VERGNET - Daily - Technical analysis published on 12/20/2023 (GMT)
- 106
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
39%
22%
39%
My opinion
Neutral between 2.3100 EUR and 3.2200 EUR
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 3.2200 EUR. The first support is located at 2.3100 EUR. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by VERGNET.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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
VERGNET rating 2.3595 EUR. The price has increased by +7.25% since the last closing and was traded between 2.2000 EUR and 2.3600 EUR over the period. The price is currently at +7.25% from its lowest and -0.02% from its highest.2.2000
2.3600
2.3595
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of VERGNET indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 2.3595 | 182,400.0300 | 836,000.0600 | 1,349,000.1000 |
| Change (%) | - | +7,730,352.64% | +35,431,137.97% | +57,173,034.14% |
| Change | - | +182,397.6705 | +835,997.7005 | +1,348,997.7405 |
| Level | - | Minor | Minor | 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 | 1.0900 | 1.6320 | 1.9160 | 2.4580 | 2.7420 | 3.2840 | 3.5680 |
| Camarilla | 1.9729 | 2.0486 | 2.1243 | 2.2000 | 2.2757 | 2.3514 | 2.4272 |
| Woodie | 0.9610 | 1.5675 | 1.7870 | 2.3935 | 2.6130 | 3.2195 | 3.4390 |
| Fibonacci | 1.6320 | 1.9475 | 2.1425 | 2.4580 | 2.7735 | 2.9685 | 3.2840 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0800 | 0.7400 | 1.6500 | 2.3100 | 3.2200 | 3.8800 | 4.7900 |
| Camarilla | 2.1283 | 2.2722 | 2.4161 | 2.5600 | 2.7039 | 2.8478 | 2.9918 |
| Woodie | 0.2050 | 0.8025 | 1.7750 | 2.3725 | 3.3450 | 3.9425 | 4.9150 |
| Fibonacci | 0.7400 | 1.3397 | 1.7103 | 2.3100 | 2.9097 | 3.2803 | 3.8800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.1400 | 0.0400 | 0.2600 | 0.4400 | 0.6600 | 0.8400 | 1.0600 |
| Camarilla | 0.3700 | 0.4067 | 0.4433 | 0.4800 | 0.5167 | 0.5533 | 0.5900 |
| Woodie | -0.1200 | 0.0500 | 0.2800 | 0.4500 | 0.6800 | 0.8500 | 1.0800 |
| Fibonacci | 0.0400 | 0.1928 | 0.2872 | 0.4400 | 0.5928 | 0.6872 | 0.8400 |
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): | 20.20 | |
| MACD (12,26,9): | -30.0181 | |
| Directional Movement: | -24.3135 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 8.5547 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.5269 | |
| Elder Ray (13): | 0.3888 | |
| Super Trend (3,10): | 1.1102 | |
| Zig ZAG (10): | 2.3600 | |
| VORTEX (21): | 1.0908 | |
| Stochastique (14,3,5): | 58.70 | |
| TEMA (21): | 83.4325 | |
| Williams %R (14): | -44.35 | |
| Chande Momentum Oscillator (20): | -0.3120 | |
| Repulse (5,40,3): | -28.7956 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.0638 | |
| Courbe Coppock: | 499.31 |
| MA7: | 2.0275 | |
| MA20: | 1.5160 | |
| MA50: | 0.8820 | |
| MA100: | 3.6282 | |
| MAexp7: | 2.1491 | |
| MAexp20: | 1.9312 | |
| MAexp50: | 154,165.1143 | |
| MAexp100: | 12,825,710.4815 | |
| Price / MA7: | +16.37% | |
| Price / MA20: | +55.64% | |
| Price / MA50: | +167.52% | |
| Price / MA100: | -34.97% | |
| Price / MAexp7: | +9.79% | |
| Price / MAexp20: | +22.18% | |
| Price / MAexp50: | -100.00% | |
| Price / MAexp100: | -100.00% |
Quotes :
-
15 min delayed data
-
Euronext Paris
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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