ALTRI SGPS - 1H - Technical analysis published on 07/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 6.105 EUR
My targets
5.813 EUR (-2.79%)
5.705 EUR (-4.60%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALTRI SGPS as long as the price remains well below 6.105 EUR. The sellers' bearish objective is set at 5.813 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.705 EUR. In case of crossing, the next objective would be the support located at 5.628 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALTRI SGPS price is 5.980 EUR. The price registered a decrease of -1.16% on the session and was between 5.960 EUR and 6.105 EUR. This implies that the price is at +0.34% from its lowest and at -2.05% from its highest.5.960
6.105
5.980
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ALTRI SGPS indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 5.628 | 5.705 | 5.813 | 5.980 | 5.982 | 6.105 | 6.265 |
| Change (%) | -5.89% | -4.60% | -2.79% | - | +0.03% | +2.09% | +4.77% |
| Change | -0.352 | -0.275 | -0.167 | - | +0.002 | +0.125 | +0.285 |
| Level | Major | Intermediate | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.768 | 5.877 | 5.963 | 6.072 | 6.158 | 6.267 | 6.353 |
| Camarilla | 5.996 | 6.014 | 6.032 | 6.050 | 6.068 | 6.086 | 6.104 |
| Woodie | 5.758 | 5.871 | 5.953 | 6.066 | 6.148 | 6.261 | 6.343 |
| Fibonacci | 5.877 | 5.951 | 5.997 | 6.072 | 6.146 | 6.192 | 6.267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.710 | 5.845 | 6.045 | 6.180 | 6.380 | 6.515 | 6.715 |
| Camarilla | 6.153 | 6.184 | 6.214 | 6.245 | 6.276 | 6.306 | 6.337 |
| Woodie | 5.743 | 5.861 | 6.078 | 6.196 | 6.413 | 6.531 | 6.748 |
| Fibonacci | 5.845 | 5.973 | 6.052 | 6.180 | 6.308 | 6.387 | 6.515 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.430 | 5.740 | 6.055 | 6.365 | 6.680 | 6.990 | 7.305 |
| Camarilla | 6.198 | 6.255 | 6.313 | 6.370 | 6.427 | 6.485 | 6.542 |
| Woodie | 5.433 | 5.741 | 6.058 | 6.366 | 6.683 | 6.991 | 7.308 |
| Fibonacci | 5.740 | 5.979 | 6.126 | 6.365 | 6.604 | 6.751 | 6.990 |
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): | 38.03 | |
| MACD (12,26,9): | -0.0410 | |
| Directional Movement: | -16.233 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 6.035 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.143 | |
| Elder Ray (13): | -0.067 | |
| Super Trend (3,10): | 6.175 | |
| Zig ZAG (10): | 6.000 | |
| VORTEX (21): | 0.8760 | |
| Stochastique (14,3,5): | 18.20 | |
| TEMA (21): | 6.010 | |
| Williams %R (14): | -81.82 | |
| Chande Momentum Oscillator (20): | -0.115 | |
| Repulse (5,40,3): | -0.2950 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0770 | |
| Courbe Coppock: | 1.59 |
| MA7: | 6.124 | |
| MA20: | 6.200 | |
| MA50: | 6.129 | |
| MA100: | 6.148 | |
| MAexp7: | 6.035 | |
| MAexp20: | 6.084 | |
| MAexp50: | 6.129 | |
| MAexp100: | 6.161 | |
| Price / MA7: | -2.35% | |
| Price / MA20: | -3.55% | |
| Price / MA50: | -2.43% | |
| Price / MA100: | -2.73% | |
| Price / MAexp7: | -0.91% | |
| Price / MAexp20: | -1.71% | |
| Price / MAexp50: | -2.43% | |
| Price / MAexp100: | -2.94% |
Quotes :
-
15 min delayed data
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Euronext Lisbonne
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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