ARCHER AVIATION INC. CLASS A - Weekly - Technical analysis published on 09/03/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 5.65 USD
My targets
7.31 USD (+13.16%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARCHER AVIATION INC. CLASS A as long as the price remains well above 5.65 USD. The buyers' bullish objective is set at 7.31 USD. A bullish break in this resistance would boost the bullish momentum.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ARCHER AVIATION INC. CLASS A price is 6.46 USD. The price registered an increase of +11.77% over 5 days and was traded between 6.42 USD and 7.32 USD over the period. The price is currently at +0.62% from its lowest point and -11.75% from its highest point.6.42
7.32
6.46
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ARCHER AVIATION INC. CLASS A in Weekly shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Weekly
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.61 | 3.15 | 4.84 | 6.46 | 7.31 |
| Change (%) | -59.60% | -51.24% | -25.08% | - | +13.16% |
| Change | -3.85 | -3.31 | -1.62 | - | +0.85 |
| Level | Minor | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.51 | 5.97 | 6.21 | 6.67 | 6.91 | 7.37 | 7.61 |
| Camarilla | 6.27 | 6.33 | 6.40 | 6.46 | 6.52 | 6.59 | 6.65 |
| Woodie | 5.41 | 5.92 | 6.11 | 6.62 | 6.81 | 7.32 | 7.51 |
| Fibonacci | 5.97 | 6.23 | 6.40 | 6.67 | 6.93 | 7.10 | 7.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.23 | 4.43 | 5.10 | 6.30 | 6.97 | 8.17 | 8.84 |
| Camarilla | 5.27 | 5.44 | 5.61 | 5.78 | 5.95 | 6.12 | 6.29 |
| Woodie | 2.98 | 4.30 | 4.85 | 6.17 | 6.72 | 8.04 | 8.59 |
| Fibonacci | 4.43 | 5.14 | 5.58 | 6.30 | 7.01 | 7.45 | 8.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.41 | 4.33 | 5.65 | 6.57 | 7.89 | 8.81 | 10.13 |
| Camarilla | 6.35 | 6.56 | 6.77 | 6.97 | 7.18 | 7.38 | 7.59 |
| Woodie | 3.61 | 4.43 | 5.85 | 6.67 | 8.09 | 8.91 | 10.33 |
| Fibonacci | 4.33 | 5.19 | 5.71 | 6.57 | 7.43 | 7.95 | 8.81 |
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): | 72.04 | |
| MACD (12,26,9): | 0.8700 | |
| Directional Movement: | 27.89 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 5.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.57 | |
| Elder Ray (13): | 1.58 | |
| Super Trend (3,10): | 3.36 | |
| Zig ZAG (10): | 6.46 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 74.30 | |
| TEMA (21): | 6.22 | |
| Williams %R (14): | -21.91 | |
| Chande Momentum Oscillator (20): | 3.21 | |
| Repulse (5,40,3): | -16.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.9000 | |
| Courbe Coppock: | 229.47 |
| MA7: | 6.57 | |
| MA20: | 6.35 | |
| MA50: | 5.41 | |
| MA100: | 4.08 | |
| MAexp7: | 5.64 | |
| MAexp20: | 4.51 | |
| MAexp50: | 3.84 | |
| MAexp100: | 4.04 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | +1.73% | |
| Price / MA50: | +19.41% | |
| Price / MA100: | +58.33% | |
| Price / MAexp7: | +14.54% | |
| Price / MAexp20: | +43.24% | |
| Price / MAexp50: | +68.23% | |
| Price / MAexp100: | +59.90% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ARCHER AVIATION INC. CLASS A at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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