AXA - 1H - Technical analysis published on 07/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 31.63 EUR
My targets
32.64 EUR (+1.43%)
32.87 EUR (+2.14%)
My analysis
AXA is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 31.63 EUR. The next resistance located at 32.64 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 32.87 EUR. After this resistance, buyers could then target 33.91 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AXA rating is 32.18 EUR. The price is lower by -0.22% since the last closing and was between 31.85 EUR and 32.22 EUR. This implies that the price is at +1.04% from its lowest and at -0.12% from its highest.31.85
32.22
32.18
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AXA:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AXA chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
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 | 30.39 | 31.16 | 31.63 | 32.18 | 32.64 | 32.87 | 33.91 |
Change (%) | -5.56% | -3.17% | -1.71% | - | +1.43% | +2.14% | +5.38% |
Change | -1.79 | -1.02 | -0.55 | - | +0.46 | +0.69 | +1.73 |
Level | Intermediate | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 31.58 | 31.77 | 32.01 | 32.20 | 32.44 | 32.63 | 32.87 |
Camarilla | 32.13 | 32.17 | 32.21 | 32.25 | 32.29 | 32.33 | 32.37 |
Woodie | 31.61 | 31.78 | 32.04 | 32.21 | 32.47 | 32.64 | 32.90 |
Fibonacci | 31.77 | 31.93 | 32.04 | 32.20 | 32.36 | 32.47 | 32.63 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 30.45 | 30.96 | 31.61 | 32.12 | 32.77 | 33.28 | 33.93 |
Camarilla | 31.93 | 32.04 | 32.14 | 32.25 | 32.36 | 32.46 | 32.57 |
Woodie | 30.51 | 31.00 | 31.67 | 32.16 | 32.83 | 33.32 | 33.99 |
Fibonacci | 30.96 | 31.41 | 31.68 | 32.12 | 32.57 | 32.84 | 33.28 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 24.05 | 26.54 | 28.56 | 31.05 | 33.07 | 35.56 | 37.58 |
Camarilla | 29.33 | 29.74 | 30.16 | 30.57 | 30.98 | 31.40 | 31.81 |
Woodie | 23.81 | 26.42 | 28.32 | 30.93 | 32.83 | 35.44 | 37.34 |
Fibonacci | 26.54 | 28.27 | 29.33 | 31.05 | 32.78 | 33.84 | 35.56 |
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): | 54.24 | |
MACD (12,26,9): | 0.0400 | |
Directional Movement: | -4.87 | |
AROON (14): | -21.43 | |
DEMA (21): | 32.15 | |
Parabolic SAR (0,02-0,02-0,2): | 32.35 | |
Elder Ray (13): | 0.03 | |
Super Trend (3,10): | 31.86 | |
Zig ZAG (10): | 32.20 | |
VORTEX (21): | 1.0900 | |
Stochastique (14,3,5): | 44.44 | |
TEMA (21): | 32.17 | |
Williams %R (14): | -37.04 | |
Chande Momentum Oscillator (20): | 0.01 | |
Repulse (5,40,3): | 0.5400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 1.01 |
MA7: | 32.13 | |
MA20: | 31.59 | |
MA50: | 32.18 | |
MA100: | 32.12 | |
MAexp7: | 32.14 | |
MAexp20: | 32.10 | |
MAexp50: | 32.05 | |
MAexp100: | 31.92 | |
Price / MA7: | +0.16% | |
Price / MA20: | +1.87% | |
Price / MA50: | -0% | |
Price / MA100: | +0.19% | |
Price / MAexp7: | +0.12% | |
Price / MAexp20: | +0.25% | |
Price / MAexp50: | +0.41% | |
Price / MAexp100: | +0.81% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on AXA at the time of the analysis were as follows:
- AXA's 'Week for Good 2024' Highlights Water and Climate Action
- AXA launches CareForAll Hospital Cash Plan to foster proactive care and alleviate financial concerns associated with hospitalisation
- AXA Introduces New TotalAssure Critical Illness Series
- AXA Celebrates Record-Breaking 10 Industry Wins at Bloomberg Businessweek Financial Institutions Awards 2024
- AXA and HK Express Launch Exclusive Partnership
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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