INTESA SANPAOLO - 1H - Technical analysis published on 08/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 3.5357 EUR
My targets
3.6400 EUR (+1.83%)
3.7975 EUR (+6.24%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on INTESA SANPAOLO as long as the price remains well above 3.5357 EUR. The buyers' bullish objective is set at 3.6400 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.7975 EUR.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INTESA SANPAOLO rating 3.5745 EUR. The price has increased by +2.45% since the last closing and was traded between 3.5585 EUR and 3.5970 EUR over the period. The price is currently at +0.45% from its lowest and -0.63% from its highest.3.5585
3.5970
3.5745
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 INTESA SANPAOLO in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.3285 | 3.3875 | 3.5357 | 3.5745 | 3.6400 | 3.7975 |
| Change (%) | -6.88% | -5.23% | -1.09% | - | +1.83% | +6.24% |
| Change | -0.2460 | -0.1870 | -0.0388 | - | +0.0655 | +0.2230 |
| Level | Major | Minor | Intermediate | - | Major | Major |
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 | 3.4520 | 3.4630 | 3.4760 | 3.4870 | 3.5000 | 3.5110 | 3.5240 |
| Camarilla | 3.4824 | 3.4846 | 3.4868 | 3.4890 | 3.4912 | 3.4934 | 3.4956 |
| Woodie | 3.4530 | 3.4635 | 3.4770 | 3.4875 | 3.5010 | 3.5115 | 3.5250 |
| Fibonacci | 3.4630 | 3.4722 | 3.4778 | 3.4870 | 3.4962 | 3.5018 | 3.5110 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8927 | 3.0223 | 3.2372 | 3.3668 | 3.5817 | 3.7113 | 3.9262 |
| Camarilla | 3.3573 | 3.3888 | 3.4204 | 3.4520 | 3.4836 | 3.5152 | 3.5467 |
| Woodie | 2.9353 | 3.0436 | 3.2798 | 3.3881 | 3.6243 | 3.7326 | 3.9688 |
| Fibonacci | 3.0223 | 3.1539 | 3.2352 | 3.3668 | 3.4984 | 3.5797 | 3.7113 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.2455 | 3.3805 | 3.5655 | 3.7005 | 3.8855 | 4.0205 | 4.2055 |
| Camarilla | 3.6625 | 3.6918 | 3.7212 | 3.7505 | 3.7798 | 3.8092 | 3.8385 |
| Woodie | 3.2705 | 3.3930 | 3.5905 | 3.7130 | 3.9105 | 4.0330 | 4.2305 |
| Fibonacci | 3.3805 | 3.5027 | 3.5783 | 3.7005 | 3.8227 | 3.8983 | 4.0205 |
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): | 67.28 | |
| MACD (12,26,9): | 0.0291 | |
| Directional Movement: | 23.3188 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 3.5605 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.5229 | |
| Elder Ray (13): | 0.0302 | |
| Super Trend (3,10): | 3.5225 | |
| Zig ZAG (10): | 3.5710 | |
| VORTEX (21): | 1.0248 | |
| Stochastique (14,3,5): | 83.72 | |
| TEMA (21): | 3.5792 | |
| Williams %R (14): | -21.46 | |
| Chande Momentum Oscillator (20): | 0.0830 | |
| Repulse (5,40,3): | -0.1963 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0829 | |
| Courbe Coppock: | 5.11 |
| MA7: | 3.4784 | |
| MA20: | 3.5807 | |
| MA50: | 3.5496 | |
| MA100: | 3.4727 | |
| MAexp7: | 3.5640 | |
| MAexp20: | 3.5262 | |
| MAexp50: | 3.4987 | |
| MAexp100: | 3.5115 | |
| Price / MA7: | +2.76% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | +0.70% | |
| Price / MA100: | +2.93% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +1.37% | |
| Price / MAexp50: | +2.17% | |
| Price / MAexp100: | +1.79% |
Quotes :
-
15 min delayed data
-
Italy Stocks
News
The last news published on INTESA SANPAOLO at the time of the generation of this analysis was as follows:
- REYL Intesa Sanpaolo receives regulatory approval for its governance transition as of July 1st, 2024. François REYL to join the Board of Directors and Pasha Bakhtiar to become CEO
- REYL Intesa Sanpaolo receives regulatory approval for its governance transition as of July 1st, 2024. François REYL to join the Board of Directors and Pasha Bakhtiar to become CEO
- REYL Intesa Sanpaolo shines a spotlight on renewables
- REYL Intesa Sanpaolo shines a spotlight on renewables
- Montran provides Multi-Currency Virtual Account Management Platform to Intesa Sanpaolo
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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