ALTEN - 1H - Technical analysis published on 02/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 137.9 EUR
My targets
130.6 EUR (-2.17%)
127.9 EUR (-4.19%)
My analysis
The bearish basic trend is very strong on ALTEN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 137.9 EUR. Crossing the first support at 130.6 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 127.9 EUR as an objective. Crossing it would then enable sellers to target 120.0 EUR. Caution, a return to above the resistance located at 137.9 EUR would be a sign of a possible consolidation phase of the short-term basic trend. 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.9
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Additional analysis
Quotes
The ALTEN rating is 133.5 EUR. The price registered a decrease of -0.15% on the session and was traded between 132.3 EUR and 133.7 EUR over the period. The price is currently at +0.91% from its lowest and -0.15% from its highest.132.3
133.7
133.5
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ALTEN indicates that the overall trend is strongly bearish. 85.71% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 120.0 | 127.9 | 130.6 | 133.5 | 133.6 | 137.9 | 140.1 |
| Change (%) | -10.11% | -4.19% | -2.17% | - | +0.07% | +3.30% | +4.94% |
| Change | -13.5 | -5.6 | -2.9 | - | +0.1 | +4.4 | +6.6 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Intermediate |
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 | 127.3 | 129.0 | 131.3 | 133.0 | 135.3 | 137.0 | 139.3 |
| Camarilla | 132.6 | 133.0 | 133.3 | 133.7 | 134.1 | 134.4 | 134.8 |
| Woodie | 127.7 | 129.2 | 131.7 | 133.2 | 135.7 | 137.2 | 139.7 |
| Fibonacci | 129.0 | 130.5 | 131.4 | 133.0 | 134.5 | 135.4 | 137.0 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.9 | 130.6 | 135.4 | 141.1 | 145.9 | 151.6 | 156.4 |
| Camarilla | 137.2 | 138.2 | 139.1 | 140.1 | 141.1 | 142.0 | 143.0 |
| Woodie | 124.4 | 130.4 | 134.9 | 140.9 | 145.4 | 151.4 | 155.9 |
| Fibonacci | 130.6 | 134.6 | 137.1 | 141.1 | 145.1 | 147.6 | 151.6 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.2 | 119.4 | 131.6 | 138.8 | 151.0 | 158.2 | 170.4 |
| Camarilla | 138.5 | 140.2 | 142.0 | 143.8 | 145.6 | 147.4 | 149.1 |
| Woodie | 114.7 | 120.7 | 134.1 | 140.1 | 153.5 | 159.5 | 172.9 |
| Fibonacci | 119.4 | 126.8 | 131.4 | 138.8 | 146.2 | 150.8 | 158.2 |
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): | 43.50 | |
| MACD (12,26,9): | -1.2000 | |
| Directional Movement: | -9.8 | |
| AROON (14): | 57.1 | |
| DEMA (21): | 132.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 131.5 | |
| Elder Ray (13): | 0.1 | |
| Super Trend (3,10): | 135.3 | |
| Zig ZAG (10): | 133.5 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 63.10 | |
| TEMA (21): | 132.3 | |
| Williams %R (14): | -28.20 | |
| Chande Momentum Oscillator (20): | 2.2 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 0.30 |
| MA7: | 137.4 | |
| MA20: | 141.2 | |
| MA50: | 137.2 | |
| MA100: | 129.0 | |
| MAexp7: | 133.1 | |
| MAexp20: | 133.9 | |
| MAexp50: | 136.6 | |
| MAexp100: | 138.9 | |
| Price / MA7: | -2.84% | |
| Price / MA20: | -5.45% | |
| Price / MA50: | -2.70% | |
| Price / MA100: | +3.49% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | -2.27% | |
| Price / MAexp100: | -3.89% |
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:
- 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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