RALLYE - 1H - Technical analysis published on 04/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
RALLYE Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.0522 EUR
My targets
0.0550 EUR (+4.31%)
0.0649 EUR (+23.21%)
My analysis
A bullish trend on RALLYE both in substance and in the short term. A purchase could be considered as long as the price remains above 0.0522 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.0550 EUR. Then the price could move towards 0.0649 EUR. Then 0.0801 EUR by extension. Be careful, a return below 0.0522 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
6.8
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.
Additional analysis
Quotes
The RALLYE price is 0.0527 EUR. The price registered an increase of +6.68% on the session and was traded between 0.0477 EUR and 0.0540 EUR over the period. The price is currently at +10.48% from its lowest and -2.41% from its highest.0.0477
0.0540
0.0527
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.
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:
Technical
A technical analysis in 1H of this RALLYE chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
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
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.0152 | 0.0342 | 0.0522 | 0.0527 | 0.0801 | 0.1150 | 0.3025 |
| Change (%) | -71.16% | -35.10% | -0.95% | - | +51.99% | +118.22% | +474.00% |
| Change | -0.0375 | -0.0185 | -0.0005 | - | +0.0274 | +0.0623 | +0.2498 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0358 | 0.0423 | 0.0459 | 0.0524 | 0.0560 | 0.0625 | 0.0661 |
| Camarilla | 0.0466 | 0.0476 | 0.0485 | 0.0494 | 0.0503 | 0.0513 | 0.0522 |
| Woodie | 0.0343 | 0.0416 | 0.0444 | 0.0517 | 0.0545 | 0.0618 | 0.0646 |
| Fibonacci | 0.0423 | 0.0462 | 0.0486 | 0.0524 | 0.0563 | 0.0587 | 0.0625 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0153 | 0.0302 | 0.0401 | 0.0550 | 0.0649 | 0.0798 | 0.0897 |
| Camarilla | 0.0433 | 0.0456 | 0.0478 | 0.0501 | 0.0524 | 0.0547 | 0.0569 |
| Woodie | 0.0129 | 0.0290 | 0.0377 | 0.0538 | 0.0625 | 0.0786 | 0.0873 |
| Fibonacci | 0.0302 | 0.0396 | 0.0455 | 0.0550 | 0.0644 | 0.0703 | 0.0798 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0693 | -0.0271 | 0.0305 | 0.0727 | 0.1303 | 0.1725 | 0.2301 |
| Camarilla | 0.0606 | 0.0697 | 0.0789 | 0.0880 | 0.0972 | 0.1063 | 0.1155 |
| Woodie | -0.0617 | -0.0233 | 0.0381 | 0.0766 | 0.1379 | 0.1764 | 0.2377 |
| Fibonacci | -0.0271 | 0.0111 | 0.0346 | 0.0727 | 0.1109 | 0.1344 | 0.1725 |
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): | 53.56 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 18.7680 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 0.0513 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0594 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 0.0590 | |
| Zig ZAG (10): | 0.0527 | |
| VORTEX (21): | 0.9259 | |
| Stochastique (14,3,5): | 37.76 | |
| TEMA (21): | 0.0518 | |
| Williams %R (14): | -55.75 | |
| Chande Momentum Oscillator (20): | 0.0027 | |
| Repulse (5,40,3): | 3.4112 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0219 | |
| Courbe Coppock: | 4.60 |
| MA7: | 0.0507 | |
| MA20: | 0.0457 | |
| MA50: | 0.0683 | |
| MA100: | 0.1038 | |
| MAexp7: | 0.0516 | |
| MAexp20: | 0.0511 | |
| MAexp50: | 0.0511 | |
| MAexp100: | 0.0498 | |
| Price / MA7: | +3.94% | |
| Price / MA20: | +15.32% | |
| Price / MA50: | -22.84% | |
| Price / MA100: | -49.23% | |
| Price / MAexp7: | +2.13% | |
| Price / MAexp20: | +3.13% | |
| Price / MAexp50: | +3.13% | |
| Price / MAexp100: | +5.82% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on RALLYE. At the time of publication of this analysis, the latest news was as follows:
- RALLYE S.A.: Annual results 2023
- RALLYE S.A.: Restructuring of Casino Liquidation of holding companies
- RALLYE S.A.: Casino restructuring Winding-up of the holding companies
- RALLYE S.A.: Arrangements for making documents available at the Shareholders’ Meeting of 12 February 2024
- RALLYE S.A.: Appeal against the decision of the Sanctions Commission of the French Financial Market Authority
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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