Londinia Opportunities Analyses - 06/18/2021 (GMT) TME PHARMA - 1H

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	ALTME
ISIN:	NL0015000YE1

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 0.3828 EUR

My targets

0.3613 EUR (-4.27%)

0.3500 EUR (-7.26%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NOXXON as long as the price remains well below 0.3828 EUR. The sellers' bearish objective is set at 0.3613 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.3500 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

A split or consolidation has occurred on this instrument. There is no more graph available on 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.

Additional analysis

Quotes

The NOXXON rating is 0.3774 EUR. The price registered a decrease of -0.95% on the session and was traded between 0.3760 EUR and 0.3892 EUR over the period. The price is currently at +0.37% from its lowest and -3.03% from its highest.

0.3760

0.3892

0.3774

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NOXXON chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is moderate given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.3500	0.3774	0.3828	0.4005	0.4197
Change (%)	-7.26%	-	+1.43%	+6.12%	+11.21%
Change	-0.0274	-	+0.0054	+0.0231	+0.0423
Level	Intermediate	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.3628	0.3694	0.3752	0.3818	0.3876	0.3942	0.4000
Camarilla	0.3776	0.3787	0.3799	0.3810	0.3821	0.3833	0.3844
Woodie	0.3624	0.3692	0.3748	0.3816	0.3872	0.3940	0.3996
Fibonacci	0.3694	0.3741	0.3771	0.3818	0.3865	0.3895	0.3942

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.3613	0.3767	0.3887	0.4041	0.4161	0.4315	0.4435
Camarilla	0.3931	0.3956	0.3981	0.4006	0.4031	0.4056	0.4081
Woodie	0.3595	0.3759	0.3869	0.4033	0.4143	0.4307	0.4417
Fibonacci	0.3767	0.3872	0.3937	0.4041	0.4146	0.4211	0.4315

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.2716	0.3194	0.3692	0.4170	0.4668	0.5146	0.5644
Camarilla	0.3922	0.4011	0.4101	0.4190	0.4280	0.4369	0.4458
Woodie	0.2726	0.3199	0.3702	0.4175	0.4678	0.5151	0.5654
Fibonacci	0.3194	0.3567	0.3797	0.4170	0.4543	0.4773	0.5146

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):	39.27
MACD (12,26,9):	-0.0040
Directional Movement:	-10.7420
AROON (14):	-28.5714
DEMA (21):	0.3809
Parabolic SAR (0,02-0,02-0,2):	0.3891
Elder Ray (13):	-0.0025
Super Trend (3,10):	0.3966
Zig ZAG (10):	0.3810
VORTEX (21):	0.7657
Stochastique (14,3,5):	25.51
TEMA (21):	0.3800
Williams %R (14):	-74.49
Chande Momentum Oscillator (20):	-0.0040
Repulse (5,40,3):	-0.6673
ROCnROLL:	2
TRIX (15,9):	-0.1365
Courbe Coppock:	4.39

MA7:	0.3959
MA20:	0.4076
MA50:	0.4217
MA100:	0.4426
MAexp7:	0.3821
MAexp20:	0.3861
MAexp50:	0.3929
MAexp100:	0.4000
Price / MA7:	-4.67%
Price / MA20:	-7.41%
Price / MA50:	-10.51%
Price / MA100:	-14.73%
Price / MAexp7:	-1.23%
Price / MAexp20:	-2.25%
Price / MAexp50:	-3.95%
Price / MAexp100:	-5.65%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on NOXXON at the time of the analysis were as follows: