ITALGAS
ITALGAS
- EUR (-)
- 15 min delayed data - Italy Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: IG
ISIN: IT0005211237

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:
15 min. 1H Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard5.6935.7355.7895.8315.8855.9275.981
Camarilla5.8185.8265.8355.8445.8535.8625.870
Woodie5.7005.7385.7965.8345.8925.9305.988
Fibonacci5.7355.7715.7945.8315.8675.8905.927


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.4975.5515.6415.6955.7855.8395.929
Camarilla5.6905.7045.7175.7305.7435.7565.770
Woodie5.5145.5605.6585.7045.8025.8485.946
Fibonacci5.5515.6065.6405.6955.7505.7845.839


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.2055.3955.5815.7715.9576.1476.333
Camarilla5.6655.6995.7345.7685.8035.8375.871
Woodie5.2045.3945.5805.7705.9566.1466.332
Fibonacci5.3955.5385.6275.7715.9146.0036.147

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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