Londinia Opportunities Analyses - 05/02/2024 (GMT) SALVATORE FERRAGAMO - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	SFER
ISIN:	IT0004712375

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 9.300 EUR

My targets

9.695 EUR (+2.16%)

10.302 EUR (+8.55%)

My analysis

The bullish trend is currently very strong on SALVATORE FERRAGAMO. As long as the price remains above the support at 9.300 EUR, you could try to benefit from the boom. The first bullish objective is located at 9.695 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.302 EUR as an objective. Crossing it would then enable buyers to target 10.560 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

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Additional analysis

Quotes

The SALVATORE FERRAGAMO price is 9.490 EUR. On the day, this instrument gained +1.72% and was traded between 9.285 EUR and 9.520 EUR over the period. The price is currently at +2.21% from its lowest and -0.32% from its highest.

9.285

9.520

9.490

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in 1H of this SALVATORE FERRAGAMO chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

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 resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.466	9.035	9.300	9.490	9.695	10.560	10.923
Change (%)	-21.33%	-4.79%	-2.00%	-	+2.16%	+11.28%	+15.10%
Change	-2.024	-0.455	-0.190	-	+0.205	+1.070	+1.433
Level	Intermediate	Major	Minor	-	Major	Major	Intermediate

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	9.075	9.190	9.260	9.375	9.445	9.560	9.630
Camarilla	9.279	9.296	9.313	9.330	9.347	9.364	9.381
Woodie	9.053	9.179	9.238	9.364	9.423	9.549	9.608
Fibonacci	9.190	9.261	9.304	9.375	9.446	9.489	9.560

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.562	8.763	9.142	9.343	9.722	9.923	10.302
Camarilla	9.361	9.414	9.467	9.520	9.573	9.626	9.680
Woodie	8.650	8.808	9.230	9.388	9.810	9.968	10.390
Fibonacci	8.763	8.985	9.122	9.343	9.565	9.702	9.923

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.087	7.523	8.427	9.863	10.767	12.203	13.107
Camarilla	8.687	8.901	9.116	9.330	9.545	9.759	9.974
Woodie	5.820	7.390	8.160	9.730	10.500	12.070	12.840
Fibonacci	7.523	8.417	8.970	9.863	10.757	11.310	12.203

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.01
MACD (12,26,9):	0.0260
Directional Movement:	3.765
AROON (14):	21.429
DEMA (21):	9.458
Parabolic SAR (0,02-0,02-0,2):	9.303
Elder Ray (13):	0.016
Super Trend (3,10):	9.523
Zig ZAG (10):	9.475
VORTEX (21):	1.0000
Stochastique (14,3,5):	78.01
TEMA (21):	9.455
Williams %R (14):	-17.02
Chande Momentum Oscillator (20):	0.095
Repulse (5,40,3):	0.1960
ROCnROLL:	1
TRIX (15,9):	0.0290
Courbe Coppock:	0.95

MA7:	9.359
MA20:	9.628
MA50:	10.901
MA100:	11.387
MAexp7:	9.456
MAexp20:	9.424
MAexp50:	9.376
MAexp100:	9.432
Price / MA7:	+1.40%
Price / MA20:	-1.43%
Price / MA50:	-12.94%
Price / MA100:	-16.66%
Price / MAexp7:	+0.36%
Price / MAexp20:	+0.70%
Price / MAexp50:	+1.22%
Price / MAexp100:	+0.61%

Quotes : - 15 min delayed data - Actions Italie

News

Don't forget to follow the news on SALVATORE FERRAGAMO. At the time of publication of this analysis, the latest news was as follows: