LOGIC INSTRUMENT

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ALLOG
ISIN:	FR0000044943

LOGIC INSTRUMENT - Weekly - Technical analysis published on 04/04/2024 (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

78%

17%

My opinion

Bullish above 1.230 EUR

My targets

1.363 EUR (+4.82%)

1.685 EUR (+29.64%)

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 1.230 EUR. The buyers' bullish objective is set at 1.363 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.685 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

8.4

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

Additional analysis

Quotes

LOGIC INSTRUMENT rating 1.300 EUR. The price is up +25.00% over 5 days and has been traded over the last 5 days between 1.080 EUR and 1.365 EUR. This implies that the 5 day price is +20.37% from its lowest point and -4.76% from its highest point.

1.080

1.365

1.300

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of LOGIC INSTRUMENT in Weekly 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Weekly

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.567	0.619	1.230	1.300	2.790	3.800	5.868
Change (%)	-56.38%	-52.38%	-5.38%	-	+114.62%	+192.31%	+351.38%
Change	-0.733	-0.681	-0.070	-	+1.490	+2.500	+4.568
Level	Intermediate	Major	Major	-	Intermediate	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
Standard	1.067	1.113	1.197	1.243	1.327	1.373	1.457
Camarilla	1.244	1.256	1.268	1.280	1.292	1.304	1.316
Woodie	1.085	1.123	1.215	1.253	1.345	1.383	1.475
Fibonacci	1.113	1.163	1.194	1.243	1.293	1.324	1.373

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):	66.83
MACD (12,26,9):	0.1880
Directional Movement:	28.981
AROON (14):	71.429
DEMA (21):	1.193
Parabolic SAR (0,02-0,02-0,2):	1.464
Elder Ray (13):	0.161
Super Trend (3,10):	0.911
Zig ZAG (10):	1.300
VORTEX (21):	1.1410
Stochastique (14,3,5):	64.55
TEMA (21):	1.287
Williams %R (14):	-19.13
Chande Momentum Oscillator (20):	0.410
Repulse (5,40,3):	7.7620
ROCnROLL:	1
TRIX (15,9):	3.6980
Courbe Coppock:	207.43

MA7:	1.101
MA20:	1.218
MA50:	1.097
MA100:	0.853
MAexp7:	1.164
MAexp20:	0.960
MAexp50:	0.721
MAexp100:	0.582
Price / MA7:	+18.07%
Price / MA20:	+6.73%
Price / MA50:	+18.51%
Price / MA100:	+52.40%
Price / MAexp7:	+11.68%
Price / MAexp20:	+35.42%
Price / MAexp50:	+80.31%
Price / MAexp100:	+123.37%

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:

Logic Instrument secures a flexible bond financing of up to EURO 2 Million over three years

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

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