ABC ARBITRAGE - 1H - Technical analysis published on 09/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 4.450 EUR
My targets
4.565 EUR (+1.00%)
4.797 EUR (+6.13%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ABC ARBITRAGE as long as the price remains well above 4.450 EUR. The buyers' bullish objective is set at 4.565 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.797 EUR. If there is any crossing, the next objective would be the resistance located at 5.580 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ABC ARBITRAGE rating is 4.520 EUR. The price is lower by -0.22% since the last closing and was traded between 4.520 EUR and 4.530 EUR over the period. The price is currently at 0% from its lowest and -0.22% from its highest.4.520
4.530
4.520
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ABC ARBITRAGE:
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 1H chart of ABC ARBITRAGE indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish 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 shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
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 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 4.272 | 4.375 | 4.450 | 4.520 | 4.565 | 4.797 | 5.580 |
| Change (%) | -5.49% | -3.21% | -1.55% | - | +1.00% | +6.13% | +23.45% |
| Change | -0.248 | -0.145 | -0.070 | - | +0.045 | +0.277 | +1.060 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.407 | 4.433 | 4.482 | 4.508 | 4.557 | 4.583 | 4.632 |
| Camarilla | 4.509 | 4.516 | 4.523 | 4.530 | 4.537 | 4.544 | 4.551 |
| Woodie | 4.418 | 4.439 | 4.493 | 4.514 | 4.568 | 4.589 | 4.643 |
| Fibonacci | 4.433 | 4.462 | 4.480 | 4.508 | 4.537 | 4.555 | 4.583 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.288 | 4.372 | 4.428 | 4.512 | 4.568 | 4.652 | 4.708 |
| Camarilla | 4.447 | 4.459 | 4.472 | 4.485 | 4.498 | 4.511 | 4.524 |
| Woodie | 4.275 | 4.365 | 4.415 | 4.505 | 4.555 | 4.645 | 4.695 |
| Fibonacci | 4.372 | 4.425 | 4.458 | 4.512 | 4.565 | 4.598 | 4.652 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.700 | 3.835 | 4.090 | 4.225 | 4.480 | 4.615 | 4.870 |
| Camarilla | 4.238 | 4.274 | 4.309 | 4.345 | 4.381 | 4.417 | 4.452 |
| Woodie | 3.760 | 3.865 | 4.150 | 4.255 | 4.540 | 4.645 | 4.930 |
| Fibonacci | 3.835 | 3.984 | 4.076 | 4.225 | 4.374 | 4.466 | 4.615 |
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): | 62.68 | |
| MACD (12,26,9): | 0.0090 | |
| Directional Movement: | 23.840 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 4.503 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.465 | |
| Elder Ray (13): | 0.022 | |
| Super Trend (3,10): | 4.467 | |
| Zig ZAG (10): | 4.530 | |
| VORTEX (21): | 1.0250 | |
| Stochastique (14,3,5): | 86.28 | |
| TEMA (21): | 4.513 | |
| Williams %R (14): | -5.88 | |
| Chande Momentum Oscillator (20): | 0.065 | |
| Repulse (5,40,3): | 0.5370 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0050 | |
| Courbe Coppock: | 2.19 |
| MA7: | 4.512 | |
| MA20: | 4.379 | |
| MA50: | 4.208 | |
| MA100: | 4.158 | |
| MAexp7: | 4.513 | |
| MAexp20: | 4.495 | |
| MAexp50: | 4.484 | |
| MAexp100: | 4.447 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +3.22% | |
| Price / MA50: | +7.41% | |
| Price / MA100: | +8.71% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +1.64% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on ABC ARBITRAGE. At the time of publication of this analysis, the latest news was as follows:
- ABC arbitrage : General meeting of June 7 2024
- ABC arbitrage: Release of the annual financial report as at December 31, 2023
- Half-year liquidity contract statement for ABC ARBITRAGE
- ABC arbitrage: First Semester Financial report (V2)
- ABC arbitrage : Release of the half-yearly financial report as at 30 June 2023
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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