ALTRI SGPS - 1H - Technical analysis published on 10/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.521 EUR
My targets
4.646 EUR (+1.89%)
4.842 EUR (+6.18%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ALTRI SGPS as long as the price remains well above 4.521 EUR. The buyers' bullish objective is set at 4.646 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.842 EUR. If there is any crossing, the next objective would be the resistance located at 4.976 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 overbought items that could be a sign of a possible short-term correction.
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
7.5
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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 rating is 4.560 EUR. The price has increased by +0.80% since the last closing and was traded between 4.518 EUR and 4.560 EUR over the period. The price is currently at +0.93% from its lowest and 0% from its highest.4.518
4.560
4.560
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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
A technical analysis in 1H of this ALTRI SGPS chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.410 | 4.480 | 4.521 | 4.560 | 4.578 | 4.646 | 4.842 |
| Change (%) | -3.29% | -1.75% | -0.86% | - | +0.39% | +1.89% | +6.18% |
| Change | -0.150 | -0.080 | -0.039 | - | +0.018 | +0.086 | +0.282 |
| Level | Minor | Minor | Minor | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.385 | 4.435 | 4.479 | 4.529 | 4.573 | 4.623 | 4.667 |
| Camarilla | 4.498 | 4.507 | 4.515 | 4.524 | 4.533 | 4.541 | 4.550 |
| Woodie | 4.383 | 4.434 | 4.477 | 4.528 | 4.571 | 4.622 | 4.665 |
| Fibonacci | 4.435 | 4.471 | 4.493 | 4.529 | 4.565 | 4.587 | 4.623 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.854 | 4.040 | 4.274 | 4.460 | 4.694 | 4.880 | 5.114 |
| Camarilla | 4.393 | 4.431 | 4.470 | 4.508 | 4.547 | 4.585 | 4.624 |
| Woodie | 3.878 | 4.052 | 4.298 | 4.472 | 4.718 | 4.892 | 5.138 |
| Fibonacci | 4.040 | 4.200 | 4.300 | 4.460 | 4.620 | 4.720 | 4.880 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.724 | 3.970 | 4.128 | 4.374 | 4.532 | 4.778 | 4.936 |
| Camarilla | 4.175 | 4.212 | 4.249 | 4.286 | 4.323 | 4.360 | 4.397 |
| Woodie | 3.680 | 3.948 | 4.084 | 4.352 | 4.488 | 4.756 | 4.892 |
| Fibonacci | 3.970 | 4.124 | 4.220 | 4.374 | 4.528 | 4.624 | 4.778 |
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): | 55.19 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | -1.340 | |
| AROON (14): | 7.143 | |
| DEMA (21): | 4.551 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.510 | |
| Elder Ray (13): | 0.011 | |
| Super Trend (3,10): | 4.586 | |
| Zig ZAG (10): | 4.558 | |
| VORTEX (21): | 0.9440 | |
| Stochastique (14,3,5): | 70.21 | |
| TEMA (21): | 4.532 | |
| Williams %R (14): | -29.79 | |
| Chande Momentum Oscillator (20): | 0.042 | |
| Repulse (5,40,3): | 0.3760 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0150 | |
| Courbe Coppock: | 0.55 |
| MA7: | 4.497 | |
| MA20: | 4.357 | |
| MA50: | 4.373 | |
| MA100: | 4.278 | |
| MAexp7: | 4.545 | |
| MAexp20: | 4.541 | |
| MAexp50: | 4.506 | |
| MAexp100: | 4.451 | |
| Price / MA7: | +1.40% | |
| Price / MA20: | +4.66% | |
| Price / MA50: | +4.28% | |
| Price / MA100: | +6.59% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +1.20% | |
| Price / MAexp100: | +2.45% |
Quotes :
-
15 min delayed data
-
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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