Londinia Opportunities Analyses - 05/03/2024 (GMT) ELES - 1H
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EUR
(-)
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15 min delayed data - Italy Stocks
| Type: | Stocks |
| Ticker: | ELES |
| ISIN: | IT0005373417 |
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
61%
11%
28%
My opinion
Bullish above 2.217 EUR
My targets
2.280 EUR (+1.79%)
2.313 EUR (+3.27%)
My analysis
The bullish trend is currently very strong on ELES. As long as the price remains above the support at 2.217 EUR, you could try to benefit from the boom. The first bullish objective is located at 2.280 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.313 EUR as an objective. Crossing it would then enable buyers to target 2.545 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
0
10
7.7
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Additional analysis
Quotes
The ELES rating is 2.240 EUR. On the day, this instrument gained +2.75% with the lowest point at 2.140 EUR and the highest point at 2.240 EUR. The deviation from the price is +4.67% for the low point and 0% for the high point.2.140
2.240
2.240
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on ELES were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ELES chart shows a strongly bullish trend. 92.86% 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 currently does not detect any result that concerns moving averages.
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 this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.956 | 2.044 | 2.120 | 2.240 | 2.280 | 2.545 | 4.125 |
| Change (%) | -12.68% | -8.75% | -5.36% | - | +1.79% | +13.62% | +84.15% |
| Change | -0.284 | -0.196 | -0.120 | - | +0.040 | +0.305 | +1.885 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 1.797 | 1.913 | 2.047 | 2.163 | 2.297 | 2.413 | 2.547 |
| Camarilla | 2.111 | 2.134 | 2.157 | 2.180 | 2.203 | 2.226 | 2.249 |
| Woodie | 1.805 | 1.918 | 2.055 | 2.168 | 2.305 | 2.418 | 2.555 |
| Fibonacci | 1.913 | 2.009 | 2.068 | 2.163 | 2.259 | 2.318 | 2.413 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.743 | 1.837 | 1.933 | 2.027 | 2.123 | 2.217 | 2.313 |
| Camarilla | 1.978 | 1.995 | 2.013 | 2.030 | 2.047 | 2.065 | 2.082 |
| Woodie | 1.745 | 1.838 | 1.935 | 2.028 | 2.125 | 2.218 | 2.315 |
| Fibonacci | 1.837 | 1.909 | 1.954 | 2.027 | 2.099 | 2.144 | 2.217 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.227 | 1.423 | 1.727 | 1.923 | 2.227 | 2.423 | 2.727 |
| Camarilla | 1.893 | 1.938 | 1.984 | 2.030 | 2.076 | 2.122 | 2.168 |
| Woodie | 1.280 | 1.450 | 1.780 | 1.950 | 2.280 | 2.450 | 2.780 |
| Fibonacci | 1.423 | 1.614 | 1.732 | 1.923 | 2.114 | 2.232 | 2.423 |
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): | 64.09 | |
| MACD (12,26,9): | 0.0480 | |
| Directional Movement: | 23.952 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 2.172 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.105 | |
| Elder Ray (13): | 0.033 | |
| Super Trend (3,10): | 2.099 | |
| Zig ZAG (10): | 2.170 | |
| VORTEX (21): | 1.1920 | |
| Stochastique (14,3,5): | 64.91 | |
| TEMA (21): | 2.206 | |
| Williams %R (14): | -35.09 | |
| Chande Momentum Oscillator (20): | 0.170 | |
| Repulse (5,40,3): | -0.9790 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2640 | |
| Courbe Coppock: | 17.85 |
| MA7: | 2.068 | |
| MA20: | 1.898 | |
| MA50: | 1.681 | |
| MA100: | 1.546 | |
| MAexp7: | 2.172 | |
| MAexp20: | 2.115 | |
| MAexp50: | 2.056 | |
| MAexp100: | 1.990 | |
| Price / MA7: | +8.32% | |
| Price / MA20: | +18.02% | |
| Price / MA50: | +33.25% | |
| Price / MA100: | +44.89% | |
| Price / MAexp7: | +3.13% | |
| Price / MAexp20: | +5.91% | |
| Price / MAexp50: | +8.95% | |
| Price / MAexp100: | +12.56% |
Quotes :
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15 min delayed data
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