Londinia Opportunities Analyses - 06/08/2023 (GMT) FORSEE POWER - 1H

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	FORSE
ISIN:	FR0014005SB3

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 bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 3.015 EUR

My targets

3.407 EUR (+7.48%)

3.727 EUR (+17.56%)

My analysis

FORSEE POWER is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.015 EUR. The next resistance located at 3.407 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.727 EUR. After this resistance, buyers could then target 3.950 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

Force

9.1

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The FORSEE POWER rating is 3.170 EUR. On the day, this instrument gained +4.45% and was traded between 3.150 EUR and 3.170 EUR over the period. The price is currently at +0.63% from its lowest and 0% from its highest.

3.150

3.170

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

Abnormal volumes on FORSEE POWER were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this FORSEE POWER chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.782	2.881	3.015	3.170	3.407	3.950	4.235
Change (%)	-12.24%	-9.12%	-4.89%	-	+7.48%	+24.61%	+33.60%
Change	-0.388	-0.289	-0.155	-	+0.237	+0.780	+1.065
Level	Intermediate	Intermediate	Major	-	Major	Minor	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	2.670	2.745	2.890	2.965	3.110	3.185	3.330
Camarilla	2.975	2.995	3.015	3.035	3.055	3.075	3.096
Woodie	2.705	2.763	2.925	2.983	3.145	3.203	3.365
Fibonacci	2.745	2.829	2.881	2.965	3.049	3.101	3.185

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.530	2.615	2.690	2.775	2.850	2.935	3.010
Camarilla	2.721	2.736	2.750	2.765	2.780	2.794	2.809
Woodie	2.525	2.613	2.685	2.773	2.845	2.933	3.005
Fibonacci	2.615	2.676	2.714	2.775	2.836	2.874	2.935

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.807	2.183	2.447	2.823	3.087	3.463	3.727
Camarilla	2.534	2.593	2.651	2.710	2.769	2.827	2.886
Woodie	1.750	2.155	2.390	2.795	3.030	3.435	3.670
Fibonacci	2.183	2.428	2.579	2.823	3.068	3.219	3.463

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):	72.52
MACD (12,26,9):	0.0510
Directional Movement:	46.099
AROON (14):	78.571
DEMA (21):	2.951
Parabolic SAR (0,02-0,02-0,2):	2.887
Elder Ray (13):	0.085
Super Trend (3,10):	2.881
Zig ZAG (10):	3.035
VORTEX (21):	1.1400
Stochastique (14,3,5):	93.72
TEMA (21):	2.984
Williams %R (14):	-2.17
Chande Momentum Oscillator (20):	0.220
Repulse (5,40,3):	3.7990
ROCnROLL:	1
TRIX (15,9):	0.1780
Courbe Coppock:	9.42

MA7:	2.805
MA20:	2.746
MA50:	2.964
MA100:	3.041
MAexp7:	2.958
MAexp20:	2.891
MAexp50:	2.836
MAexp100:	2.811
Price / MA7:	+13.01%
Price / MA20:	+15.44%
Price / MA50:	+6.95%
Price / MA100:	+4.24%
Price / MAexp7:	+7.17%
Price / MAexp20:	+9.65%
Price / MAexp50:	+11.78%
Price / MAexp100:	+12.77%

Quotes : - 15 min delayed data - Euronext Paris

News

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