LOGIC INSTRUMENT - Weekly - Technical analysis published on 03/20/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.887 EUR
My targets
1.230 EUR (+6.49%)
1.431 EUR (+23.92%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LOGIC INSTRUMENT as long as the price remains well above 0.887 EUR. The buyers' bullish objective is set at 1.230 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.431 EUR. If there is any crossing, the next objective would be the resistance located at 2.790 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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
LOGIC INSTRUMENT rating 1.155 EUR. The price is lower by -8.70% over the 5 days with the lowest point at 1.070 EUR and the highest point at 1.380 EUR. The deviation from the price is +7.94% for the low point and -16.30% for the high point.1.070
1.380
1.155
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of LOGIC INSTRUMENT in Weekly shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.492 | 0.567 | 0.619 | 1.155 | 1.230 | 2.790 | 3.800 |
| Change (%) | -57.40% | -50.91% | -46.41% | - | +6.49% | +141.56% | +229.00% |
| Change | -0.663 | -0.588 | -0.536 | - | +0.075 | +1.635 | +2.645 |
| Level | Major | 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 | 0.897 | 0.983 | 1.082 | 1.168 | 1.267 | 1.353 | 1.452 |
| Camarilla | 1.129 | 1.146 | 1.163 | 1.180 | 1.197 | 1.214 | 1.231 |
| Woodie | 0.903 | 0.986 | 1.088 | 1.171 | 1.273 | 1.356 | 1.458 |
| Fibonacci | 0.983 | 1.054 | 1.098 | 1.168 | 1.239 | 1.283 | 1.353 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.045 | 1.125 | 1.250 | 1.330 | 1.455 | 1.535 | 1.660 |
| Camarilla | 1.319 | 1.337 | 1.356 | 1.375 | 1.394 | 1.413 | 1.431 |
| Woodie | 1.068 | 1.136 | 1.273 | 1.341 | 1.478 | 1.546 | 1.683 |
| Fibonacci | 1.125 | 1.203 | 1.252 | 1.330 | 1.408 | 1.457 | 1.535 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.343 | 0.600 | 0.887 | 1.144 | 1.431 | 1.688 | 1.975 |
| Camarilla | 1.025 | 1.075 | 1.125 | 1.175 | 1.225 | 1.275 | 1.325 |
| Woodie | 0.359 | 0.608 | 0.903 | 1.152 | 1.447 | 1.696 | 1.991 |
| Fibonacci | 0.600 | 0.808 | 0.936 | 1.144 | 1.352 | 1.480 | 1.688 |
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): | 64.93 | |
| MACD (12,26,9): | 0.2010 | |
| Directional Movement: | 27.431 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 1.160 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.933 | |
| Elder Ray (13): | 0.193 | |
| Super Trend (3,10): | 0.911 | |
| Zig ZAG (10): | 1.155 | |
| VORTEX (21): | 1.1670 | |
| Stochastique (14,3,5): | 83.99 | |
| TEMA (21): | 1.279 | |
| Williams %R (14): | -33.16 | |
| Chande Momentum Oscillator (20): | 0.577 | |
| Repulse (5,40,3): | -6.3860 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.6240 | |
| Courbe Coppock: | 225.52 |
| MA7: | 1.271 | |
| MA20: | 1.269 | |
| MA50: | 1.047 | |
| MA100: | 0.802 | |
| MAexp7: | 1.166 | |
| MAexp20: | 0.920 | |
| MAexp50: | 0.686 | |
| MAexp100: | 0.560 | |
| Price / MA7: | -9.13% | |
| Price / MA20: | -8.98% | |
| Price / MA50: | +10.32% | |
| Price / MA100: | +44.01% | |
| Price / MAexp7: | -0.94% | |
| Price / MAexp20: | +25.54% | |
| Price / MAexp50: | +68.37% | |
| Price / MAexp100: | +106.25% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on LOGIC INSTRUMENT. 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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