NOVACYT - 1H - Technical analysis published on 08/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.342 EUR
My targets
1.555 EUR (+3.10%)
1.961 EUR (+30.06%)
My analysis
The bullish trend is currently very strong on NOVACYT. As long as the price remains above the support at 1.342 EUR, you could try to benefit from the boom. The first bullish objective is located at 1.555 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.961 EUR as an objective. Crossing it would then enable buyers to target 4.024 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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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 NOVACYT price is 1.508 EUR. The price registered an increase of +33.45% on the session and was between 1.170 EUR and 1.590 EUR. This implies that the price is at +28.89% from its lowest and at -5.16% from its highest.1.170
1.590
1.508
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on NOVACYT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of NOVACYT indicates that the overall trend is strongly bullish. 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, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 90
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.711 | 0.770 | 0.840 | 1.508 | 4.024 | 5.031 | 6.990 |
| Change (%) | -52.86% | -48.94% | -44.31% | - | +166.84% | +233.65% | +363.53% |
| Change | -0.797 | -0.738 | -0.668 | - | +2.516 | +3.523 | +5.482 |
| Level | Minor | Minor | Intermediate | - | Minor | 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 | 0.478 | 0.615 | 0.873 | 1.010 | 1.268 | 1.405 | 1.663 |
| Camarilla | 1.021 | 1.058 | 1.094 | 1.130 | 1.166 | 1.202 | 1.239 |
| Woodie | 0.538 | 0.645 | 0.933 | 1.040 | 1.328 | 1.435 | 1.723 |
| Fibonacci | 0.615 | 0.766 | 0.859 | 1.010 | 1.161 | 1.254 | 1.405 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.104 | 0.317 | 0.723 | 0.936 | 1.342 | 1.555 | 1.961 |
| Camarilla | 0.960 | 1.017 | 1.073 | 1.130 | 1.187 | 1.244 | 1.300 |
| Woodie | 0.202 | 0.365 | 0.821 | 0.984 | 1.440 | 1.603 | 2.059 |
| Fibonacci | 0.317 | 0.553 | 0.699 | 0.936 | 1.172 | 1.318 | 1.555 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.324 | 0.419 | 0.480 | 0.575 | 0.636 | 0.731 | 0.792 |
| Camarilla | 0.497 | 0.511 | 0.526 | 0.540 | 0.554 | 0.569 | 0.583 |
| Woodie | 0.306 | 0.411 | 0.462 | 0.567 | 0.618 | 0.723 | 0.774 |
| Fibonacci | 0.419 | 0.479 | 0.516 | 0.575 | 0.635 | 0.672 | 0.731 |
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): | 96.62 | |
| MACD (12,26,9): | 0.2060 | |
| Directional Movement: | 53.108 | |
| AROON (14): | 100.000 | |
| DEMA (21): | 1.381 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.310 | |
| Elder Ray (13): | 0.277 | |
| Super Trend (3,10): | 1.207 | |
| Zig ZAG (10): | 1.524 | |
| VORTEX (21): | 1.3480 | |
| Stochastique (14,3,5): | 91.58 | |
| TEMA (21): | 1.478 | |
| Williams %R (14): | -16.49 | |
| Chande Momentum Oscillator (20): | 0.541 | |
| Repulse (5,40,3): | 3.7670 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.0150 | |
| Courbe Coppock: | 136.27 |
| MA7: | 0.809 | |
| MA20: | 0.640 | |
| MA50: | 0.600 | |
| MA100: | 0.657 | |
| MAexp7: | 1.370 | |
| MAexp20: | 1.130 | |
| MAexp50: | 0.881 | |
| MAexp100: | 0.740 | |
| Price / MA7: | +86.40% | |
| Price / MA20: | +135.63% | |
| Price / MA50: | +151.33% | |
| Price / MA100: | +129.53% | |
| Price / MAexp7: | +10.07% | |
| Price / MAexp20: | +33.45% | |
| Price / MAexp50: | +71.17% | |
| Price / MAexp100: | +103.78% |
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:
- Novacyt S.A. ("Novacyt", the "Company" or the "Group"): DHSC Claim Update – Trial Date Listed
- Novacyt S.A. ("Novacyt", the "Company" or the "Group") Full Year 2022 Trading Update
- Novacyt S.A. ("Novacyt", the "Company" or the "Group"): Non-Executive Director Change
- Novacyt S.A. ("Novacyt", the "Company" or the "Group"): Approval of genesig® COVID-19 3G PCR Test in the UK Under CTDA Legislation
- Novacyt S.A. ("Novacyt", the "Company" or the "Group"): Directorate Change
This member declared not having a position on this financial instrument or a related financial instrument.
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