ARCHER AVIATION INC. CLASS A - Daily - Technical analysis published on 07/17/2024 (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
83%
6%
11%
My opinion
Bullish above 4.52 USD
My targets
5.14 USD (+1.98%)
5.59 USD (+10.91%)
My analysis
The bullish trend is currently very strong on ARCHER AVIATION INC. CLASS A. As long as the price remains above the support at 4.52 USD, you could try to benefit from the boom. The first bullish objective is located at 5.14 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.59 USD as an objective. Crossing it would then enable buyers to target 6.46 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
The ARCHER AVIATION INC. CLASS A price is 5.04 USD. The price registered a decrease of -6.49% on the session and was traded between 5.03 USD and 5.39 USD over the period. The price is currently at +0.20% from its lowest and -6.49% from its highest.5.03
5.39
5.04
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ARCHER AVIATION INC. CLASS A in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2.61 | 3.15 | 4.45 | 5.04 | 5.14 | 5.59 | 6.46 |
Change (%) | -48.21% | -37.50% | -11.71% | - | +1.98% | +10.91% | +28.17% |
Change | -2.43 | -1.89 | -0.59 | - | +0.10 | +0.55 | +1.42 |
Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
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 | 4.67 | 4.84 | 5.12 | 5.29 | 5.57 | 5.74 | 6.02 |
Camarilla | 5.27 | 5.31 | 5.35 | 5.39 | 5.43 | 5.47 | 5.51 |
Woodie | 4.72 | 4.87 | 5.17 | 5.32 | 5.62 | 5.77 | 6.07 |
Fibonacci | 4.84 | 5.02 | 5.12 | 5.29 | 5.47 | 5.57 | 5.74 |
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): | 69.60 | |
MACD (12,26,9): | 0.4300 | |
Directional Movement: | 30.84 | |
AROON (14): | 78.57 | |
DEMA (21): | 4.79 | |
Parabolic SAR (0,02-0,02-0,2): | 4.32 | |
Elder Ray (13): | 0.66 | |
Super Trend (3,10): | 4.22 | |
Zig ZAG (10): | 5.08 | |
VORTEX (21): | 1.2400 | |
Stochastique (14,3,5): | 88.05 | |
TEMA (21): | 5.16 | |
Williams %R (14): | -18.30 | |
Chande Momentum Oscillator (20): | 1.55 | |
Repulse (5,40,3): | 0.5100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.1300 | |
Courbe Coppock: | 79.17 |
MA7: | 4.83 | |
MA20: | 4.10 | |
MA50: | 3.73 | |
MA100: | 4.07 | |
MAexp7: | 4.87 | |
MAexp20: | 4.31 | |
MAexp50: | 4.00 | |
MAexp100: | 4.17 | |
Price / MA7: | +4.35% | |
Price / MA20: | +22.93% | |
Price / MA50: | +35.12% | |
Price / MA100: | +23.83% | |
Price / MAexp7: | +3.49% | |
Price / MAexp20: | +16.94% | |
Price / MAexp50: | +26.00% | |
Price / MAexp100: | +20.86% |
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
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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