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SPINEWAY
SPINEWAY
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALSPW
ISIN: FR001400N2P2

SPINEWAY - 1H - Technical analysis published on 04/15/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 1.3933 EUR
My targets
1.4267 EUR (+1.92%)
1.6767 EUR (+19.78%)
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 1.3933 EUR. The next resistance located at 1.4267 EUR is the next bullish target 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 1.6767 EUR. After this resistance, buyers could then target 2.0500 EUR.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The SPINEWAY rating is 1.3998 EUR. The price registered an increase of +26.11% on the session and was between 1.1208 EUR and 1.5200 EUR. This implies that the price is at +24.89% from its lowest and at -7.91% from its highest.

1.1208
1.5200
1.3998

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Abnormal volumes on SPINEWAY were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of SPINEWAY indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 1.0600 1.3998 1.4267 2.0500 2.5833
Change (%) -24.27% - +1.92% +46.45% +84.55%
Change -0.3398 - +0.0269 +0.6502 +1.1835
Level Intermediate - Intermediate Minor Intermediate



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
Standard0.54670.72330.91671.09331.28671.46331.6567
Camarilla1.00831.04221.07611.11001.14391.17781.2118
Woodie0.55500.72750.92501.09751.29501.46751.6650
Fibonacci0.72330.86470.95201.09331.23471.32201.4633


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.33330.61670.86331.14671.39331.67671.9233
Camarilla0.96431.01281.06141.11001.15861.20721.2558
Woodie0.31500.60750.84501.13751.37501.66751.9050
Fibonacci0.61670.81910.94421.14671.34911.47421.6767


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-5.3865-2.0233-0.32653.03674.73358.09679.7935
Camarilla-0.02130.44250.90641.37021.83402.29792.7617
Woodie-6.2198-2.4399-1.15982.62013.90027.68018.9602
Fibonacci-2.0233-0.09041.10383.03674.96976.16388.0967

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): 64.61
MACD (12,26,9): 0.0571
Directional Movement: 36.5139
AROON (14): 100.0000
DEMA (21): 1.2697
Parabolic SAR (0,02-0,02-0,2): 1.1012
Elder Ray (13): 0.2255
Super Trend (3,10): 1.1799
Zig ZAG (10): 1.4200
VORTEX (21): 1.1613
Stochastique (14,3,5): 87.68
TEMA (21): 1.3394
Williams %R (14): -21.74
Chande Momentum Oscillator (20): 0.2698
Repulse (5,40,3): 3.3210
ROCnROLL: 1
TRIX (15,9): 0.1754
Courbe Coppock: 46.54
MA7: 1.2009
MA20: 1.5074
MA50: 3.6954
MA100: 9.3377
MAexp7: 1.3093
MAexp20: 1.2164
MAexp50: 1.2106
MAexp100: 1.3561
Price / MA7: +16.56%
Price / MA20: -7.14%
Price / MA50: -62.12%
Price / MA100: -85.01%
Price / MAexp7: +6.91%
Price / MAexp20: +15.08%
Price / MAexp50: +15.63%
Price / MAexp100: +3.22%

Quotes : - 15 min delayed data - Euronext Paris

News


The last news published on SPINEWAY at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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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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