ALTEN - 1H - Technical analysis published on 10/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 113.90 EUR
My targets
110.10 EUR (-0.72%)
104.40 EUR (-5.86%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALTEN as long as the price remains well below 113.90 EUR. The sellers' bearish objective is set at 110.10 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 104.40 EUR. In case of crossing, the next objective would be the support located at 98.20 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 price is 110.90 EUR. The price is lower by -0.09% since the last closing and was between 109.90 EUR and 111.50 EUR. This implies that the price is at +0.91% from its lowest and at -0.54% from its highest.109.90
111.50
110.90
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALTEN:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ALTEN chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 84.30 | 98.20 | 110.10 | 110.90 | 113.90 | 116.00 | 120.20 |
| Change (%) | -23.99% | -11.45% | -0.72% | - | +2.71% | +4.60% | +8.39% |
| Change | -26.60 | -12.70 | -0.80 | - | +3.00 | +5.10 | +9.30 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.37 | 108.73 | 109.87 | 111.23 | 112.37 | 113.73 | 114.87 |
| Camarilla | 110.31 | 110.54 | 110.77 | 111.00 | 111.23 | 111.46 | 111.69 |
| Woodie | 107.25 | 108.68 | 109.75 | 111.18 | 112.25 | 113.68 | 114.75 |
| Fibonacci | 108.73 | 109.69 | 110.28 | 111.23 | 112.19 | 112.78 | 113.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.70 | 104.40 | 107.70 | 113.40 | 116.70 | 122.40 | 125.70 |
| Camarilla | 108.53 | 109.35 | 110.18 | 111.00 | 111.83 | 112.65 | 113.48 |
| Woodie | 97.50 | 103.80 | 106.50 | 112.80 | 115.50 | 121.80 | 124.50 |
| Fibonacci | 104.40 | 107.84 | 109.96 | 113.40 | 116.84 | 118.96 | 122.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.37 | 108.53 | 116.57 | 126.73 | 134.77 | 144.93 | 152.97 |
| Camarilla | 119.60 | 121.26 | 122.93 | 124.60 | 126.27 | 127.94 | 129.61 |
| Woodie | 97.30 | 108.00 | 115.50 | 126.20 | 133.70 | 144.40 | 151.90 |
| Fibonacci | 108.53 | 115.49 | 119.78 | 126.73 | 133.69 | 137.98 | 144.93 |
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): | 36.22 | |
| MACD (12,26,9): | -1.2200 | |
| Directional Movement: | -17.71 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 110.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 112.44 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 112.90 | |
| Zig ZAG (10): | 110.90 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 39.18 | |
| TEMA (21): | 110.30 | |
| Williams %R (14): | -62.96 | |
| Chande Momentum Oscillator (20): | -1.40 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 2.86 |
| MA7: | 114.79 | |
| MA20: | 119.09 | |
| MA50: | 125.65 | |
| MA100: | 132.22 | |
| MAexp7: | 111.02 | |
| MAexp20: | 112.03 | |
| MAexp50: | 114.39 | |
| MAexp100: | 116.96 | |
| Price / MA7: | -3.39% | |
| Price / MA20: | -6.88% | |
| Price / MA50: | -11.74% | |
| Price / MA100: | -16.12% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -1.01% | |
| Price / MAexp50: | -3.05% | |
| Price / MAexp100: | -5.18% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on ALTEN. At the time of publication of this analysis, the latest news was 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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