PRYSMIAN - 1H - Technical analysis published on 06/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 35.70 EUR
My targets
34.84 EUR (-1.69%)
34.42 EUR (-2.88%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on PRYSMIAN. As long as you are under the resistance located at 35.70 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 34.84 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 34.42 EUR as an objective. Crossing it would then enable sellers to target 32.00 EUR. If the resistance 35.70 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PRYSMIAN rating is 35.44 EUR. The price has increased by +1.46% since the last closing with the lowest point at 35.01 EUR and the highest point at 35.50 EUR. The deviation from the price is +1.23% for the low point and -0.17% for the high point.35.01
35.50
35.44
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of PRYSMIAN indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 34.42 | 34.84 | 35.42 | 35.44 | 35.70 | 36.74 | 37.61 |
| Change (%) | -2.88% | -1.69% | -0.06% | - | +0.73% | +3.67% | +6.12% |
| Change | -1.02 | -0.60 | -0.02 | - | +0.26 | +1.30 | +2.17 |
| Level | Major | Minor | Major | - | Minor | 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 | 33.84 | 34.16 | 34.54 | 34.86 | 35.24 | 35.56 | 35.94 |
| Camarilla | 34.74 | 34.80 | 34.87 | 34.93 | 34.99 | 35.06 | 35.12 |
| Woodie | 33.88 | 34.18 | 34.58 | 34.88 | 35.28 | 35.58 | 35.98 |
| Fibonacci | 34.16 | 34.42 | 34.59 | 34.86 | 35.12 | 35.29 | 35.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.00 | 33.41 | 34.25 | 35.66 | 36.50 | 37.91 | 38.75 |
| Camarilla | 34.46 | 34.67 | 34.87 | 35.08 | 35.29 | 35.49 | 35.70 |
| Woodie | 31.71 | 33.27 | 33.96 | 35.52 | 36.21 | 37.77 | 38.46 |
| Fibonacci | 33.41 | 34.27 | 34.80 | 35.66 | 36.52 | 37.05 | 37.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.98 | 32.24 | 33.46 | 35.72 | 36.94 | 39.20 | 40.42 |
| Camarilla | 33.71 | 34.03 | 34.35 | 34.67 | 34.99 | 35.31 | 35.63 |
| Woodie | 29.45 | 31.98 | 32.93 | 35.46 | 36.41 | 38.94 | 39.89 |
| Fibonacci | 32.24 | 33.57 | 34.39 | 35.72 | 37.05 | 37.87 | 39.20 |
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): | 53.62 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -1.91 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 35.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.57 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 35.53 | |
| Zig ZAG (10): | 35.44 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 92.56 | |
| TEMA (21): | 35.15 | |
| Williams %R (14): | -5.83 | |
| Chande Momentum Oscillator (20): | 0.77 | |
| Repulse (5,40,3): | 0.7600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 0.68 |
| MA7: | 35.77 | |
| MA20: | 36.08 | |
| MA50: | 36.22 | |
| MA100: | 36.68 | |
| MAexp7: | 35.26 | |
| MAexp20: | 35.24 | |
| MAexp50: | 35.64 | |
| MAexp100: | 35.95 | |
| Price / MA7: | -0.92% | |
| Price / MA20: | -1.77% | |
| Price / MA50: | -2.15% | |
| Price / MA100: | -3.38% | |
| Price / MAexp7: | +0.51% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -1.42% |
Quotes :
-
15 min delayed data
-
Italy Stocks
News
Don't forget to follow the news on PRYSMIAN. At the time of publication of this analysis, the latest news was as follows:
- Prysmian Group Joins White House to Celebrate $40 Billion to Connect Americans with Affordable, Reliable, High-Speed Internet
- Harju Elekter Group signed a lease agreement with Prysmian Group Baltics AS
- Prysmian Group Launches New North American Parental Policy, Supports Families
- AVANGRID, Prysmian Group Come Together to Bring First Offshore Wind Manufacturing Facility to Massachusetts
- Prysmian Group accelerates in Race to net zero CO2 emission
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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