ARCHER AVIATION INC. CLASS A - 1H - Technical analysis published on 07/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 4.76 USD
My targets
5.14 USD (+3.63%)
5.47 USD (+10.28%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ARCHER AVIATION INC. CLASS A. As long as you are above the support located at 4.76 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5.14 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.47 USD as an objective. Crossing it would then enable buyers to target 5.59 USD. If the support 4.76 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARCHER AVIATION INC. CLASS A rating 4.96 USD. On the day, this instrument lost -2.17% and was traded between 4.86 USD and 5.21 USD over the period. The price is currently at +2.06% from its lowest and -4.80% from its highest.4.86
5.21
4.96
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
Abnormal volumes on ARCHER AVIATION INC. CLASS A were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of ARCHER AVIATION INC. CLASS A indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.04 | 4.45 | 4.95 | 4.96 | 5.14 | 5.59 | 5.90 |
| Change (%) | -18.55% | -10.28% | -0.20% | - | +3.63% | +12.70% | +18.95% |
| Change | -0.92 | -0.51 | -0.01 | - | +0.18 | +0.63 | +0.94 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | 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 | 4.56 | 4.79 | 4.93 | 5.16 | 5.30 | 5.53 | 5.67 |
| Camarilla | 4.97 | 5.00 | 5.04 | 5.07 | 5.10 | 5.14 | 5.17 |
| Woodie | 4.52 | 4.77 | 4.89 | 5.14 | 5.26 | 5.51 | 5.63 |
| Fibonacci | 4.79 | 4.93 | 5.02 | 5.16 | 5.30 | 5.39 | 5.53 |
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): | 46.79 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -2.97 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 5.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.18 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 5.37 | |
| Zig ZAG (10): | 4.97 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 18.47 | |
| TEMA (21): | 5.02 | |
| Williams %R (14): | -80.99 | |
| Chande Momentum Oscillator (20): | -0.42 | |
| Repulse (5,40,3): | -1.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 7.79 |
| MA7: | 4.93 | |
| MA20: | 4.19 | |
| MA50: | 3.75 | |
| MA100: | 4.07 | |
| MAexp7: | 5.02 | |
| MAexp20: | 5.06 | |
| MAexp50: | 4.87 | |
| MAexp100: | 4.51 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +18.38% | |
| Price / MA50: | +32.27% | |
| Price / MA100: | +21.87% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | -1.98% | |
| Price / MAexp50: | +1.85% | |
| Price / MAexp100: | +9.98% |
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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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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