ADVICENNE - Daily - Technical analysis published on 11/15/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 4.115 EUR
My targets
3.563 EUR (-8.63%)
3.300 EUR (-15.38%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.115 EUR remains possible. It is advisable to trade ADVICENNE with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.115 EUR. The next bearish objective for sellers is set at 3.563 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.300 EUR. PS: if there is a bullish break in the resistance located at 4.115 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADVICENNE rating is 3.900 EUR. The price has increased by +15.21% since the last closing and was traded between 3.370 EUR and 3.950 EUR over the period. The price is currently at +15.73% from its lowest and -1.27% from its highest.3.370
3.950
3.900
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ADVICENNE chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.300 | 3.900 | 4.115 | 5.194 | 5.711 |
| Change (%) | -15.38% | - | +5.51% | +33.18% | +46.44% |
| Change | -0.600 | - | +0.215 | +1.294 | +1.811 |
| Level | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.057 | 3.158 | 3.272 | 3.373 | 3.487 | 3.588 | 3.702 |
| Camarilla | 3.326 | 3.346 | 3.365 | 3.385 | 3.405 | 3.424 | 3.444 |
| Woodie | 3.063 | 3.161 | 3.278 | 3.376 | 3.493 | 3.591 | 3.708 |
| Fibonacci | 3.158 | 3.241 | 3.291 | 3.373 | 3.456 | 3.506 | 3.588 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.948 | 3.107 | 3.203 | 3.362 | 3.458 | 3.617 | 3.713 |
| Camarilla | 3.230 | 3.253 | 3.277 | 3.300 | 3.323 | 3.347 | 3.370 |
| Woodie | 2.918 | 3.091 | 3.173 | 3.346 | 3.428 | 3.601 | 3.683 |
| Fibonacci | 3.107 | 3.204 | 3.264 | 3.362 | 3.459 | 3.519 | 3.617 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.013 | 3.357 | 3.563 | 3.907 | 4.113 | 4.457 | 4.663 |
| Camarilla | 3.619 | 3.669 | 3.720 | 3.770 | 3.820 | 3.871 | 3.921 |
| Woodie | 2.945 | 3.323 | 3.495 | 3.873 | 4.045 | 4.423 | 4.595 |
| Fibonacci | 3.357 | 3.567 | 3.697 | 3.907 | 4.117 | 4.247 | 4.457 |
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): | 56.33 | |
| MACD (12,26,9): | -0.1880 | |
| Directional Movement: | 6.130 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 3.354 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.200 | |
| Elder Ray (13): | 0.121 | |
| Super Trend (3,10): | 3.057 | |
| Zig ZAG (10): | 3.895 | |
| VORTEX (21): | 0.7920 | |
| Stochastique (14,3,5): | 44.59 | |
| TEMA (21): | 3.398 | |
| Williams %R (14): | -7.33 | |
| Chande Momentum Oscillator (20): | 0.125 | |
| Repulse (5,40,3): | 17.1590 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.8270 | |
| Courbe Coppock: | 20.56 |
| MA7: | 3.411 | |
| MA20: | 3.615 | |
| MA50: | 4.097 | |
| MA100: | 4.807 | |
| MAexp7: | 3.511 | |
| MAexp20: | 3.629 | |
| MAexp50: | 4.059 | |
| MAexp100: | 4.581 | |
| Price / MA7: | +14.34% | |
| Price / MA20: | +7.88% | |
| Price / MA50: | -4.81% | |
| Price / MA100: | -18.87% | |
| Price / MAexp7: | +11.08% | |
| Price / MAexp20: | +7.47% | |
| Price / MAexp50: | -3.92% | |
| Price / MAexp100: | -14.87% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on ADVICENNE at the time of the analysis were as follows:
- Advicenne Announces Its Upcoming Participation in Two of the Most Important International Investor Conferences
- Advicenne Announces the Extension of the Intellectual Property of Its Drug Sibnayal®
- Advicenne Reports Its First Half Financial Results as of June 30, 2022
- Advicenne Updates on Availability of Sibnayal® to Patients and Caregivers in Great Britain
- Advicenne Announces Commercial Launch of Sibnayal® in Great Britain
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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