SOFINA - 1H - Technical analysis published on 09/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 250.8 EUR
My targets
259.6 EUR (+1.41%)
272.7 EUR (+6.54%)
My analysis
SOFINA is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 250.8 EUR. The next resistance located at 259.6 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 272.7 EUR. After this resistance, buyers could then target 286.3 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOFINA rating is 256.0 EUR. On the day, this instrument gained +0.24% with the lowest point at 255.2 EUR and the highest point at 256.8 EUR. The deviation from the price is +0.31% for the low point and -0.31% for the high point.255.2
256.8
256.0
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOFINA:
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 SOFINA indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku : price is over the cloud
Type : Bullish
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 support of channel
Type : Bullish
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 | 244.0 | 250.8 | 255.5 | 256.0 | 259.6 | 286.3 | 324.8 |
| Change (%) | -4.69% | -2.03% | -0.20% | - | +1.41% | +11.84% | +26.88% |
| Change | -12.0 | -5.2 | -0.5 | - | +3.6 | +30.3 | +68.8 |
| Level | Minor | Minor | Minor | - | Major | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 249.7 | 251.5 | 253.5 | 255.3 | 257.3 | 259.1 | 261.1 |
| Camarilla | 254.4 | 254.7 | 255.1 | 255.4 | 255.8 | 256.1 | 256.5 |
| Woodie | 249.7 | 251.6 | 253.5 | 255.4 | 257.3 | 259.2 | 261.1 |
| Fibonacci | 251.5 | 253.0 | 253.9 | 255.3 | 256.8 | 257.7 | 259.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 236.7 | 242.9 | 248.7 | 254.9 | 260.7 | 266.9 | 272.7 |
| Camarilla | 251.3 | 252.4 | 253.5 | 254.6 | 255.7 | 256.8 | 257.9 |
| Woodie | 236.6 | 242.8 | 248.6 | 254.8 | 260.6 | 266.8 | 272.6 |
| Fibonacci | 242.9 | 247.5 | 250.3 | 254.9 | 259.5 | 262.3 | 266.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 176.5 | 185.3 | 202.7 | 211.5 | 228.9 | 237.7 | 255.1 |
| Camarilla | 212.8 | 215.2 | 217.6 | 220.0 | 222.4 | 224.8 | 227.2 |
| Woodie | 180.7 | 187.5 | 206.9 | 213.7 | 233.1 | 239.9 | 259.3 |
| Fibonacci | 185.3 | 195.3 | 201.5 | 211.5 | 221.5 | 227.7 | 237.7 |
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): | 57.30 | |
| MACD (12,26,9): | 0.6000 | |
| Directional Movement: | 4.7 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 255.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 253.4 | |
| Elder Ray (13): | 0.7 | |
| Super Trend (3,10): | 252.4 | |
| Zig ZAG (10): | 256.0 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 73.00 | |
| TEMA (21): | 256.0 | |
| Williams %R (14): | -26.10 | |
| Chande Momentum Oscillator (20): | 2.8 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.30 |
| MA7: | 254.9 | |
| MA20: | 243.7 | |
| MA50: | 226.0 | |
| MA100: | 221.9 | |
| MAexp7: | 255.6 | |
| MAexp20: | 254.7 | |
| MAexp50: | 254.2 | |
| MAexp100: | 251.1 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +5.05% | |
| Price / MA50: | +13.27% | |
| Price / MA100: | +15.37% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | +0.71% | |
| Price / MAexp100: | +1.95% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
SofinaThis member declared not having a position on this financial instrument or a related financial instrument.
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