BANCA GENERALI - Daily - Technical analysis published on 06/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 29.35 EUR
My targets
31.61 EUR (+3.33%)
33.47 EUR (+9.41%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BANCA GENERALI. This is a positive signal for buyers. As long as the price remains above 29.35 EUR, a purchase could be considered. The first bullish objective is located at 31.61 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 33.47 EUR as an objective. Crossing it would then enable buyers to target 38.42 EUR. In the event of a return below 29.35 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.3
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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 BANCA GENERALI rating is 30.59 EUR. The price registered a decrease of -0.16% on the session with the lowest point at 30.28 EUR and the highest point at 30.62 EUR. The deviation from the price is +1.02% for the low point and -0.10% for the high point.30.28
30.62
30.59
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BANCA GENERALI indicates that the overall trend is bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
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 | 27.10 | 29.35 | 30.52 | 30.59 | 31.61 | 33.47 | 38.42 |
Change (%) | -11.41% | -4.05% | -0.23% | - | +3.33% | +9.41% | +25.60% |
Change | -3.49 | -1.24 | -0.07 | - | +1.02 | +2.88 | +7.83 |
Level | Major | Major | Major | - | Minor | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 29.68 | 30.02 | 30.33 | 30.67 | 30.98 | 31.32 | 31.63 |
Camarilla | 30.46 | 30.52 | 30.58 | 30.64 | 30.70 | 30.76 | 30.82 |
Woodie | 29.67 | 30.01 | 30.32 | 30.66 | 30.97 | 31.31 | 31.62 |
Fibonacci | 30.02 | 30.27 | 30.42 | 30.67 | 30.92 | 31.07 | 31.32 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 29.97 | 30.29 | 30.75 | 31.07 | 31.53 | 31.85 | 32.31 |
Camarilla | 30.99 | 31.06 | 31.13 | 31.20 | 31.27 | 31.34 | 31.42 |
Woodie | 30.03 | 30.33 | 30.81 | 31.11 | 31.59 | 31.89 | 32.37 |
Fibonacci | 30.29 | 30.59 | 30.78 | 31.07 | 31.37 | 31.56 | 31.85 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 25.66 | 26.92 | 27.86 | 29.12 | 30.06 | 31.32 | 32.26 |
Camarilla | 28.20 | 28.40 | 28.60 | 28.80 | 29.00 | 29.20 | 29.41 |
Woodie | 25.50 | 26.84 | 27.70 | 29.04 | 29.90 | 31.24 | 32.10 |
Fibonacci | 26.92 | 27.76 | 28.28 | 29.12 | 29.96 | 30.48 | 31.32 |
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): | 53.25 | |
MACD (12,26,9): | 0.3400 | |
Directional Movement: | -3.40 | |
AROON (14): | 57.15 | |
DEMA (21): | 30.99 | |
Parabolic SAR (0,02-0,02-0,2): | 31.38 | |
Elder Ray (13): | -0.25 | |
Super Trend (3,10): | 29.73 | |
Zig ZAG (10): | 30.54 | |
VORTEX (21): | 1.0900 | |
Stochastique (14,3,5): | 60.57 | |
TEMA (21): | 31.08 | |
Williams %R (14): | -48.63 | |
Chande Momentum Oscillator (20): | -0.14 | |
Repulse (5,40,3): | 0.2300 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.1900 | |
Courbe Coppock: | 7.19 |
MA7: | 30.92 | |
MA20: | 30.44 | |
MA50: | 29.77 | |
MA100: | 30.06 | |
MAexp7: | 30.78 | |
MAexp20: | 30.52 | |
MAexp50: | 30.08 | |
MAexp100: | 29.98 | |
Price / MA7: | -1.07% | |
Price / MA20: | +0.49% | |
Price / MA50: | +2.75% | |
Price / MA100: | +1.76% | |
Price / MAexp7: | -0.62% | |
Price / MAexp20: | +0.23% | |
Price / MAexp50: | +1.70% | |
Price / MAexp100: | +2.03% |
Quotes :
-
15 min delayed data
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Italy Stocks
News
The last news published on BANCA GENERALI 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.
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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