AZIMUT - Daily - Technical analysis published on 10/03/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
11%
67%
22%
My opinion
Bearish under 21.007 EUR
My targets
19.575 EUR (-4.65%)
18.980 EUR (-7.55%)
My analysis
The strong short-term decline in AZIMUT 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 21.007 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 19.575 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.980 EUR as an objective. Crossing it would then enable sellers to target 17.783 EUR. Be careful, a return to above 21.007 EUR could jeopardize the reversal.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AZIMUT rating 20.530 EUR. The price is lower by -0.15% since the last closing and was between 20.450 EUR and 20.550 EUR. This implies that the price is at +0.39% from its lowest and at -0.10% from its highest.20.450
20.550
20.530
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AZIMUT indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.783 | 18.980 | 19.575 | 20.530 | 20.674 | 21.007 | 21.338 |
| Change (%) | -13.38% | -7.55% | -4.65% | - | +0.70% | +2.32% | +3.94% |
| Change | -2.747 | -1.550 | -0.955 | - | +0.144 | +0.477 | +0.808 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.157 | 20.333 | 20.447 | 20.623 | 20.737 | 20.913 | 21.027 |
| Camarilla | 20.480 | 20.507 | 20.533 | 20.560 | 20.587 | 20.613 | 20.640 |
| Woodie | 20.125 | 20.318 | 20.415 | 20.608 | 20.705 | 20.898 | 20.995 |
| Fibonacci | 20.333 | 20.444 | 20.513 | 20.623 | 20.734 | 20.803 | 20.913 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.773 | 20.147 | 20.413 | 20.787 | 21.053 | 21.427 | 21.693 |
| Camarilla | 20.504 | 20.563 | 20.621 | 20.680 | 20.739 | 20.797 | 20.856 |
| Woodie | 19.720 | 20.120 | 20.360 | 20.760 | 21.000 | 21.400 | 21.640 |
| Fibonacci | 20.147 | 20.391 | 20.542 | 20.787 | 21.031 | 21.182 | 21.427 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.200 | 19.860 | 20.270 | 20.930 | 21.340 | 22.000 | 22.410 |
| Camarilla | 20.386 | 20.484 | 20.582 | 20.680 | 20.778 | 20.876 | 20.974 |
| Woodie | 19.075 | 19.798 | 20.145 | 20.868 | 21.215 | 21.938 | 22.285 |
| Fibonacci | 19.860 | 20.269 | 20.521 | 20.930 | 21.339 | 21.591 | 22.000 |
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): | 38.00 | |
| MACD (12,26,9): | -0.0520 | |
| Directional Movement: | -11.114 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 20.895 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.229 | |
| Elder Ray (13): | -0.220 | |
| Super Trend (3,10): | 21.535 | |
| Zig ZAG (10): | 20.560 | |
| VORTEX (21): | 0.8460 | |
| Stochastique (14,3,5): | 14.32 | |
| TEMA (21): | 20.724 | |
| Williams %R (14): | -94.25 | |
| Chande Momentum Oscillator (20): | -0.590 | |
| Repulse (5,40,3): | -2.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0190 | |
| Courbe Coppock: | 3.31 |
| MA7: | 20.791 | |
| MA20: | 21.012 | |
| MA50: | 20.920 | |
| MA100: | 20.203 | |
| MAexp7: | 20.774 | |
| MAexp20: | 20.917 | |
| MAexp50: | 20.762 | |
| MAexp100: | 20.336 | |
| Price / MA7: | -1.26% | |
| Price / MA20: | -2.29% | |
| Price / MA50: | -1.86% | |
| Price / MA100: | +1.62% | |
| Price / MAexp7: | -1.17% | |
| Price / MAexp20: | -1.85% | |
| Price / MAexp50: | -1.12% | |
| Price / MAexp100: | +0.95% |
Quotes :
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15 min delayed data
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Italy Stocks
This 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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