SAIPEM - Daily - Technical analysis published on 07/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.4050 EUR
My targets
1.5306 EUR (+3.77%)
1.5537 EUR (+5.33%)
My analysis
The bullish trend is currently very strong on SAIPEM. As long as the price remains above the support at 1.4050 EUR, you could try to benefit from the boom. The first bullish objective is located at 1.5306 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.5537 EUR as an objective. Crossing it would then enable buyers to target 3.4267 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SAIPEM price is 1.4750 EUR. The price registered an increase of +1.03% on the session and was traded between 1.4425 EUR and 1.4750 EUR over the period. The price is currently at +2.25% from its lowest and 0% from its highest.1.4425
1.4750
1.4750
Here is a more detailed summary of the historical variations registered by SAIPEM:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SAIPEM chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 100
Type : Bullish
Timeframe : Daily
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.1625 | 1.3160 | 1.4050 | 1.4750 | 1.5306 | 3.4267 | 7.2235 |
Change (%) | -21.19% | -10.78% | -4.75% | - | +3.77% | +132.32% | +389.73% |
Change | -0.3125 | -0.1590 | -0.0700 | - | +0.0556 | +1.9517 | +5.7485 |
Level | Intermediate | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.3518 | 1.3737 | 1.4168 | 1.4387 | 1.4818 | 1.5037 | 1.5468 |
Camarilla | 1.4421 | 1.4481 | 1.4540 | 1.4600 | 1.4660 | 1.4719 | 1.4779 |
Woodie | 1.3625 | 1.3790 | 1.4275 | 1.4440 | 1.4925 | 1.5090 | 1.5575 |
Fibonacci | 1.3737 | 1.3985 | 1.4138 | 1.4387 | 1.4635 | 1.4788 | 1.5037 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.1543 | 1.2157 | 1.3378 | 1.3992 | 1.5213 | 1.5827 | 1.7048 |
Camarilla | 1.4095 | 1.4264 | 1.4432 | 1.4600 | 1.4768 | 1.4936 | 1.5105 |
Woodie | 1.1848 | 1.2309 | 1.3683 | 1.4144 | 1.5518 | 1.5979 | 1.7353 |
Fibonacci | 1.2157 | 1.2858 | 1.3291 | 1.3992 | 1.4693 | 1.5126 | 1.5827 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.9717 | 1.0563 | 1.1657 | 1.2503 | 1.3597 | 1.4443 | 1.5537 |
Camarilla | 1.2217 | 1.2394 | 1.2572 | 1.2750 | 1.2928 | 1.3106 | 1.3284 |
Woodie | 0.9840 | 1.0625 | 1.1780 | 1.2565 | 1.3720 | 1.4505 | 1.5660 |
Fibonacci | 1.0563 | 1.1304 | 1.1762 | 1.2503 | 1.3244 | 1.3702 | 1.4443 |
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): | 72.83 | |
MACD (12,26,9): | 0.0409 | |
Directional Movement: | 25.6165 | |
AROON (14): | 71.4286 | |
DEMA (21): | 1.3546 | |
Parabolic SAR (0,02-0,02-0,2): | 1.2295 | |
Elder Ray (13): | 0.1169 | |
Super Trend (3,10): | 1.3131 | |
Zig ZAG (10): | 1.4675 | |
VORTEX (21): | 1.1187 | |
Stochastique (14,3,5): | 96.42 | |
TEMA (21): | 1.4035 | |
Williams %R (14): | -2.41 | |
Chande Momentum Oscillator (20): | 0.2485 | |
Repulse (5,40,3): | 7.3377 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1042 | |
Courbe Coppock: | 22.97 |
MA7: | 1.3827 | |
MA20: | 1.2813 | |
MA50: | 1.2784 | |
MA100: | 1.3336 | |
MAexp7: | 1.3889 | |
MAexp20: | 1.3154 | |
MAexp50: | 1.2993 | |
MAexp100: | 1.2848 | |
Price / MA7: | +6.68% | |
Price / MA20: | +15.12% | |
Price / MA50: | +15.38% | |
Price / MA100: | +10.60% | |
Price / MAexp7: | +6.20% | |
Price / MAexp20: | +12.13% | |
Price / MAexp50: | +13.52% | |
Price / MAexp100: | +14.80% |
Quotes :
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15 min delayed data
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Italy Stocks
News
The last news published on SAIPEM at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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