ALTEN - Daily - Technical analysis published on 12/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 102.9 EUR
My targets
115.3 EUR (+1.65%)
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 102.9 EUR. The buyers” bullish objective is set at 115.3 EUR. A bullish break in this resistance would boost the bullish momentum. 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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALTEN rating 113.4 EUR. The price registered a decrease of -0.09% on the session and was between 112.7 EUR and 113.7 EUR. This implies that the price is at +0.62% from its lowest and at -0.26% from its highest.112.7
113.7
113.4
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ALTEN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | Price | S1 | |
|---|---|---|---|---|
| ProTrendLines | 95.0 | 108.1 | 113.4 | 113.4 |
| Change (%) | -16.23% | -4.67% | - | 0% |
| Change | -18.4 | -5.3 | - | 0 |
| Level | 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 | 111.0 | 111.5 | 112.5 | 113.0 | 114.0 | 114.5 | 115.5 |
| Camarilla | 113.1 | 113.2 | 113.4 | 113.5 | 113.6 | 113.8 | 113.9 |
| Woodie | 111.3 | 111.6 | 112.8 | 113.1 | 114.3 | 114.6 | 115.8 |
| Fibonacci | 111.5 | 112.1 | 112.4 | 113.0 | 113.6 | 113.9 | 114.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.6 | 110.6 | 112.1 | 113.1 | 114.6 | 115.6 | 117.1 |
| Camarilla | 112.8 | 113.0 | 113.3 | 113.5 | 113.7 | 114.0 | 114.2 |
| Woodie | 109.8 | 110.7 | 112.3 | 113.2 | 114.8 | 115.7 | 117.3 |
| Fibonacci | 110.6 | 111.6 | 112.2 | 113.1 | 114.1 | 114.7 | 115.6 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.5 | 95.3 | 100.1 | 102.9 | 107.7 | 110.5 | 115.3 |
| Camarilla | 102.7 | 103.4 | 104.1 | 104.8 | 105.5 | 106.2 | 106.9 |
| Woodie | 93.4 | 95.8 | 101.0 | 103.4 | 108.6 | 111.0 | 116.2 |
| Fibonacci | 95.3 | 98.2 | 100.0 | 102.9 | 105.8 | 107.6 | 110.5 |
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): | 68.70 | |
| MACD (12,26,9): | 2.8000 | |
| Directional Movement: | 23.1 | |
| AROON (14): | 57.1 | |
| DEMA (21): | 112.8 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.4 | |
| Elder Ray (13): | 2.4 | |
| Super Trend (3,10): | 106.9 | |
| Zig ZAG (10): | 113.4 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 76.30 | |
| TEMA (21): | 114.2 | |
| Williams %R (14): | -21.10 | |
| Chande Momentum Oscillator (20): | 7.5 | |
| Repulse (5,40,3): | 1.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 12.70 |
| MA7: | 112.5 | |
| MA20: | 108.7 | |
| MA50: | 103.7 | |
| MA100: | 104.3 | |
| MAexp7: | 112.3 | |
| MAexp20: | 109.3 | |
| MAexp50: | 106.0 | |
| MAexp100: | 104.2 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +4.32% | |
| Price / MA50: | +9.35% | |
| Price / MA100: | +8.72% | |
| Price / MAexp7: | +0.98% | |
| Price / MAexp20: | +3.75% | |
| Price / MAexp50: | +6.98% | |
| Price / MAexp100: | +8.83% |
News
The latest news and videos published on ALTEN at the time of the analysis were as follows:
AltenThis member declared not having a position on this financial instrument or a related financial instrument.
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