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 09/24/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

17%

My opinion

Bullish above 2.0198 EUR

My targets

2.2338 EUR (+7.97%)

2.4209 EUR (+17.01%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SAIPEM as long as the price remains well above 2.0198 EUR. The buyers' bullish objective is set at 2.2338 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.4209 EUR. If there is any crossing, the next objective would be the resistance located at 3.7890 EUR.

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

4.1

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 rating is 2.0690 EUR. On the day, this instrument gained +1.72% and was between 2.0610 EUR and 2.0860 EUR. This implies that the price is at +0.39% from its lowest and at -0.81% from its highest.

2.0610

2.0860

2.0690

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SAIPEM chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by 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 is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.5384	1.7970	2.0198	2.0690	2.2338	2.4209	3.7890
Change (%)	-25.65%	-13.15%	-2.38%	-	+7.97%	+17.01%	+83.13%
Change	-0.5306	-0.2720	-0.0492	-	+0.1648	+0.3519	+1.7200
Level	Major	Major	Major	-	Minor	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9482	1.9713	2.0027	2.0258	2.0572	2.0803	2.1117
Camarilla	2.0190	2.0240	2.0290	2.0340	2.0390	2.0440	2.0490
Woodie	1.9523	1.9734	2.0068	2.0279	2.0613	2.0824	2.1158
Fibonacci	1.9713	1.9922	2.0050	2.0258	2.0467	2.0595	2.0803

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7602	1.8373	1.9307	2.0078	2.1012	2.1783	2.2717
Camarilla	1.9771	1.9927	2.0084	2.0240	2.0396	2.0553	2.0709
Woodie	1.7683	1.8414	1.9388	2.0119	2.1093	2.1824	2.2798
Fibonacci	1.8373	1.9025	1.9427	2.0078	2.0730	2.1132	2.1783

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.28
MACD (12,26,9):	-0.0034
Directional Movement:	5.4753
AROON (14):	50.0000
DEMA (21):	1.9636
Parabolic SAR (0,02-0,02-0,2):	1.8525
Elder Ray (13):	0.0835
Super Trend (3,10):	1.8841
Zig ZAG (10):	2.0760
VORTEX (21):	0.9201
Stochastique (14,3,5):	86.96
TEMA (21):	2.0086
Williams %R (14):	-2.02
Chande Momentum Oscillator (20):	0.2120
Repulse (5,40,3):	0.9300
ROCnROLL:	1
TRIX (15,9):	-0.2517
Courbe Coppock:	5.87

MA7:	2.0204
MA20:	1.9515
MA50:	2.0663
MA100:	2.1500
MAexp7:	2.0170
MAexp20:	1.9838
MAexp50:	2.0396
MAexp100:	2.0610
Price / MA7:	+2.41%
Price / MA20:	+6.02%
Price / MA50:	+0.13%
Price / MA100:	-3.77%
Price / MAexp7:	+2.58%
Price / MAexp20:	+4.29%
Price / MAexp50:	+1.44%
Price / MAexp100:	+0.39%

Quotes : - 15 min delayed data - Italy Stocks

News

The latest news and videos published on SAIPEM at the time of the analysis were 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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