IVISION TECH - Daily - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.950 EUR
My targets
1.025 EUR (+5.67%)
1.190 EUR (+22.68%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for IVISION TECH as long as the price remains well above 0.950 EUR. The buyers' bullish objective is set at 1.025 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.190 EUR. If there is any crossing, the next objective would be the resistance located at 1.275 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.025 EUR. On this resistance, against the trend traders who would like to go short on IVISION TECH with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.7
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This analysis was given by Londinia.
Additional analysis
Quotes
IVISION TECH rating 0.970 EUR. The price has increased by +12.14% since the last closing with the lowest point at 0.885 EUR and the highest point at 0.970 EUR. The deviation from the price is +9.60% for the low point and 0% for the high point.0.885
0.970
0.970
Here is a more detailed summary of the historical variations registered by IVISION TECH:
Technical
A technical analysis in Daily of this IVISION TECH chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.740 | 0.950 | 0.970 | 1.275 | 1.435 | 1.790 |
| Change (%) | -23.71% | -2.06% | - | +31.44% | +47.94% | +84.54% |
| Change | -0.230 | -0.020 | - | +0.305 | +0.465 | +0.820 |
| Level | Intermediate | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.807 | 0.828 | 0.847 | 0.868 | 0.887 | 0.908 | 0.927 |
| Camarilla | 0.854 | 0.858 | 0.861 | 0.865 | 0.869 | 0.872 | 0.876 |
| Woodie | 0.805 | 0.828 | 0.845 | 0.868 | 0.885 | 0.908 | 0.925 |
| Fibonacci | 0.828 | 0.844 | 0.853 | 0.868 | 0.884 | 0.893 | 0.908 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.807 | 0.823 | 0.837 | 0.853 | 0.867 | 0.883 | 0.897 |
| Camarilla | 0.842 | 0.845 | 0.847 | 0.850 | 0.853 | 0.856 | 0.858 |
| Woodie | 0.805 | 0.823 | 0.835 | 0.853 | 0.865 | 0.883 | 0.895 |
| Fibonacci | 0.823 | 0.835 | 0.842 | 0.853 | 0.865 | 0.872 | 0.883 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.395 | 0.560 | 0.710 | 0.875 | 1.025 | 1.190 | 1.340 |
| Camarilla | 0.773 | 0.802 | 0.831 | 0.860 | 0.889 | 0.918 | 0.947 |
| Woodie | 0.388 | 0.556 | 0.703 | 0.871 | 1.018 | 1.186 | 1.333 |
| Fibonacci | 0.560 | 0.680 | 0.755 | 0.875 | 0.995 | 1.070 | 1.190 |
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): | 65.50 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 20.049 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 0.853 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.754 | |
| Elder Ray (13): | 0.066 | |
| Super Trend (3,10): | 0.789 | |
| Zig ZAG (10): | 0.970 | |
| VORTEX (21): | 0.9490 | |
| Stochastique (14,3,5): | 91.82 | |
| TEMA (21): | 0.881 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.170 | |
| Repulse (5,40,3): | 10.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2220 | |
| Courbe Coppock: | 6.32 |
| MA7: | 0.873 | |
| MA20: | 0.845 | |
| MA50: | 0.874 | |
| MA100: | 0.988 | |
| MAexp7: | 0.880 | |
| MAexp20: | 0.858 | |
| MAexp50: | 0.900 | |
| MAexp100: | 1.018 | |
| Price / MA7: | +11.11% | |
| Price / MA20: | +14.79% | |
| Price / MA50: | +10.98% | |
| Price / MA100: | -1.82% | |
| Price / MAexp7: | +10.23% | |
| Price / MAexp20: | +13.05% | |
| Price / MAexp50: | +7.78% | |
| Price / MAexp100: | -4.72% |
Quotes :
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15 min delayed data
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Italy Stocks
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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