Londinia Opportunities Analyses - 05/06/2024 (GMT) DAMICO - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	DIS
ISIN:	LU2592315662

Londinia

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%

17%

11%

My opinion

Bullish above 6.74 EUR

My targets

6.91 EUR (+1.47%)

7.19 EUR (+5.58%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DAMICO as long as the price remains well above 6.74 EUR. The buyers' bullish objective is set at 6.91 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.19 EUR. If there is any crossing, the next objective would be the resistance located at 9.66 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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.

Additional analysis

Quotes

The DAMICO price is 6.81 EUR. The price has increased by +3.34% since the last closing with the lowest point at 6.59 EUR and the highest point at 6.85 EUR. The deviation from the price is +3.34% for the low point and -0.58% for the high point.

6.59

6.85

6.81

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 DAMICO in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.47	6.64	6.74	6.81	6.91	7.19	9.66
Change (%)	-4.99%	-2.50%	-1.03%	-	+1.47%	+5.58%	+41.85%
Change	-0.34	-0.17	-0.07	-	+0.10	+0.38	+2.85
Level	Major	Minor	Intermediate	-	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	6.21	6.37	6.48	6.64	6.75	6.91	7.02
Camarilla	6.52	6.54	6.57	6.59	6.62	6.64	6.66
Woodie	6.19	6.36	6.46	6.63	6.73	6.90	7.00
Fibonacci	6.37	6.47	6.54	6.64	6.74	6.81	6.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.78	6.07	6.33	6.62	6.88	7.17	7.43
Camarilla	6.44	6.49	6.54	6.59	6.64	6.69	6.74
Woodie	5.77	6.06	6.32	6.61	6.87	7.16	7.42
Fibonacci	6.07	6.28	6.41	6.62	6.83	6.96	7.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.15	5.52	6.13	6.50	7.11	7.48	8.09
Camarilla	6.46	6.55	6.64	6.73	6.82	6.91	7.00
Woodie	5.26	5.58	6.24	6.56	7.22	7.54	8.20
Fibonacci	5.52	5.90	6.13	6.50	6.88	7.11	7.48

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):	61.38
MACD (12,26,9):	0.0200
Directional Movement:	12.27
AROON (14):	-64.29
DEMA (21):	6.73
Parabolic SAR (0,02-0,02-0,2):	6.54
Elder Ray (13):	0.12
Super Trend (3,10):	6.55
Zig ZAG (10):	6.82
VORTEX (21):	1.0200
Stochastique (14,3,5):	57.89
TEMA (21):	6.68
Williams %R (14):	-23.68
Chande Momentum Oscillator (20):	0.05
Repulse (5,40,3):	3.1800
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	2.78

MA7:	6.55
MA20:	6.27
MA50:	6.18
MA100:	5.97
MAexp7:	6.71
MAexp20:	6.70
MAexp50:	6.59
MAexp100:	6.45
Price / MA7:	+3.97%
Price / MA20:	+8.61%
Price / MA50:	+10.19%
Price / MA100:	+14.07%
Price / MAexp7:	+1.49%
Price / MAexp20:	+1.64%
Price / MAexp50:	+3.34%
Price / MAexp100:	+5.58%

Quotes : - 15 min delayed data - Actions Italie

News

Don't forget to follow the news on DAMICO. At the time of publication of this analysis, the latest news was as follows: