ALTRI SGPS - 1H - Technical analysis published on 12/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5.183 EUR
My targets
5.299 EUR (+0.84%)
5.330 EUR (+1.43%)
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 5.183 EUR. The buyers' bullish objective is set at 5.299 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.330 EUR. If there is any crossing, the next objective would be the resistance located at 5.432 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, 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
8.9
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.
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Additional analysis
Quotes
The ALTRI SGPS price is 5.255 EUR. On the day, this instrument gained +1.84% with the lowest point at 5.185 EUR and the highest point at 5.270 EUR. The deviation from the price is +1.35% for the low point and -0.28% for the high point.5.185
5.270
5.255
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ALTRI SGPS in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.093 | 5.145 | 5.183 | 5.255 | 5.299 | 5.330 | 5.432 |
| Change (%) | -3.08% | -2.09% | -1.37% | - | +0.84% | +1.43% | +3.37% |
| Change | -0.162 | -0.110 | -0.072 | - | +0.044 | +0.075 | +0.177 |
| Level | Intermediate | Minor | Major | - | Major | Major | Intermediate |
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 | 5.055 | 5.090 | 5.125 | 5.160 | 5.195 | 5.230 | 5.265 |
| Camarilla | 5.141 | 5.147 | 5.154 | 5.160 | 5.166 | 5.173 | 5.179 |
| Woodie | 5.055 | 5.090 | 5.125 | 5.160 | 5.195 | 5.230 | 5.265 |
| Fibonacci | 5.090 | 5.117 | 5.133 | 5.160 | 5.187 | 5.203 | 5.230 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.707 | 4.816 | 4.961 | 5.070 | 5.215 | 5.324 | 5.469 |
| Camarilla | 5.035 | 5.058 | 5.082 | 5.105 | 5.128 | 5.152 | 5.175 |
| Woodie | 4.724 | 4.825 | 4.978 | 5.079 | 5.232 | 5.333 | 5.486 |
| Fibonacci | 4.816 | 4.913 | 4.973 | 5.070 | 5.167 | 5.227 | 5.324 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.430 | 4.680 | 4.830 | 5.080 | 5.230 | 5.480 | 5.630 |
| Camarilla | 4.870 | 4.907 | 4.943 | 4.980 | 5.017 | 5.053 | 5.090 |
| Woodie | 4.380 | 4.655 | 4.780 | 5.055 | 5.180 | 5.455 | 5.580 |
| Fibonacci | 4.680 | 4.833 | 4.927 | 5.080 | 5.233 | 5.327 | 5.480 |
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): | 71.34 | |
| MACD (12,26,9): | 0.0320 | |
| Directional Movement: | 24.479 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 5.235 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.174 | |
| Elder Ray (13): | 0.039 | |
| Super Trend (3,10): | 5.181 | |
| Zig ZAG (10): | 5.250 | |
| VORTEX (21): | 1.2680 | |
| Stochastique (14,3,5): | 88.86 | |
| TEMA (21): | 5.245 | |
| Williams %R (14): | -12.00 | |
| Chande Momentum Oscillator (20): | 0.090 | |
| Repulse (5,40,3): | 0.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0710 | |
| Courbe Coppock: | 3.04 |
| MA7: | 5.121 | |
| MA20: | 5.100 | |
| MA50: | 5.096 | |
| MA100: | 4.991 | |
| MAexp7: | 5.232 | |
| MAexp20: | 5.187 | |
| MAexp50: | 5.138 | |
| MAexp100: | 5.102 | |
| Price / MA7: | +2.62% | |
| Price / MA20: | +3.04% | |
| Price / MA50: | +3.12% | |
| Price / MA100: | +5.29% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +1.31% | |
| Price / MAexp50: | +2.28% | |
| Price / MAexp100: | +3.00% |
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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