SAIPEM

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SPM
ISIN:	IT0005495657

SAIPEM - 1H - Technical analysis published on 06/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 2.1129 EUR

My targets

2.0250 EUR (-1.03%)

1.8907 EUR (-7.59%)

My analysis

SAIPEM is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.1129 EUR. The next support located at 2.0250 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.8907 EUR. Below this support, sellers could then target 1.5384 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.9

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 SAIPEM price is 2.0460 EUR. On the day, this instrument gained +0.79% with the lowest point at 2.0200 EUR and the highest point at 2.0680 EUR. The deviation from the price is +1.29% for the low point and -1.06% for the high point.

2.0200

2.0680

2.0460

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 SAIPEM in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3702	1.5384	2.0250	2.0460	2.1129	2.2361	2.3507
Change (%)	-33.03%	-24.81%	-1.03%	-	+3.27%	+9.29%	+14.89%
Change	-0.6758	-0.5076	-0.0210	-	+0.0669	+0.1901	+0.3047
Level	Major	Major	Intermediate	-	Intermediate	Intermediate	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	1.9003	1.9567	1.9933	2.0497	2.0863	2.1427	2.1793
Camarilla	2.0044	2.0130	2.0215	2.0300	2.0385	2.0471	2.0556
Woodie	1.8905	1.9518	1.9835	2.0448	2.0765	2.1378	2.1695
Fibonacci	1.9567	1.9922	2.0141	2.0497	2.0852	2.1071	2.1427

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.8907	2.0083	2.0897	2.2073	2.2887	2.4063	2.4877
Camarilla	2.1163	2.1345	2.1528	2.1710	2.1892	2.2075	2.2257
Woodie	1.8725	1.9993	2.0715	2.1983	2.2705	2.3973	2.4695
Fibonacci	2.0083	2.0844	2.1313	2.2073	2.2834	2.3303	2.4063

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7877	1.9373	2.1117	2.2613	2.4357	2.5853	2.7597
Camarilla	2.1969	2.2266	2.2563	2.2860	2.3157	2.3454	2.3751
Woodie	1.8000	1.9435	2.1240	2.2675	2.4480	2.5915	2.7720
Fibonacci	1.9373	2.0611	2.1376	2.2613	2.3851	2.4616	2.5853

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):	42.47
MACD (12,26,9):	-0.0177
Directional Movement:	-7.1764
AROON (14):	-64.2857
DEMA (21):	2.0355
Parabolic SAR (0,02-0,02-0,2):	2.1052
Elder Ray (13):	0.0026
Super Trend (3,10):	2.0898
Zig ZAG (10):	2.0520
VORTEX (21):	1.0755
Stochastique (14,3,5):	35.91
TEMA (21):	2.0361
Williams %R (14):	-56.70
Chande Momentum Oscillator (20):	-0.0090
Repulse (5,40,3):	0.5258
ROCnROLL:	-1
TRIX (15,9):	-0.1355
Courbe Coppock:	3.94

MA7:	2.1044
MA20:	2.2256
MA50:	2.2275
MA100:	1.9678
MAexp7:	2.0469
MAexp20:	2.0600
MAexp50:	2.0972
MAexp100:	2.1440
Price / MA7:	-2.78%
Price / MA20:	-8.07%
Price / MA50:	-8.15%
Price / MA100:	+3.97%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.68%
Price / MAexp50:	-2.44%
Price / MAexp100:	-4.57%

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.

About author

Londinia AI

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