Londinia Opportunities Analyses - 05/14/2024 (GMT) ASCOPIAVE - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	ASC
ISIN:	IT0004093263

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 bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 2.246 EUR

My targets

2.210 EUR (-0.90%)

2.182 EUR (-2.15%)

My analysis

ASCOPIAVE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.246 EUR. The next support located at 2.210 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.182 EUR. Below this support, sellers could then target 2.066 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The ASCOPIAVE rating is 2.230 EUR. The price registered an increase of +0.00% on the session and was between 2.220 EUR and 2.240 EUR. This implies that the price is at +0.45% from its lowest and at -0.45% from its highest.

2.220

2.240

2.230

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

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ASCOPIAVE chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.066	2.182	2.210	2.230	2.246	2.265	2.309
Change (%)	-7.35%	-2.15%	-0.90%	-	+0.72%	+1.57%	+3.54%
Change	-0.164	-0.048	-0.020	-	+0.016	+0.035	+0.079
Level	Intermediate	Major	Minor	-	Intermediate	Minor	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	2.180	2.200	2.215	2.235	2.250	2.270	2.285
Camarilla	2.220	2.224	2.227	2.230	2.233	2.236	2.240
Woodie	2.178	2.199	2.213	2.234	2.248	2.269	2.283
Fibonacci	2.200	2.213	2.222	2.235	2.248	2.257	2.270

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.087	2.148	2.202	2.263	2.317	2.378	2.432
Camarilla	2.223	2.234	2.245	2.255	2.266	2.276	2.287
Woodie	2.083	2.146	2.198	2.261	2.313	2.376	2.428
Fibonacci	2.148	2.192	2.219	2.263	2.307	2.334	2.378

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.035	2.099	2.209	2.273	2.383	2.447	2.557
Camarilla	2.271	2.287	2.303	2.319	2.335	2.351	2.367
Woodie	2.058	2.111	2.232	2.285	2.406	2.459	2.580
Fibonacci	2.099	2.166	2.207	2.273	2.340	2.381	2.447

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):	42.95
MACD (12,26,9):	-0.0060
Directional Movement:	-10.643
AROON (14):	-35.714
DEMA (21):	2.231
Parabolic SAR (0,02-0,02-0,2):	2.252
Elder Ray (13):	-0.007
Super Trend (3,10):	2.271
Zig ZAG (10):	2.230
VORTEX (21):	0.9110
Stochastique (14,3,5):	42.86
TEMA (21):	2.234
Williams %R (14):	-57.14
Chande Momentum Oscillator (20):	-0.015
Repulse (5,40,3):	1.0070
ROCnROLL:	-1
TRIX (15,9):	-0.0370
Courbe Coppock:	1.24

MA7:	2.252
MA20:	2.257
MA50:	2.240
MA100:	2.179
MAexp7:	2.234
MAexp20:	2.240
MAexp50:	2.253
MAexp100:	2.261
Price / MA7:	-0.98%
Price / MA20:	-1.20%
Price / MA50:	-0.45%
Price / MA100:	+2.34%
Price / MAexp7:	-0.18%
Price / MAexp20:	-0.45%
Price / MAexp50:	-1.02%
Price / MAexp100:	-1.37%

Quotes : - 15 min delayed data - Actions Italie

News

The latest news and videos published on ASCOPIAVE at the time of the analysis were as follows: