Londinia Opportunities Analyses - 05/06/2024 (GMT) ALIGHT INC. CLASS A - 1H

ALIGHT INC. CLASS A
- USD (-)
- 15 min delayed data - NYSE Stocks
Type: Stocks
Ticker: ALIT
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • U.S. Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 9.34 USD
My targets
9.61 USD (+1.91%)
9.93 USD (+5.30%)
My analysis
The bullish trend is currently very strong on ALIGHT INC. CLASS A. As long as the price remains above the support at 9.34 USD, you could try to benefit from the boom. The first bullish objective is located at 9.61 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.93 USD as an objective. Crossing it would then enable buyers to target 10.04 USD. 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
8.2

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Additional analysis

Quotes

ALIGHT INC. CLASS A rating 9.43 USD. The price has increased by +1.40% since the last closing and was between 9.35 USD and 9.44 USD. This implies that the price is at +0.86% from its lowest and at -0.11% from its highest.

9.35
9.44
9.43

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ALIGHT INC. CLASS A chart shows a strongly bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.10 9.24 9.34 9.43 9.61 9.93 10.04
Change (%) -3.50% -2.01% -0.95% - +1.91% +5.30% +6.47%
Change -0.33 -0.19 -0.09 - +0.18 +0.50 +0.61
Level Major Minor Major - Intermediate Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.149.229.269.349.389.469.50
Camarilla9.279.289.299.309.319.329.33
Woodie9.129.219.249.339.369.459.48
Fibonacci9.229.279.299.349.399.419.46


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.568.759.039.229.509.699.97
Camarilla9.179.219.269.309.349.399.43
Woodie8.608.779.079.249.549.7110.01
Fibonacci8.758.939.049.229.409.519.69


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.708.338.679.309.6410.2710.61
Camarilla8.758.848.939.029.119.209.29
Woodie7.578.268.549.239.5110.2010.48
Fibonacci8.338.708.939.309.679.9010.27

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): 62.69
MACD (12,26,9): 0.0700
Directional Movement: 21.85
AROON (14): 92.86
DEMA (21): 9.33
Parabolic SAR (0,02-0,02-0,2): 9.15
Elder Ray (13): 0.11
Super Trend (3,10): 9.15
Zig ZAG (10): 9.40
VORTEX (21): 1.1000
Stochastique (14,3,5): 81.11
TEMA (21): 9.38
Williams %R (14): -13.54
Chande Momentum Oscillator (20): 0.29
Repulse (5,40,3): -0.5200
ROCnROLL: 1
TRIX (15,9): 0.0700
Courbe Coppock: 6.33
MA7: 9.18
MA20: 9.19
MA50: 9.26
MA100: 9.01
MAexp7: 9.33
MAexp20: 9.25
MAexp50: 9.19
MAexp100: 9.20
Price / MA7: +2.72%
Price / MA20: +2.61%
Price / MA50: +1.84%
Price / MA100: +4.66%
Price / MAexp7: +1.07%
Price / MAexp20: +1.95%
Price / MAexp50: +2.61%
Price / MAexp100: +2.50%

Quotes : - 15 min delayed data - Actions NYSE