ARCHER AVIATION INC. CLASS A - 1H - Technical analysis published on 07/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 4.90 USD
My targets
4.45 USD (-4.09%)
4.33 USD (-6.68%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ARCHER AVIATION INC. CLASS A as long as the price remains well below 4.90 USD. The next bearish objective for sellers is set at 4.45 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.33 USD. In case of crossing, the next objective would be the support located at 4.04 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 4.45 USD. With this support, against the trend traders who want to buy ARCHER AVIATION INC. CLASS A on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.1
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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 4.64 USD. The price is lower by -3.93% since the last closing and was traded between 4.59 USD and 4.81 USD over the period. The price is currently at +1.09% from its lowest and -3.53% from its highest.4.59
4.81
4.64
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
Here is a more detailed summary of the historical variations registered by ARCHER AVIATION INC. CLASS A:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this ARCHER AVIATION INC. CLASS A chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.62 | 4.04 | 4.45 | 4.64 | 4.95 | 5.14 | 5.59 |
| Change (%) | -21.98% | -12.93% | -4.09% | - | +6.68% | +10.78% | +20.47% |
| Change | -1.02 | -0.60 | -0.19 | - | +0.31 | +0.50 | +0.95 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 4.33 | 4.46 | 4.55 | 4.68 | 4.77 | 4.90 | 4.99 |
| Camarilla | 4.58 | 4.60 | 4.62 | 4.64 | 4.66 | 4.68 | 4.70 |
| Woodie | 4.31 | 4.45 | 4.53 | 4.67 | 4.75 | 4.89 | 4.97 |
| Fibonacci | 4.46 | 4.54 | 4.60 | 4.68 | 4.76 | 4.82 | 4.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.45 | 4.02 | 4.33 | 4.90 | 5.21 | 5.78 | 6.09 |
| Camarilla | 4.40 | 4.48 | 4.56 | 4.64 | 4.72 | 4.80 | 4.88 |
| Woodie | 3.32 | 3.96 | 4.20 | 4.84 | 5.08 | 5.72 | 5.96 |
| Fibonacci | 4.02 | 4.36 | 4.56 | 4.90 | 5.24 | 5.44 | 5.78 |
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): | 35.80 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -19.16 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 4.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.73 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 4.96 | |
| Zig ZAG (10): | 4.65 | |
| VORTEX (21): | 0.6900 | |
| Stochastique (14,3,5): | 9.15 | |
| TEMA (21): | 4.60 | |
| Williams %R (14): | -91.13 | |
| Chande Momentum Oscillator (20): | -0.38 | |
| Repulse (5,40,3): | -0.9500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 15.50 |
| MA7: | 4.94 | |
| MA20: | 4.26 | |
| MA50: | 3.76 | |
| MA100: | 4.07 | |
| MAexp7: | 4.70 | |
| MAexp20: | 4.85 | |
| MAexp50: | 4.82 | |
| MAexp100: | 4.55 | |
| Price / MA7: | -6.07% | |
| Price / MA20: | +8.92% | |
| Price / MA50: | +23.40% | |
| Price / MA100: | +14.00% | |
| Price / MAexp7: | -1.28% | |
| Price / MAexp20: | -4.33% | |
| Price / MAexp50: | -3.73% | |
| Price / MAexp100: | +1.98% |
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.
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