GENERALI

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	G
ISIN:	IT0000062072

GENERALI - 1H - Technical analysis published on 10/25/2023 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 18.643 EUR

My targets

18.185 EUR (-1.06%)

18.025 EUR (-1.93%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 18.643 EUR remains possible. It is advisable to trade GENERALI ASS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 18.643 EUR. The next bearish objective for sellers is set at 18.185 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 18.025 EUR. In case of crossing, the next objective would be the support located at 17.656 EUR. PS: if there is a bullish break in the resistance located at 18.643 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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

0.9

Comment on the analysis

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:

Additional analysis

Quotes

The GENERALI ASS price is 18.380 EUR. On the day, this instrument lost -0.05% and was traded between 18.330 EUR and 18.425 EUR over the period. The price is currently at +0.27% from its lowest and -0.24% from its highest.

18.330

18.425

18.380

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GENERALI ASS in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

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 horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.656	18.025	18.185	18.380	18.393	18.643	19.000
Change (%)	-3.94%	-1.93%	-1.06%	-	+0.07%	+1.43%	+3.37%
Change	-0.724	-0.355	-0.195	-	+0.013	+0.263	+0.620
Level	Minor	Major	Minor	-	Intermediate	Major	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	17.955	18.070	18.230	18.345	18.505	18.620	18.780
Camarilla	18.314	18.340	18.365	18.390	18.415	18.440	18.466
Woodie	17.978	18.081	18.253	18.356	18.528	18.631	18.803
Fibonacci	18.070	18.175	18.240	18.345	18.450	18.515	18.620

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.357	17.168	17.657	18.468	18.957	19.768	20.257
Camarilla	17.788	17.907	18.026	18.145	18.264	18.383	18.503
Woodie	16.195	17.088	17.495	18.388	18.795	19.688	20.095
Fibonacci	17.168	17.665	17.972	18.468	18.965	19.272	19.768

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.280	17.975	18.670	19.365	20.060	20.755	21.450
Camarilla	18.983	19.110	19.238	19.365	19.492	19.620	19.747
Woodie	17.280	17.975	18.670	19.365	20.060	20.755	21.450
Fibonacci	17.975	18.506	18.834	19.365	19.896	20.224	20.755

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):	51.21
MACD (12,26,9):	-0.0140
Directional Movement:	6.145
AROON (14):	57.143
DEMA (21):	18.284
Parabolic SAR (0,02-0,02-0,2):	18.322
Elder Ray (13):	0.042
Super Trend (3,10):	18.476
Zig ZAG (10):	18.385
VORTEX (21):	1.1390
Stochastique (14,3,5):	78.16
TEMA (21):	18.386
Williams %R (14):	-25.46
Chande Momentum Oscillator (20):	0.085
Repulse (5,40,3):	0.5360
ROCnROLL:	-1
TRIX (15,9):	-0.0450
Courbe Coppock:	1.80

MA7:	18.554
MA20:	18.850
MA50:	19.038
MA100:	18.879
MAexp7:	18.368
MAexp20:	18.333
MAexp50:	18.481
MAexp100:	18.682
Price / MA7:	-0.94%
Price / MA20:	-2.49%
Price / MA50:	-3.46%
Price / MA100:	-2.64%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.26%
Price / MAexp50:	-0.55%
Price / MAexp100:	-1.62%

Quotes : - 15 min delayed data - Italy Stocks

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

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Londinia AI

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