AZERION - 1H - Technical analysis published on 05/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
61%
11%
28%
My opinion
Bullish above 1.280 EUR
My targets
1.432 EUR (+6.84%)
1.500 EUR (+11.94%)
My analysis
The current short-term bullish acceleration on AZERION should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 1.280 EUR. Short-term buyers will use the resistance located at 1.432 EUR as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 1.500 EUR. Crossing this resistance would then open the door for buyers to target 1.585 EUR. Caution, if there is a return to under 1.280 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
3
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Additional analysis
Quotes
The AZERION rating is 1.340 EUR. On the day, this instrument gained +5.10% and was between 1.275 EUR and 1.340 EUR. This implies that the price is at +5.10% from its lowest and at 0% from its highest.1.275
1.340
1.340
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AZERION chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.280 | 1.340 | 1.500 | 1.585 | 1.690 |
| Change (%) | -4.48% | - | +11.94% | +18.28% | +26.12% |
| Change | -0.060 | - | +0.160 | +0.245 | +0.350 |
| Level | Major | - | Minor | 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 | 1.248 | 1.262 | 1.268 | 1.282 | 1.288 | 1.302 | 1.308 |
| Camarilla | 1.270 | 1.271 | 1.273 | 1.275 | 1.277 | 1.279 | 1.281 |
| Woodie | 1.245 | 1.260 | 1.265 | 1.280 | 1.285 | 1.300 | 1.305 |
| Fibonacci | 1.262 | 1.269 | 1.274 | 1.282 | 1.289 | 1.294 | 1.302 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.163 | 1.222 | 1.268 | 1.327 | 1.373 | 1.432 | 1.478 |
| Camarilla | 1.286 | 1.296 | 1.305 | 1.315 | 1.325 | 1.334 | 1.344 |
| Woodie | 1.158 | 1.219 | 1.263 | 1.324 | 1.368 | 1.429 | 1.473 |
| Fibonacci | 1.222 | 1.262 | 1.287 | 1.327 | 1.367 | 1.392 | 1.432 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.680 | 1.015 | 1.190 | 1.525 | 1.700 | 2.035 | 2.210 |
| Camarilla | 1.225 | 1.272 | 1.318 | 1.365 | 1.412 | 1.459 | 1.505 |
| Woodie | 0.600 | 0.975 | 1.110 | 1.485 | 1.620 | 1.995 | 2.130 |
| Fibonacci | 1.015 | 1.210 | 1.330 | 1.525 | 1.720 | 1.840 | 2.035 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.42 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | 12.192 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 1.290 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.275 | |
| Elder Ray (13): | 0.021 | |
| Super Trend (3,10): | 1.275 | |
| Zig ZAG (10): | 1.320 | |
| VORTEX (21): | 1.0390 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 1.295 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.035 | |
| Repulse (5,40,3): | 3.7310 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0680 | |
| Courbe Coppock: | 0.63 |
| MA7: | 1.309 | |
| MA20: | 1.402 | |
| MA50: | 1.792 | |
| MA100: | 2.866 | |
| MAexp7: | 1.300 | |
| MAexp20: | 1.295 | |
| MAexp50: | 1.308 | |
| MAexp100: | 1.347 | |
| Price / MA7: | +2.37% | |
| Price / MA20: | -4.42% | |
| Price / MA50: | -25.22% | |
| Price / MA100: | -53.24% | |
| Price / MAexp7: | +3.08% | |
| Price / MAexp20: | +3.47% | |
| Price / MAexp50: | +2.45% | |
| Price / MAexp100: | -0.52% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on AZERION at the time of the generation of this analysis was as follows:
- Azerion publishes Notice of Annual General Meeting 2023
- Publication of 2022 Annual Report of Azerion Group N.V.
- AFM has initiated an investigation into irregularities in trading of Azerion shares
- Azerion publishes Interim Unaudited Q4 and FY 2022 Results
- Azerion to propose cancellation of shares held in treasury
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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