NOVACYT

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ALNOV
ISIN:	FR0010397232

NOVACYT - Daily - Technical analysis published on 04/17/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 0.705 EUR

My targets

0.757 EUR (+2.67%)

0.830 EUR (+12.62%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on NOVACYT. This is a positive signal for buyers. As long as the price remains above 0.705 EUR, a purchase could be considered. The first bullish objective is located at 0.757 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.830 EUR as an objective. Crossing it would then enable buyers to target 0.949 EUR. In the event of a return below 0.705 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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

7.7

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

The NOVACYT price is 0.737 EUR. The price has increased by +16.98% since the last closing and was between 0.631 EUR and 0.754 EUR. This implies that the price is at +16.80% from its lowest and at -2.25% from its highest.

0.631

0.754

0.737

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NOVACYT chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This 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 100

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.590	0.652	0.705	0.737	0.830	0.949	1.730
Change (%)	-19.95%	-11.53%	-4.34%	-	+12.62%	+28.77%	+134.74%
Change	-0.147	-0.085	-0.032	-	+0.093	+0.212	+0.993
Level	Minor	Minor	Minor	-	Intermediate	Major	Minor

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	0.507	0.555	0.593	0.641	0.679	0.727	0.765
Camarilla	0.606	0.614	0.622	0.630	0.638	0.646	0.654
Woodie	0.501	0.553	0.587	0.639	0.673	0.725	0.759
Fibonacci	0.555	0.588	0.609	0.641	0.674	0.695	0.727

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.412	0.460	0.527	0.575	0.642	0.690	0.757
Camarilla	0.561	0.572	0.583	0.593	0.604	0.614	0.625
Woodie	0.421	0.465	0.536	0.580	0.651	0.695	0.766
Fibonacci	0.460	0.504	0.531	0.575	0.619	0.646	0.690

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.440	0.466	0.492	0.518	0.544	0.570	0.596
Camarilla	0.503	0.508	0.512	0.517	0.522	0.527	0.531
Woodie	0.439	0.466	0.491	0.518	0.543	0.570	0.595
Fibonacci	0.466	0.486	0.499	0.518	0.538	0.551	0.570

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):	76.77
MACD (12,26,9):	0.0320
Directional Movement:	33.795
AROON (14):	92.857
DEMA (21):	0.614
Parabolic SAR (0,02-0,02-0,2):	0.528
Elder Ray (13):	0.091
Super Trend (3,10):	0.552
Zig ZAG (10):	0.730
VORTEX (21):	1.1490
Stochastique (14,3,5):	85.10
TEMA (21):	0.652
Williams %R (14):	-9.64
Chande Momentum Oscillator (20):	0.213
Repulse (5,40,3):	13.8640
ROCnROLL:	1
TRIX (15,9):	0.3460
Courbe Coppock:	43.25

MA7:	0.628
MA20:	0.558
MA50:	0.548
MA100:	0.613
MAexp7:	0.636
MAexp20:	0.581
MAexp50:	0.569
MAexp100:	0.587
Price / MA7:	+17.36%
Price / MA20:	+32.08%
Price / MA50:	+34.49%
Price / MA100:	+20.23%
Price / MAexp7:	+15.88%
Price / MAexp20:	+26.85%
Price / MAexp50:	+29.53%
Price / MAexp100:	+25.55%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on NOVACYT 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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