ALSTOM

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ALO
ISIN:	FR0010220475

ALSTOM - Daily - Technical analysis published on 05/15/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 24.04 EUR

My targets

26.90 EUR (+3.86%)

28.29 EUR (+9.23%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ALSTOM as long as the price remains well above 24.04 EUR. The buyers' bullish objective is set at 26.90 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 28.29 EUR. If there is any crossing, the next objective would be the resistance located at 35.12 EUR.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.1

Comment on the analysis

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.

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Additional analysis

Quotes

The ALSTOM price is 25.90 EUR. On the day, this instrument gained +5.84% and was traded between 24.94 EUR and 25.98 EUR over the period. The price is currently at +3.85% from its lowest and -0.31% from its highest.

24.94

25.98

25.90

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ALSTOM:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ALSTOM indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.68	24.04	25.59	25.90	26.90	28.29	35.12
Change (%)	-12.43%	-7.18%	-1.20%	-	+3.86%	+9.23%	+35.60%
Change	-3.22	-1.86	-0.31	-	+1.00	+2.39	+9.22
Level	Major	Major	Intermediate	-	Minor	Intermediate	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	23.30	23.65	24.06	24.41	24.82	25.17	25.58
Camarilla	24.26	24.33	24.40	24.47	24.54	24.61	24.68
Woodie	23.33	23.67	24.09	24.43	24.85	25.19	25.61
Fibonacci	23.65	23.94	24.12	24.41	24.70	24.88	25.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.10	21.09	22.78	23.77	25.46	26.45	28.14
Camarilla	23.73	23.98	24.22	24.47	24.72	24.96	25.21
Woodie	20.45	21.27	23.13	23.95	25.81	26.63	28.49
Fibonacci	21.09	22.11	22.75	23.77	24.79	25.43	26.45

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.99	18.34	20.54	22.89	25.09	27.44	29.64
Camarilla	21.49	21.91	22.32	22.74	23.16	23.57	23.99
Woodie	15.92	18.30	20.47	22.85	25.02	27.40	29.57
Fibonacci	18.34	20.08	21.15	22.89	24.63	25.70	27.44

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):	68.94
MACD (12,26,9):	0.2000
Directional Movement:	9.19
AROON (14):	92.86
DEMA (21):	23.52
Parabolic SAR (0,02-0,02-0,2):	21.24
Elder Ray (13):	1.79
Super Trend (3,10):	22.87
Zig ZAG (10):	25.90
VORTEX (21):	1.0900
Stochastique (14,3,5):	94.44
TEMA (21):	24.24
Williams %R (14):	-1.78
Chande Momentum Oscillator (20):	3.80
Repulse (5,40,3):	5.6900
ROCnROLL:	1
TRIX (15,9):	-0.1600
Courbe Coppock:	18.15

MA7:	24.02
MA20:	22.86
MA50:	24.14
MA100:	25.07
MAexp7:	24.18
MAexp20:	23.50
MAexp50:	23.95
MAexp100:	24.25
Price / MA7:	+7.83%
Price / MA20:	+13.30%
Price / MA50:	+7.29%
Price / MA100:	+3.31%
Price / MAexp7:	+7.11%
Price / MAexp20:	+10.21%
Price / MAexp50:	+8.14%
Price / MAexp100:	+6.80%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on ALSTOM at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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