CREDEM - Daily - Technical analysis published on 01/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 5.153 EUR
My targets
4.826 EUR (-3.67%)
4.600 EUR (-8.18%)
My analysis
In the short term, we can see an acceleration in the bearish trend on CREDEM, which is a positive signal for sellers. As long as the price remains above 5.153 EUR, a sale could be considered. The first bearish objective is located at 4.826 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.600 EUR as an objective. Crossing it would then enable sellers to target 4.417 EUR. If the price were to return above 5.153 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CREDEM rating 5.010 EUR. The price is lower by -1.57% since the last closing with the lowest point at 5.000 EUR and the highest point at 5.100 EUR. The deviation from the price is +0.20% for the low point and -1.76% for the high point.5.000
5.100
5.010
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CREDEM:
Technical
Technical analysis of this Daily chart of CREDEM indicates that the overall trend is bearish. 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 bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 4.417 | 4.600 | 4.826 | 5.010 | 5.030 | 5.153 | 5.264 |
| Change (%) | -11.84% | -8.18% | -3.67% | - | +0.40% | +2.85% | +5.07% |
| Change | -0.593 | -0.410 | -0.184 | - | +0.020 | +0.143 | +0.254 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | 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 | 4.987 | 5.023 | 5.097 | 5.133 | 5.207 | 5.243 | 5.317 |
| Camarilla | 5.140 | 5.150 | 5.160 | 5.170 | 5.180 | 5.190 | 5.200 |
| Woodie | 5.005 | 5.033 | 5.115 | 5.143 | 5.225 | 5.253 | 5.335 |
| Fibonacci | 5.023 | 5.065 | 5.091 | 5.133 | 5.175 | 5.201 | 5.243 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.740 | 4.850 | 4.990 | 5.100 | 5.240 | 5.350 | 5.490 |
| Camarilla | 5.061 | 5.084 | 5.107 | 5.130 | 5.153 | 5.176 | 5.199 |
| Woodie | 4.755 | 4.858 | 5.005 | 5.108 | 5.255 | 5.358 | 5.505 |
| Fibonacci | 4.850 | 4.946 | 5.005 | 5.100 | 5.196 | 5.255 | 5.350 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.840 | 4.990 | 5.090 | 5.240 | 5.340 | 5.490 | 5.590 |
| Camarilla | 5.121 | 5.144 | 5.167 | 5.190 | 5.213 | 5.236 | 5.259 |
| Woodie | 4.815 | 4.978 | 5.065 | 5.228 | 5.315 | 5.478 | 5.565 |
| Fibonacci | 4.990 | 5.086 | 5.145 | 5.240 | 5.336 | 5.395 | 5.490 |
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): | 43.79 | |
| MACD (12,26,9): | -0.0340 | |
| Directional Movement: | 0.147 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 5.088 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.960 | |
| Elder Ray (13): | 0.003 | |
| Super Trend (3,10): | 5.317 | |
| Zig ZAG (10): | 5.090 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 59.83 | |
| TEMA (21): | 5.074 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.020 | |
| Repulse (5,40,3): | 0.2560 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1140 | |
| Courbe Coppock: | 2.73 |
| MA7: | 5.090 | |
| MA20: | 5.131 | |
| MA50: | 5.236 | |
| MA100: | 5.139 | |
| MAexp7: | 5.107 | |
| MAexp20: | 5.134 | |
| MAexp50: | 5.164 | |
| MAexp100: | 5.103 | |
| Price / MA7: | -1.57% | |
| Price / MA20: | -2.36% | |
| Price / MA50: | -4.32% | |
| Price / MA100: | -2.51% | |
| Price / MAexp7: | -1.90% | |
| Price / MAexp20: | -2.42% | |
| Price / MAexp50: | -2.98% | |
| Price / MAexp100: | -1.82% |
This member declared not having a position on this financial instrument or a related financial instrument.
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