Londinia Opportunities Analyses - 04/25/2024 (GMT) SECO - 1H
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EUR
(-)
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15 min delayed data - Italy Stocks
| Type: | Stocks |
| Ticker: | IOT |
| ISIN: | IT0005438046 |
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
67%
11%
22%
My opinion
Bullish above 3.433 EUR
My targets
3.524 EUR (+1.56%)
3.694 EUR (+6.46%)
My analysis
The bullish trend is currently very strong on SECO. As long as the price remains above the support at 3.433 EUR, you could try to benefit from the boom. The first bullish objective is located at 3.524 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.694 EUR as an objective. Crossing it would then enable buyers to target 3.740 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.
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
7.9
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Additional analysis
Quotes
SECO rating 3.470 EUR. The price registered an increase of +1.31% on the session and was between 3.415 EUR and 3.485 EUR. This implies that the price is at +1.61% from its lowest and at -0.43% from its highest.3.415
3.485
3.470
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of SECO indicates that the overall trend is strongly bullish. 92.86% 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 currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.321 | 3.374 | 3.433 | 3.470 | 3.524 | 3.694 | 3.740 |
| Change (%) | -4.29% | -2.77% | -1.07% | - | +1.56% | +6.46% | +7.78% |
| Change | -0.149 | -0.096 | -0.037 | - | +0.054 | +0.224 | +0.270 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.272 | 3.328 | 3.377 | 3.433 | 3.482 | 3.538 | 3.587 |
| Camarilla | 3.396 | 3.406 | 3.415 | 3.425 | 3.435 | 3.444 | 3.454 |
| Woodie | 3.268 | 3.326 | 3.373 | 3.431 | 3.478 | 3.536 | 3.583 |
| Fibonacci | 3.328 | 3.368 | 3.393 | 3.433 | 3.473 | 3.498 | 3.538 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.980 | 3.090 | 3.170 | 3.280 | 3.360 | 3.470 | 3.550 |
| Camarilla | 3.198 | 3.215 | 3.233 | 3.250 | 3.267 | 3.285 | 3.302 |
| Woodie | 2.965 | 3.083 | 3.155 | 3.273 | 3.345 | 3.463 | 3.535 |
| Fibonacci | 3.090 | 3.163 | 3.207 | 3.280 | 3.353 | 3.397 | 3.470 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.816 | 3.044 | 3.342 | 3.570 | 3.868 | 4.096 | 4.394 |
| Camarilla | 3.495 | 3.544 | 3.592 | 3.640 | 3.688 | 3.736 | 3.785 |
| Woodie | 2.851 | 3.062 | 3.377 | 3.588 | 3.903 | 4.114 | 4.429 |
| Fibonacci | 3.044 | 3.245 | 3.369 | 3.570 | 3.771 | 3.895 | 4.096 |
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): | 63.47 | |
| MACD (12,26,9): | 0.0330 | |
| Directional Movement: | 15.930 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 3.454 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.486 | |
| Elder Ray (13): | 0.037 | |
| Super Trend (3,10): | 3.380 | |
| Zig ZAG (10): | 3.465 | |
| VORTEX (21): | 1.0970 | |
| Stochastique (14,3,5): | 67.65 | |
| TEMA (21): | 3.468 | |
| Williams %R (14): | -14.71 | |
| Chande Momentum Oscillator (20): | 0.065 | |
| Repulse (5,40,3): | -1.6010 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1470 | |
| Courbe Coppock: | 5.68 |
| MA7: | 3.369 | |
| MA20: | 3.407 | |
| MA50: | 3.401 | |
| MA100: | 3.292 | |
| MAexp7: | 3.441 | |
| MAexp20: | 3.411 | |
| MAexp50: | 3.370 | |
| MAexp100: | 3.368 | |
| Price / MA7: | +3.00% | |
| Price / MA20: | +1.85% | |
| Price / MA50: | +2.03% | |
| Price / MA100: | +5.41% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +1.73% | |
| Price / MAexp50: | +2.97% | |
| Price / MAexp100: | +3.03% |
Quotes :
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15 min delayed data
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Actions Italie
News
The last news published on SECO at the time of the generation of this analysis was as follows: