ALTECH BATTERIES LTD - Daily - Technical analysis published on 03/09/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 0.090 AUD
My targets
0.082 AUD (-2.38%)
0.075 AUD (-10.71%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALTECH BATTERIES LTD as long as the price remains well below 0.090 AUD. The sellers' bearish objective is set at 0.082 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.075 AUD. In case of crossing, the next objective would be the support located at 0.061 AUD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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This analysis was given by AleksanderTheGreat. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALTECH BATTERIES LTD price is 0.084 AUD. The price registered a decrease of -1.18% on the session with the lowest point at 0.081 AUD and the highest point at 0.086 AUD. The deviation from the price is +3.70% for the low point and -2.33% for the high point.0.081
0.086
0.084
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ALTECH BATTERIES LTD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.061 | 0.075 | 0.082 | 0.084 | 0.090 | 0.099 | 0.110 |
| Change (%) | -27.38% | -10.71% | -2.38% | - | +7.14% | +17.86% | +30.95% |
| Change | -0.023 | -0.009 | -0.002 | - | +0.006 | +0.015 | +0.026 |
| Level | Major | Major | Major | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.080 | 0.081 | 0.083 | 0.084 | 0.086 | 0.087 | 0.089 |
| Camarilla | 0.084 | 0.085 | 0.085 | 0.085 | 0.085 | 0.086 | 0.086 |
| Woodie | 0.081 | 0.081 | 0.084 | 0.084 | 0.087 | 0.087 | 0.090 |
| Fibonacci | 0.081 | 0.082 | 0.083 | 0.084 | 0.085 | 0.086 | 0.087 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.078 | 0.080 | 0.083 | 0.085 | 0.088 | 0.090 | 0.093 |
| Camarilla | 0.084 | 0.084 | 0.085 | 0.085 | 0.086 | 0.086 | 0.086 |
| Woodie | 0.078 | 0.080 | 0.083 | 0.085 | 0.088 | 0.090 | 0.093 |
| Fibonacci | 0.080 | 0.082 | 0.083 | 0.085 | 0.087 | 0.088 | 0.090 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.045 | 0.063 | 0.073 | 0.091 | 0.101 | 0.119 | 0.129 |
| Camarilla | 0.076 | 0.079 | 0.081 | 0.084 | 0.087 | 0.089 | 0.092 |
| Woodie | 0.042 | 0.061 | 0.070 | 0.089 | 0.098 | 0.117 | 0.126 |
| Fibonacci | 0.063 | 0.073 | 0.080 | 0.091 | 0.101 | 0.108 | 0.119 |
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): | 46.40 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | 1.771 | |
| AROON (14): | -7.143 | |
| DEMA (21): | 0.084 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.080 | |
| Elder Ray (13): | -0.002 | |
| Super Trend (3,10): | 0.094 | |
| Zig ZAG (10): | 0.085 | |
| VORTEX (21): | 0.8030 | |
| Stochastique (14,3,5): | 51.85 | |
| TEMA (21): | 0.083 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.001 | |
| Repulse (5,40,3): | -2.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2560 | |
| Courbe Coppock: | 5.99 |
| MA7: | 0.085 | |
| MA20: | 0.086 | |
| MA50: | 0.088 | |
| MA100: | 0.090 | |
| MAexp7: | 0.085 | |
| MAexp20: | 0.086 | |
| MAexp50: | 0.088 | |
| MAexp100: | 0.087 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -2.33% | |
| Price / MA50: | -4.55% | |
| Price / MA100: | -6.67% | |
| Price / MAexp7: | -1.18% | |
| Price / MAexp20: | -2.33% | |
| Price / MAexp50: | -4.55% | |
| Price / MAexp100: | -3.45% |
Quotes :
-
End-of-day data
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Australia Stocks
News
The last news published on ALTECH BATTERIES LTD at the time of the generation of this analysis was as follows:
- Altech Batteries Ltd (ATC.AX) ASIC Registers Company Name as Altech Batteries Ltd
- Altech Chemicals Ltd (ATC.AX) Update on the Silumina Anodes Project and DFS
- Altech Chemicals Ltd (ATC.AX) Quarterly Activities Report
- Altech Chemicals Ltd (ATC.AX) Interview with MD Iggy Tan Update CERENERGY Battery Project
- Altech Chemicals Limited (ATC.AX) Update of CERENERGY Battery Project
This member declared not having a position on this financial instrument or a related financial instrument.
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