SNAM

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SRG
ISIN:	IT0003153415

SNAM - 1H - Technical analysis published on 03/20/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

67%

33%

My opinion

Neutral between 4.333 EUR and 4.404 EUR

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 4.333 EUR. The first resistance is located at 4.404 EUR. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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 SNAM price is 4.380 EUR. The price has increased by +0.99% since the last closing and was between 4.343 EUR and 4.405 EUR. This implies that the price is at +0.85% from its lowest and at -0.57% from its highest.

4.343

4.405

4.380

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this 1H chart of SNAM indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.304	4.333	4.365	4.380	4.404	4.455	4.494
Change (%)	-1.74%	-1.07%	-0.34%	-	+0.55%	+1.71%	+2.60%
Change	-0.076	-0.047	-0.015	-	+0.024	+0.075	+0.114
Level	Major	Minor	Minor	-	Minor	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.243	4.267	4.302	4.326	4.361	4.385	4.420
Camarilla	4.321	4.326	4.332	4.337	4.342	4.348	4.353
Woodie	4.249	4.270	4.308	4.329	4.367	4.388	4.426
Fibonacci	4.267	4.290	4.304	4.326	4.349	4.363	4.385

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.103	4.233	4.297	4.427	4.491	4.621	4.685
Camarilla	4.309	4.326	4.344	4.362	4.380	4.398	4.415
Woodie	4.071	4.217	4.265	4.411	4.459	4.605	4.653
Fibonacci	4.233	4.307	4.353	4.427	4.501	4.547	4.621

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.940	4.108	4.214	4.382	4.488	4.656	4.762
Camarilla	4.246	4.271	4.296	4.321	4.346	4.371	4.396
Woodie	3.910	4.093	4.184	4.367	4.458	4.641	4.732
Fibonacci	4.108	4.212	4.277	4.382	4.486	4.551	4.656

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):	52.77
MACD (12,26,9):	-0.0080
Directional Movement:	4.995
AROON (14):	64.286
DEMA (21):	4.344
Parabolic SAR (0,02-0,02-0,2):	4.338
Elder Ray (13):	0.014
Super Trend (3,10):	4.292
Zig ZAG (10):	4.385
VORTEX (21):	1.0400
Stochastique (14,3,5):	73.39
TEMA (21):	4.361
Williams %R (14):	-21.05
Chande Momentum Oscillator (20):	0.076
Repulse (5,40,3):	0.4410
ROCnROLL:	-1
TRIX (15,9):	-0.0710
Courbe Coppock:	1.46

MA7:	4.410
MA20:	4.403
MA50:	4.464
MA100:	4.464
MAexp7:	4.370
MAexp20:	4.362
MAexp50:	4.394
MAexp100:	4.413
Price / MA7:	-0.68%
Price / MA20:	-0.52%
Price / MA50:	-1.88%
Price / MA100:	-1.88%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.41%
Price / MAexp50:	-0.32%
Price / MAexp100:	-0.75%

Quotes : - 15 min delayed data - Italy Stocks

News

The last news published on SNAM 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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