ALTRI SGPS - 1H - Technical analysis published on 11/14/2024 (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
78%
6%
17%
My opinion
Bullish above 5.100 EUR
My targets
5.183 EUR (+1.03%)
5.512 EUR (+7.45%)
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 5.100 EUR. The buyers' bullish objective is set at 5.183 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.512 EUR. If there is any crossing, the next objective would be the resistance located at 5.944 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 5.130 EUR. The price registered an increase of +2.60% on the session and was traded between 4.954 EUR and 5.130 EUR over the period. The price is currently at +3.55% from its lowest and 0% from its highest.4.954
5.130
5.130
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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
Technical analysis of ALTRI SGPS in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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, 14 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
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
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, 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 | 5.010 | 5.065 | 5.100 | 5.130 | 5.183 | 5.512 | 5.944 |
| Change (%) | -2.34% | -1.27% | -0.58% | - | +1.03% | +7.45% | +15.87% |
| Change | -0.120 | -0.065 | -0.030 | - | +0.053 | +0.382 | +0.814 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
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 | 4.887 | 4.925 | 4.963 | 5.001 | 5.039 | 5.077 | 5.115 |
| Camarilla | 4.979 | 4.986 | 4.993 | 5.000 | 5.007 | 5.014 | 5.021 |
| Woodie | 4.886 | 4.925 | 4.962 | 5.001 | 5.038 | 5.077 | 5.114 |
| Fibonacci | 4.925 | 4.954 | 4.972 | 5.001 | 5.030 | 5.048 | 5.077 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.807 | 4.885 | 4.973 | 5.051 | 5.139 | 5.217 | 5.305 |
| Camarilla | 5.014 | 5.030 | 5.045 | 5.060 | 5.075 | 5.090 | 5.106 |
| Woodie | 4.811 | 4.888 | 4.977 | 5.054 | 5.143 | 5.220 | 5.309 |
| Fibonacci | 4.885 | 4.949 | 4.988 | 5.051 | 5.115 | 5.154 | 5.217 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.529 | 4.741 | 4.857 | 5.069 | 5.185 | 5.397 | 5.513 |
| Camarilla | 4.884 | 4.914 | 4.944 | 4.974 | 5.004 | 5.034 | 5.064 |
| Woodie | 4.482 | 4.717 | 4.810 | 5.045 | 5.138 | 5.373 | 5.466 |
| Fibonacci | 4.741 | 4.866 | 4.943 | 5.069 | 5.194 | 5.271 | 5.397 |
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): | 64.90 | |
| MACD (12,26,9): | 0.0120 | |
| Directional Movement: | 16.055 | |
| AROON (14): | 21.428 | |
| DEMA (21): | 5.063 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.970 | |
| Elder Ray (13): | 0.054 | |
| Super Trend (3,10): | 5.023 | |
| Zig ZAG (10): | 5.120 | |
| VORTEX (21): | 1.1090 | |
| Stochastique (14,3,5): | 87.91 | |
| TEMA (21): | 5.079 | |
| Williams %R (14): | -5.68 | |
| Chande Momentum Oscillator (20): | 0.085 | |
| Repulse (5,40,3): | 0.9610 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0070 | |
| Courbe Coppock: | 1.77 |
| MA7: | 5.045 | |
| MA20: | 5.049 | |
| MA50: | 5.030 | |
| MA100: | 5.044 | |
| MAexp7: | 5.081 | |
| MAexp20: | 5.053 | |
| MAexp50: | 5.049 | |
| MAexp100: | 5.052 | |
| Price / MA7: | +1.68% | |
| Price / MA20: | +1.60% | |
| Price / MA50: | +1.99% | |
| Price / MA100: | +1.70% | |
| Price / MAexp7: | +0.96% | |
| Price / MAexp20: | +1.52% | |
| Price / MAexp50: | +1.60% | |
| Price / MAexp100: | +1.54% |
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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