ARCHER AVIATION INC. CLASS A - Daily - Technical analysis published on 08/14/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 4.34 USD
My targets
3.20 USD (-11.03%)
3.02 USD (-16.11%)
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 4.34 USD. The next support located at 3.20 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 3.02 USD. Below this support, sellers could then target 1.63 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.9
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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 price is 3.60 USD. On the day, this instrument gained +1.41% and was traded between 3.45 USD and 3.61 USD over the period. The price is currently at +4.35% from its lowest and -0.28% from its highest.3.45
3.61
3.60
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ARCHER AVIATION INC. CLASS A:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ARCHER AVIATION INC. CLASS A chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 1.63 | 3.02 | 3.60 | 3.65 | 4.45 | 5.14 |
Change (%) | -54.72% | -16.11% | - | +1.39% | +23.61% | +42.78% |
Change | -1.97 | -0.58 | - | +0.05 | +0.85 | +1.54 |
Level | Minor | Major | - | Intermediate | Major | Intermediate |
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 | 3.34 | 3.39 | 3.50 | 3.55 | 3.66 | 3.71 | 3.82 |
Camarilla | 3.56 | 3.57 | 3.59 | 3.60 | 3.62 | 3.63 | 3.64 |
Woodie | 3.36 | 3.41 | 3.52 | 3.57 | 3.68 | 3.73 | 3.84 |
Fibonacci | 3.39 | 3.45 | 3.49 | 3.55 | 3.61 | 3.65 | 3.71 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.62 | 3.03 | 3.33 | 3.74 | 4.04 | 4.45 | 4.75 |
Camarilla | 3.45 | 3.51 | 3.58 | 3.64 | 3.71 | 3.77 | 3.84 |
Woodie | 2.58 | 3.00 | 3.29 | 3.71 | 4.00 | 4.42 | 4.71 |
Fibonacci | 3.03 | 3.30 | 3.47 | 3.74 | 4.01 | 4.18 | 4.45 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.10 | 2.24 | 3.20 | 4.34 | 5.30 | 6.44 | 7.40 |
Camarilla | 3.59 | 3.79 | 3.98 | 4.17 | 4.36 | 4.56 | 4.75 |
Woodie | 1.02 | 2.20 | 3.12 | 4.30 | 5.22 | 6.40 | 7.32 |
Fibonacci | 2.24 | 3.04 | 3.53 | 4.34 | 5.14 | 5.63 | 6.44 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 37.34 | |
MACD (12,26,9): | -0.1500 | |
Directional Movement: | -16.10 | |
AROON (14): | -64.28 | |
DEMA (21): | 3.92 | |
Parabolic SAR (0,02-0,02-0,2): | 3.96 | |
Elder Ray (13): | -0.41 | |
Super Trend (3,10): | 4.50 | |
Zig ZAG (10): | 3.60 | |
VORTEX (21): | 0.7400 | |
Stochastique (14,3,5): | 11.99 | |
TEMA (21): | 3.67 | |
Williams %R (14): | -87.77 | |
Chande Momentum Oscillator (20): | -1.09 | |
Repulse (5,40,3): | -0.2300 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0600 | |
Courbe Coppock: | 37.42 |
MA7: | 3.78 | |
MA20: | 4.23 | |
MA50: | 3.96 | |
MA100: | 3.96 | |
MAexp7: | 3.77 | |
MAexp20: | 4.04 | |
MAexp50: | 4.05 | |
MAexp100: | 4.16 | |
Price / MA7: | -4.76% | |
Price / MA20: | -14.89% | |
Price / MA50: | -9.09% | |
Price / MA100: | -9.09% | |
Price / MAexp7: | -4.51% | |
Price / MAexp20: | -10.89% | |
Price / MAexp50: | -11.11% | |
Price / MAexp100: | -13.46% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on ARCHER AVIATION INC. CLASS A. At the time of publication of this analysis, the latest news 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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