ALTRI SGPS - 1H - Technical analysis published on 01/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 4.599 EUR
My targets
4.708 EUR (+1.12%)
4.850 EUR (+4.17%)
My analysis
The bullish trend is currently very strong on ALTRI SGPS. As long as the price remains above the support at 4.599 EUR, you could try to benefit from the boom. The first bullish objective is located at 4.708 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.850 EUR as an objective. Crossing it would then enable buyers to target 5.110 EUR. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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Additional analysis
Quotes
ALTRI SGPS rating 4.656 EUR. The price registered an increase of +0.39% on the session and was traded between 4.638 EUR and 4.682 EUR over the period. The price is currently at +0.39% from its lowest and -0.56% from its highest.4.638
4.682
4.656
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 ALTRI SGPS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 4.427 | 4.534 | 4.599 | 4.656 | 4.674 | 4.708 | 4.850 |
| Change (%) | -4.92% | -2.62% | -1.22% | - | +0.39% | +1.12% | +4.17% |
| Change | -0.229 | -0.122 | -0.057 | - | +0.018 | +0.052 | +0.194 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 4.553 | 4.575 | 4.607 | 4.629 | 4.661 | 4.683 | 4.715 |
| Camarilla | 4.623 | 4.628 | 4.633 | 4.638 | 4.643 | 4.648 | 4.653 |
| Woodie | 4.557 | 4.578 | 4.611 | 4.632 | 4.665 | 4.686 | 4.719 |
| Fibonacci | 4.575 | 4.596 | 4.609 | 4.629 | 4.650 | 4.663 | 4.683 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.171 | 4.271 | 4.325 | 4.425 | 4.479 | 4.579 | 4.633 |
| Camarilla | 4.338 | 4.352 | 4.366 | 4.380 | 4.394 | 4.408 | 4.422 |
| Woodie | 4.149 | 4.260 | 4.303 | 4.414 | 4.457 | 4.568 | 4.611 |
| Fibonacci | 4.271 | 4.330 | 4.366 | 4.425 | 4.484 | 4.520 | 4.579 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.127 | 4.313 | 4.457 | 4.643 | 4.787 | 4.973 | 5.117 |
| Camarilla | 4.509 | 4.540 | 4.570 | 4.600 | 4.630 | 4.661 | 4.691 |
| Woodie | 4.105 | 4.303 | 4.435 | 4.633 | 4.765 | 4.963 | 5.095 |
| Fibonacci | 4.313 | 4.439 | 4.517 | 4.643 | 4.769 | 4.847 | 4.973 |
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): | 65.07 | |
| MACD (12,26,9): | 0.0390 | |
| Directional Movement: | 20.722 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 4.659 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.623 | |
| Elder Ray (13): | 0.039 | |
| Super Trend (3,10): | 4.574 | |
| Zig ZAG (10): | 4.656 | |
| VORTEX (21): | 1.1590 | |
| Stochastique (14,3,5): | 68.47 | |
| TEMA (21): | 4.668 | |
| Williams %R (14): | -30.95 | |
| Chande Momentum Oscillator (20): | 0.024 | |
| Repulse (5,40,3): | -0.5730 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 1.50 |
| MA7: | 4.524 | |
| MA20: | 4.558 | |
| MA50: | 4.647 | |
| MA100: | 4.543 | |
| MAexp7: | 4.640 | |
| MAexp20: | 4.606 | |
| MAexp50: | 4.550 | |
| MAexp100: | 4.536 | |
| Price / MA7: | +2.92% | |
| Price / MA20: | +2.15% | |
| Price / MA50: | +0.19% | |
| Price / MA100: | +2.49% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +1.09% | |
| Price / MAexp50: | +2.33% | |
| Price / MAexp100: | +2.65% |
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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