ALTRI SGPS - 1H - Technical analysis published on 10/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 4.998 EUR
My targets
5.080 EUR (+0.69%)
5.179 EUR (+2.66%)
My analysis
ALTRI SGPS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.998 EUR. The next resistance located at 5.080 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.179 EUR. After this resistance, buyers could then target 5.355 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALTRI SGPS rating 5.045 EUR. The price registered an increase of +0.00% on the session with the lowest point at 5.010 EUR and the highest point at 5.090 EUR. The deviation from the price is +0.70% for the low point and -0.88% for the high point.5.010
5.090
5.045
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.881 | 4.928 | 4.998 | 5.045 | 5.053 | 5.080 | 5.179 |
| Change (%) | -3.25% | -2.32% | -0.93% | - | +0.16% | +0.69% | +2.66% |
| Change | -0.164 | -0.117 | -0.047 | - | +0.008 | +0.035 | +0.134 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.920 | 4.959 | 5.002 | 5.041 | 5.084 | 5.123 | 5.166 |
| Camarilla | 5.023 | 5.030 | 5.038 | 5.045 | 5.053 | 5.060 | 5.068 |
| Woodie | 4.922 | 4.960 | 5.004 | 5.042 | 5.086 | 5.124 | 5.168 |
| Fibonacci | 4.959 | 4.990 | 5.010 | 5.041 | 5.072 | 5.092 | 5.123 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.607 | 4.707 | 4.869 | 4.969 | 5.131 | 5.231 | 5.393 |
| Camarilla | 4.958 | 4.982 | 5.006 | 5.030 | 5.054 | 5.078 | 5.102 |
| Woodie | 4.637 | 4.723 | 4.899 | 4.985 | 5.161 | 5.247 | 5.423 |
| Fibonacci | 4.707 | 4.807 | 4.869 | 4.969 | 5.069 | 5.131 | 5.231 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.507 | 4.629 | 4.825 | 4.947 | 5.143 | 5.265 | 5.461 |
| Camarilla | 4.933 | 4.962 | 4.991 | 5.020 | 5.049 | 5.078 | 5.108 |
| Woodie | 4.543 | 4.648 | 4.861 | 4.966 | 5.179 | 5.284 | 5.497 |
| Fibonacci | 4.629 | 4.751 | 4.826 | 4.947 | 5.069 | 5.144 | 5.265 |
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): | 62.93 | |
| MACD (12,26,9): | 0.0090 | |
| Directional Movement: | 12.531 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 5.046 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.006 | |
| Elder Ray (13): | 0.022 | |
| Super Trend (3,10): | 4.994 | |
| Zig ZAG (10): | 5.080 | |
| VORTEX (21): | 0.9790 | |
| Stochastique (14,3,5): | 67.92 | |
| TEMA (21): | 5.048 | |
| Williams %R (14): | -10.87 | |
| Chande Momentum Oscillator (20): | 0.060 | |
| Repulse (5,40,3): | 1.5070 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0110 | |
| Courbe Coppock: | 1.31 |
| MA7: | 5.033 | |
| MA20: | 4.915 | |
| MA50: | 4.886 | |
| MA100: | 5.079 | |
| MAexp7: | 5.049 | |
| MAexp20: | 5.035 | |
| MAexp50: | 5.015 | |
| MAexp100: | 4.977 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +2.64% | |
| Price / MA50: | +3.25% | |
| Price / MA100: | -0.67% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +1.37% |
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.
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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