ARCHER AVIATION INC. CLASS A

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	ACHR
ISIN:

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

7.9

Comment on the analysis

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.

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:

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:

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, the scanner specialised in technical indicators, has identified these signals:

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

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 : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on ARCHER AVIATION INC. CLASS A at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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