RUBIS - Weekly - Technical analysis published on 12/08/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 27.78 EUR
My targets
21.91 EUR (-14.48%)
16.87 EUR (-34.15%)
My analysis
The bearish trend is currently very strong for RUBIS. As long as the price remains below the resistance at 27.78 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 21.91 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.87 EUR as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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 LeCACdsToutCetat. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RUBIS price is 25.62 EUR. The price registered an increase of +2.73% over 5 days and has been traded over the last 5 days between 25.42 EUR and 26.14 EUR. This implies that the 5 day price is +0.79% from its lowest point and -1.99% from its highest point.25.42
26.14
25.62
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this RUBIS chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Weekly
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Weekly
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : Weekly
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 16.87 | 21.91 | 25.62 | 27.78 | 42.44 | 57.10 |
| Change (%) | -34.15% | -14.48% | - | +8.43% | +65.65% | +122.87% |
| Change | -8.75 | -3.71 | - | +2.16 | +16.82 | +31.48 |
| Level | Intermediate | Minor | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.69 | 25.09 | 25.35 | 25.75 | 26.01 | 26.41 | 26.67 |
| Camarilla | 25.44 | 25.50 | 25.56 | 25.62 | 25.68 | 25.74 | 25.80 |
| Woodie | 24.63 | 25.06 | 25.29 | 25.72 | 25.95 | 26.38 | 26.61 |
| Fibonacci | 25.09 | 25.34 | 25.50 | 25.75 | 26.00 | 26.16 | 26.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.20 | 23.67 | 24.53 | 25.00 | 25.86 | 26.33 | 27.19 |
| Camarilla | 25.02 | 25.15 | 25.27 | 25.39 | 25.51 | 25.63 | 25.76 |
| Woodie | 23.40 | 23.77 | 24.73 | 25.10 | 26.06 | 26.43 | 27.39 |
| Fibonacci | 23.67 | 24.18 | 24.49 | 25.00 | 25.51 | 25.82 | 26.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.81 | 20.97 | 22.63 | 25.79 | 27.45 | 30.61 | 32.27 |
| Camarilla | 22.96 | 23.40 | 23.84 | 24.28 | 24.72 | 25.16 | 25.61 |
| Woodie | 17.05 | 20.60 | 21.87 | 25.42 | 26.69 | 30.24 | 31.51 |
| Fibonacci | 20.97 | 22.82 | 23.95 | 25.79 | 27.64 | 28.77 | 30.61 |
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): | 27.57 | |
| MACD (12,26,9): | -2.5700 | |
| Directional Movement: | -28.08 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 26.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.46 | |
| Elder Ray (13): | -2.15 | |
| Super Trend (3,10): | 29.31 | |
| Zig ZAG (10): | 25.62 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 11.68 | |
| TEMA (21): | 24.83 | |
| Williams %R (14): | -83.72 | |
| Chande Momentum Oscillator (20): | -4.24 | |
| Repulse (5,40,3): | -4.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9800 | |
| Courbe Coppock: | 36.21 |
| MA7: | 25.15 | |
| MA20: | 26.35 | |
| MA50: | 27.84 | |
| MA100: | 30.10 | |
| MAexp7: | 26.55 | |
| MAexp20: | 29.33 | |
| MAexp50: | 32.77 | |
| MAexp100: | 35.81 | |
| Price / MA7: | +1.87% | |
| Price / MA20: | -2.77% | |
| Price / MA50: | -7.97% | |
| Price / MA100: | -14.88% | |
| Price / MAexp7: | -3.50% | |
| Price / MAexp20: | -12.65% | |
| Price / MAexp50: | -21.82% | |
| Price / MAexp100: | -28.46% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on RUBIS at the time of the generation of this analysis was as follows:
- RUBIS: Strengthening the Group's financial resources by establishing a new line of capital
- RUBIS: Q3 2021 - Volumes at pre-Covid levels robust underlying unit margins
- RUBIS: Information relating to the total number of voting rights and shares as of 10/19/2021
- RUBIS: Share capital decrease by cancellation of own shares
- RUBIS: Transactions carried out within the framework of share buyback program (excluding transactions within the liquidity agreement) - October 4 to 8, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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