Londinia Opportunities Analyses - 05/17/2024 (GMT) SUPER GROUP SGHC - 1H
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USD
(-)
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15 min delayed data - NYSE Stocks
| Type: | Stocks |
| Ticker: | SGHC |
| ISIN: | GG00BMG42V42 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 3.50 USD
My targets
3.60 USD (+1.41%)
3.70 USD (+4.23%)
My analysis
SUPER GROUP SGHC 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 3.50 USD. The next resistance located at 3.60 USD 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 3.70 USD. After this resistance, buyers could then target 3.83 USD. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
SUPER GROUP SGHC rating 3.55 USD. The price registered an increase of +1.43% on the session and was traded between 3.48 USD and 3.55 USD over the period. The price is currently at +2.01% from its lowest and 0% from its highest.3.48
3.55
3.55
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SUPER GROUP SGHC indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.25 | 3.38 | 3.50 | 3.55 | 3.60 | 3.70 | 3.83 |
| Change (%) | -8.45% | -4.79% | -1.41% | - | +1.41% | +4.23% | +7.89% |
| Change | -0.30 | -0.17 | -0.05 | - | +0.05 | +0.15 | +0.28 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Major |
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 | 3.40 | 3.43 | 3.46 | 3.49 | 3.52 | 3.55 | 3.58 |
| Camarilla | 3.48 | 3.49 | 3.50 | 3.50 | 3.51 | 3.51 | 3.52 |
| Woodie | 3.41 | 3.43 | 3.47 | 3.49 | 3.53 | 3.55 | 3.59 |
| Fibonacci | 3.43 | 3.45 | 3.46 | 3.49 | 3.51 | 3.52 | 3.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.98 | 3.14 | 3.24 | 3.40 | 3.50 | 3.66 | 3.76 |
| Camarilla | 3.28 | 3.30 | 3.33 | 3.35 | 3.37 | 3.40 | 3.42 |
| Woodie | 2.96 | 3.13 | 3.22 | 3.39 | 3.48 | 3.65 | 3.74 |
| Fibonacci | 3.14 | 3.24 | 3.30 | 3.40 | 3.50 | 3.56 | 3.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.35 | 2.63 | 2.89 | 3.17 | 3.43 | 3.71 | 3.97 |
| Camarilla | 3.01 | 3.06 | 3.11 | 3.16 | 3.21 | 3.26 | 3.31 |
| Woodie | 2.35 | 2.63 | 2.89 | 3.17 | 3.43 | 3.71 | 3.97 |
| Fibonacci | 2.63 | 2.83 | 2.96 | 3.17 | 3.37 | 3.50 | 3.71 |
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): | 60.01 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 7.46 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 3.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.45 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 3.43 | |
| Zig ZAG (10): | 3.50 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 71.43 | |
| TEMA (21): | 3.51 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.8900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.27 |
| MA7: | 3.47 | |
| MA20: | 3.30 | |
| MA50: | 3.33 | |
| MA100: | 3.22 | |
| MAexp7: | 3.50 | |
| MAexp20: | 3.49 | |
| MAexp50: | 3.45 | |
| MAexp100: | 3.39 | |
| Price / MA7: | +2.31% | |
| Price / MA20: | +7.58% | |
| Price / MA50: | +6.61% | |
| Price / MA100: | +10.25% | |
| Price / MAexp7: | +1.43% | |
| Price / MAexp20: | +1.72% | |
| Price / MAexp50: | +2.90% | |
| Price / MAexp100: | +4.72% |
Quotes :
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15 min delayed data
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Actions NYSE
News
The latest news and videos published on SUPER GROUP SGHC at the time of the analysis were as follows: