IVECO GROUP - 1H - Technical analysis published on 06/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 7.142 EUR
My targets
7.629 EUR (+3.63%)
7.968 EUR (+8.23%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on IVECO GROUP as long as the price remains well above 7.142 EUR. The buyers' bullish objective is set at 7.629 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.968 EUR. If there is any crossing, the next objective would be the resistance located at 8.274 EUR.
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
5.7
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Additional analysis
Quotes
The IVECO GROUP rating is 7.362 EUR. On the day, this instrument gained +4.25% and was between 7.126 EUR and 7.362 EUR. This implies that the price is at +3.31% from its lowest and at 0% from its highest.7.126
7.362
7.362
Here is a more detailed summary of the historical variations registered by IVECO GROUP:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IVECO GROUP indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly 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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.502 | 6.916 | 7.142 | 7.362 | 7.629 | 7.968 | 8.274 |
| Change (%) | -11.68% | -6.06% | -2.99% | - | +3.63% | +8.23% | +12.39% |
| Change | -0.860 | -0.446 | -0.220 | - | +0.267 | +0.606 | +0.912 |
| Level | Intermediate | Minor | Major | - | Major | Minor | 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 | 6.796 | 6.890 | 6.976 | 7.070 | 7.156 | 7.250 | 7.336 |
| Camarilla | 7.013 | 7.029 | 7.046 | 7.062 | 7.079 | 7.095 | 7.112 |
| Woodie | 6.792 | 6.888 | 6.972 | 7.068 | 7.152 | 7.248 | 7.332 |
| Fibonacci | 6.890 | 6.959 | 7.001 | 7.070 | 7.139 | 7.181 | 7.250 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.439 | 6.747 | 7.013 | 7.321 | 7.587 | 7.895 | 8.161 |
| Camarilla | 7.122 | 7.175 | 7.227 | 7.280 | 7.333 | 7.385 | 7.438 |
| Woodie | 6.419 | 6.737 | 6.993 | 7.311 | 7.567 | 7.885 | 8.141 |
| Fibonacci | 6.747 | 6.966 | 7.101 | 7.321 | 7.540 | 7.675 | 7.895 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.152 | 6.034 | 6.510 | 7.392 | 7.868 | 8.750 | 9.226 |
| Camarilla | 6.613 | 6.737 | 6.862 | 6.986 | 7.111 | 7.235 | 7.360 |
| Woodie | 4.949 | 5.933 | 6.307 | 7.291 | 7.665 | 8.649 | 9.023 |
| Fibonacci | 6.034 | 6.553 | 6.873 | 7.392 | 7.911 | 8.231 | 8.750 |
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): | 68.74 | |
| MACD (12,26,9): | 0.0460 | |
| Directional Movement: | 18.879 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 7.225 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.162 | |
| Elder Ray (13): | 0.115 | |
| Super Trend (3,10): | 7.161 | |
| Zig ZAG (10): | 7.342 | |
| VORTEX (21): | 1.0610 | |
| Stochastique (14,3,5): | 97.28 | |
| TEMA (21): | 7.290 | |
| Williams %R (14): | -2.19 | |
| Chande Momentum Oscillator (20): | 0.246 | |
| Repulse (5,40,3): | 1.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 5.60 |
| MA7: | 7.171 | |
| MA20: | 7.423 | |
| MA50: | 7.957 | |
| MA100: | 8.089 | |
| MAexp7: | 7.266 | |
| MAexp20: | 7.183 | |
| MAexp50: | 7.185 | |
| MAexp100: | 7.271 | |
| Price / MA7: | +2.66% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | -7.48% | |
| Price / MA100: | -8.99% | |
| Price / MAexp7: | +1.32% | |
| Price / MAexp20: | +2.49% | |
| Price / MAexp50: | +2.46% | |
| Price / MAexp100: | +1.25% |
Quotes :
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15 min delayed data
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Italy Stocks
News
The latest news and videos published on IVECO GROUP at the time of the analysis were as follows:
- Iveco Group and Nikola Corporation enter a new partnership phase; Iveco Group to assume ownership of JV
- Iveco Group inaugurates its new plant in Foggia and returns to producing buses in Italy
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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