ALSTOM - 1H - Technical analysis published on 08/10/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
28%
56%
My opinion
Bearish under 26.66 EUR
My targets
25.74 EUR (-1.38%)
24.70 EUR (-5.36%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALSTOM as long as the price remains well below 26.66 EUR. The next bearish objective for sellers is set at 25.74 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.70 EUR. If there is any crossing, the next objective would be the support located at 23.85 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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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 ALSTOM price is 26.10 EUR. The price is lower by -0.15% since the last closing with the lowest point at 26.01 EUR and the highest point at 26.50 EUR. The deviation from the price is +0.35% for the low point and -1.51% for the high point.26.01
26.50
26.10
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ALSTOM indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.85 | 24.70 | 25.74 | 26.10 | 26.66 | 27.64 | 27.99 |
| Change (%) | -8.62% | -5.36% | -1.38% | - | +2.15% | +5.90% | +7.24% |
| Change | -2.25 | -1.40 | -0.36 | - | +0.56 | +1.54 | +1.89 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | 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 | 25.55 | 25.85 | 25.99 | 26.29 | 26.43 | 26.73 | 26.87 |
| Camarilla | 26.02 | 26.06 | 26.10 | 26.14 | 26.18 | 26.22 | 26.26 |
| Woodie | 25.48 | 25.81 | 25.92 | 26.25 | 26.36 | 26.69 | 26.80 |
| Fibonacci | 25.85 | 26.02 | 26.12 | 26.29 | 26.46 | 26.56 | 26.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.38 | 25.35 | 26.04 | 27.01 | 27.70 | 28.67 | 29.36 |
| Camarilla | 26.26 | 26.42 | 26.57 | 26.72 | 26.87 | 27.02 | 27.18 |
| Woodie | 24.23 | 25.28 | 25.89 | 26.94 | 27.55 | 28.60 | 29.21 |
| Fibonacci | 25.35 | 25.99 | 26.38 | 27.01 | 27.65 | 28.04 | 28.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.39 | 22.91 | 25.36 | 26.88 | 29.33 | 30.85 | 33.30 |
| Camarilla | 26.73 | 27.09 | 27.46 | 27.82 | 28.18 | 28.55 | 28.91 |
| Woodie | 21.87 | 23.14 | 25.84 | 27.11 | 29.81 | 31.08 | 33.78 |
| Fibonacci | 22.91 | 24.42 | 25.36 | 26.88 | 28.39 | 29.33 | 30.85 |
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): | 48.33 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | 0.31 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 26.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.97 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 25.86 | |
| Zig ZAG (10): | 26.22 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 38.42 | |
| TEMA (21): | 26.22 | |
| Williams %R (14): | -61.54 | |
| Chande Momentum Oscillator (20): | -0.19 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.41 |
| MA7: | 26.42 | |
| MA20: | 26.99 | |
| MA50: | 26.69 | |
| MA100: | 25.35 | |
| MAexp7: | 26.19 | |
| MAexp20: | 26.23 | |
| MAexp50: | 26.40 | |
| MAexp100: | 26.63 | |
| Price / MA7: | -1.21% | |
| Price / MA20: | -3.30% | |
| Price / MA50: | -2.21% | |
| Price / MA100: | +2.96% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -1.14% | |
| Price / MAexp100: | -1.99% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on ALSTOM. At the time of publication of this analysis, the latest news was as follows:
-
Why Alstom and Seimens are ramping up passenger train production #Shorts
- Alstom's Q1 2023/24 presentation
- ALSTOM SA: Alstom’s orders and sales for the first three months of 2023/24. Market dynamics and pipeline confirmed.
- ALSTOM SA: Alstom to supply 40 Coradia Stream trains to NAH.SH in Germany
- ALSTOM SA : Option for payment of dividend 2022/23 in shares: Calendar and terms
This member declared not having a position on this financial instrument or a related financial instrument.
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