ALTRI SGPS - 1H - Technical analysis published on 02/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 4.427 EUR
My targets
4.553 EUR (+1.86%)
4.613 EUR (+3.20%)
My analysis
ALTRI SGPS is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 4.427 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 4.553 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 4.613 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 4.674 EUR. Beware of a possible return to under the support located at 4.427 EUR which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.5
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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 price is 4.470 EUR. The price has increased by +2.20% since the last closing and was between 4.408 EUR and 4.496 EUR. This implies that the price is at +1.41% from its lowest and at -0.58% from its highest.4.408
4.496
4.470
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALTRI SGPS:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ALTRI SGPS in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
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 these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.334 | 4.370 | 4.427 | 4.470 | 4.553 | 4.613 | 4.674 |
| Change (%) | -3.04% | -2.24% | -0.96% | - | +1.86% | +3.20% | +4.56% |
| Change | -0.136 | -0.100 | -0.043 | - | +0.083 | +0.143 | +0.204 |
| Level | Minor | Major | Major | - | Major | Minor | 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 | 4.195 | 4.245 | 4.309 | 4.359 | 4.423 | 4.473 | 4.537 |
| Camarilla | 4.343 | 4.353 | 4.364 | 4.374 | 4.385 | 4.395 | 4.405 |
| Woodie | 4.203 | 4.249 | 4.317 | 4.363 | 4.431 | 4.477 | 4.545 |
| Fibonacci | 4.245 | 4.288 | 4.315 | 4.359 | 4.402 | 4.429 | 4.473 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.199 | 4.301 | 4.351 | 4.453 | 4.503 | 4.605 | 4.655 |
| Camarilla | 4.360 | 4.374 | 4.388 | 4.402 | 4.416 | 4.430 | 4.444 |
| Woodie | 4.174 | 4.288 | 4.326 | 4.440 | 4.478 | 4.592 | 4.630 |
| Fibonacci | 4.301 | 4.359 | 4.395 | 4.453 | 4.511 | 4.547 | 4.605 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.019 | 4.195 | 4.357 | 4.533 | 4.695 | 4.871 | 5.033 |
| Camarilla | 4.427 | 4.458 | 4.489 | 4.520 | 4.551 | 4.582 | 4.613 |
| Woodie | 4.013 | 4.192 | 4.351 | 4.530 | 4.689 | 4.868 | 5.027 |
| Fibonacci | 4.195 | 4.324 | 4.404 | 4.533 | 4.662 | 4.742 | 4.871 |
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): | 71.16 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 26.853 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 4.399 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.337 | |
| Elder Ray (13): | 0.087 | |
| Super Trend (3,10): | 4.385 | |
| Zig ZAG (10): | 4.486 | |
| VORTEX (21): | 1.0880 | |
| Stochastique (14,3,5): | 91.82 | |
| TEMA (21): | 4.433 | |
| Williams %R (14): | -7.97 | |
| Chande Momentum Oscillator (20): | 0.202 | |
| Repulse (5,40,3): | 0.1990 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 5.29 |
| MA7: | 4.391 | |
| MA20: | 4.490 | |
| MA50: | 4.560 | |
| MA100: | 4.548 | |
| MAexp7: | 4.423 | |
| MAexp20: | 4.381 | |
| MAexp50: | 4.390 | |
| MAexp100: | 4.427 | |
| Price / MA7: | +1.80% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -1.97% | |
| Price / MA100: | -1.72% | |
| Price / MAexp7: | +1.06% | |
| Price / MAexp20: | +2.03% | |
| Price / MAexp50: | +1.82% | |
| Price / MAexp100: | +0.97% |
Quotes :
-
15 min delayed data
-
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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