SPINEWAY - 1H - Technical analysis published on 03/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 3.8811 EUR
My targets
40.0000 EUR (+714.66%)
68.0000 EUR (+1,284.93%)
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 3.8811 EUR. The next resistance located at 40.0000 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 68.0000 EUR. After this resistance, buyers could then target 152.0000 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.
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
0
10
8
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Additional analysis
Quotes
The SPINEWAY price is 4.9100 EUR. On the day, this instrument gained +26.06% and was traded between 4.1000 EUR and 6.4000 EUR over the period. The price is currently at +19.76% from its lowest and -23.28% from its highest.4.1000
6.4000
4.9100
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of SPINEWAY in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed 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 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2502 | 1.4200 | 1.7054 | 4.9100 | 40.0000 | 68.0000 | 152.0000 |
| Change (%) | -74.54% | -71.08% | -65.27% | - | +714.66% | +1,284.93% | +2,995.72% |
| Change | -3.6598 | -3.4900 | -3.2046 | - | +35.0900 | +63.0900 | +147.0900 |
| Level | Minor | Intermediate | Major | - | Minor | 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 | -0.1067 | 0.7317 | 2.3133 | 3.1517 | 4.7333 | 5.5717 | 7.1533 |
| Camarilla | 3.2295 | 3.4513 | 3.6732 | 3.8950 | 4.1168 | 4.3387 | 4.5605 |
| Woodie | 0.2650 | 0.9175 | 2.6850 | 3.3375 | 5.1050 | 5.7575 | 7.5250 |
| Fibonacci | 0.7317 | 1.6561 | 2.2272 | 3.1517 | 4.0761 | 4.6472 | 5.5717 |
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 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): | 75.88 | |
| MACD (12,26,9): | 1.1445 | |
| Directional Movement: | 38.7571 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 4.7926 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7642 | |
| Elder Ray (13): | 1.2535 | |
| Super Trend (3,10): | 4.5702 | |
| Zig ZAG (10): | 4.9100 | |
| VORTEX (21): | 1.2711 | |
| Stochastique (14,3,5): | 77.94 | |
| TEMA (21): | 5.4323 | |
| Williams %R (14): | -30.04 | |
| Chande Momentum Oscillator (20): | 3.0600 | |
| Repulse (5,40,3): | -6.6379 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 8.3226 | |
| Courbe Coppock: | 428.90 |
| MA7: | 1.8662 | |
| MA20: | 0.6551 | |
| MA50: | 0.2643 | |
| MA100: | 0.1435 | |
| MAexp7: | 4.7846 | |
| MAexp20: | 3.4130 | |
| MAexp50: | 2.0438 | |
| MAexp100: | 1.2193 | |
| Price / MA7: | +163.10% | |
| Price / MA20: | +649.50% | |
| Price / MA50: | +1,757.74% | |
| Price / MA100: | +3,321.60% | |
| Price / MAexp7: | +2.62% | |
| Price / MAexp20: | +43.86% | |
| Price / MAexp50: | +140.24% | |
| Price / MAexp100: | +302.69% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on SPINEWAY at the time of the analysis were 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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