ALTRI SGPS - Daily - Technical analysis published on 05/31/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 4.628 EUR
My targets
5.179 EUR (+1.95%)
5.400 EUR (+6.30%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ALTRI SGPS. As long as you are above the support located at 4.628 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5.179 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.400 EUR as an objective. Crossing it would then enable buyers to target 5.643 EUR. If the support 4.628 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.7
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Additional analysis
Quotes
The ALTRI SGPS rating is 5.080 EUR. On the day, this instrument gained +0.89% and was between 5.035 EUR and 5.105 EUR. This implies that the price is at +0.89% from its lowest and at -0.49% from its highest.5.035
5.105
5.080
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
A technical analysis in Daily of this ALTRI SGPS chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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 : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 4.226 | 4.382 | 4.628 | 5.080 | 5.179 | 5.400 | 5.643 |
| Change (%) | -16.81% | -13.74% | -8.90% | - | +1.95% | +6.30% | +11.08% |
| Change | -0.854 | -0.698 | -0.452 | - | +0.099 | +0.320 | +0.563 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Minor |
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 | 4.900 | 4.949 | 4.992 | 5.041 | 5.084 | 5.133 | 5.176 |
| Camarilla | 5.010 | 5.018 | 5.027 | 5.035 | 5.043 | 5.052 | 5.060 |
| Woodie | 4.897 | 4.948 | 4.989 | 5.040 | 5.081 | 5.132 | 5.173 |
| Fibonacci | 4.949 | 4.984 | 5.006 | 5.041 | 5.076 | 5.098 | 5.133 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.652 | 4.883 | 5.082 | 5.313 | 5.512 | 5.743 | 5.942 |
| Camarilla | 5.162 | 5.201 | 5.241 | 5.280 | 5.319 | 5.359 | 5.398 |
| Woodie | 4.635 | 4.875 | 5.065 | 5.305 | 5.495 | 5.735 | 5.925 |
| Fibonacci | 4.883 | 5.048 | 5.149 | 5.313 | 5.478 | 5.579 | 5.743 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.258 | 4.456 | 4.698 | 4.896 | 5.138 | 5.336 | 5.578 |
| Camarilla | 4.820 | 4.860 | 4.901 | 4.941 | 4.981 | 5.022 | 5.062 |
| Woodie | 4.281 | 4.467 | 4.721 | 4.907 | 5.161 | 5.347 | 5.601 |
| Fibonacci | 4.456 | 4.624 | 4.728 | 4.896 | 5.064 | 5.168 | 5.336 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.85 | |
| MACD (12,26,9): | 0.0470 | |
| Directional Movement: | -2.805 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 5.229 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.513 | |
| Elder Ray (13): | -0.093 | |
| Super Trend (3,10): | 5.424 | |
| Zig ZAG (10): | 5.080 | |
| VORTEX (21): | 1.0320 | |
| Stochastique (14,3,5): | 7.25 | |
| TEMA (21): | 5.180 | |
| Williams %R (14): | -85.01 | |
| Chande Momentum Oscillator (20): | -0.281 | |
| Repulse (5,40,3): | -2.3960 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2630 | |
| Courbe Coppock: | 1.18 |
| MA7: | 5.180 | |
| MA20: | 5.188 | |
| MA50: | 5.009 | |
| MA100: | 4.660 | |
| MAexp7: | 5.139 | |
| MAexp20: | 5.145 | |
| MAexp50: | 4.984 | |
| MAexp100: | 4.781 | |
| Price / MA7: | -1.93% | |
| Price / MA20: | -2.08% | |
| Price / MA50: | +1.42% | |
| Price / MA100: | +9.01% | |
| Price / MAexp7: | -1.15% | |
| Price / MAexp20: | -1.26% | |
| Price / MAexp50: | +1.93% | |
| Price / MAexp100: | +6.25% |
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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