ALTEN - 1H - Technical analysis published on 01/17/2023 (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
78%
6%
17%
My opinion
Bullish above 135.0 EUR
My targets
143.2 EUR (+5.53%)
158.1 EUR (+16.51%)
My analysis
ALTEN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 135.0 EUR. The next resistance located at 143.2 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 158.1 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALTEN rating 135.7 EUR. The price registered an increase of +2.96% on the session and was between 135.2 EUR and 137.7 EUR. This implies that the price is at +0.37% from its lowest and at -1.45% from its highest.135.2
137.7
135.7
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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 (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ALTEN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 126.4 | 130.2 | 135.0 | 135.7 | 158.1 |
| Change (%) | -6.85% | -4.05% | -0.52% | - | +16.51% |
| Change | -9.3 | -5.5 | -0.7 | - | +22.4 |
| Level | Minor | Minor | Major | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.4 | 128.5 | 130.1 | 131.2 | 132.8 | 133.9 | 135.5 |
| Camarilla | 131.1 | 131.3 | 131.6 | 131.8 | 132.1 | 132.3 | 132.5 |
| Woodie | 127.8 | 128.6 | 130.5 | 131.3 | 133.2 | 134.0 | 135.9 |
| Fibonacci | 128.5 | 129.5 | 130.1 | 131.2 | 132.2 | 132.8 | 133.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.5 | 116.9 | 123.4 | 126.8 | 133.3 | 136.7 | 143.2 |
| Camarilla | 127.2 | 128.1 | 129.0 | 129.9 | 130.8 | 131.7 | 132.6 |
| Woodie | 115.1 | 117.7 | 125.0 | 127.6 | 134.9 | 137.5 | 144.8 |
| Fibonacci | 116.9 | 120.7 | 123.0 | 126.8 | 130.6 | 132.9 | 136.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.3 | 106.9 | 111.9 | 119.5 | 124.5 | 132.1 | 137.1 |
| Camarilla | 113.3 | 114.5 | 115.7 | 116.8 | 118.0 | 119.1 | 120.3 |
| Woodie | 97.9 | 106.3 | 110.5 | 118.9 | 123.1 | 131.5 | 135.7 |
| Fibonacci | 106.9 | 111.8 | 114.7 | 119.5 | 124.4 | 127.3 | 132.1 |
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): | 83.60 | |
| MACD (12,26,9): | 1.8000 | |
| Directional Movement: | 55.1 | |
| AROON (14): | 85.7 | |
| DEMA (21): | 132.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 131.2 | |
| Elder Ray (13): | 5.1 | |
| Super Trend (3,10): | 132.8 | |
| Zig ZAG (10): | 135.9 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 88.40 | |
| TEMA (21): | 133.3 | |
| Williams %R (14): | -20.20 | |
| Chande Momentum Oscillator (20): | 6.7 | |
| Repulse (5,40,3): | -0.7000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 5.00 |
| MA7: | 128.3 | |
| MA20: | 122.0 | |
| MA50: | 122.0 | |
| MA100: | 119.3 | |
| MAexp7: | 132.5 | |
| MAexp20: | 130.5 | |
| MAexp50: | 127.6 | |
| MAexp100: | 125.0 | |
| Price / MA7: | +5.77% | |
| Price / MA20: | +11.23% | |
| Price / MA50: | +11.23% | |
| Price / MA100: | +13.75% | |
| Price / MAexp7: | +2.42% | |
| Price / MAexp20: | +3.98% | |
| Price / MAexp50: | +6.35% | |
| Price / MAexp100: | +8.56% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on ALTEN at the time of the analysis were as follows:
- Equiteq advises Alten on its first Korean acquisition, AP Solutions, a local leader in technology and engineering services
- Equiteq advises Alten on its first Korean acquisition, AP Solutions, a local leader in technology and engineering services
- ALTEN Calsoft Labs rebrands its business name as ACL Digital to represent and reemphasize its capabilities in the digital ecosystem
- ALTEN Calsoft Labs Acquires Wafer Space, a Semiconductor and Embedded Systems Company
-
Alten
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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