ARCHER AVIATION INC. CLASS A - Daily - Technical analysis published on 07/16/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 5.01 USD
My targets
5.59 USD (+8.54%)
6.46 USD (+25.44%)
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 5.59 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 6.46 USD. After this resistance, buyers could then target 6.90 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, 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
8
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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 rating is 5.15 USD. The price has increased by +1.98% since the last closing with the lowest point at 5.02 USD and the highest point at 5.22 USD. The deviation from the price is +2.59% for the low point and -1.34% for the high point.5.02
5.22
5.15
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ARCHER AVIATION INC. CLASS A indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.15 | 4.45 | 5.14 | 5.15 | 5.59 | 6.46 | 6.90 |
| Change (%) | -38.83% | -13.59% | -0.19% | - | +8.54% | +25.44% | +33.98% |
| Change | -2.00 | -0.70 | -0.01 | - | +0.44 | +1.31 | +1.75 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | 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): | 77.38 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 32.04 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 4.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.14 | |
| Elder Ray (13): | 0.69 | |
| Super Trend (3,10): | 4.17 | |
| Zig ZAG (10): | 5.15 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 90.45 | |
| TEMA (21): | 5.00 | |
| Williams %R (14): | -8.05 | |
| Chande Momentum Oscillator (20): | 1.67 | |
| Repulse (5,40,3): | 3.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9800 | |
| Courbe Coppock: | 73.48 |
| MA7: | 4.71 | |
| MA20: | 3.99 | |
| MA50: | 3.70 | |
| MA100: | 4.07 | |
| MAexp7: | 4.75 | |
| MAexp20: | 4.20 | |
| MAexp50: | 3.95 | |
| MAexp100: | 4.15 | |
| Price / MA7: | +9.34% | |
| Price / MA20: | +29.07% | |
| Price / MA50: | +39.19% | |
| Price / MA100: | +26.54% | |
| Price / MAexp7: | +8.42% | |
| Price / MAexp20: | +22.62% | |
| Price / MAexp50: | +30.38% | |
| Price / MAexp100: | +24.10% |
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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