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BIOTECHNOLOGY
BIOTECHNOLOGY
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: BST
ISIN: ES0184980003

BIOTECHNOLOGY - 1H - Technical analysis published on 05/04/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.356 EUR
My targets
0.388 EUR (+8.08%)
0.406 EUR (+13.09%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BIOTECHNOLOGY as long as the price remains well above 0.356 EUR. The buyers' bullish objective is set at 0.388 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.406 EUR. If there is any crossing, the next objective would be the resistance located at 0.430 EUR.

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
4.5

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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Daily Weekly

Additional analysis

Quotes

The BIOTECHNOLOGY price is 0.359 EUR. The price has increased by +6.53% since the last closing and was traded between 0.320 EUR and 0.360 EUR over the period. The price is currently at +12.19% from its lowest and -0.28% from its highest.

0.320
0.360
0.359

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of BIOTECHNOLOGY indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near horizontal support

Type : Bullish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Central Candlesticks

White line without lower shadow

Type : Bullish

Timeframe : 1 hour


White marubozu

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.299 0.325 0.356 0.359 0.430 0.466 0.506
Change (%) -16.71% -9.47% -0.84% - +19.78% +29.81% +40.95%
Change -0.060 -0.034 -0.003 - +0.071 +0.107 +0.147
Level Major Major Major - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2810.2920.3150.3260.3490.3600.383
Camarilla0.3280.3310.3340.3370.3400.3430.346
Woodie0.2860.2950.3200.3290.3540.3630.388
Fibonacci0.2920.3050.3130.3260.3390.3470.360


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2680.2960.3140.3420.3600.3880.406
Camarilla0.3190.3240.3280.3320.3360.3400.345
Woodie0.2630.2940.3090.3400.3550.3860.401
Fibonacci0.2960.3140.3240.3420.3600.3700.388


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0410.1830.2570.3990.4730.6150.689
Camarilla0.2730.2920.3120.3320.3520.3720.391
Woodie0.0080.1660.2240.3820.4400.5980.656
Fibonacci0.1830.2650.3160.3990.4810.5320.615

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): 65.43
MACD (12,26,9): 0.0010
Directional Movement: 17.656
AROON (14): 100.000
DEMA (21): 0.330
Parabolic SAR (0,02-0,02-0,2): 0.309
Elder Ray (13): 0.015
Super Trend (3,10): 0.313
Zig ZAG (10): 0.360
VORTEX (21): 0.9200
Stochastique (14,3,5): 91.68
TEMA (21): 0.336
Williams %R (14): -2.00
Chande Momentum Oscillator (20): 0.042
Repulse (5,40,3): 12.0480
ROCnROLL: 1
TRIX (15,9): -0.1290
Courbe Coppock: 6.87
MA7: 0.339
MA20: 0.391
MA50: 0.404
MA100: 0.331
MAexp7: 0.337
MAexp20: 0.332
MAexp50: 0.337
MAexp100: 0.353
Price / MA7: +5.90%
Price / MA20: -8.18%
Price / MA50: -11.14%
Price / MA100: +8.46%
Price / MAexp7: +6.53%
Price / MAexp20: +8.13%
Price / MAexp50: +6.53%
Price / MAexp100: +1.70%

Quotes : - 15 min delayed data - Spain Stocks

News


The last news published on BIOTECHNOLOGY at the time of the generation of this analysis was as follows:

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

About author

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