SOITEC

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SOI
ISIN:	FR0013227113

SOITEC - Daily - Technical analysis published on 07/11/2023 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 148.45 EUR

My targets

161.40 EUR (+4.67%)

168.65 EUR (+9.37%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOITEC as long as the price remains well above 148.45 EUR. The buyers' bullish objective is set at 161.40 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 168.65 EUR. If there is any crossing, the next objective would be the resistance located at 212.40 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.3

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SOITEC price is 154.20 EUR. The price has increased by +3.35% since the last closing and was traded between 150.70 EUR and 154.95 EUR over the period. The price is currently at +2.32% from its lowest and -0.48% from its highest.

150.70

154.95

154.20

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand 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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of SOITEC indicates that the overall trend is strongly bullish. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	142.93	148.45	153.46	154.20	161.40	168.65	212.40
Change (%)	-7.31%	-3.73%	-0.48%	-	+4.67%	+9.37%	+37.74%
Change	-11.27	-5.75	-0.74	-	+7.20	+14.45	+58.20
Level	Major	Minor	Major	-	Minor	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	145.87	146.63	147.92	148.68	149.97	150.73	152.02
Camarilla	148.64	148.82	149.01	149.20	149.39	149.58	149.76
Woodie	146.13	146.76	148.18	148.81	150.23	150.86	152.28
Fibonacci	146.63	147.42	147.90	148.68	149.47	149.95	150.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	134.15	140.40	145.05	151.30	155.95	162.20	166.85
Camarilla	146.70	147.70	148.70	149.70	150.70	151.70	152.70
Woodie	133.35	140.00	144.25	150.90	155.15	161.80	166.05
Fibonacci	140.40	144.56	147.14	151.30	155.46	158.04	162.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	111.88	120.72	137.83	146.67	163.78	172.62	189.73
Camarilla	147.81	150.19	152.57	154.95	157.33	159.71	162.09
Woodie	116.03	122.79	141.98	148.74	167.93	174.69	193.88
Fibonacci	120.72	130.63	136.75	146.67	156.58	162.70	172.62

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):	60.75
MACD (12,26,9):	3.4100
Directional Movement:	7.61
AROON (14):	42.85
DEMA (21):	153.12
Parabolic SAR (0,02-0,02-0,2):	145.29
Elder Ray (13):	2.57
Super Trend (3,10):	142.20
Zig ZAG (10):	154.30
VORTEX (21):	1.0200
Stochastique (14,3,5):	65.42
TEMA (21):	154.23
Williams %R (14):	-17.33
Chande Momentum Oscillator (20):	13.55
Repulse (5,40,3):	2.9500
ROCnROLL:	1
TRIX (15,9):	0.4000
Courbe Coppock:	7.24

MA7:	152.42
MA20:	149.45
MA50:	139.14
MA100:	141.40
MAexp7:	151.45
MAexp20:	148.48
MAexp50:	143.92
MAexp100:	142.64
Price / MA7:	+1.17%
Price / MA20:	+3.18%
Price / MA50:	+10.82%
Price / MA100:	+9.05%
Price / MAexp7:	+1.82%
Price / MAexp20:	+3.85%
Price / MAexp50:	+7.14%
Price / MAexp100:	+8.10%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on SOITEC. At the time of publication of this analysis, the latest news was as follows:

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

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