SAIPEM - 1H - Technical analysis published on 03/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 2.1837 EUR
My targets
2.3139 EUR (+2.57%)
3.4330 EUR (+52.17%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SAIPEM as long as the price remains well above 2.1837 EUR. The buyers' bullish objective is set at 2.3139 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.4330 EUR. If there is any crossing, the next objective would be the resistance located at 5.6759 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
7.3
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Additional analysis
Quotes
The SAIPEM price is 2.2560 EUR. On the day, this instrument gained +2.83% and was between 2.2200 EUR and 2.2660 EUR. This implies that the price is at +1.62% from its lowest and at -0.44% from its highest.2.2200
2.2660
2.2560
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SAIPEM in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.8857 | 1.9666 | 2.1336 | 2.2560 | 2.3139 | 3.4330 | 5.6759 |
| Change (%) | -16.41% | -12.83% | -5.43% | - | +2.57% | +52.17% | +151.59% |
| Change | -0.3703 | -0.2894 | -0.1224 | - | +0.0579 | +1.1770 | +3.4199 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.0963 | 2.1447 | 2.1693 | 2.2177 | 2.2423 | 2.2907 | 2.3153 |
| Camarilla | 2.1739 | 2.1806 | 2.1873 | 2.1940 | 2.2007 | 2.2074 | 2.2141 |
| Woodie | 2.0845 | 2.1388 | 2.1575 | 2.2118 | 2.2305 | 2.2848 | 2.3035 |
| Fibonacci | 2.1447 | 2.1726 | 2.1898 | 2.2177 | 2.2456 | 2.2628 | 2.2907 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8543 | 1.9337 | 1.9793 | 2.0587 | 2.1043 | 2.1837 | 2.2293 |
| Camarilla | 1.9906 | 2.0021 | 2.0135 | 2.0250 | 2.0365 | 2.0479 | 2.0594 |
| Woodie | 1.8375 | 1.9253 | 1.9625 | 2.0503 | 2.0875 | 2.1753 | 2.2125 |
| Fibonacci | 1.9337 | 1.9814 | 2.0109 | 2.0587 | 2.1064 | 2.1359 | 2.1837 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9410 | 1.0940 | 1.3875 | 1.5405 | 1.8340 | 1.9870 | 2.2805 |
| Camarilla | 1.5582 | 1.5991 | 1.6401 | 1.6810 | 1.7219 | 1.7629 | 1.8038 |
| Woodie | 1.0113 | 1.1291 | 1.4578 | 1.5756 | 1.9043 | 2.0221 | 2.3508 |
| Fibonacci | 1.0940 | 1.2646 | 1.3699 | 1.5405 | 1.7111 | 1.8164 | 1.9870 |
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): | 63.73 | |
| MACD (12,26,9): | 0.0238 | |
| Directional Movement: | 14.3132 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 2.2495 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.2690 | |
| Elder Ray (13): | 0.0230 | |
| Super Trend (3,10): | 2.1791 | |
| Zig ZAG (10): | 2.2480 | |
| VORTEX (21): | 1.1275 | |
| Stochastique (14,3,5): | 51.60 | |
| TEMA (21): | 2.2477 | |
| Williams %R (14): | -24.66 | |
| Chande Momentum Oscillator (20): | 0.0020 | |
| Repulse (5,40,3): | -0.3590 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2067 | |
| Courbe Coppock: | 0.37 |
| MA7: | 2.1487 | |
| MA20: | 2.0493 | |
| MA50: | 1.6578 | |
| MA100: | 1.5526 | |
| MAexp7: | 2.2305 | |
| MAexp20: | 2.2145 | |
| MAexp50: | 2.1668 | |
| MAexp100: | 2.1003 | |
| Price / MA7: | +4.99% | |
| Price / MA20: | +10.09% | |
| Price / MA50: | +36.08% | |
| Price / MA100: | +45.30% | |
| Price / MAexp7: | +1.14% | |
| Price / MAexp20: | +1.87% | |
| Price / MAexp50: | +4.12% | |
| Price / MAexp100: | +7.41% |
Quotes :
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15 min delayed data
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Italy Stocks
News
The last news published on SAIPEM at the time of the generation of this analysis was as follows:
SaipemThis member declared not having a position on this financial instrument or a related financial instrument.
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