Londinia Opportunities Analyses - 12/02/2021 (GMT) FIRST SOLAR INC. D -.001 - 1H
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 91.64 EUR
My targets
88.03 EUR (-2.32%)
84.64 EUR (-6.08%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FIRST SOLAR INC. D -.001 as long as the price remains well below 91.64 EUR. The sellers' bearish objective is set at 88.03 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 84.64 EUR. In case of crossing, the next objective would be the support located at 74.80 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
0
10
7.7
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The FIRST SOLAR INC. D -.001 price is 90.12 EUR. On the day, this instrument lost -3.96% with the lowest point at 87.42 EUR and the highest point at 91.00 EUR. The deviation from the price is +3.09% for the low point and -0.97% for the high point.87.42
91.00
90.12
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FIRST SOLAR INC. D -.001 in 1H shows a overall strongly 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 66.99 | 74.80 | 88.03 | 90.12 | 91.64 | 93.90 | 97.98 |
| Change (%) | -25.67% | -17.00% | -2.32% | - | +1.69% | +4.19% | +8.72% |
| Change | -23.13 | -15.32 | -2.09 | - | +1.52 | +3.78 | +7.86 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
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 | 90.17 | 91.03 | 92.43 | 93.29 | 94.69 | 95.55 | 96.95 |
| Camarilla | 93.22 | 93.43 | 93.63 | 93.84 | 94.05 | 94.25 | 94.46 |
| Woodie | 90.45 | 91.17 | 92.71 | 93.43 | 94.97 | 95.69 | 97.23 |
| Fibonacci | 91.03 | 91.89 | 92.42 | 93.29 | 94.15 | 94.68 | 95.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.80 | 84.64 | 88.37 | 95.21 | 98.94 | 105.78 | 109.51 |
| Camarilla | 89.19 | 90.16 | 91.13 | 92.10 | 93.07 | 94.04 | 95.01 |
| Woodie | 76.25 | 83.86 | 86.82 | 94.43 | 97.39 | 105.00 | 107.96 |
| Fibonacci | 84.64 | 88.68 | 91.17 | 95.21 | 99.25 | 101.74 | 105.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.34 | 79.28 | 85.47 | 95.41 | 101.60 | 111.54 | 117.73 |
| Camarilla | 87.22 | 88.70 | 90.18 | 91.66 | 93.14 | 94.62 | 96.10 |
| Woodie | 67.47 | 78.34 | 83.60 | 94.47 | 99.73 | 110.60 | 115.86 |
| Fibonacci | 79.28 | 85.44 | 89.25 | 95.41 | 101.57 | 105.38 | 111.54 |
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): | 35.29 | |
| MACD (12,26,9): | -0.9100 | |
| Directional Movement: | -37.78 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 90.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 93.45 | |
| Elder Ray (13): | -2.90 | |
| Super Trend (3,10): | 91.54 | |
| Zig ZAG (10): | 89.88 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 13.05 | |
| TEMA (21): | 90.46 | |
| Williams %R (14): | -66.96 | |
| Chande Momentum Oscillator (20): | -3.00 | |
| Repulse (5,40,3): | 1.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 4.16 |
| MA7: | 93.79 | |
| MA20: | 95.75 | |
| MA50: | 92.40 | |
| MA100: | 85.67 | |
| MAexp7: | 90.83 | |
| MAexp20: | 92.05 | |
| MAexp50: | 93.23 | |
| MAexp100: | 94.30 | |
| Price / MA7: | -3.91% | |
| Price / MA20: | -5.88% | |
| Price / MA50: | -2.47% | |
| Price / MA100: | +5.19% | |
| Price / MAexp7: | -0.78% | |
| Price / MAexp20: | -2.10% | |
| Price / MAexp50: | -3.34% | |
| Price / MAexp100: | -4.43% |
Quotes :
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15 min delayed data
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