AZERION - 1H - Technical analysis published on 02/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.35 EUR
My targets
3.56 EUR (+3.19%)
3.66 EUR (+6.17%)
My analysis
The bullish trend is currently very strong on AZERION. As long as the price remains above the support at 3.35 EUR, you could try to benefit from the boom. The first bullish objective is located at 3.56 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.66 EUR as an objective. Crossing it would then enable buyers to target 5.41 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8
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Additional analysis
Quotes
The AZERION price is 3.45 EUR. On the day, this instrument gained +16.16% with the lowest point at 3.06 EUR and the highest point at 3.76 EUR. The deviation from the price is +12.75% for the low point and -8.24% for the high point.3.06
3.76
3.45
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of AZERION in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish 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.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.91 | 3.01 | 3.35 | 3.45 | 3.56 | 5.41 | 6.30 |
| Change (%) | -15.65% | -12.75% | -2.90% | - | +3.19% | +56.81% | +82.61% |
| Change | -0.54 | -0.44 | -0.10 | - | +0.11 | +1.96 | +2.85 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 2.64 | 2.74 | 2.85 | 2.95 | 3.06 | 3.16 | 3.27 |
| Camarilla | 2.91 | 2.93 | 2.95 | 2.97 | 2.99 | 3.01 | 3.03 |
| Woodie | 2.66 | 2.74 | 2.87 | 2.95 | 3.08 | 3.16 | 3.29 |
| Fibonacci | 2.74 | 2.82 | 2.87 | 2.95 | 3.03 | 3.08 | 3.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.19 | 2.38 | 2.68 | 2.87 | 3.17 | 3.36 | 3.66 |
| Camarilla | 2.86 | 2.90 | 2.95 | 2.99 | 3.04 | 3.08 | 3.13 |
| Woodie | 2.26 | 2.41 | 2.75 | 2.90 | 3.24 | 3.39 | 3.73 |
| Fibonacci | 2.38 | 2.56 | 2.68 | 2.87 | 3.05 | 3.17 | 3.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.59 | 1.95 | 2.75 | 4.11 | 4.91 | 6.27 | 7.07 |
| Camarilla | 2.95 | 3.14 | 3.34 | 3.54 | 3.74 | 3.94 | 4.13 |
| Woodie | 0.30 | 1.81 | 2.46 | 3.97 | 4.62 | 6.13 | 6.78 |
| Fibonacci | 1.95 | 2.78 | 3.29 | 4.11 | 4.94 | 5.45 | 6.27 |
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): | 77.27 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 44.69 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 3.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.79 | |
| Elder Ray (13): | 0.35 | |
| Super Trend (3,10): | 3.01 | |
| Zig ZAG (10): | 3.51 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 74.07 | |
| TEMA (21): | 3.35 | |
| Williams %R (14): | -26.88 | |
| Chande Momentum Oscillator (20): | 0.63 | |
| Repulse (5,40,3): | 3.7300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4000 | |
| Courbe Coppock: | 35.77 |
| MA7: | 2.97 | |
| MA20: | 3.14 | |
| MA50: | 3.94 | |
| MA100: | 5.19 | |
| MAexp7: | 3.26 | |
| MAexp20: | 3.06 | |
| MAexp50: | 2.95 | |
| MAexp100: | 2.98 | |
| Price / MA7: | +16.16% | |
| Price / MA20: | +9.87% | |
| Price / MA50: | -12.44% | |
| Price / MA100: | -33.53% | |
| Price / MAexp7: | +5.83% | |
| Price / MAexp20: | +12.75% | |
| Price / MAexp50: | +16.95% | |
| Price / MAexp100: | +15.77% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
Don't forget to follow the news on AZERION. At the time of publication of this analysis, the latest news was as follows:
- Azerion publishes Interim Unaudited Q4 and FY 2022 Results
- Azerion to propose cancellation of shares held in treasury
- Azerion to simplify its reporting structure
- Principion and LDA Capital signed a Put Option Agreement for up to 10 million Azerion shares
- Azerion launches new product ‘Azerion Fanzone’, improving the way sports clubs digitally engage with their fan base
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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