ITALGAS - Daily - Technical analysis published on 11/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5.727 EUR
My targets
5.974 EUR (+0.91%)
6.122 EUR (+3.41%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ITALGAS as long as the price remains well above 5.727 EUR. The buyers” bullish objective is set at 5.974 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.122 EUR. If there is any crossing, the next objective would be the resistance located at 6.228 EUR.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.4
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ITALGAS price is 5.920 EUR. On the day, this instrument gained +0.31% with the lowest point at 5.862 EUR and the highest point at 5.928 EUR. The deviation from the price is +0.99% for the low point and -0.13% for the high point.5.862
5.928
5.920
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ITALGAS:
Technical
Technical analysis of ITALGAS in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
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 resistance of channel
Type : Bearish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.361 | 5.586 | 5.727 | 5.920 | 5.974 | 6.122 | 6.228 |
| Change (%) | -9.44% | -5.64% | -3.26% | - | +0.91% | +3.41% | +5.20% |
| Change | -0.559 | -0.334 | -0.193 | - | +0.054 | +0.202 | +0.308 |
| Level | Major | Major | Intermediate | - | Major | Minor | 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 | 5.693 | 5.735 | 5.789 | 5.831 | 5.885 | 5.927 | 5.981 |
| Camarilla | 5.818 | 5.826 | 5.835 | 5.844 | 5.853 | 5.862 | 5.870 |
| Woodie | 5.700 | 5.738 | 5.796 | 5.834 | 5.892 | 5.930 | 5.988 |
| Fibonacci | 5.735 | 5.771 | 5.794 | 5.831 | 5.867 | 5.890 | 5.927 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.497 | 5.551 | 5.641 | 5.695 | 5.785 | 5.839 | 5.929 |
| Camarilla | 5.690 | 5.704 | 5.717 | 5.730 | 5.743 | 5.756 | 5.770 |
| Woodie | 5.514 | 5.560 | 5.658 | 5.704 | 5.802 | 5.848 | 5.946 |
| Fibonacci | 5.551 | 5.606 | 5.640 | 5.695 | 5.750 | 5.784 | 5.839 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.205 | 5.395 | 5.581 | 5.771 | 5.957 | 6.147 | 6.333 |
| Camarilla | 5.665 | 5.699 | 5.734 | 5.768 | 5.803 | 5.837 | 5.871 |
| Woodie | 5.204 | 5.394 | 5.580 | 5.770 | 5.956 | 6.146 | 6.332 |
| Fibonacci | 5.395 | 5.538 | 5.627 | 5.771 | 5.914 | 6.003 | 6.147 |
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): | 61.13 | |
| MACD (12,26,9): | 0.0120 | |
| Directional Movement: | 5.379 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 5.773 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.624 | |
| Elder Ray (13): | 0.071 | |
| Super Trend (3,10): | 5.598 | |
| Zig ZAG (10): | 5.902 | |
| VORTEX (21): | 0.9730 | |
| Stochastique (14,3,5): | 89.99 | |
| TEMA (21): | 5.798 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.224 | |
| Repulse (5,40,3): | 3.0160 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0290 | |
| Courbe Coppock: | 2.58 |
| MA7: | 5.784 | |
| MA20: | 5.734 | |
| MA50: | 5.774 | |
| MA100: | 5.857 | |
| MAexp7: | 5.805 | |
| MAexp20: | 5.767 | |
| MAexp50: | 5.777 | |
| MAexp100: | 5.764 | |
| Price / MA7: | +2.35% | |
| Price / MA20: | +3.24% | |
| Price / MA50: | +2.53% | |
| Price / MA100: | +1.08% | |
| Price / MAexp7: | +1.98% | |
| Price / MAexp20: | +2.65% | |
| Price / MAexp50: | +2.48% | |
| Price / MAexp100: | +2.71% |
This member declared not having a position on this financial instrument or a related financial instrument.
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