Londinia Opportunities Analyses - 03/23/2023 (GMT) FERMENTALG - Daily

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	ALGAE
ISIN:	FR0011271600

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Europe Stocks
Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 1.413 EUR

My targets

1.173 EUR (-9.77%)

1.036 EUR (-20.31%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FERMENTALG as long as the price remains well below 1.413 EUR. The sellers' bearish objective is set at 1.173 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.036 EUR. In case of crossing, the next objective would be the support located at 0.860 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

8.2

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Additional analysis

Quotes

FERMENTALG rating 1.300 EUR. The price has increased by +1.25% since the last closing and was between 1.280 EUR and 1.300 EUR. This implies that the price is at +1.56% from its lowest and at 0% from its highest.

1.280

1.300

Here is a more detailed summary of the historical variations registered by FERMENTALG:

The study of the highest / lowest by the Central Records scanner shows the following results:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Journalier of this FERMENTALG 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.860	1.300	1.486	1.910	2.051
Change (%)	-33.85%	-	+14.31%	+46.92%	+57.77%
Change	-0.440	-	+0.186	+0.610	+0.751
Level	Major	-	Intermediate	Minor	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	1.265	1.275	1.279	1.289	1.293	1.303	1.307
Camarilla	1.280	1.281	1.283	1.284	1.285	1.287	1.288
Woodie	1.263	1.274	1.277	1.288	1.291	1.302	1.305
Fibonacci	1.275	1.280	1.283	1.289	1.294	1.297	1.303

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.036	1.173	1.246	1.383	1.456	1.593	1.666
Camarilla	1.261	1.281	1.300	1.319	1.338	1.358	1.377
Woodie	1.004	1.157	1.214	1.367	1.424	1.577	1.634
Fibonacci	1.173	1.253	1.303	1.383	1.463	1.513	1.593

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.413	1.458	1.490	1.535	1.567	1.612	1.644
Camarilla	1.501	1.508	1.515	1.522	1.529	1.536	1.543
Woodie	1.407	1.455	1.484	1.532	1.561	1.609	1.638
Fibonacci	1.458	1.487	1.506	1.535	1.564	1.583	1.612

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):	20.63
MACD (12,26,9):	-0.0620
Directional Movement:	-31.534
AROON (14):	-64.285
DEMA (21):	1.345
Parabolic SAR (0,02-0,02-0,2):	1.491
Elder Ray (13):	-0.092
Super Trend (3,10):	1.391
Zig ZAG (10):	1.299
VORTEX (21):	0.6380
Stochastique (14,3,5):	5.26
TEMA (21):	1.304
Williams %R (14):	-92.69
Chande Momentum Oscillator (20):	-0.211
Repulse (5,40,3):	-0.7470
ROCnROLL:	2
TRIX (15,9):	-0.3670
Courbe Coppock:	24.52

MA7:	1.320
MA20:	1.447
MA50:	1.504
MA100:	1.553
MAexp7:	1.334
MAexp20:	1.416
MAexp50:	1.488
MAexp100:	1.594
Price / MA7:	-1.52%
Price / MA20:	-10.16%
Price / MA50:	-13.56%
Price / MA100:	-16.29%
Price / MAexp7:	-2.55%
Price / MAexp20:	-8.19%
Price / MAexp50:	-12.63%
Price / MAexp100:	-18.44%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on FERMENTALG. At the time of publication of this analysis, the latest news was as follows: