SNAM - 1H - Technical analysis published on 09/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Bearish under 4.584 EUR
My targets
4.500 EUR (-1.08%)
4.443 EUR (-2.33%)
My analysis
The strong short-term decline in SNAM calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 4.584 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 4.500 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.443 EUR as an objective. Crossing it would then enable sellers to target 4.352 EUR. Be careful, a return to above 4.584 EUR could jeopardize the reversal.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SNAM rating is 4.549 EUR. On the day, this instrument lost -0.55% and was between 4.540 EUR and 4.595 EUR. This implies that the price is at +0.20% from its lowest and at -1.00% from its highest.4.540
4.595
4.549
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:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SNAM chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.443 | 4.500 | 4.536 | 4.549 | 4.584 | 4.605 | 4.884 |
| Change (%) | -2.33% | -1.08% | -0.29% | - | +0.77% | +1.23% | +7.36% |
| Change | -0.106 | -0.049 | -0.013 | - | +0.035 | +0.056 | +0.335 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Major |
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 | 4.479 | 4.507 | 4.541 | 4.569 | 4.603 | 4.631 | 4.665 |
| Camarilla | 4.557 | 4.563 | 4.568 | 4.574 | 4.580 | 4.585 | 4.591 |
| Woodie | 4.481 | 4.509 | 4.543 | 4.571 | 4.605 | 4.633 | 4.667 |
| Fibonacci | 4.507 | 4.531 | 4.546 | 4.569 | 4.593 | 4.608 | 4.631 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.328 | 4.385 | 4.469 | 4.526 | 4.610 | 4.667 | 4.751 |
| Camarilla | 4.514 | 4.527 | 4.540 | 4.553 | 4.566 | 4.579 | 4.592 |
| Woodie | 4.342 | 4.392 | 4.483 | 4.533 | 4.624 | 4.674 | 4.765 |
| Fibonacci | 4.385 | 4.439 | 4.472 | 4.526 | 4.580 | 4.613 | 4.667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.056 | 4.146 | 4.315 | 4.405 | 4.574 | 4.664 | 4.833 |
| Camarilla | 4.412 | 4.436 | 4.459 | 4.483 | 4.507 | 4.531 | 4.554 |
| Woodie | 4.095 | 4.166 | 4.354 | 4.425 | 4.613 | 4.684 | 4.872 |
| Fibonacci | 4.146 | 4.245 | 4.306 | 4.405 | 4.504 | 4.565 | 4.664 |
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): | 44.24 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -19.137 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 4.567 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.592 | |
| Elder Ray (13): | -0.011 | |
| Super Trend (3,10): | 4.538 | |
| Zig ZAG (10): | 4.552 | |
| VORTEX (21): | 0.9290 | |
| Stochastique (14,3,5): | 24.73 | |
| TEMA (21): | 4.556 | |
| Williams %R (14): | -74.19 | |
| Chande Momentum Oscillator (20): | 0.008 | |
| Repulse (5,40,3): | -0.3770 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0080 | |
| Courbe Coppock: | 0.79 |
| MA7: | 4.558 | |
| MA20: | 4.471 | |
| MA50: | 4.389 | |
| MA100: | 4.291 | |
| MAexp7: | 4.559 | |
| MAexp20: | 4.568 | |
| MAexp50: | 4.555 | |
| MAexp100: | 4.522 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +1.74% | |
| Price / MA50: | +3.65% | |
| Price / MA100: | +6.01% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | +0.60% |
Quotes :
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15 min delayed data
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Italy Stocks
SNAMThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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