PIRELLI & C - Daily - Technical analysis published on 10/17/2019 (GMT)
- 215
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 5.372 EUR
My targets
5.804 EUR (+1.93%)
6.105 EUR (+7.22%)
My analysis
The basic bullish trend is very strong on PIRELLI & C but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 5.372 EUR. Crossing the first resistance at 5.804 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 6.105 EUR as an objective. Crossing it would then enable buyers to target 6.406 EUR. Caution, a return to below 5.372 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.6
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PIRELLI & C rating 5.694 EUR. The price registered an increase of +1.35% on the session with the lowest point at 5.582 EUR and the highest point at 5.698 EUR. The deviation from the price is +2.01% for the low point and -0.07% for the high point.5.582
5.698
5.694
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PIRELLI & C in Daily shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
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 : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.673 | 5.106 | 5.372 | 5.694 | 5.804 | 6.105 | 6.406 |
| Change (%) | -17.93% | -10.33% | -5.66% | - | +1.93% | +7.22% | +12.50% |
| Change | -1.021 | -0.588 | -0.322 | - | +0.110 | +0.411 | +0.712 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
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 | 5.252 | 5.304 | 5.366 | 5.418 | 5.480 | 5.532 | 5.594 |
| Camarilla | 5.397 | 5.407 | 5.418 | 5.428 | 5.438 | 5.449 | 5.459 |
| Woodie | 5.257 | 5.307 | 5.371 | 5.421 | 5.485 | 5.535 | 5.599 |
| Fibonacci | 5.304 | 5.348 | 5.375 | 5.418 | 5.462 | 5.489 | 5.532 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.363 | 4.697 | 4.907 | 5.241 | 5.451 | 5.785 | 5.995 |
| Camarilla | 4.968 | 5.018 | 5.068 | 5.118 | 5.168 | 5.218 | 5.268 |
| Woodie | 4.302 | 4.666 | 4.846 | 5.210 | 5.390 | 5.754 | 5.934 |
| Fibonacci | 4.697 | 4.905 | 5.033 | 5.241 | 5.449 | 5.577 | 5.785 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.716 | 4.181 | 4.805 | 5.270 | 5.894 | 6.359 | 6.983 |
| Camarilla | 5.129 | 5.228 | 5.328 | 5.428 | 5.528 | 5.628 | 5.728 |
| Woodie | 3.795 | 4.221 | 4.884 | 5.310 | 5.973 | 6.399 | 7.062 |
| Fibonacci | 4.181 | 4.597 | 4.854 | 5.270 | 5.686 | 5.943 | 6.359 |
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): | 62.49 | |
| MACD (12,26,9): | 0.0390 | |
| Directional Movement: | 11.830 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 5.388 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.028 | |
| Elder Ray (13): | 0.201 | |
| Super Trend (3,10): | 5.059 | |
| Zig ZAG (10): | 5.618 | |
| VORTEX (21): | 0.9480 | |
| Stochastique (14,3,5): | 80.74 | |
| TEMA (21): | 5.374 | |
| Williams %R (14): | -0.31 | |
| Chande Momentum Oscillator (20): | 0.078 | |
| Repulse (5,40,3): | 6.2620 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1050 | |
| Courbe Coppock: | 6.35 |
| MA7: | 5.292 | |
| MA20: | 5.384 | |
| MA50: | 5.108 | |
| MA100: | 5.218 | |
| MAexp7: | 5.383 | |
| MAexp20: | 5.331 | |
| MAexp50: | 5.270 | |
| MAexp100: | 5.330 | |
| Price / MA7: | +7.60% | |
| Price / MA20: | +5.76% | |
| Price / MA50: | +11.47% | |
| Price / MA100: | +9.12% | |
| Price / MAexp7: | +5.78% | |
| Price / MAexp20: | +6.81% | |
| Price / MAexp50: | +8.05% | |
| Price / MAexp100: | +6.83% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis PIRELLI & C - Daily