LOGIC INSTRUMENT - Weekly - Technical analysis published on 05/03/2024 (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
28%
28%
44%
My opinion
Bullish above 1.052 EUR
My targets
1.230 EUR (+6.03%)
1.430 EUR (+23.28%)
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 1.052 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 1.430 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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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 LOGIC INSTRUMENT rating is 1.160 EUR. The price registered an increase of +1.75% over 5 days with the lowest point at 1.100 EUR and the highest point at 1.180 EUR. The deviation from the price is +5.45% for the low point and -1.69% for the high point.1.100
1.180
1.160
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Weekly of this LOGIC INSTRUMENT chart shows a strongly 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.292 | 0.567 | 0.950 | 1.160 | 1.230 | 1.430 | 2.790 |
| Change (%) | -74.83% | -51.12% | -18.10% | - | +6.03% | +23.28% | +140.52% |
| Change | -0.868 | -0.593 | -0.210 | - | +0.070 | +0.270 | +1.630 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | 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 | 1.087 | 1.108 | 1.137 | 1.158 | 1.187 | 1.208 | 1.237 |
| Camarilla | 1.151 | 1.156 | 1.160 | 1.165 | 1.170 | 1.174 | 1.179 |
| Woodie | 1.090 | 1.110 | 1.140 | 1.160 | 1.190 | 1.210 | 1.240 |
| Fibonacci | 1.108 | 1.127 | 1.139 | 1.158 | 1.177 | 1.189 | 1.208 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.960 | 1.020 | 1.080 | 1.140 | 1.200 | 1.260 | 1.320 |
| Camarilla | 1.107 | 1.118 | 1.129 | 1.140 | 1.151 | 1.162 | 1.173 |
| Woodie | 0.960 | 1.020 | 1.080 | 1.140 | 1.200 | 1.260 | 1.320 |
| Fibonacci | 1.020 | 1.066 | 1.094 | 1.140 | 1.186 | 1.214 | 1.260 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.767 | 0.923 | 1.052 | 1.208 | 1.337 | 1.493 | 1.622 |
| Camarilla | 1.102 | 1.128 | 1.154 | 1.180 | 1.206 | 1.232 | 1.258 |
| Woodie | 0.753 | 0.916 | 1.038 | 1.201 | 1.323 | 1.486 | 1.608 |
| Fibonacci | 0.923 | 1.032 | 1.100 | 1.208 | 1.317 | 1.385 | 1.493 |
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): | 60.40 | |
| MACD (12,26,9): | 0.1550 | |
| Directional Movement: | 21.192 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 1.231 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.424 | |
| Elder Ray (13): | 0.036 | |
| Super Trend (3,10): | 0.911 | |
| Zig ZAG (10): | 1.160 | |
| VORTEX (21): | 1.1290 | |
| Stochastique (14,3,5): | 52.43 | |
| TEMA (21): | 1.274 | |
| Williams %R (14): | -50.89 | |
| Chande Momentum Oscillator (20): | 0.222 | |
| Repulse (5,40,3): | 1.1110 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.3520 | |
| Courbe Coppock: | 119.73 |
| MA7: | 1.154 | |
| MA20: | 1.173 | |
| MA50: | 1.194 | |
| MA100: | 0.978 | |
| MAexp7: | 1.156 | |
| MAexp20: | 1.023 | |
| MAexp50: | 0.784 | |
| MAexp100: | 0.626 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | -1.11% | |
| Price / MA50: | -2.85% | |
| Price / MA100: | +18.61% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +13.39% | |
| Price / MAexp50: | +47.96% | |
| Price / MAexp100: | +85.30% |
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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