SAIPEM

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SPM
ISIN:	IT0005495657

SAIPEM - Daily - Technical analysis published on 07/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 1.4050 EUR

My targets

1.5306 EUR (+3.77%)

1.5537 EUR (+5.33%)

My analysis

The bullish trend is currently very strong on SAIPEM. As long as the price remains above the support at 1.4050 EUR, you could try to benefit from the boom. The first bullish objective is located at 1.5306 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.5537 EUR as an objective. Crossing it would then enable buyers to target 3.4267 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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.

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Additional analysis

Quotes

The SAIPEM price is 1.4750 EUR. The price registered an increase of +1.03% on the session and was traded between 1.4425 EUR and 1.4750 EUR over the period. The price is currently at +2.25% from its lowest and 0% from its highest.

1.4425

1.4750

Here is a more detailed summary of the historical variations registered by SAIPEM:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SAIPEM chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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 resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.1625	1.3160	1.4050	1.4750	1.5306	3.4267	7.2235
Change (%)	-21.19%	-10.78%	-4.75%	-	+3.77%	+132.32%	+389.73%
Change	-0.3125	-0.1590	-0.0700	-	+0.0556	+1.9517	+5.7485
Level	Intermediate	Major	Minor	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3518	1.3737	1.4168	1.4387	1.4818	1.5037	1.5468
Camarilla	1.4421	1.4481	1.4540	1.4600	1.4660	1.4719	1.4779
Woodie	1.3625	1.3790	1.4275	1.4440	1.4925	1.5090	1.5575
Fibonacci	1.3737	1.3985	1.4138	1.4387	1.4635	1.4788	1.5037

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.1543	1.2157	1.3378	1.3992	1.5213	1.5827	1.7048
Camarilla	1.4095	1.4264	1.4432	1.4600	1.4768	1.4936	1.5105
Woodie	1.1848	1.2309	1.3683	1.4144	1.5518	1.5979	1.7353
Fibonacci	1.2157	1.2858	1.3291	1.3992	1.4693	1.5126	1.5827

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9717	1.0563	1.1657	1.2503	1.3597	1.4443	1.5537
Camarilla	1.2217	1.2394	1.2572	1.2750	1.2928	1.3106	1.3284
Woodie	0.9840	1.0625	1.1780	1.2565	1.3720	1.4505	1.5660
Fibonacci	1.0563	1.1304	1.1762	1.2503	1.3244	1.3702	1.4443

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):	72.83
MACD (12,26,9):	0.0409
Directional Movement:	25.6165
AROON (14):	71.4286
DEMA (21):	1.3546
Parabolic SAR (0,02-0,02-0,2):	1.2295
Elder Ray (13):	0.1169
Super Trend (3,10):	1.3131
Zig ZAG (10):	1.4675
VORTEX (21):	1.1187
Stochastique (14,3,5):	96.42
TEMA (21):	1.4035
Williams %R (14):	-2.41
Chande Momentum Oscillator (20):	0.2485
Repulse (5,40,3):	7.3377
ROCnROLL:	1
TRIX (15,9):	0.1042
Courbe Coppock:	22.97

MA7:	1.3827
MA20:	1.2813
MA50:	1.2784
MA100:	1.3336
MAexp7:	1.3889
MAexp20:	1.3154
MAexp50:	1.2993
MAexp100:	1.2848
Price / MA7:	+6.68%
Price / MA20:	+15.12%
Price / MA50:	+15.38%
Price / MA100:	+10.60%
Price / MAexp7:	+6.20%
Price / MAexp20:	+12.13%
Price / MAexp50:	+13.52%
Price / MAexp100:	+14.80%

Quotes : - 15 min delayed data - Italy Stocks

News

The last news published on SAIPEM 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.

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Londinia AI

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