SPINEWAY - 1H - Technical analysis published on 10/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.0497 EUR
My targets
0.0573 EUR (+14.43%)
0.0647 EUR (+29.08%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SPINEWAY as long as the price remains well above 0.0497 EUR. The buyers' bullish objective is set at 0.0573 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.0647 EUR. If there is any crossing, the next objective would be the resistance located at 0.0700 EUR.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.9
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Additional analysis
Quotes
The SPINEWAY price is 0.0501 EUR. On the day, this instrument gained +19.29% and was traded between 0.0455 EUR and 0.0579 EUR over the period. The price is currently at +10.11% from its lowest and -13.47% from its highest.0.0455
0.0579
0.0501
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
Here is a more detailed summary of the historical variations registered by SPINEWAY:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SPINEWAY chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.0350 | 0.0427 | 0.0501 | 0.0700 | 0.0858 | 0.1200 |
| Change (%) | -30.14% | -14.77% | - | +39.72% | +71.26% | +139.52% |
| Change | -0.0151 | -0.0074 | - | +0.0199 | +0.0357 | +0.0699 |
| Level | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 0.0237 | 0.0293 | 0.0357 | 0.0413 | 0.0477 | 0.0533 | 0.0597 |
| Camarilla | 0.0387 | 0.0398 | 0.0409 | 0.0420 | 0.0431 | 0.0442 | 0.0453 |
| Woodie | 0.0240 | 0.0295 | 0.0360 | 0.0415 | 0.0480 | 0.0535 | 0.0600 |
| Fibonacci | 0.0293 | 0.0339 | 0.0368 | 0.0413 | 0.0459 | 0.0488 | 0.0533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0197 | 0.0273 | 0.0347 | 0.0423 | 0.0497 | 0.0573 | 0.0647 |
| Camarilla | 0.0379 | 0.0393 | 0.0406 | 0.0420 | 0.0434 | 0.0448 | 0.0461 |
| Woodie | 0.0195 | 0.0273 | 0.0345 | 0.0423 | 0.0495 | 0.0573 | 0.0645 |
| Fibonacci | 0.0273 | 0.0331 | 0.0366 | 0.0423 | 0.0481 | 0.0516 | 0.0573 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0672 | -0.0120 | 0.0185 | 0.0737 | 0.1042 | 0.1594 | 0.1899 |
| Camarilla | 0.0255 | 0.0334 | 0.0412 | 0.0491 | 0.0570 | 0.0648 | 0.0727 |
| Woodie | -0.0795 | -0.0182 | 0.0063 | 0.0675 | 0.0920 | 0.1532 | 0.1777 |
| Fibonacci | -0.0120 | 0.0207 | 0.0409 | 0.0737 | 0.1064 | 0.1266 | 0.1594 |
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): | 55.41 | |
| MACD (12,26,9): | 0.0023 | |
| Directional Movement: | 23.2131 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 0.0477 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0409 | |
| Elder Ray (13): | 0.0055 | |
| Super Trend (3,10): | 0.0402 | |
| Zig ZAG (10): | 0.0501 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 81.51 | |
| TEMA (21): | 0.0511 | |
| Williams %R (14): | -34.06 | |
| Chande Momentum Oscillator (20): | 0.0151 | |
| Repulse (5,40,3): | 4.1032 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1541 | |
| Courbe Coppock: | 57.06 |
| MA7: | 0.0439 | |
| MA20: | 0.0598 | |
| MA50: | 0.1307 | |
| MA100: | 0.3199 | |
| MAexp7: | 0.0498 | |
| MAexp20: | 0.0456 | |
| MAexp50: | 0.0461 | |
| MAexp100: | 0.0529 | |
| Price / MA7: | +14.12% | |
| Price / MA20: | -16.22% | |
| Price / MA50: | -61.67% | |
| Price / MA100: | -84.34% | |
| Price / MAexp7: | +0.60% | |
| Price / MAexp20: | +9.87% | |
| Price / MAexp50: | +8.68% | |
| Price / MAexp100: | -5.29% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on SPINEWAY. At the time of publication of this analysis, the latest news was as follows:
- INTERNATIONAL MASTERCLASS
- Strengthening of the cash position thanks to new financing
- 2023 : high increase in turnover
- General Meeting's report as of 4th of April 2023
- Spineway - Convocation to the General Meeting and related documentation access
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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