ARCHER AVIATION INC. CLASS A - Weekly - Technical analysis published on 08/27/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 4.34 USD
My targets
3.65 USD (-7.12%)
3.02 USD (-23.16%)
My analysis
There is a bearish trend on ARCHER AVIATION INC. CLASS A both at the basic level and in the short term. A sale could be considered, so long as the price remains below 4.34 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 3.65 USD. Then the price could move towards 3.02 USD. Then 1.63 USD by extension. Be careful, a return to above the resistance 4.34 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.2
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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 3.93 USD. Over 5 days, this instrument gained +8.56% and has been traded over the last 5 days between 3.70 USD and 3.96 USD. This implies that the 5 day price is +6.22% from its lowest point and -0.76% from its highest point.3.70
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
Technical analysis of ARCHER AVIATION INC. CLASS A in Weekly shows an overall bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Pivot points : price is over resistance 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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.63 | 3.02 | 3.65 | 3.93 | 4.84 | 7.24 |
| Change (%) | -58.52% | -23.16% | -7.12% | - | +23.16% | +84.22% |
| Change | -2.30 | -0.91 | -0.28 | - | +0.91 | +3.31 |
| Level | Minor | Major | Major | - | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.87 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -0.43 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 3.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.35 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 2.87 | |
| Zig ZAG (10): | 3.93 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 34.95 | |
| TEMA (21): | 3.85 | |
| Williams %R (14): | -62.35 | |
| Chande Momentum Oscillator (20): | 0.57 | |
| Repulse (5,40,3): | 3.5800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7500 | |
| Courbe Coppock: | 24.53 |
| MA7: | 3.78 | |
| MA20: | 3.83 | |
| MA50: | 4.03 | |
| MA100: | 3.88 | |
| MAexp7: | 3.97 | |
| MAexp20: | 4.08 | |
| MAexp50: | 4.32 | |
| MAexp100: | 4.38 | |
| Price / MA7: | +3.97% | |
| Price / MA20: | +2.61% | |
| Price / MA50: | -2.48% | |
| Price / MA100: | +1.29% | |
| Price / MAexp7: | -1.01% | |
| Price / MAexp20: | -3.68% | |
| Price / MAexp50: | -9.03% | |
| Price / MAexp100: | -10.27% |
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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