ARCHER AVIATION INC. CLASS A - 1H - Technical analysis published on 07/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 5.01 USD
My targets
5.14 USD (+1.78%)
5.47 USD (+8.32%)
My analysis
ARCHER AVIATION INC. CLASS A is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.01 USD. The next resistance located at 5.14 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.47 USD. After this resistance, buyers could then target 5.59 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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Additional analysis
Quotes
The ARCHER AVIATION INC. CLASS A rating is 5.05 USD. On the day, this instrument gained +10.50% and was between 4.67 USD and 5.18 USD. This implies that the price is at +8.14% from its lowest and at -2.51% from its highest.4.67
5.18
5.05
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ARCHER AVIATION INC. CLASS A chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.04 | 4.45 | 4.79 | 5.05 | 5.14 | 5.59 | 6.46 |
| Change (%) | -20.00% | -11.88% | -5.15% | - | +1.78% | +10.69% | +27.92% |
| Change | -1.01 | -0.60 | -0.26 | - | +0.09 | +0.54 | +1.41 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.24 | 4.46 | 4.75 | 4.97 | 5.26 | 5.48 | 5.77 |
| Camarilla | 4.91 | 4.96 | 5.00 | 5.05 | 5.10 | 5.14 | 5.19 |
| Woodie | 4.29 | 4.48 | 4.80 | 4.99 | 5.31 | 5.50 | 5.82 |
| Fibonacci | 4.46 | 4.65 | 4.77 | 4.97 | 5.16 | 5.28 | 5.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.21 | 3.63 | 4.34 | 4.76 | 5.47 | 5.89 | 6.60 |
| Camarilla | 4.74 | 4.84 | 4.95 | 5.05 | 5.15 | 5.26 | 5.36 |
| Woodie | 3.36 | 3.70 | 4.49 | 4.83 | 5.62 | 5.96 | 6.75 |
| Fibonacci | 3.63 | 4.06 | 4.33 | 4.76 | 5.19 | 5.46 | 5.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.04 | 2.54 | 3.03 | 3.53 | 4.02 | 4.52 | 5.01 |
| Camarilla | 3.25 | 3.34 | 3.43 | 3.52 | 3.61 | 3.70 | 3.79 |
| Woodie | 2.04 | 2.54 | 3.03 | 3.53 | 4.02 | 4.52 | 5.01 |
| Fibonacci | 2.54 | 2.92 | 3.15 | 3.53 | 3.91 | 4.14 | 4.52 |
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): | 72.51 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 29.06 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 5.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.39 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 4.72 | |
| Zig ZAG (10): | 5.04 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 88.27 | |
| TEMA (21): | 5.10 | |
| Williams %R (14): | -15.34 | |
| Chande Momentum Oscillator (20): | 0.56 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5400 | |
| Courbe Coppock: | 29.40 |
| MA7: | 4.48 | |
| MA20: | 3.80 | |
| MA50: | 3.65 | |
| MA100: | 4.07 | |
| MAexp7: | 4.99 | |
| MAexp20: | 4.73 | |
| MAexp50: | 4.41 | |
| MAexp100: | 4.10 | |
| Price / MA7: | +12.72% | |
| Price / MA20: | +32.89% | |
| Price / MA50: | +38.36% | |
| Price / MA100: | +24.08% | |
| Price / MAexp7: | +1.20% | |
| Price / MAexp20: | +6.77% | |
| Price / MAexp50: | +14.51% | |
| Price / MAexp100: | +23.17% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on ARCHER AVIATION INC. CLASS A at the time of the generation of this analysis was as follows:
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Archer Aviation Inc. with Losses of $100,000 to Contact the Firm
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Archer Aviation Inc. with Losses of $100,000 to Contact the Firm
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Archer Aviation Inc. with Losses of $100,000 to Contact the Firm
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Archer Aviation Inc. with Losses of $100,000 to Contact the Firm
- INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Archer Aviation Inc. with Losses of $100,000 to Contact the Firm
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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