SUBSTRATE AI
SUBSTRATE AI
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: SAI
ISIN: ES0105650008

SUBSTRATE AI - 1H - Technical analysis published on 07/18/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.298 EUR
My targets
0.307 EUR (+1.66%)
0.316 EUR (+4.64%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SUBSTRATE AI as long as the price remains well above 0.298 EUR. The buyers' bullish objective is set at 0.307 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.316 EUR. If there is any crossing, the next objective would be the resistance located at 0.327 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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
7.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

SUBSTRATE AI rating 0.302 EUR. The price registered an increase of +5.23% on the session and was between 0.288 EUR and 0.305 EUR. This implies that the price is at +4.86% from its lowest and at -0.98% from its highest.

0.288
0.305
0.302

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by SUBSTRATE AI:

Technical


A technical analysis in 1H of this SUBSTRATE AI chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.280 0.285 0.298 0.302 0.307 0.316 0.327
Change (%) -7.28% -5.63% -1.32% - +1.66% +4.64% +8.28%
Change -0.022 -0.017 -0.004 - +0.005 +0.014 +0.025
Level Major Minor Minor - Minor Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2740.2800.2830.2890.2920.2980.301
Camarilla0.2850.2850.2860.2870.2880.2890.290
Woodie0.2740.2790.2830.2880.2920.2970.301
Fibonacci0.2800.2830.2850.2890.2920.2940.298


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2290.2520.2710.2940.3130.3360.355
Camarilla0.2800.2830.2870.2910.2950.2990.303
Woodie0.2280.2510.2700.2930.3120.3350.354
Fibonacci0.2520.2680.2780.2940.3100.3200.336


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1930.2330.2610.3010.3290.3690.397
Camarilla0.2690.2760.2820.2880.2940.3010.307
Woodie0.1860.2300.2540.2980.3220.3660.390
Fibonacci0.2330.2590.2750.3010.3270.3430.369

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): 54.84
MACD (12,26,9): 0.0000
Directional Movement: 14.715
AROON (14): 71.429
DEMA (21): 0.292
Parabolic SAR (0,02-0,02-0,2): 0.282
Elder Ray (13): 0.009
Super Trend (3,10): 0.305
Zig ZAG (10): 0.298
VORTEX (21): 0.9230
Stochastique (14,3,5): 69.34
TEMA (21): 0.292
Williams %R (14): -30.44
Chande Momentum Oscillator (20): 0.013
Repulse (5,40,3): 2.5460
ROCnROLL: 1
TRIX (15,9): -0.0210
Courbe Coppock: 0.73
MA7: 0.292
MA20: 0.288
MA50: 0.311
MA100: 0.332
MAexp7: 0.293
MAexp20: 0.292
MAexp50: 0.291
MAexp100: 0.290
Price / MA7: +3.42%
Price / MA20: +4.86%
Price / MA50: -2.89%
Price / MA100: -9.04%
Price / MAexp7: +3.07%
Price / MAexp20: +3.42%
Price / MAexp50: +3.78%
Price / MAexp100: +4.14%

Quotes : - 15 min delayed data - Spain Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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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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