LEONARDO - 1H - Technical analysis published on 06/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 23.06 EUR
My targets
22.05 EUR (-2.65%)
21.43 EUR (-5.39%)
My analysis
The bearish trend is currently very strong for LEONARDO. As long as the price remains below the resistance at 23.06 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 22.05 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 21.43 EUR as an objective. Crossing it would then enable sellers to target 17.27 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LEONARDO rating 22.65 EUR. On the day, this instrument lost -2.83% with the lowest point at 22.63 EUR and the highest point at 23.39 EUR. The deviation from the price is +0.09% for the low point and -3.16% for the high point.22.63
23.39
22.65
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this LEONARDO chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 17.27 | 21.43 | 22.05 | 22.65 | 22.76 | 23.06 | 23.44 |
| Change (%) | -23.75% | -5.39% | -2.65% | - | +0.49% | +1.81% | +3.49% |
| Change | -5.38 | -1.22 | -0.60 | - | +0.11 | +0.41 | +0.79 |
| Level | Minor | Major | Minor | - | Major | Intermediate | 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 | 21.58 | 22.40 | 22.85 | 23.67 | 24.12 | 24.94 | 25.39 |
| Camarilla | 22.96 | 23.08 | 23.19 | 23.31 | 23.43 | 23.54 | 23.66 |
| Woodie | 21.41 | 22.31 | 22.68 | 23.58 | 23.95 | 24.85 | 25.22 |
| Fibonacci | 22.40 | 22.88 | 23.18 | 23.67 | 24.15 | 24.45 | 24.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.73 | 23.09 | 23.63 | 23.99 | 24.53 | 24.89 | 25.43 |
| Camarilla | 23.92 | 24.01 | 24.09 | 24.17 | 24.25 | 24.34 | 24.42 |
| Woodie | 22.82 | 23.14 | 23.72 | 24.04 | 24.62 | 24.94 | 25.52 |
| Fibonacci | 23.09 | 23.43 | 23.65 | 23.99 | 24.33 | 24.55 | 24.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.23 | 20.26 | 21.92 | 22.95 | 24.61 | 25.64 | 27.30 |
| Camarilla | 22.83 | 23.08 | 23.32 | 23.57 | 23.82 | 24.06 | 24.31 |
| Woodie | 19.54 | 20.42 | 22.23 | 23.11 | 24.92 | 25.80 | 27.61 |
| Fibonacci | 20.26 | 21.29 | 21.93 | 22.95 | 23.98 | 24.62 | 25.64 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 18.15 | |
| MACD (12,26,9): | -0.3200 | |
| Directional Movement: | -25.70 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 23.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.23 | |
| Elder Ray (13): | -0.48 | |
| Super Trend (3,10): | 23.43 | |
| Zig ZAG (10): | 22.78 | |
| VORTEX (21): | 0.6300 | |
| Stochastique (14,3,5): | 2.62 | |
| TEMA (21): | 22.80 | |
| Williams %R (14): | -98.03 | |
| Chande Momentum Oscillator (20): | -1.24 | |
| Repulse (5,40,3): | -1.3800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 10.14 |
| MA7: | 23.70 | |
| MA20: | 23.55 | |
| MA50: | 22.72 | |
| MA100: | 20.99 | |
| MAexp7: | 23.01 | |
| MAexp20: | 23.44 | |
| MAexp50: | 23.70 | |
| MAexp100: | 23.67 | |
| Price / MA7: | -4.43% | |
| Price / MA20: | -3.82% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | +7.91% | |
| Price / MAexp7: | -1.56% | |
| Price / MAexp20: | -3.37% | |
| Price / MAexp50: | -4.43% | |
| Price / MAexp100: | -4.31% |
Quotes :
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15 min delayed data
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Italy Stocks
News
Don't forget to follow the news on LEONARDO. At the time of publication of this analysis, the latest news was as follows:
- Leonardo joins the IACP in congratulating this year’s winners of the Leadership in the Prevention of Vehicle Crimes Award
- Leonardo’s Newest Plate Reader Solution Makes ALPR/ANPR Technology More Affordable
- Leonardo Awarded Warning System Contract at Dallas Fort Worth International Airport to Reduce Risk of Runway Incursions
- Leonardo Adds New Airport Ground Operations Safety Technologies to Portfolio
- Leonardo’s U.S. Subsidiary, Selex ES Inc., Awarded a Contract for FAA’s Distance Measuring Equipment System
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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