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Valneva: Is that a good point to buy? - Financial Trends

Valneva: Is that a good point to buy?

The Valneva stock is a relatively volatile security. For example, from December of last year to June of this year, the stock plummeted by around 75%. Shortly thereafter, it went up again by more than 100%, only to drop again by more than 30% until today. It can be seen as positive at the moment that the low of EUR 7.22 generated in June is currently being defended on the Frankfurt Stock Exchange.

During the recent trading days, a stabilization at the smooth and therefore also psychologically interesting 10.00 EUR mark can be seen. Ideally, the bulls manage to break the small resistance of around 10.90 EUR to provide a small internal buy signal. This could then realize a move towards the large resistance zone of 15.00 to 18.00 EUR. All in all, the share is still in an intact downtrend overarchingly.

Valneva stock – the trend situation is not really convincing!

Macd Oscillator: It is looked at the often used indicator, whether the signal line is above the trigger line. In addition, also whether the Macd is above zero. From a total of 10 Macd analyses, only half is positive. This is not very convincing. There must come more!

Moving averages: Now we will check if the GDs are rising for Valneva stock. This is because rising GDs indicate an uptrend. Out of a total of 10 moving averages, only 3 are rising. In this respect, this can unfortunately be described as bearish.

Parabolic SAR indicator: The last thing to analyze is whether the indicator is below the closing price. If yes, then a confirmed uptrend is given. Out of a total of 10 Parabolic SAR evaluations, only 2 are positive. In this respect, this is to be described as very bearish.