ARCHER AVIATION INC. CLASS A - Weekly - Technical analysis published on 08/14/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
50%
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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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 3.60 USD. The price registered a decrease of -6.25% over 5 days and has been traded over the last 5 days between 3.45 USD and 3.75 USD. This implies that the 5 day price is +4.35% from its lowest point and -4.00% from its highest point.3.45
3.75
3.60
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ARCHER AVIATION INC. CLASS A in Weekly shows an overall bearish trend. 78.57% 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
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): | 42.25 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -1.52 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 3.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.43 | |
| Elder Ray (13): | -0.41 | |
| Super Trend (3,10): | 2.87 | |
| Zig ZAG (10): | 3.56 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 30.04 | |
| TEMA (21): | 3.82 | |
| Williams %R (14): | -76.72 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | -12.8900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8400 | |
| Courbe Coppock: | 14.03 |
| MA7: | 3.78 | |
| MA20: | 4.23 | |
| MA50: | 3.96 | |
| MA100: | 3.96 | |
| MAexp7: | 3.97 | |
| MAexp20: | 4.10 | |
| MAexp50: | 4.34 | |
| MAexp100: | 4.40 | |
| Price / MA7: | -4.76% | |
| Price / MA20: | -14.89% | |
| Price / MA50: | -9.09% | |
| Price / MA100: | -9.09% | |
| Price / MAexp7: | -9.32% | |
| Price / MAexp20: | -12.20% | |
| Price / MAexp50: | -17.05% | |
| Price / MAexp100: | -18.18% |
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.
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