FERMENTALG

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ALGAE
ISIN:	FR0011271600

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

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 0.673 EUR

My targets

0.605 EUR (-1.47%)

0.563 EUR (-8.31%)

My analysis

In the short term, we can see an acceleration in the bearish trend on FERMENTALG, which is a positive signal for sellers. As long as the price remains above 0.673 EUR, a sale could be considered. The first bearish objective is located at 0.605 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.563 EUR as an objective. Crossing it would then enable sellers to target 0.530 EUR. If the price were to return above 0.673 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.4

Comment on the 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 pierrott. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FERMENTALG price is 0.614 EUR. The price registered a decrease of -16.92% on the session and was traded between 0.600 EUR and 0.670 EUR over the period. The price is currently at +2.33% from its lowest and -8.36% from its highest.

0.600

0.670

0.614

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FERMENTALG:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of FERMENTALG in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

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

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

Black line without upper shadow

Type : Bearish

Timeframe : 1 hour

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.530	0.563	0.605	0.614	0.676	0.749	0.925
Change (%)	-13.68%	-8.31%	-1.47%	-	+10.10%	+21.99%	+50.65%
Change	-0.084	-0.051	-0.009	-	+0.062	+0.135	+0.311
Level	Intermediate	Minor	Major	-	Intermediate	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.688	0.698	0.719	0.729	0.750	0.760	0.781
Camarilla	0.731	0.733	0.736	0.739	0.742	0.745	0.748
Woodie	0.693	0.701	0.724	0.732	0.755	0.763	0.786
Fibonacci	0.698	0.710	0.718	0.729	0.741	0.749	0.760

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.486	0.543	0.616	0.673	0.746	0.803	0.876
Camarilla	0.652	0.664	0.676	0.688	0.700	0.712	0.724
Woodie	0.493	0.547	0.623	0.677	0.753	0.807	0.883
Fibonacci	0.543	0.593	0.624	0.673	0.723	0.754	0.803

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.317	0.409	0.548	0.640	0.779	0.871	1.010
Camarilla	0.625	0.646	0.667	0.688	0.709	0.730	0.752
Woodie	0.342	0.421	0.573	0.652	0.804	0.883	1.035
Fibonacci	0.409	0.497	0.551	0.640	0.728	0.782	0.871

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	30.46
MACD (12,26,9):	0.0030
Directional Movement:	-29.690
AROON (14):	-100.000
DEMA (21):	0.714
Parabolic SAR (0,02-0,02-0,2):	0.746
Elder Ray (13):	-0.071
Super Trend (3,10):	0.717
Zig ZAG (10):	0.618
VORTEX (21):	0.8930
Stochastique (14,3,5):	57.90
TEMA (21):	0.707
Williams %R (14):	-78.57
Chande Momentum Oscillator (20):	-0.106
Repulse (5,40,3):	-4.3340
ROCnROLL:	2
TRIX (15,9):	0.2590
Courbe Coppock:	4.65

MA7:	0.670
MA20:	0.626
MA50:	0.656
MA100:	0.468
MAexp7:	0.698
MAexp20:	0.706
MAexp50:	0.687
MAexp100:	0.663
Price / MA7:	-8.36%
Price / MA20:	-1.92%
Price / MA50:	-6.40%
Price / MA100:	+31.20%
Price / MAexp7:	-12.03%
Price / MAexp20:	-13.03%
Price / MAexp50:	-10.63%
Price / MAexp100:	-7.39%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on FERMENTALG. At the time of publication of this analysis, the latest news was as follows:

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

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