Londinia Opportunities Analyses - 05/03/2024 (GMT) ACEA - 1H
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EUR
(-)
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15 min delayed data - Italy Stocks
| Type: | Stocks |
| Ticker: | ACE |
| ISIN: | IT0001207098 |
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:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 16.07 EUR
My targets
16.59 EUR (+1.65%)
16.76 EUR (+2.70%)
My analysis
The basic bullish trend is very strong on ACEA but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 16.07 EUR. Crossing the first resistance at 16.59 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 16.76 EUR as an objective. Crossing it would then enable buyers to target 17.74 EUR. Caution, a return to below 16.07 EUR would be a sign of a consolidation phase in the short-term basic trend. 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
7.7
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Additional analysis
Quotes
The ACEA price is 16.32 EUR. The price has increased by +0.99% since the last closing and was traded between 16.23 EUR and 16.38 EUR over the period. The price is currently at +0.55% from its lowest and -0.37% from its highest.16.23
16.38
16.32
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 ACEA 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 indicate this trend is showing signs of running out of steam. 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
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.47 | 15.90 | 16.07 | 16.32 | 16.36 | 16.59 | 16.76 |
| Change (%) | -5.21% | -2.57% | -1.53% | - | +0.25% | +1.65% | +2.70% |
| Change | -0.85 | -0.42 | -0.25 | - | +0.04 | +0.27 | +0.44 |
| Level | Minor | Major | Minor | - | Minor | 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 | 15.52 | 15.77 | 15.96 | 16.21 | 16.40 | 16.65 | 16.84 |
| Camarilla | 16.04 | 16.08 | 16.12 | 16.16 | 16.20 | 16.24 | 16.28 |
| Woodie | 15.50 | 15.76 | 15.94 | 16.20 | 16.38 | 16.64 | 16.82 |
| Fibonacci | 15.77 | 15.94 | 16.04 | 16.21 | 16.38 | 16.48 | 16.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.93 | 15.27 | 15.68 | 16.02 | 16.43 | 16.77 | 17.18 |
| Camarilla | 15.88 | 15.95 | 16.02 | 16.09 | 16.16 | 16.23 | 16.30 |
| Woodie | 14.97 | 15.29 | 15.72 | 16.04 | 16.47 | 16.79 | 17.22 |
| Fibonacci | 15.27 | 15.56 | 15.73 | 16.02 | 16.31 | 16.48 | 16.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.12 | 14.67 | 15.48 | 16.03 | 16.84 | 17.39 | 18.20 |
| Camarilla | 15.91 | 16.03 | 16.16 | 16.28 | 16.41 | 16.53 | 16.65 |
| Woodie | 14.24 | 14.74 | 15.60 | 16.10 | 16.96 | 17.46 | 18.32 |
| Fibonacci | 14.67 | 15.19 | 15.51 | 16.03 | 16.55 | 16.87 | 17.39 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.89 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 2.98 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 16.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.03 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 16.45 | |
| Zig ZAG (10): | 16.37 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 68.94 | |
| TEMA (21): | 16.25 | |
| Williams %R (14): | -18.18 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.72 |
| MA7: | 16.24 | |
| MA20: | 15.96 | |
| MA50: | 15.40 | |
| MA100: | 14.64 | |
| MAexp7: | 16.30 | |
| MAexp20: | 16.27 | |
| MAexp50: | 16.20 | |
| MAexp100: | 16.09 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +2.26% | |
| Price / MA50: | +5.97% | |
| Price / MA100: | +11.48% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +1.43% |
Quotes :
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15 min delayed data
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Actions Italie
Acea