ERG

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ERG
ISIN:	IT0001157020

ERG - 1H - Technical analysis published on 12/20/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 27.80 EUR

My targets

28.32 EUR (+1.14%)

30.29 EUR (+8.18%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ERG as long as the price remains well above 27.80 EUR. The buyers' bullish objective is set at 28.32 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.29 EUR. If there is any crossing, the next objective would be the resistance located at 34.32 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ERG rating is 28.00 EUR. On the day, this instrument gained +0.79% with the lowest point at 27.62 EUR and the highest point at 28.00 EUR. The deviation from the price is +1.38% for the low point and 0% for the high point.

27.62

28.00

Here is a more detailed summary of the historical variations registered by ERG:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ERG indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

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 horizontal support

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Upside gap

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.18	27.10	27.80	28.00	28.32	30.29	34.32
Change (%)	-6.50%	-3.21%	-0.71%	-	+1.14%	+8.18%	+22.57%
Change	-1.82	-0.90	-0.20	-	+0.32	+2.29	+6.32
Level	Intermediate	Minor	Major	-	Intermediate	Intermediate	Major

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	27.29	27.45	27.61	27.77	27.93	28.09	28.25
Camarilla	27.69	27.72	27.75	27.78	27.81	27.84	27.87
Woodie	27.30	27.45	27.62	27.77	27.94	28.09	28.26
Fibonacci	27.45	27.57	27.64	27.77	27.89	27.96	28.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.11	24.93	26.51	27.33	28.91	29.73	31.31
Camarilla	27.42	27.64	27.86	28.08	28.30	28.52	28.74
Woodie	24.48	25.12	26.88	27.52	29.28	29.92	31.68
Fibonacci	24.93	25.85	26.42	27.33	28.25	28.82	29.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.81	21.19	23.75	25.13	27.69	29.07	31.63
Camarilla	25.24	25.60	25.96	26.32	26.68	27.04	27.40
Woodie	20.41	21.49	24.35	25.43	28.29	29.37	32.23
Fibonacci	21.19	22.69	23.62	25.13	26.63	27.56	29.07

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):	56.65
MACD (12,26,9):	0.0300
Directional Movement:	13.52
AROON (14):	64.29
DEMA (21):	27.85
Parabolic SAR (0,02-0,02-0,2):	27.63
Elder Ray (13):	0.13
Super Trend (3,10):	27.59
Zig ZAG (10):	27.94
VORTEX (21):	0.9900
Stochastique (14,3,5):	87.73
TEMA (21):	27.77
Williams %R (14):	-5.56
Chande Momentum Oscillator (20):	0.10
Repulse (5,40,3):	0.4800
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.36

MA7:	27.49
MA20:	26.73
MA50:	24.91
MA100:	24.53
MAexp7:	27.84
MAexp20:	27.80
MAexp50:	27.62
MAexp100:	27.25
Price / MA7:	+1.86%
Price / MA20:	+4.75%
Price / MA50:	+12.40%
Price / MA100:	+14.15%
Price / MAexp7:	+0.57%
Price / MAexp20:	+0.72%
Price / MAexp50:	+1.38%
Price / MAexp100:	+2.75%

Quotes : - 15 min delayed data - Italy Stocks

News

The last news published on ERG 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.

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