PARAGON ID - Daily - Technical analysis published on 06/20/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
PARAGON ID Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 38.20 EUR
My targets
36.00 EUR (-4.00%)
33.20 EUR (-11.47%)
My analysis
The basic trend is bearish on PARAGON ID and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 38.20 EUR. Buyers would then use the next resistance located at 49.00 EUR as an objective. Crossing it would then enable buyers to target 71.80 EUR. If there is a return to below the support located at 36.00 EUR, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 33.20 EUR and 32.00 EUR by extension.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.8
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This analysis was given by Londinia.
Additional analysis
Quotes
PARAGON ID rating 37.50 EUR. On the day, this instrument gained +33.93% and was between 37.45 EUR and 37.50 EUR. This implies that the price is at +0.13% from its lowest and at 0% from its highest.37.45
37.50
37.50
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this PARAGON ID chart shows a bearish trend. 64.29% 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 bearish trend may be slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.00 | 33.20 | 36.00 | 37.50 | 38.20 | 49.00 | 71.80 |
| Change (%) | -14.67% | -11.47% | -4.00% | - | +1.87% | +30.67% | +91.47% |
| Change | -5.50 | -4.30 | -1.50 | - | +0.70 | +11.50 | +34.30 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Major |
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 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 |
| Camarilla | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 |
| Woodie | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 |
| Fibonacci | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.20 | 27.60 | 27.80 | 28.20 | 28.40 | 28.80 | 29.00 |
| Camarilla | 27.84 | 27.89 | 27.95 | 28.00 | 28.06 | 28.11 | 28.17 |
| Woodie | 27.10 | 27.55 | 27.70 | 28.15 | 28.30 | 28.75 | 28.90 |
| Fibonacci | 27.60 | 27.83 | 27.97 | 28.20 | 28.43 | 28.57 | 28.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.13 | 25.87 | 27.33 | 29.07 | 30.53 | 32.27 | 33.73 |
| Camarilla | 27.92 | 28.21 | 28.51 | 28.80 | 29.09 | 29.39 | 29.68 |
| Woodie | 24.00 | 25.80 | 27.20 | 29.00 | 30.40 | 32.20 | 33.60 |
| Fibonacci | 25.87 | 27.09 | 27.84 | 29.07 | 30.29 | 31.04 | 32.27 |
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): | 33.50 | |
| MACD (12,26,9): | -0.4000 | |
| Directional Movement: | -22.90 | |
| AROON (14): | -7.10 | |
| DEMA (21): | 28.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.20 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 28.70 | |
| Zig ZAG (10): | 28.00 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 0.00 | |
| TEMA (21): | 28.00 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.80 | |
| Repulse (5,40,3): | -0.9000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 2.90 |
| MA7: | 28.10 | |
| MA20: | 28.40 | |
| MA50: | 29.20 | |
| MA100: | 29.90 | |
| MAexp7: | 28.10 | |
| MAexp20: | 28.50 | |
| MAexp50: | 29.10 | |
| MAexp100: | 29.20 | |
| Price / MA7: | +33.45% | |
| Price / MA20: | +32.04% | |
| Price / MA50: | +28.42% | |
| Price / MA100: | +25.42% | |
| Price / MAexp7: | +33.45% | |
| Price / MAexp20: | +31.58% | |
| Price / MAexp50: | +28.87% | |
| Price / MAexp100: | +28.42% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on PARAGON ID at the time of the analysis were as follows:
- Proposed simplified public offer for the shares of Paragon ID by Grenadier Holdings Ltd., majority shareholder in the Company
- Listing of Paragon ID Shares Suspended
- Growth of +55% and revenue of EUR 140.9m for first nine months of financial year 2022/23 - Targeted growth for year to 30 June 2023 revised to more than EUR 185m, representing an annual growth rate of over 40%
- 2022/23 half-year results: strong growth in business activity and continued improvement in profitability; increase in net debt
- Record half-year turnover 2022/23 of EUR 89.9m, representing +59% growth in revenues - New revised objective for annual growth: +30% - New orders for polycarbonate e-ID products to generate new sales of tens of millions of EUR over the next 2 years
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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