Londinia Opportunities Analyses - 05/06/2024 (GMT) WOORI FIN. GROUP - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 31.19 USD
My targets
32.56 USD (+2.68%)
33.46 USD (+5.52%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WOORI FIN. GROUP as long as the price remains well above 31.19 USD. The buyers' bullish objective is set at 32.56 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.46 USD. If there is any crossing, the next objective would be the resistance located at 34.21 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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 WOORI FIN. GROUP rating is 31.71 USD. The price registered a decrease of -0.06% on the session and was between 31.65 USD and 31.88 USD. This implies that the price is at +0.19% from its lowest and at -0.53% from its highest.31.65
31.88
31.71
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
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 WOORI FIN. GROUP 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.54 | 31.19 | 31.60 | 31.71 | 32.56 | 33.46 | 34.21 |
| Change (%) | -3.69% | -1.64% | -0.35% | - | +2.68% | +5.52% | +7.88% |
| Change | -1.17 | -0.52 | -0.11 | - | +0.85 | +1.75 | +2.50 |
| Level | Intermediate | Intermediate | Major | - | 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 | 31.15 | 31.30 | 31.51 | 31.66 | 31.87 | 32.02 | 32.23 |
| Camarilla | 31.63 | 31.66 | 31.70 | 31.73 | 31.76 | 31.80 | 31.83 |
| Woodie | 31.19 | 31.32 | 31.55 | 31.68 | 31.91 | 32.04 | 32.27 |
| Fibonacci | 31.30 | 31.43 | 31.52 | 31.66 | 31.79 | 31.88 | 32.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.54 | 30.04 | 30.88 | 31.38 | 32.22 | 32.72 | 33.56 |
| Camarilla | 31.36 | 31.48 | 31.61 | 31.73 | 31.85 | 31.98 | 32.10 |
| Woodie | 29.72 | 30.13 | 31.06 | 31.47 | 32.40 | 32.81 | 33.74 |
| Fibonacci | 30.04 | 30.55 | 30.87 | 31.38 | 31.89 | 32.21 | 32.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.48 | 26.99 | 29.09 | 30.60 | 32.70 | 34.21 | 36.31 |
| Camarilla | 30.21 | 30.54 | 30.87 | 31.20 | 31.53 | 31.86 | 32.19 |
| Woodie | 25.79 | 27.14 | 29.40 | 30.75 | 33.01 | 34.36 | 36.62 |
| Fibonacci | 26.99 | 28.37 | 29.22 | 30.60 | 31.98 | 32.83 | 34.21 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.72 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 14.89 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 31.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.85 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 30.95 | |
| Zig ZAG (10): | 31.71 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 87.97 | |
| TEMA (21): | 31.71 | |
| Williams %R (14): | -13.49 | |
| Chande Momentum Oscillator (20): | 0.89 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 5.11 |
| MA7: | 31.32 | |
| MA20: | 30.47 | |
| MA50: | 31.63 | |
| MA100: | 30.46 | |
| MAexp7: | 31.62 | |
| MAexp20: | 31.38 | |
| MAexp50: | 31.11 | |
| MAexp100: | 30.92 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +4.07% | |
| Price / MA50: | +0.25% | |
| Price / MA100: | +4.10% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | +1.93% | |
| Price / MAexp100: | +2.55% |
Quotes :
-
15 min delayed data
-
Actions NYSE