ALFEN - 1H - Technical analysis published on 05/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 39.27 EUR
My targets
36.49 EUR (-3.92%)
35.03 EUR (-7.77%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 39.27 EUR remains possible. It is advisable to trade ALFEN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 39.27 EUR. The next bearish objective for sellers is set at 36.49 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 35.03 EUR. In case of crossing, the next objective would be the support located at 33.78 EUR. PS: if there is a bullish break in the resistance located at 39.27 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALFEN rating 37.98 EUR. The price registered an increase of +6.78% on the session and was traded between 35.05 EUR and 38.19 EUR over the period. The price is currently at +8.36% from its lowest and -0.55% from its highest.35.05
38.19
37.98
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of ALFEN indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 33.78 | 35.03 | 36.49 | 37.98 | 39.27 | 41.05 | 43.51 |
| Change (%) | -11.06% | -7.77% | -3.92% | - | +3.40% | +8.08% | +14.56% |
| Change | -4.20 | -2.95 | -1.49 | - | +1.29 | +3.07 | +5.53 |
| Level | Major | Minor | Minor | - | 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 | 30.88 | 32.27 | 33.92 | 35.31 | 36.96 | 38.35 | 40.00 |
| Camarilla | 34.73 | 35.01 | 35.29 | 35.57 | 35.85 | 36.13 | 36.41 |
| Woodie | 31.01 | 32.34 | 34.05 | 35.38 | 37.09 | 38.42 | 40.13 |
| Fibonacci | 32.27 | 33.43 | 34.15 | 35.31 | 36.47 | 37.19 | 38.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.73 | 36.99 | 38.99 | 41.25 | 43.25 | 45.51 | 47.51 |
| Camarilla | 39.82 | 40.21 | 40.60 | 40.99 | 41.38 | 41.77 | 42.16 |
| Woodie | 34.60 | 36.93 | 38.86 | 41.19 | 43.12 | 45.45 | 47.38 |
| Fibonacci | 36.99 | 38.62 | 39.62 | 41.25 | 42.88 | 43.88 | 45.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.44 | 24.72 | 32.74 | 41.02 | 49.04 | 57.32 | 65.34 |
| Camarilla | 36.28 | 37.77 | 39.27 | 40.76 | 42.25 | 43.75 | 45.24 |
| Woodie | 16.31 | 24.66 | 32.61 | 40.96 | 48.91 | 57.26 | 65.21 |
| Fibonacci | 24.72 | 30.95 | 34.79 | 41.02 | 47.25 | 51.09 | 57.32 |
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): | 44.86 | |
| MACD (12,26,9): | -0.8400 | |
| Directional Movement: | -9.71 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 36.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.40 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 38.53 | |
| Zig ZAG (10): | 37.59 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 75.85 | |
| TEMA (21): | 36.54 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 2.32 | |
| Repulse (5,40,3): | 3.5900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4200 | |
| Courbe Coppock: | 7.97 |
| MA7: | 40.37 | |
| MA20: | 39.34 | |
| MA50: | 42.36 | |
| MA100: | 48.09 | |
| MAexp7: | 37.44 | |
| MAexp20: | 37.84 | |
| MAexp50: | 39.18 | |
| MAexp100: | 39.69 | |
| Price / MA7: | -5.92% | |
| Price / MA20: | -3.46% | |
| Price / MA50: | -10.34% | |
| Price / MA100: | -21.02% | |
| Price / MAexp7: | +1.44% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | -3.06% | |
| Price / MAexp100: | -4.31% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
This member declared not having a position on this financial instrument or a related financial instrument.
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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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