Woodie1.3001.3751.4501.5251.6001.6751.750
Fibonacci1.3751.4321.4681.5251.5821.6181.675


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.2151.3101.3701.4651.5251.6201.680
Camarilla1.3871.4021.4161.4301.4441.4581.473
Woodie1.1981.3011.3531.4561.5081.6111.663
Fibonacci1.3101.3691.4061.4651.5241.5611.620


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.7551.1301.3801.7552.0052.3802.630
Camarilla1.4581.5151.5731.6301.6871.7451.802
Woodie0.6931.0991.3181.7241.9432.3492.568
Fibonacci1.1301.3691.5161.7551.9942.1412.380

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): 85.72
MACD (12,26,9): 0.0660
Directional Movement: 41.562
AROON (14): 92.857
DEMA (21): 1.671
Parabolic SAR (0,02-0,02-0,2): 1.625
Elder Ray (13): 0.090
Super Trend (3,10): 1.595
Zig ZAG (10): 1.720
VORTEX (21): 1.2050
Stochastique (14,3,5): 76.56
TEMA (21): 1.722
Williams %R (14): -21.88
Chande Momentum Oscillator (20): 0.240
Repulse (5,40,3): -1.9950
ROCnROLL: 1
TRIX (15,9): 0.4760
Courbe Coppock: 30.55
MA7: 1.501
MA20: 1.573
MA50: 1.784
MA100: 2.150
MAexp7: 1.688
MAexp20: 1.577
MAexp50: 1.522
MAexp100: 1.531
Price / MA7: +17.26%
Price / MA20: +11.89%
Price / MA50: -1.35%
Price / MA100: -18.14%
Price / MAexp7: +4.27%
Price / MAexp20: +11.60%
Price / MAexp50: +15.64%
Price / MAexp100: +14.96%

Quotes : - 15 min delayed data - Euronext Paris

News


The last news published on AFYREN at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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