ALTEN - 1H - Technical analysis published on 09/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 132.6 EUR
My targets
139.2 EUR (+3.94%)
147.7 EUR (+10.31%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ALTEN as long as the price remains well above 132.6 EUR. The buyers' bullish objective is set at 139.2 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 147.7 EUR. If there is any crossing, the next objective would be the resistance located at 156.4 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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Additional analysis
Quotes
ALTEN rating 133.9 EUR. The price registered an increase of +2.37% on the session and was between 133.0 EUR and 134.5 EUR. This implies that the price is at +0.68% from its lowest and at -0.45% from its highest.133.0
134.5
133.9
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
A study of price movements over other periods shows the following variations:
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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 131.6 | 132.6 | 133.6 | 133.9 | 147.7 | 156.4 |
| Change (%) | -1.72% | -0.97% | -0.22% | - | +10.31% | +16.80% |
| Change | -2.3 | -1.3 | -0.3 | - | +13.8 | +22.5 |
| Level | Minor | Major | Major | - | Intermediate | 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 | 127.6 | 128.8 | 129.8 | 131.0 | 132.0 | 133.2 | 134.2 |
| Camarilla | 130.2 | 130.4 | 130.6 | 130.8 | 131.0 | 131.2 | 131.4 |
| Woodie | 127.5 | 128.8 | 129.7 | 131.0 | 131.9 | 133.2 | 134.1 |
| Fibonacci | 128.8 | 129.6 | 130.2 | 131.0 | 131.8 | 132.4 | 133.2 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.5 | 123.7 | 127.4 | 129.6 | 133.3 | 135.5 | 139.2 |
| Camarilla | 129.4 | 129.9 | 130.5 | 131.0 | 131.5 | 132.1 | 132.6 |
| Woodie | 122.2 | 124.1 | 128.1 | 130.0 | 134.0 | 135.9 | 139.9 |
| Fibonacci | 123.7 | 126.0 | 127.4 | 129.6 | 131.9 | 133.3 | 135.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.3 | 119.8 | 125.5 | 130.0 | 135.7 | 140.2 | 145.9 |
| Camarilla | 128.5 | 129.4 | 130.4 | 131.3 | 132.2 | 133.2 | 134.1 |
| Woodie | 116.0 | 120.1 | 126.2 | 130.3 | 136.4 | 140.5 | 146.6 |
| Fibonacci | 119.8 | 123.7 | 126.1 | 130.0 | 133.9 | 136.3 | 140.2 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 68.80 | |
| MACD (12,26,9): | 0.8000 | |
| Directional Movement: | 22.5 | |
| AROON (14): | 7.1 | |
| DEMA (21): | 133.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 130.3 | |
| Elder Ray (13): | 1.2 | |
| Super Trend (3,10): | 131.4 | |
| Zig ZAG (10): | 133.9 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 85.20 | |
| TEMA (21): | 133.3 | |
| Williams %R (14): | -13.30 | |
| Chande Momentum Oscillator (20): | 2.3 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.60 |
| MA7: | 130.6 | |
| MA20: | 128.7 | |
| MA50: | 133.9 | |
| MA100: | 141.4 | |
| MAexp7: | 133.2 | |
| MAexp20: | 132.1 | |
| MAexp50: | 130.8 | |
| MAexp100: | 129.8 | |
| Price / MA7: | +2.53% | |
| Price / MA20: | +4.04% | |
| Price / MA50: | -0% | |
| Price / MA100: | -5.30% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +1.36% | |
| Price / MAexp50: | +2.37% | |
| Price / MAexp100: | +3.16% |
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:
- ALTEN Acquires QA Consultants, Bringing Independent Software Quality Engineering Capabilities to its Services Portfolio
- 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
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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