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

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	ALKAL
ISIN:	FR0010722819

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 : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 17.96 EUR

My targets

17.04 EUR (-3.07%)

16.72 EUR (-4.89%)

My analysis

KALRAY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 17.96 EUR. The next support located at 17.04 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 16.72 EUR. Below this support, sellers could then target 16.20 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

7.7

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 KALRAY rating is 17.58 EUR. The price registered a decrease of -0.68% on the session and was between 17.44 EUR and 17.70 EUR. This implies that the price is at +0.80% from its lowest and at -0.68% from its highest.

17.44

17.70

17.58

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

Technical

A technical analysis in 1H of this KALRAY chart shows a sharp bearish trend. 89.29% 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

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	16.20	16.72	17.04	17.58	17.60	17.96	18.38
Change (%)	-7.85%	-4.89%	-3.07%	-	+0.11%	+2.16%	+4.55%
Change	-1.38	-0.86	-0.54	-	+0.02	+0.38	+0.80
Level	Intermediate	Minor	Minor	-	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	16.69	17.17	17.43	17.91	18.17	18.65	18.91
Camarilla	17.50	17.56	17.63	17.70	17.77	17.84	17.90
Woodie	16.59	17.12	17.33	17.86	18.07	18.60	18.81
Fibonacci	17.17	17.45	17.62	17.91	18.19	18.36	18.65

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.15	16.87	17.29	18.01	18.43	19.15	19.57
Camarilla	17.39	17.49	17.60	17.70	17.81	17.91	18.01
Woodie	15.99	16.80	17.13	17.94	18.27	19.08	19.41
Fibonacci	16.87	17.31	17.58	18.01	18.45	18.72	19.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.14	13.32	15.24	17.42	19.34	21.52	23.44
Camarilla	16.03	16.41	16.78	17.16	17.54	17.91	18.29
Woodie	11.01	13.26	15.11	17.36	19.21	21.46	23.31
Fibonacci	13.32	14.89	15.85	17.42	18.99	19.95	21.52

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):	32.20
MACD (12,26,9):	-0.1600
Directional Movement:	-22.46
AROON (14):	-85.71
DEMA (21):	17.76
Parabolic SAR (0,02-0,02-0,2):	18.04
Elder Ray (13):	-0.30
Super Trend (3,10):	18.01
Zig ZAG (10):	17.58
VORTEX (21):	0.6800
Stochastique (14,3,5):	9.22
TEMA (21):	17.59
Williams %R (14):	-85.11
Chande Momentum Oscillator (20):	-0.72
Repulse (5,40,3):	-1.3000
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	6.63

MA7:	18.03
MA20:	17.74
MA50:	17.61
MA100:	18.81
MAexp7:	17.68
MAexp20:	17.93
MAexp50:	18.02
MAexp100:	17.94
Price / MA7:	-2.50%
Price / MA20:	-0.90%
Price / MA50:	-0.17%
Price / MA100:	-6.54%
Price / MAexp7:	-0.57%
Price / MAexp20:	-1.95%
Price / MAexp50:	-2.44%
Price / MAexp100:	-2.01%

Quotes : - 15 min delayed data - Euronext Paris

News

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