BIOTECHNOLOGY - Daily - Technical analysis published on 12/20/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.2400 EUR
My targets
0.2797 EUR (+9.67%)
0.3107 EUR (+21.84%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.2400 EUR remains possible. It is advisable to trade BIOTECHNOLOGY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.2400 EUR. The next bullish objective for buyers is set at 0.2797 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.3107 EUR. If there is any crossing, the next objective would be the resistance located at 0.3410 EUR. PS: if there is a bearish break in the support located at 0.2400 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.1
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Additional analysis
Quotes
The BIOTECHNOLOGY price is 0.2550 EUR. The price has increased by +7.37% since the last closing and was traded between 0.2390 EUR and 0.2700 EUR over the period. The price is currently at +6.69% from its lowest and -5.56% from its highest.0.2390
0.2700
0.2550
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BIOTECHNOLOGY:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this BIOTECHNOLOGY chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.1725 | 0.1993 | 0.2400 | 0.2550 | 0.3107 | 0.3410 | 0.3790 |
Change (%) | -32.35% | -21.84% | -5.88% | - | +21.84% | +33.73% | +48.63% |
Change | -0.0825 | -0.0557 | -0.0150 | - | +0.0557 | +0.0860 | +0.1240 |
Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.2013 | 0.2122 | 0.2248 | 0.2357 | 0.2483 | 0.2592 | 0.2718 |
Camarilla | 0.2310 | 0.2332 | 0.2354 | 0.2375 | 0.2397 | 0.2418 | 0.2440 |
Woodie | 0.2023 | 0.2126 | 0.2258 | 0.2361 | 0.2493 | 0.2596 | 0.2728 |
Fibonacci | 0.2122 | 0.2211 | 0.2267 | 0.2357 | 0.2446 | 0.2502 | 0.2592 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.1597 | 0.1993 | 0.2197 | 0.2593 | 0.2797 | 0.3193 | 0.3397 |
Camarilla | 0.2235 | 0.2290 | 0.2345 | 0.2400 | 0.2455 | 0.2510 | 0.2565 |
Woodie | 0.1500 | 0.1945 | 0.2100 | 0.2545 | 0.2700 | 0.3145 | 0.3300 |
Fibonacci | 0.1993 | 0.2223 | 0.2364 | 0.2593 | 0.2823 | 0.2964 | 0.3193 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.0607 | 0.0487 | 0.1703 | 0.2797 | 0.4013 | 0.5107 | 0.6323 |
Camarilla | 0.2285 | 0.2497 | 0.2708 | 0.2920 | 0.3132 | 0.3344 | 0.3555 |
Woodie | -0.0545 | 0.0518 | 0.1765 | 0.2828 | 0.4075 | 0.5138 | 0.6385 |
Fibonacci | 0.0487 | 0.1369 | 0.1914 | 0.2797 | 0.3679 | 0.4224 | 0.5107 |
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): | 46.85 | |
MACD (12,26,9): | -0.0004 | |
Directional Movement: | 9.2490 | |
AROON (14): | -78.5714 | |
DEMA (21): | 0.2763 | |
Parabolic SAR (0,02-0,02-0,2): | 0.3067 | |
Elder Ray (13): | -0.0135 | |
Super Trend (3,10): | 0.2239 | |
Zig ZAG (10): | 0.2550 | |
VORTEX (21): | 0.9315 | |
Stochastique (14,3,5): | 12.48 | |
TEMA (21): | 0.2556 | |
Williams %R (14): | -74.80 | |
Chande Momentum Oscillator (20): | -0.0670 | |
Repulse (5,40,3): | -3.0877 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.5924 | |
Courbe Coppock: | 29.63 |
MA7: | 0.2568 | |
MA20: | 0.2896 | |
MA50: | 0.2406 | |
MA100: | 0.1955 | |
MAexp7: | 0.2581 | |
MAexp20: | 0.2702 | |
MAexp50: | 0.2468 | |
MAexp100: | 0.2321 | |
Price / MA7: | -0.70% | |
Price / MA20: | -11.95% | |
Price / MA50: | +5.99% | |
Price / MA100: | +30.43% | |
Price / MAexp7: | -1.20% | |
Price / MAexp20: | -5.63% | |
Price / MAexp50: | +3.32% | |
Price / MAexp100: | +9.87% |
Quotes :
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15 min delayed data
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Spain Stocks
News
The last news published on BIOTECHNOLOGY at the time of the generation of this analysis was as follows:
- Love Pharma Sells Microdoz, Increases Focus on Biotechnology
- MAIA Biotechnology Expands Phase 2 THIO-101 Trial to Europe
- In a New Audio Interview, Toni Loudenbeck of Traders News Source Interviews Dr. Frank Bedu-Addo, CEO PDS Biotechnology Corporation
- LIXTE Biotechnology Holdings to Present at Planet MicroCap Showcase: VIRTUAL 2022 Investor Conference
- MAIA Biotechnology Announces Establishment of Rule 10b5-1 Trading Plan
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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