FORMYCON AG

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	FYB
ISIN:	DE000A1EWVY8

FORMYCON AG - Daily - Technical analysis published on 12/16/2022 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 87.3 EUR

My targets

92.1 EUR (+1.35%)

100.7 EUR (+10.75%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FORMYCON AG as long as the price remains well above 87.3 EUR. The buyers' bullish objective is set at 92.1 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 100.7 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FORMYCON AG rating is 90.9 EUR. The price has increased by +9.65% since the last closing and was between 85.3 EUR and 91.6 EUR. This implies that the price is at +6.57% from its lowest and at -0.76% from its highest.

85.3

91.6

90.9

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this FORMYCON AG chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	82.2	85.3	87.3	90.9
Change (%)	-9.57%	-6.16%	-3.96%	-
Change	-8.7	-5.6	-3.6	-
Level	Intermediate	Intermediate	Major	-

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	78.3	80.2	81.6	83.5	84.9	86.8	88.2
Camarilla	82.0	82.3	82.6	82.9	83.2	83.5	83.8
Woodie	78.0	80.1	81.3	83.4	84.6	86.7	87.9
Fibonacci	80.2	81.5	82.3	83.5	84.8	85.6	86.8

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.8	80.5	83.7	85.4	88.6	90.3	93.5
Camarilla	85.7	86.1	86.6	87.0	87.5	87.9	88.4
Woodie	79.7	80.9	84.6	85.8	89.5	90.7	94.4
Fibonacci	80.5	82.3	83.5	85.4	87.2	88.4	90.3

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.3	66.5	75.1	79.3	87.9	92.1	100.7
Camarilla	80.1	81.3	82.4	83.6	84.8	86.0	87.1
Woodie	64.4	67.6	77.2	80.4	90.0	93.2	102.8
Fibonacci	66.5	71.4	74.4	79.3	84.2	87.2	92.1

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):	67.80
MACD (12,26,9):	3.0000
Directional Movement:	18.6
AROON (14):	92.9
DEMA (21):	87.4
Parabolic SAR (0,02-0,02-0,2):	82.2
Elder Ray (13):	3.4
Super Trend (3,10):	79.7
Zig ZAG (10):	90.9
VORTEX (21):	1.1000
Stochastique (14,3,5):	69.00
TEMA (21):	88.5
Williams %R (14):	-5.60
Chande Momentum Oscillator (20):	7.3
Repulse (5,40,3):	5.7000
ROCnROLL:	1
TRIX (15,9):	0.5000
Courbe Coppock:	13.90

MA7:	86.7
MA20:	83.6
MA50:	77.4
MA100:	77.3
MAexp7:	86.5
MAexp20:	83.5
MAexp50:	79.6
MAexp100:	76.9
Price / MA7:	+4.84%
Price / MA20:	+8.73%
Price / MA50:	+17.44%
Price / MA100:	+17.59%
Price / MAexp7:	+5.09%
Price / MAexp20:	+8.86%
Price / MAexp50:	+14.20%
Price / MAexp100:	+18.21%

Quotes : - 15 min delayed data - Germany Stocks

News

The last news published on FORMYCON AG 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 AI

Online

Overall rating :

15924

Number of analyses :

97175

Followers :

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…