SAIPEM - 1H - Technical analysis published on 09/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.8465 EUR
My targets
1.8983 EUR (+1.38%)
1.9494 EUR (+4.11%)
My analysis
The current short-term bullish acceleration on SAIPEM should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 1.8465 EUR. Short-term buyers will use the resistance located at 1.8983 EUR as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 1.9494 EUR. Crossing this resistance would then open the door for buyers to target 2.0195 EUR. Caution, if there is a return to under 1.8465 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SAIPEM rating 1.8725 EUR. On the day, this instrument gained +1.19% and was between 1.8360 EUR and 1.8770 EUR. This implies that the price is at +1.99% from its lowest and at -0.24% from its highest.1.8360
1.8770
1.8725
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SAIPEM chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 1.5384 | 1.8075 | 1.8465 | 1.8725 | 1.8983 | 1.9494 | 2.0195 |
| Change (%) | -17.84% | -3.47% | -1.39% | - | +1.38% | +4.11% | +7.85% |
| Change | -0.3341 | -0.0650 | -0.0260 | - | +0.0258 | +0.0769 | +0.1470 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Intermediate |
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 | 1.7830 | 1.8015 | 1.8260 | 1.8445 | 1.8690 | 1.8875 | 1.9120 |
| Camarilla | 1.8387 | 1.8426 | 1.8466 | 1.8505 | 1.8544 | 1.8584 | 1.8623 |
| Woodie | 1.7860 | 1.8030 | 1.8290 | 1.8460 | 1.8720 | 1.8890 | 1.9150 |
| Fibonacci | 1.8015 | 1.8179 | 1.8281 | 1.8445 | 1.8609 | 1.8711 | 1.8875 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6283 | 1.7407 | 1.8043 | 1.9167 | 1.9803 | 2.0927 | 2.1563 |
| Camarilla | 1.8196 | 1.8357 | 1.8519 | 1.8680 | 1.8841 | 1.9003 | 1.9164 |
| Woodie | 1.6040 | 1.7285 | 1.7800 | 1.9045 | 1.9560 | 2.0805 | 2.1320 |
| Fibonacci | 1.7407 | 1.8079 | 1.8494 | 1.9167 | 1.9839 | 2.0254 | 2.0927 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5165 | 1.6920 | 1.8610 | 2.0365 | 2.2055 | 2.3810 | 2.5500 |
| Camarilla | 1.9353 | 1.9668 | 1.9984 | 2.0300 | 2.0616 | 2.0932 | 2.1247 |
| Woodie | 1.5133 | 1.6904 | 1.8578 | 2.0349 | 2.2023 | 2.3794 | 2.5468 |
| Fibonacci | 1.6920 | 1.8236 | 1.9049 | 2.0365 | 2.1681 | 2.2494 | 2.3810 |
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): | 60.19 | |
| MACD (12,26,9): | 0.0034 | |
| Directional Movement: | 8.1758 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.8507 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8252 | |
| Elder Ray (13): | 0.0192 | |
| Super Trend (3,10): | 1.8282 | |
| Zig ZAG (10): | 1.8755 | |
| VORTEX (21): | 1.0348 | |
| Stochastique (14,3,5): | 96.46 | |
| TEMA (21): | 1.8628 | |
| Williams %R (14): | -3.51 | |
| Chande Momentum Oscillator (20): | 0.0140 | |
| Repulse (5,40,3): | 1.2835 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0121 | |
| Courbe Coppock: | 1.97 |
| MA7: | 1.8562 | |
| MA20: | 1.9644 | |
| MA50: | 2.1085 | |
| MA100: | 2.1611 | |
| MAexp7: | 1.8586 | |
| MAexp20: | 1.8492 | |
| MAexp50: | 1.8624 | |
| MAexp100: | 1.8988 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | -4.68% | |
| Price / MA50: | -11.19% | |
| Price / MA100: | -13.35% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | +1.26% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | -1.39% |
Quotes :
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15 min delayed data
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Italy Stocks
News
Don't forget to follow the news on SAIPEM. At the time of publication of this analysis, the latest news was as follows:
SaipemThis member declared not having a position on this financial instrument or a related financial instrument.
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