ALTRI SGPS - 1H - Technical analysis published on 02/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 4.562 EUR
My targets
4.505 EUR (-0.68%)
4.187 EUR (-7.69%)
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 4.562 EUR. The next bearish objective for sellers is set at 4.505 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.187 EUR. If there is any crossing, the next objective would be the support located at 3.751 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALTRI SGPS rating is 4.536 EUR. The price is lower by -0.13% since the last closing and was between 4.530 EUR and 4.558 EUR. This implies that the price is at +0.13% from its lowest and at -0.48% from its highest.4.530
4.558
4.536
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.751 | 4.187 | 4.505 | 4.536 | 4.562 | 4.624 | 4.710 |
| Change (%) | -17.31% | -7.69% | -0.68% | - | +0.57% | +1.94% | +3.84% |
| Change | -0.785 | -0.349 | -0.031 | - | +0.026 | +0.088 | +0.174 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.449 | 4.483 | 4.513 | 4.547 | 4.577 | 4.611 | 4.641 |
| Camarilla | 4.524 | 4.530 | 4.536 | 4.542 | 4.548 | 4.554 | 4.560 |
| Woodie | 4.446 | 4.482 | 4.510 | 4.546 | 4.574 | 4.610 | 4.638 |
| Fibonacci | 4.483 | 4.508 | 4.523 | 4.547 | 4.572 | 4.587 | 4.611 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.408 | 4.456 | 4.540 | 4.588 | 4.672 | 4.720 | 4.804 |
| Camarilla | 4.588 | 4.600 | 4.612 | 4.624 | 4.636 | 4.648 | 4.660 |
| Woodie | 4.426 | 4.465 | 4.558 | 4.597 | 4.690 | 4.729 | 4.822 |
| Fibonacci | 4.456 | 4.506 | 4.538 | 4.588 | 4.638 | 4.670 | 4.720 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.702 | 4.132 | 4.380 | 4.810 | 5.058 | 5.488 | 5.736 |
| Camarilla | 4.442 | 4.504 | 4.566 | 4.628 | 4.690 | 4.752 | 4.815 |
| Woodie | 3.611 | 4.087 | 4.289 | 4.765 | 4.967 | 5.443 | 5.645 |
| Fibonacci | 4.132 | 4.391 | 4.551 | 4.810 | 5.069 | 5.229 | 5.488 |
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): | 44.29 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | -3.089 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 4.538 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.580 | |
| Elder Ray (13): | -0.008 | |
| Super Trend (3,10): | 4.505 | |
| Zig ZAG (10): | 4.538 | |
| VORTEX (21): | 0.9840 | |
| Stochastique (14,3,5): | 40.24 | |
| TEMA (21): | 4.539 | |
| Williams %R (14): | -71.88 | |
| Chande Momentum Oscillator (20): | 0.008 | |
| Repulse (5,40,3): | 0.0340 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0290 | |
| Courbe Coppock: | 0.75 |
| MA7: | 4.567 | |
| MA20: | 4.588 | |
| MA50: | 4.822 | |
| MA100: | 5.163 | |
| MAexp7: | 4.543 | |
| MAexp20: | 4.548 | |
| MAexp50: | 4.560 | |
| MAexp100: | 4.578 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -5.93% | |
| Price / MA100: | -12.14% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.53% | |
| Price / MAexp100: | -0.92% |
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.
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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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