ALTEN - Daily - Technical analysis published on 01/17/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 125.1 EUR
My targets
137.1 EUR (+1.23%)
158.1 EUR (+16.77%)
My analysis
The bullish trend is currently very strong on ALTEN. As long as the price remains above the support at 125.1 EUR, you could try to benefit from the boom. The first bullish objective is located at 137.1 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 158.1 EUR as an objective. 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.
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
0
10
8.9
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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 ALTEN rating is 135.4 EUR. The price registered an increase of +2.73% on the session with the lowest point at 134.1 EUR and the highest point at 137.7 EUR. The deviation from the price is +0.97% for the low point and -1.67% for the high point.134.1
137.7
135.4
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 (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ALTEN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 119.4 | 125.1 | 135.0 | 135.4 | 158.1 |
| Change (%) | -11.82% | -7.61% | -0.30% | - | +16.77% |
| Change | -16.0 | -10.3 | -0.4 | - | +22.7 |
| Level | Major | Major | Major | - | Major |
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 | 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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 74.40 | |
| MACD (12,26,9): | 3.0000 | |
| Directional Movement: | 32.0 | |
| AROON (14): | 92.9 | |
| DEMA (21): | 127.5 | |
| Parabolic SAR (0,02-0,02-0,2): | 120.7 | |
| Elder Ray (13): | 9.8 | |
| Super Trend (3,10): | 125.9 | |
| Zig ZAG (10): | 135.5 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 94.90 | |
| TEMA (21): | 130.1 | |
| Williams %R (14): | -10.40 | |
| Chande Momentum Oscillator (20): | 18.7 | |
| Repulse (5,40,3): | 2.9000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 18.50 |
| MA7: | 128.2 | |
| MA20: | 122.0 | |
| MA50: | 121.9 | |
| MA100: | 119.3 | |
| MAexp7: | 129.1 | |
| MAexp20: | 124.4 | |
| MAexp50: | 121.8 | |
| MAexp100: | 121.0 | |
| Price / MA7: | +5.62% | |
| Price / MA20: | +10.98% | |
| Price / MA50: | +11.07% | |
| Price / MA100: | +13.50% | |
| Price / MAexp7: | +4.88% | |
| Price / MAexp20: | +8.84% | |
| Price / MAexp50: | +11.17% | |
| Price / MAexp100: | +11.90% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on ALTEN at the time of the generation of this analysis was 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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