Londinia Opportunities Analyses - 05/20/2024 (GMT) CLARANOVA - 1H

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	CLA
ISIN:	FR0013426004

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

83%

11%

My opinion

Bearish under 2.309 EUR

My targets

2.122 EUR (-5.70%)

1.988 EUR (-11.63%)

My analysis

The bearish trend is currently very strong for CLARANOVA. As long as the price remains below the resistance at 2.309 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.122 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.988 EUR as an objective. Crossing it would then enable sellers to target 1.902 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.6

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 CLARANOVA price is 2.250 EUR. The price is lower by -1.53% since the last closing and was between 2.240 EUR and 2.290 EUR. This implies that the price is at +0.45% from its lowest and at -1.75% from its highest.

2.240

2.290

2.250

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

Bearish opening

Type : Bearish

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 for higher/lower results shows an item:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CLARANOVA chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by 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 bearish signal.
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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.296	1.594	1.902	2.250	2.255	2.309	2.369
Change (%)	-42.40%	-29.16%	-15.47%	-	+0.22%	+2.62%	+5.29%
Change	-0.954	-0.656	-0.348	-	+0.005	+0.059	+0.119
Level	Minor	Minor	Major	-	Intermediate	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	2.175	2.215	2.250	2.290	2.325	2.365	2.400
Camarilla	2.264	2.271	2.278	2.285	2.292	2.299	2.306
Woodie	2.173	2.214	2.248	2.289	2.323	2.364	2.398
Fibonacci	2.215	2.244	2.261	2.290	2.319	2.336	2.365

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.988	2.122	2.203	2.337	2.418	2.552	2.633
Camarilla	2.226	2.246	2.265	2.285	2.305	2.324	2.344
Woodie	1.963	2.109	2.178	2.324	2.393	2.539	2.608
Fibonacci	2.122	2.204	2.255	2.337	2.419	2.470	2.552

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.717	1.983	2.207	2.473	2.697	2.963	3.187
Camarilla	2.295	2.340	2.385	2.430	2.475	2.520	2.565
Woodie	1.695	1.973	2.185	2.463	2.675	2.953	3.165
Fibonacci	1.983	2.171	2.286	2.473	2.661	2.776	2.963

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):	32.46
MACD (12,26,9):	-0.0320
Directional Movement:	-24.921
AROON (14):	-100.000
DEMA (21):	2.265
Parabolic SAR (0,02-0,02-0,2):	2.310
Elder Ray (13):	-0.034
Super Trend (3,10):	2.330
Zig ZAG (10):	2.250
VORTEX (21):	0.5910
Stochastique (14,3,5):	11.73
TEMA (21):	2.251
Williams %R (14):	-90.91
Chande Momentum Oscillator (20):	-0.075
Repulse (5,40,3):	-2.1800
ROCnROLL:	2
TRIX (15,9):	-0.1770
Courbe Coppock:	7.41

MA7:	2.354
MA20:	2.432
MA50:	2.427
MA100:	2.383
MAexp7:	2.273
MAexp20:	2.305
MAexp50:	2.348
MAexp100:	2.381
Price / MA7:	-4.42%
Price / MA20:	-7.48%
Price / MA50:	-7.29%
Price / MA100:	-5.58%
Price / MAexp7:	-1.01%
Price / MAexp20:	-2.39%
Price / MAexp50:	-4.17%
Price / MAexp100:	-5.50%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on CLARANOVA at the time of the generation of this analysis was as follows: