SPINEWAY - 1H - Technical analysis published on 03/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2.7933 EUR
My targets
3.8811 EUR (+25.20%)
7.3167 EUR (+136.02%)
My analysis
SPINEWAY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.7933 EUR. The next resistance located at 3.8811 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.3167 EUR. After this resistance, buyers could then target 40.0000 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SPINEWAY rating 3.1000 EUR. The price registered an increase of +98.72% on the session and was traded between 1.5700 EUR and 3.3500 EUR over the period. The price is currently at +97.45% from its lowest and -7.46% from its highest.1.5700
3.3500
3.1000
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SPINEWAY:
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
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SPINEWAY chart shows a strongly bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
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 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2502 | 1.5700 | 1.7054 | 3.1000 | 7.3167 | 40.0000 | 152.0000 |
| Change (%) | -59.67% | -49.35% | -44.99% | - | +136.02% | +1,190.32% | +4,803.23% |
| Change | -1.8498 | -1.5300 | -1.3946 | - | +4.2167 | +36.9000 | +148.9000 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1161 | 1.2631 | 1.4115 | 1.5585 | 1.7069 | 1.8539 | 2.0023 |
| Camarilla | 1.4788 | 1.5058 | 1.5329 | 1.5600 | 1.5871 | 1.6142 | 1.6412 |
| Woodie | 1.1169 | 1.2635 | 1.4123 | 1.5589 | 1.7077 | 1.8543 | 2.0031 |
| Fibonacci | 1.2631 | 1.3759 | 1.4456 | 1.5585 | 1.6713 | 1.7410 | 1.8539 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.2324 | -0.6157 | 0.4721 | 1.0888 | 2.1766 | 2.7933 | 3.8811 |
| Camarilla | 1.0913 | 1.2475 | 1.4038 | 1.5600 | 1.7163 | 1.8725 | 2.0287 |
| Woodie | -0.9968 | -0.4979 | 0.7078 | 1.2066 | 2.4123 | 2.9111 | 4.1168 |
| Fibonacci | -0.6157 | 0.0354 | 0.4377 | 1.0888 | 1.7399 | 2.1422 | 2.7933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.1520 | -0.5756 | 0.4172 | 0.9936 | 1.9864 | 2.5628 | 3.5556 |
| Camarilla | 0.9785 | 1.1223 | 1.2662 | 1.4100 | 1.5538 | 1.6977 | 1.8415 |
| Woodie | -0.9438 | -0.4715 | 0.6254 | 1.0977 | 2.1946 | 2.6669 | 3.7638 |
| Fibonacci | -0.5756 | 0.0238 | 0.3942 | 0.9936 | 1.5930 | 1.9634 | 2.5628 |
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): | 90.66 | |
| MACD (12,26,9): | 0.4947 | |
| Directional Movement: | 72.9981 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 2.3677 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6635 | |
| Elder Ray (13): | 1.0302 | |
| Super Trend (3,10): | 2.3607 | |
| Zig ZAG (10): | 3.3500 | |
| VORTEX (21): | 1.1443 | |
| Stochastique (14,3,5): | 100.00 | |
| TEMA (21): | 2.5746 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1.8300 | |
| Repulse (5,40,3): | 35.8231 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 6.0769 | |
| Courbe Coppock: | 107.54 |
| MA7: | 1.0871 | |
| MA20: | 0.3826 | |
| MA50: | 0.1553 | |
| MA100: | 0.0893 | |
| MAexp7: | 2.3582 | |
| MAexp20: | 1.7533 | |
| MAexp50: | 1.0897 | |
| MAexp100: | 0.6547 | |
| Price / MA7: | +185.16% | |
| Price / MA20: | +710.25% | |
| Price / MA50: | +1,896.14% | |
| Price / MA100: | +3,371.44% | |
| Price / MAexp7: | +31.46% | |
| Price / MAexp20: | +76.81% | |
| Price / MAexp50: | +184.48% | |
| Price / MAexp100: | +373.50% |
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:
- Reverse stock split
- Preparatory documents for the General Meeting as of of March 25, 2024
- SPINEWAY : 2023 annual results
- Increase of 2023 revenue at €10.5 million
- Shares reverse split
This member declared not having a position on this financial instrument or a related financial instrument.
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