ARCHER AVIATION INC. CLASS A - 1H - Technical analysis published on 07/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 4.37 USD
My targets
4.04 USD (-2.88%)
3.85 USD (-7.45%)
My analysis
ARCHER AVIATION INC. CLASS A is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.37 USD. The next support located at 4.04 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.85 USD. Below this support, sellers could then target 3.65 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 price is 4.16 USD. On the day, this instrument lost -6.73% and was traded between 4.09 USD and 4.42 USD over the period. The price is currently at +1.71% from its lowest and -5.88% from its highest.4.09
4.42
4.16
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ARCHER AVIATION INC. CLASS A:
Technical
Technical analysis of ARCHER AVIATION INC. CLASS A in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 3.33 | 3.65 | 4.04 | 4.16 | 4.45 | 4.79 | 5.14 |
Change (%) | -19.95% | -12.26% | -2.88% | - | +6.97% | +15.14% | +23.56% |
Change | -0.83 | -0.51 | -0.12 | - | +0.29 | +0.63 | +0.98 |
Level | Intermediate | Major | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.85 | 4.11 | 4.29 | 4.55 | 4.73 | 4.99 | 5.17 |
Camarilla | 4.34 | 4.38 | 4.42 | 4.46 | 4.50 | 4.54 | 4.58 |
Woodie | 3.80 | 4.09 | 4.24 | 4.53 | 4.68 | 4.97 | 5.12 |
Fibonacci | 4.11 | 4.28 | 4.39 | 4.55 | 4.72 | 4.83 | 4.99 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.85 | 4.05 | 4.37 | 4.57 | 4.89 | 5.09 | 5.41 |
Camarilla | 4.55 | 4.60 | 4.64 | 4.69 | 4.74 | 4.79 | 4.83 |
Woodie | 3.91 | 4.08 | 4.43 | 4.60 | 4.95 | 5.12 | 5.47 |
Fibonacci | 4.05 | 4.25 | 4.37 | 4.57 | 4.77 | 4.89 | 5.09 |
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): | 29.54 | |
MACD (12,26,9): | -0.1100 | |
Directional Movement: | -20.37 | |
AROON (14): | -78.57 | |
DEMA (21): | 4.28 | |
Parabolic SAR (0,02-0,02-0,2): | 4.41 | |
Elder Ray (13): | -0.22 | |
Super Trend (3,10): | 4.43 | |
Zig ZAG (10): | 4.13 | |
VORTEX (21): | 0.7600 | |
Stochastique (14,3,5): | 5.92 | |
TEMA (21): | 4.21 | |
Williams %R (14): | -93.10 | |
Chande Momentum Oscillator (20): | -0.54 | |
Repulse (5,40,3): | -2.0400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1600 | |
Courbe Coppock: | 16.36 |
MA7: | 4.46 | |
MA20: | 4.57 | |
MA50: | 3.85 | |
MA100: | 4.06 | |
MAexp7: | 4.24 | |
MAexp20: | 4.39 | |
MAexp50: | 4.52 | |
MAexp100: | 4.51 | |
Price / MA7: | -6.73% | |
Price / MA20: | -8.97% | |
Price / MA50: | +8.05% | |
Price / MA100: | +2.46% | |
Price / MAexp7: | -1.89% | |
Price / MAexp20: | -5.24% | |
Price / MAexp50: | -7.96% | |
Price / MAexp100: | -7.76% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ARCHER AVIATION INC. CLASS A at the time of the analysis were 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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