ARCHER AVIATION INC. CLASS A - 15 min. - Technical analysis published on 07/16/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 4.89 USD
My targets
5.11 USD (+1.13%)
5.26 USD (+4.22%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.89 USD remains possible. It is advisable to trade ARCHER AVIATION INC. CLASS A with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.89 USD. The next bullish objective for buyers is set at 5.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.26 USD. If there is any crossing, the next objective would be the resistance located at 5.48 USD. PS: if there is a bearish break in the support located at 4.89 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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Additional analysis
Quotes
ARCHER AVIATION INC. CLASS A rating 5.05 USD. The price has increased by +0.00% since the last closing with the lowest point at 4.95 USD and the highest point at 5.32 USD. The deviation from the price is +2.02% for the low point and -5.08% for the high point.4.95
5.32
5.05
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ARCHER AVIATION INC. CLASS A in 15 min. shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Aroon indicator bearish trend
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.04 | 4.45 | 4.95 | 5.05 | 5.14 | 5.32 | 5.59 |
| Change (%) | -20.00% | -11.88% | -1.98% | - | +1.78% | +5.35% | +10.69% |
| Change | -1.01 | -0.60 | -0.10 | - | +0.09 | +0.27 | +0.54 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | 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 | 4.52 | 4.74 | 4.89 | 5.11 | 5.26 | 5.48 | 5.63 |
| Camarilla | 4.95 | 4.98 | 5.02 | 5.05 | 5.08 | 5.12 | 5.15 |
| Woodie | 4.50 | 4.72 | 4.87 | 5.09 | 5.24 | 5.46 | 5.61 |
| Fibonacci | 4.74 | 4.88 | 4.97 | 5.11 | 5.25 | 5.34 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.16 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 0.21 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 5.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.23 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 5.27 | |
| Zig ZAG (10): | 5.08 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 32.44 | |
| TEMA (21): | 5.04 | |
| Williams %R (14): | -64.08 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 2.17 |
| MA7: | 4.60 | |
| MA20: | 3.89 | |
| MA50: | 3.68 | |
| MA100: | 4.06 | |
| MAexp7: | 5.06 | |
| MAexp20: | 5.05 | |
| MAexp50: | 4.92 | |
| MAexp100: | 4.72 | |
| Price / MA7: | +9.78% | |
| Price / MA20: | +29.82% | |
| Price / MA50: | +37.23% | |
| Price / MA100: | +24.38% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +2.64% | |
| Price / MAexp100: | +6.99% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on ARCHER AVIATION INC. CLASS A. At the time of publication of this analysis, the latest news 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.
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