ALGREEN - Daily - Technical analysis published on 09/15/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 0.1000 EUR
My targets
0.1137 EUR (+3.81%)
0.1463 EUR (+33.63%)
My analysis
The basic bullish trend is very strong on ALGREEN but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.1000 EUR. Crossing the first resistance at 0.1137 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.1463 EUR as an objective. Crossing it would then enable buyers to target 0.1700 EUR. Caution, a return to below 0.1000 EUR would be a sign of a consolidation phase in the short-term basic trend. 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 bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.5
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Additional analysis
Quotes
The ALGREEN price is 0.1095 EUR. On the day, this instrument gained +21.13% and was between 0.0900 EUR and 0.1100 EUR. This implies that the price is at +21.67% from its lowest and at -0.45% from its highest.0.0900
0.1100
0.1095
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ALGREEN indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.0315 | 0.0561 | 0.1000 | 0.1095 | 0.1700 | 0.4380 | 2.0000 |
| Change (%) | -71.23% | -48.77% | -8.68% | - | +55.25% | +300.00% | +1,726.48% |
| Change | -0.0780 | -0.0534 | -0.0095 | - | +0.0605 | +0.3285 | +1.8905 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0504 | 0.0702 | 0.0803 | 0.1001 | 0.1102 | 0.1300 | 0.1401 |
| Camarilla | 0.0822 | 0.0849 | 0.0877 | 0.0904 | 0.0931 | 0.0959 | 0.0986 |
| Woodie | 0.0456 | 0.0678 | 0.0755 | 0.0977 | 0.1054 | 0.1276 | 0.1353 |
| Fibonacci | 0.0702 | 0.0816 | 0.0887 | 0.1001 | 0.1115 | 0.1186 | 0.1300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0447 | 0.0773 | 0.1137 | 0.1463 | 0.1827 | 0.2153 | 0.2517 |
| Camarilla | 0.1310 | 0.1374 | 0.1437 | 0.1500 | 0.1563 | 0.1627 | 0.1690 |
| Woodie | 0.0465 | 0.0783 | 0.1155 | 0.1473 | 0.1845 | 0.2163 | 0.2535 |
| Fibonacci | 0.0773 | 0.1037 | 0.1200 | 0.1463 | 0.1727 | 0.1890 | 0.2153 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.1665 | -0.0832 | 0.0084 | 0.0917 | 0.1833 | 0.2666 | 0.3582 |
| Camarilla | 0.0519 | 0.0679 | 0.0840 | 0.1000 | 0.1160 | 0.1321 | 0.1481 |
| Woodie | -0.1624 | -0.0811 | 0.0126 | 0.0938 | 0.1875 | 0.2687 | 0.3624 |
| Fibonacci | -0.0832 | -0.0164 | 0.0249 | 0.0917 | 0.1585 | 0.1998 | 0.2666 |
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): | 53.38 | |
| MACD (12,26,9): | 0.0255 | |
| Directional Movement: | 6.4131 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.1444 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0900 | |
| Elder Ray (13): | -0.0205 | |
| Super Trend (3,10): | 0.0778 | |
| Zig ZAG (10): | 0.1095 | |
| VORTEX (21): | 0.9174 | |
| Stochastique (14,3,5): | 24.22 | |
| TEMA (21): | 0.1486 | |
| Williams %R (14): | -78.09 | |
| Chande Momentum Oscillator (20): | -0.0104 | |
| Repulse (5,40,3): | -12.5625 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 9.4497 | |
| Courbe Coppock: | 35,930.26 |
| MA7: | 0.1328 | |
| MA20: | 0.1121 | |
| MA50: | 0.0450 | |
| MA100: | 0.0226 | |
| MAexp7: | 0.1230 | |
| MAexp20: | 0.1076 | |
| MAexp50: | 0.0657 | |
| MAexp100: | 0.0418 | |
| Price / MA7: | -17.55% | |
| Price / MA20: | -2.32% | |
| Price / MA50: | +143.33% | |
| Price / MA100: | +384.51% | |
| Price / MAexp7: | -10.98% | |
| Price / MAexp20: | +1.77% | |
| Price / MAexp50: | +66.67% | |
| Price / MAexp100: | +161.96% |
Quotes :
-
15 min delayed data
-
Euronext Paris
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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