ARCHER AVIATION INC. CLASS A - 1H - Technical analysis published on 08/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 3.88 USD
My targets
4.03 USD (+2.62%)
4.21 USD (+7.12%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ARCHER AVIATION INC. CLASS A. This is a positive signal for buyers. As long as the price remains above 3.88 USD, a purchase could be considered. The first bullish objective is located at 4.03 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.21 USD as an objective. Crossing it would then enable buyers to target 4.41 USD. In the event of a return below 3.88 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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 3.93 USD. The price has increased by +2.88% since the last closing and was traded between 3.82 USD and 3.96 USD over the period. The price is currently at +2.88% from its lowest and -0.76% from its highest.3.82
3.96
3.93
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this ARCHER AVIATION INC. CLASS A chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 3.44 | 3.65 | 3.88 | 3.93 | 4.21 | 4.41 | 4.84 |
Change (%) | -12.47% | -7.12% | -1.27% | - | +7.12% | +12.21% | +23.16% |
Change | -0.49 | -0.28 | -0.05 | - | +0.28 | +0.48 | +0.91 |
Level | Minor | Major | Intermediate | - | Intermediate | Minor | 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 | 3.71 | 3.76 | 3.85 | 3.90 | 3.99 | 4.04 | 4.13 |
Camarilla | 3.89 | 3.90 | 3.92 | 3.93 | 3.94 | 3.96 | 3.97 |
Woodie | 3.72 | 3.77 | 3.86 | 3.91 | 4.00 | 4.05 | 4.14 |
Fibonacci | 3.76 | 3.82 | 3.85 | 3.90 | 3.96 | 3.99 | 4.04 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.41 | 3.51 | 3.67 | 3.77 | 3.93 | 4.03 | 4.19 |
Camarilla | 3.75 | 3.77 | 3.80 | 3.82 | 3.84 | 3.87 | 3.89 |
Woodie | 3.43 | 3.53 | 3.69 | 3.79 | 3.95 | 4.05 | 4.21 |
Fibonacci | 3.51 | 3.61 | 3.67 | 3.77 | 3.87 | 3.93 | 4.03 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 64.89 | |
MACD (12,26,9): | 0.0500 | |
Directional Movement: | 23.01 | |
AROON (14): | 57.14 | |
DEMA (21): | 3.88 | |
Parabolic SAR (0,02-0,02-0,2): | 3.78 | |
Elder Ray (13): | 0.06 | |
Super Trend (3,10): | 3.71 | |
Zig ZAG (10): | 3.94 | |
VORTEX (21): | 1.0700 | |
Stochastique (14,3,5): | 80.10 | |
TEMA (21): | 3.91 | |
Williams %R (14): | -9.62 | |
Chande Momentum Oscillator (20): | 0.15 | |
Repulse (5,40,3): | 2.0300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1500 | |
Courbe Coppock: | 9.98 |
MA7: | 3.78 | |
MA20: | 3.83 | |
MA50: | 4.03 | |
MA100: | 3.88 | |
MAexp7: | 3.88 | |
MAexp20: | 3.82 | |
MAexp50: | 3.77 | |
MAexp100: | 3.81 | |
Price / MA7: | +3.97% | |
Price / MA20: | +2.61% | |
Price / MA50: | -2.48% | |
Price / MA100: | +1.29% | |
Price / MAexp7: | +1.29% | |
Price / MAexp20: | +2.88% | |
Price / MAexp50: | +4.24% | |
Price / MAexp100: | +3.15% |
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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