ALPHA TECHNOLOGY GROUP - 1H - Technical analysis published on 12/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 15.21 USD
My targets
16.35 USD (+4.67%)
17.33 USD (+10.95%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ALPHA TECHNOLOGY GROUP as long as the price remains well above 15.21 USD. The buyers' bullish objective is set at 16.35 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 17.33 USD. If there is any crossing, the next objective would be the resistance located at 19.60 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.3
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This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALPHA TECHNOLOGY GROUP rating 15.62 USD. The price has increased by +13.93% since the last closing and was traded between 14.15 USD and 19.60 USD over the period. The price is currently at +10.39% from its lowest and -20.31% from its highest.14.15
19.60
15.62
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
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 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ALPHA TECHNOLOGY GROUP indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.77 | 12.66 | 14.04 | 15.62 | 16.35 | 17.33 | 19.60 |
| Change (%) | -31.05% | -18.95% | -10.12% | - | +4.67% | +10.95% | +25.48% |
| Change | -4.85 | -2.96 | -1.58 | - | +0.73 | +1.71 | +3.98 |
| Level | Major | Major | Minor | - | 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 | 7.86 | 11.01 | 13.31 | 16.46 | 18.76 | 21.91 | 24.21 |
| Camarilla | 14.12 | 14.62 | 15.12 | 15.62 | 16.12 | 16.62 | 17.12 |
| Woodie | 7.45 | 10.80 | 12.90 | 16.25 | 18.35 | 21.70 | 23.80 |
| Fibonacci | 11.01 | 13.09 | 14.38 | 16.46 | 18.54 | 19.83 | 21.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.61 | 6.01 | 10.81 | 15.21 | 20.01 | 24.41 | 29.21 |
| Camarilla | 13.09 | 13.93 | 14.78 | 15.62 | 16.46 | 17.31 | 18.15 |
| Woodie | 1.82 | 6.11 | 11.02 | 15.31 | 20.22 | 24.51 | 29.42 |
| Fibonacci | 6.01 | 9.52 | 11.69 | 15.21 | 18.72 | 20.89 | 24.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.16 | 3.82 | 9.83 | 13.81 | 19.82 | 23.80 | 29.81 |
| Camarilla | 13.09 | 14.01 | 14.92 | 15.84 | 16.76 | 17.67 | 18.59 |
| Woodie | 0.86 | 4.33 | 10.85 | 14.32 | 20.84 | 24.31 | 30.83 |
| Fibonacci | 3.82 | 7.64 | 9.99 | 13.81 | 17.63 | 19.98 | 23.80 |
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): | 61.32 | |
| MACD (12,26,9): | 1.1300 | |
| Directional Movement: | 32.72 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 15.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.39 | |
| Elder Ray (13): | 1.34 | |
| Super Trend (3,10): | 13.04 | |
| Zig ZAG (10): | 15.62 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 57.78 | |
| TEMA (21): | 16.52 | |
| Williams %R (14): | -47.21 | |
| Chande Momentum Oscillator (20): | 4.09 | |
| Repulse (5,40,3): | -11.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8800 | |
| Courbe Coppock: | 80.07 |
| MA7: | 12.74 | |
| MA20: | 13.25 | |
| MA50: | 10.14 | |
| MA100: | 6.42 | |
| MAexp7: | 15.67 | |
| MAexp20: | 14.20 | |
| MAexp50: | 13.36 | |
| MAexp100: | 12.98 | |
| Price / MA7: | +22.61% | |
| Price / MA20: | +17.89% | |
| Price / MA50: | +54.04% | |
| Price / MA100: | +143.30% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | +10.00% | |
| Price / MAexp50: | +16.92% | |
| Price / MAexp100: | +20.34% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on ALPHA TECHNOLOGY GROUP at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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