AMREST HOLDINGS - Daily - Technical analysis published on 07/26/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 5.61 EUR
My targets
6.54 EUR (+8.15%)
7.12 EUR (+17.69%)
My analysis
The bullish trend is currently very strong on AMREST HOLDINGS. As long as the price remains above the support at 5.61 EUR, you could try to benefit from the boom. The first bullish objective is located at 6.54 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.12 EUR as an objective. Crossing it would then enable buyers to target 7.95 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
AMREST HOLDINGS rating 6.05 EUR. The price is lower by -0.82% since the last closing with the lowest point at 6.05 EUR and the highest point at 6.18 EUR. The deviation from the price is 0% for the low point and -2.10% for the high point.6.05
6.18
6.05
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of AMREST HOLDINGS in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.09 | 5.61 | 6.00 | 6.05 | 7.12 | 7.95 | 10.00 |
| Change (%) | -15.87% | -7.27% | -0.83% | - | +17.69% | +31.40% | +65.29% |
| Change | -0.96 | -0.44 | -0.05 | - | +1.07 | +1.90 | +3.95 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Minor |
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 | 5.13 | 5.33 | 5.71 | 5.91 | 6.29 | 6.49 | 6.87 |
| Camarilla | 5.94 | 5.99 | 6.05 | 6.10 | 6.15 | 6.21 | 6.26 |
| Woodie | 5.23 | 5.38 | 5.81 | 5.96 | 6.39 | 6.54 | 6.97 |
| Fibonacci | 5.33 | 5.55 | 5.69 | 5.91 | 6.13 | 6.27 | 6.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.85 | 5.18 | 5.53 | 5.86 | 6.21 | 6.54 | 6.89 |
| Camarilla | 5.68 | 5.75 | 5.81 | 5.87 | 5.93 | 6.00 | 6.06 |
| Woodie | 4.85 | 5.19 | 5.53 | 5.87 | 6.21 | 6.55 | 6.89 |
| Fibonacci | 5.18 | 5.44 | 5.60 | 5.86 | 6.12 | 6.28 | 6.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.27 | 4.59 | 4.84 | 5.16 | 5.41 | 5.73 | 5.98 |
| Camarilla | 4.93 | 4.99 | 5.04 | 5.09 | 5.14 | 5.20 | 5.25 |
| Woodie | 4.24 | 4.57 | 4.81 | 5.14 | 5.38 | 5.71 | 5.95 |
| Fibonacci | 4.59 | 4.81 | 4.94 | 5.16 | 5.38 | 5.51 | 5.73 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 72.01 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | 9.94 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 5.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.52 | |
| Elder Ray (13): | 0.39 | |
| Super Trend (3,10): | 5.34 | |
| Zig ZAG (10): | 6.05 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 83.75 | |
| TEMA (21): | 6.00 | |
| Williams %R (14): | -12.61 | |
| Chande Momentum Oscillator (20): | 0.96 | |
| Repulse (5,40,3): | 5.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4600 | |
| Courbe Coppock: | 29.53 |
| MA7: | 5.95 | |
| MA20: | 5.48 | |
| MA50: | 5.29 | |
| MA100: | 4.69 | |
| MAexp7: | 5.90 | |
| MAexp20: | 5.60 | |
| MAexp50: | 5.25 | |
| MAexp100: | 4.91 | |
| Price / MA7: | +1.68% | |
| Price / MA20: | +10.40% | |
| Price / MA50: | +14.37% | |
| Price / MA100: | +29.00% | |
| Price / MAexp7: | +2.54% | |
| Price / MAexp20: | +8.04% | |
| Price / MAexp50: | +15.24% | |
| Price / MAexp100: | +23.22% |
Quotes :
-
15 min delayed data
-
Spain Stocks
News
Don't forget to follow the news on AMREST HOLDINGS. At the time of publication of this analysis, the latest news was as follows:
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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