Londinia Opportunities Analyses - 04/24/2024 (GMT) ERG - 1H
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EUR
(-)
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15 min delayed data - Italy Stocks
| Type: | Stocks |
| Ticker: | ERG |
| ISIN: | IT0001157020 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 23.96 EUR
My targets
24.60 EUR (+1.40%)
25.41 EUR (+4.74%)
My analysis
ERG is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 23.96 EUR. The next resistance located at 24.60 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 25.41 EUR. After this resistance, buyers could then target 26.15 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8
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Additional analysis
Quotes
The ERG rating is 24.26 EUR. The price is lower by -0.33% since the last closing and was between 24.12 EUR and 24.44 EUR. This implies that the price is at +0.58% from its lowest and at -0.74% from its highest.24.12
24.44
24.26
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ERG in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.34 | 23.81 | 23.96 | 24.26 | 24.32 | 24.60 | 25.41 |
| Change (%) | -3.79% | -1.85% | -1.24% | - | +0.25% | +1.40% | +4.74% |
| Change | -0.92 | -0.45 | -0.30 | - | +0.06 | +0.34 | +1.15 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.68 | 23.82 | 24.08 | 24.22 | 24.48 | 24.62 | 24.88 |
| Camarilla | 24.23 | 24.27 | 24.30 | 24.34 | 24.38 | 24.41 | 24.45 |
| Woodie | 23.74 | 23.85 | 24.14 | 24.25 | 24.54 | 24.65 | 24.94 |
| Fibonacci | 23.82 | 23.97 | 24.07 | 24.22 | 24.37 | 24.47 | 24.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.41 | 22.87 | 23.59 | 24.05 | 24.77 | 25.23 | 25.95 |
| Camarilla | 23.98 | 24.08 | 24.19 | 24.30 | 24.41 | 24.52 | 24.63 |
| Woodie | 22.53 | 22.94 | 23.71 | 24.12 | 24.89 | 25.30 | 26.07 |
| Fibonacci | 22.87 | 23.32 | 23.60 | 24.05 | 24.50 | 24.78 | 25.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.71 | 20.87 | 22.07 | 24.23 | 25.43 | 27.59 | 28.79 |
| Camarilla | 22.36 | 22.66 | 22.97 | 23.28 | 23.59 | 23.90 | 24.20 |
| Woodie | 18.24 | 20.63 | 21.60 | 23.99 | 24.96 | 27.35 | 28.32 |
| Fibonacci | 20.87 | 22.15 | 22.94 | 24.23 | 25.51 | 26.30 | 27.59 |
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): | 58.68 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | -1.69 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 24.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.97 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 24.47 | |
| Zig ZAG (10): | 24.28 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 73.33 | |
| TEMA (21): | 24.26 | |
| Williams %R (14): | -29.17 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | -0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.04 |
| MA7: | 24.14 | |
| MA20: | 23.71 | |
| MA50: | 24.45 | |
| MA100: | 25.84 | |
| MAexp7: | 24.26 | |
| MAexp20: | 24.23 | |
| MAexp50: | 24.14 | |
| MAexp100: | 23.99 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +2.32% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | -6.11% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +1.13% |
Quotes :
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15 min delayed data
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Actions Italie
News
Don't forget to follow the news on ERG. At the time of publication of this analysis, the latest news was as follows:
ERG