LOGIC INSTRUMENT - Weekly - Technical analysis published on 04/02/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.152 EUR
My targets
1.230 EUR (+4.24%)
1.685 EUR (+42.82%)
My analysis
LOGIC INSTRUMENT 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 1.152 EUR. The next resistance located at 1.230 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 1.685 EUR. After this resistance, buyers could then target 2.790 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, 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
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.
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Additional analysis
Quotes
The LOGIC INSTRUMENT rating is 1.180 EUR. and was traded between - EUR and - EUR over the period. The price is currently at - from its lowest point and - from its highest point.-
-
1.180
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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:
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 market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Weekly
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 2
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.492 | 0.567 | 0.619 | 1.180 | 1.230 | 2.790 | 3.800 |
| Change (%) | -58.31% | -51.95% | -47.54% | - | +4.24% | +136.44% | +222.03% |
| Change | -0.688 | -0.613 | -0.561 | - | +0.050 | +1.610 | +2.620 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.860 | 0.910 | 0.975 | 1.025 | 1.090 | 1.140 | 1.205 |
| Camarilla | 1.008 | 1.019 | 1.030 | 1.040 | 1.051 | 1.061 | 1.072 |
| Woodie | 0.868 | 0.914 | 0.983 | 1.029 | 1.098 | 1.144 | 1.213 |
| Fibonacci | 0.910 | 0.954 | 0.981 | 1.025 | 1.069 | 1.096 | 1.140 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.823 | 0.883 | 0.961 | 1.021 | 1.099 | 1.159 | 1.237 |
| Camarilla | 1.002 | 1.015 | 1.027 | 1.040 | 1.053 | 1.065 | 1.078 |
| Woodie | 0.833 | 0.888 | 0.971 | 1.026 | 1.109 | 1.164 | 1.247 |
| Fibonacci | 0.883 | 0.935 | 0.968 | 1.021 | 1.073 | 1.106 | 1.159 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.297 | 0.619 | 0.830 | 1.152 | 1.363 | 1.685 | 1.896 |
| Camarilla | 0.893 | 0.942 | 0.991 | 1.040 | 1.089 | 1.138 | 1.187 |
| Woodie | 0.241 | 0.591 | 0.774 | 1.124 | 1.307 | 1.657 | 1.840 |
| Fibonacci | 0.619 | 0.823 | 0.949 | 1.152 | 1.356 | 1.482 | 1.685 |
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): | 63.57 | |
| MACD (12,26,9): | 0.1780 | |
| Directional Movement: | 24.928 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 1.172 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.464 | |
| Elder Ray (13): | 0.115 | |
| Super Trend (3,10): | 0.911 | |
| Zig ZAG (10): | 1.180 | |
| VORTEX (21): | 1.1470 | |
| Stochastique (14,3,5): | 60.18 | |
| TEMA (21): | 1.258 | |
| Williams %R (14): | -32.24 | |
| Chande Momentum Oscillator (20): | 0.290 | |
| Repulse (5,40,3): | -3.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.6610 | |
| Courbe Coppock: | 200.67 |
| MA7: | 1.051 | |
| MA20: | 1.222 | |
| MA50: | 1.077 | |
| MA100: | 0.838 | |
| MAexp7: | 1.134 | |
| MAexp20: | 0.948 | |
| MAexp50: | 0.716 | |
| MAexp100: | 0.580 | |
| Price / MA7: | +12.27% | |
| Price / MA20: | -3.44% | |
| Price / MA50: | +9.56% | |
| Price / MA100: | +40.81% | |
| Price / MAexp7: | +4.06% | |
| Price / MAexp20: | +24.47% | |
| Price / MAexp50: | +64.80% | |
| Price / MAexp100: | +103.45% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on LOGIC INSTRUMENT at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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