AVENTADOR - 1H - Technical analysis published on 07/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.0038 EUR
My targets
0.0028 EUR (-17.65%)
0.0020 EUR (-41.18%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ALGREEN. As long as you are under the resistance located at 0.0038 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.0028 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.0020 EUR as an objective. Crossing it would then enable sellers to target 0.0002 EUR. If the resistance 0.0038 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALGREEN rating is 0.0034 EUR. The price registered an increase of +13.33% on the session and was traded between 0.0030 EUR and 0.0036 EUR over the period. The price is currently at +13.33% from its lowest and -5.56% from its highest.0.0030
0.0036
0.0034
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ALGREEN in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.0002 | 0.0028 | 0.0034 | 0.0038 | 0.0054 | 0.0068 |
| Change (%) | -94.12% | -17.65% | - | +11.76% | +58.82% | +100.00% |
| Change | -0.0032 | -0.0006 | - | +0.0004 | +0.0020 | +0.0034 |
| Level | Major | Intermediate | - | Intermediate | Minor | 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 | 0.0024 | 0.0026 | 0.0028 | 0.0030 | 0.0032 | 0.0034 | 0.0036 |
| Camarilla | 0.0029 | 0.0029 | 0.0030 | 0.0030 | 0.0030 | 0.0031 | 0.0031 |
| Woodie | 0.0024 | 0.0026 | 0.0028 | 0.0030 | 0.0032 | 0.0034 | 0.0036 |
| Fibonacci | 0.0026 | 0.0028 | 0.0029 | 0.0030 | 0.0032 | 0.0033 | 0.0034 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0014 | 0.0008 | 0.0020 | 0.0042 | 0.0054 | 0.0076 | 0.0088 |
| Camarilla | 0.0023 | 0.0026 | 0.0029 | 0.0032 | 0.0035 | 0.0038 | 0.0041 |
| Woodie | -0.0019 | 0.0006 | 0.0015 | 0.0040 | 0.0049 | 0.0074 | 0.0083 |
| Fibonacci | 0.0008 | 0.0021 | 0.0029 | 0.0042 | 0.0055 | 0.0063 | 0.0076 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0062 | -0.0030 | 0.0014 | 0.0046 | 0.0090 | 0.0122 | 0.0166 |
| Camarilla | 0.0037 | 0.0044 | 0.0051 | 0.0058 | 0.0065 | 0.0072 | 0.0079 |
| Woodie | -0.0056 | -0.0027 | 0.0020 | 0.0049 | 0.0096 | 0.0125 | 0.0172 |
| Fibonacci | -0.0030 | -0.0001 | 0.0017 | 0.0046 | 0.0075 | 0.0093 | 0.0122 |
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): | 48.63 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -0.5370 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.0031 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0028 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.0038 | |
| Zig ZAG (10): | 0.0034 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 75.00 | |
| TEMA (21): | 0.0032 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 9.7815 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.0703 | |
| Courbe Coppock: | 2.45 |
| MA7: | 0.0041 | |
| MA20: | 0.0050 | |
| MA50: | 0.0028 | |
| MA100: | 0.0016 | |
| MAexp7: | 0.0033 | |
| MAexp20: | 0.0033 | |
| MAexp50: | 0.0038 | |
| MAexp100: | 0.0042 | |
| Price / MA7: | -17.07% | |
| Price / MA20: | -32.00% | |
| Price / MA50: | +21.43% | |
| Price / MA100: | +112.50% | |
| Price / MAexp7: | +3.03% | |
| Price / MAexp20: | +3.03% | |
| Price / MAexp50: | -10.53% | |
| Price / MAexp100: | -19.05% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on ALGREEN. At the time of publication of this analysis, the latest news was as follows:
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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